Business news
The Nigeria Deposit Insurance Corporation (NDIC) has responded to technological innovations and applications in financial services with the establishment of a new “FINTECH AND INNOVATIONS UNIT” to align with contemporary trends in advanced economies. The development is also in consonance with the Corporation’s Strategic Vision, which is to become one of the best Deposit Insurers […]
The Commandant General of Nigeria Security and Civil Defence Corps, Abdulahi Gana Muhammadu has condemned in absolute terms, the unwarranted killing of the Imo North senatorial district candidate, Mr Ndubuisi Emenike by a personnel of the Corps from Imo state command. As was contained in a press release by CDPRO DCC Okeh Emmanuel, the commandant general stated […]
Following the outbreak of the deadly Lassa fever which has so far claimed about 29 lives in 11 States, the Federal Ministry of Environment (FMENV) has disclosed its intention of putting in place an environmental health and sanitation surveillance system. According to PRNigeria, Minister of Environment, Dr. Mohammed Mahmood Abubakar, made this known in Abuja, […]
In view of reactions and growing agitations for amotekun, key stakeholders in policing matters in Nigeria is set examine critically if state’s are allowed to own a state police. This is also coming at a time there is heated debate over the legality and feasibility of State and regional quasi-security platforms such as the Amotekun […]
The Lagos State Level-3 Bio-Safety Laboratory, also known as the Lagos Bio-bank, built with support from the Canadian government to ensure effective management of infectious diseases, has fully commenced operations and started receiving samples. The State Commissioner for Health, Professor Akin Abayomi, made the disclosure at during his visit to the facility in Yaba recently […]
The International oil benchmark, Brent crude, plunged to its lowest level in more than three months on Monday on fears that China’s deadly coronavirus would hit demand in a market that already has plentiful supply. Brent, against which Nigeria’s crude oil is priced, had risen above $70 per barrel earlier this month following the killing […]
Ahead of the completion of ongoing repair work at the Akanu Ibiam International Airport, Enugu, the Federal Government says it has upgraded navigational facilities at the airport. The airport was closed in August 2019 for repairs. The Nigerian Airspace Management Agency said on Monday that as the build-up to the reopening of the airport in […]
The Federal Government is planning a 10-year successor plan to replace the Economic Recovery and Growth Plan. The Minister of State, Budget and National Planning, Clem Agba, said this while receiving the Japanese Ambassador Extraordinary and Plenipotentiary to Nigeria, Yutaka Kikuta, in his office. He said a new economic blueprint for the country was imperative […]
There are indications that power distribution firms across the country plan to reflect the new Value Added Tax of 7.5 per cent on all their transactions from February 1, as announced by the Federal Government. Already, Ibadan Electricity Distribution Company confirmed this on Monday, saying it would implement an upward review in the prices of […]
The Lagos State Government on Monday proscribed the operations of okada and tricycle riders in six local governments and nine local council development areas of the state. The government, while directing security operatives to embark on total enforcement of the Lagos State Transport Sector Reform Law 2018, also ordered that the riders must not ply 10 major […]