The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration. Mr. Adokiye Tombomieye, the Group General Manager, Crude Oil Marketing Division (COMD), has been appointed …

President Muhammadu Buhari has set up an inter-ministerial committee on recovery and audit of stamp duty collection in Nigeria. A statement released by the Presidency on Tuesday afternoon said; “following the inadequacies in operation of Law and exercise of authority on stamp duty, certain backlogs of generated revenue were left unaccounted for thereby transforming into a matter of recovery for …

The Central Bank of Nigeria (CBN) has announced a total of N432 billion to support farmers of nine essential commodities for the 2020 planting season. The Director of Development Finance at the CBN, Yusuf Yila made this known at a meeting by the apex bank for farmers under its Anchor Borrowers’ Programme in Abuja on Thursday. Yila listed the commodities …

A branch of a new generation bank has been sealed in Port-Harcourt, Rivers State after the manager of the branch died due to complications arising from COVID19. Officials of the Nigeria Centre for Disease Control (NCDC) sealed the bank located at Onne area of Eleme Local Government Area of Rivers State following the report that many staff members of the …

The Federal Government has warned that about 39.4 million Nigerians may lose their jobs at the end of the year due to the impact of the COVID-19 pandemic. It also expressed fear that millions more Nigerians may slide into extreme poverty before the end of the pandemic.Vice President, Professor Yemi Osinbajo disclosed these while presenting the Economic Sustainability Report to …

The Coronavirus pandemic has, no doubt, forced the government to look inwards and promote import substitution. As the global health issue continues to affect oil price and foreign exchange rates, government needs to harmonise local production to meet international standards. The clothing and apparel industry, which relies heavily on the importation of fashion items, is perhaps a good place to …

Minister of Mines and Steel Development; Lekan Adegbite has disclosed that Nigerian godfathers of the illegal miners arrested by law enforcement agents in Zamfara and Osun States are mounting pressure on the Federal Government to release the miners without prosecution. Adegbite stated this on Friday while speaking with newsmen in Abuja on Friday said the Federal Government would no longer …

The Bankers Committee along with the Central Bank of Nigeria(CBN) has agreed not to lay off any staff, whether full time or part time in order to mitigate the negative impact of COVID19 on the livelihood of families. This is contained in a press release signed by CBN’s Director of Corporate Communications. The statement said that in a situation any …

A company owned by former Vice-President and Peoples Democratic Party Presidential candidate; Atiku Abubakar, on Friday, confirmed that it sacked some of its workers due to “restructuring process in the companies under our Group.” The company, Gotel Communications had reportedly sacked about 46 of its employees on Workers’ Day. It was reported that the company, in a letter by its …

Minister of Aviation, Hadi Sirika ha announced that the shutdown of all international airports has in Nigeria has been extended by two weeks. He announced via his twitter handle, “ As a result of the extension on lockdown by Mr President it is no longer possible for us to open our airspace and airports for normal operations by the 23rd …