Business news
The Federal Inland Revenue Service collected a total sum of N1.782tn in tax revenue between January and July this year. The figure represents an increase in tax revenue of N224.14bn when compared to the N1.558tn collected in the same period in 2016. The Executive Chairman, FIRS, Mr. Tunde Fowler, announced this on Tuesday, while defending […]
The Singaporean government and the International Civil Aviation Organisation have offered support to the Accident Investigation Bureau to revive Nigeria’s $5.8m aircraft incident/accident investigation laboratory located in the Federal Capital Territory.The AIB is the government agency responsible for the investigation of aircraft accidents and serious incidents with a view to proffering safety recommendations that […]
The Central Bank of Nigeria has extended guarantees to Skye Bank Plc for another year, while it considers the bank’s recapitalisation proposal, the mid-tier lender has said. The CBN had last year shored up Skye Bank with N100bn capital injection, after sacking its top management for failing to meet minimum capital requirements. The central […]
The Central Bank of Nigeria (CBN) yesterday supplied $195 million to stabilise the inter-bank Foreign Exchange Market. CBN spokesman Isaac Okorafor said $100 million was offered through the wholesale segment. Small and Medium Enterprises (SMEs) segment received $50 million. Tuition fees, medical payments and Basic Travel Allowance (BTA), among others, got $45 million. Okorafor said […]
The Osun State Attorney General and Commissioner for Justice, Dr. Surajudeen Basiru, has said the state will head for court should the National Assembly pass the National Grazing Reserve (Establishment) Bill 2016 into law. The bill, which is reportedly before the House of Representatives, aims to address the incessant clashes between herdsmen and farmers across […]
Nigeria’s Minister of Health, Professor Isaac Adewole The Minister of Health, Prof. Isaac Adewole has approved the suspension of 8 senior officers in the National Health Insurance Scheme (NHIS). Their suspension follows security reports on alleged maladministration and mismanagement by officials of the agency. The affected officers are: Mr. Olufemi Akingbade – General Manager, Zonal Coordinator […]
Nigerians have been advised to reject the call for the privatisation of the public health institutions. The President, Nigeria Labour Congress NLC, Ayuba Wabba gave the advice in Abuja on Monday, while addressing members of the Medical and Health Workers Union of Nigeria. Mr Wabba said if privatisation is allowed, healthcare would be out of […]
The International Civil Aviation Organization ICAO says it will continue to support Nigeria’s aviation sector, because of the leadership role the country plays in Africa. President of the Council of the organization, Mr Olumuyiwa Bernard Aliyu disclosed this while speaking to State House Correspondents after paying a visit to Acting President Yemi Osinbajo. “We are […]
Renowned Pakistani activist for female education, Malala Yousafzai has advised the Nigerian government to declare a state of emergency on education. She made the call at the Presidential Villa Abuja, when she paid a scheduled visit on Acting President Yemi Osinbajo. Malala encouraged all tiers of government to collaborate more on how best to educate […]
The Nigerian House of Representatives says there is need for synergy among the stakeholders in the maritime industry, to strengthen the security of the territorial waters. Speaker House of Representatives Mr. Yakubu Dogara made this known in Abuja, at a-one day public hearing to amend bills which include; Maritime Operation Act, reconstituting the Maritime Operations […]