World Bank Deploys New Country Director For Nigeria

The World Bank has appointed Mr. Shubham Chaudhuri as the new country Director for Nigeria to take over from Mr Rachid Benmessoud whom his term expired recently.

President Buhari has disclosed that effort to repatriate another trench of $300 million Abacha loot from the United State government has reached an advance stage. Buhari said a memorandum of understanding (MOU) would be ratified by both countries to return the stashed money back to Nigeria. The $300 million was traced to bank accounts in the U.S. and Jersey, an island infamous for its negligent tax avoidance policy.

Minimum Wage: Workers Hope Dashed As FG Set To Reconstitute A New Committee

The Minister of Labour and Employment, Dr. Chris Ngige, has disclosed on Wednesday in Abuja that the federal government will reconstitute a new committee to start on a new slate a fresh negotiation for full implementation of the new National Minimum wage.

The Central Bank of Nigeria says it is creating huge opportunities for creative Nigerians youths to access credits and bank loans to enable them to grow their various businesses.  The CBN Governor, Godwin Emefiele who stated this yesterday, at the Creative Nigeria Summit, assured youths in the creative industry that they will benefit from a N22 billion intervention fund set aside to support the struggle to reposition the economy and diversify it.

P&ID Scandal: UK Court Directs Nigeria Government To Deposit $200 Million As Appeal Security

The English Commercial and Arbitration Court said if the Nigerian government is interested in “stay action of the $9.6billion damages” awarded to P&ID, then Nigerian government should deposit $200 million as security pending the determination of an appeal by the Federal Government.

Nigeria Re-elected Into ICAO Council

Nigeria has been re-elected as a member of the International Civil Aviation Organisation Council for another three-year term, during the election held at the ICAO headquarters in Montreal, Canada.

NLC Rejects Implementation Of Minimum Wage

The leadership of Nigeria Labour Congress (NLC), Kebbi state chapter on Wednesday, kicked against the approved N30,000 minimum wage by the State Government, saying the processes leading to the commencement of payment were shrouded in secrecy.

War On Terror: EFCC Fumes, Says NGOs Must Give Account For All Money Taken To North East

The Acting Chairman of the Economic and Financial Crime Commission (EFCC), Ibrahim Magu has directed that all Non-profit making Organisation, NGOs that are in the habit of moving cash to the North East are henceforth directed to seek clearance from the commission.

Management Of SIPs Funds Transparent - Presidency

The Federal Government has assured Nigerians that its social intervention funds have not been mismanaged. A press release on Wednesday by the National Social Investment Office (NSIO), explained that the funding and disbursement of its resources had always been done by the Ministry of Budget and National Planning.

Nigerian Borders Remains Closed Until Conditions are Met - CG Customs

The Comptroller-General of the Nigeria Customs Service, Col. Hameed Ali (rtd) had on Thursday, 26th September, 2019 disclosed that Nigerian borders' closure would last until the protocols on movement of goods and persons as established by the Economic Community of West African States (ECOWAS) are strictly adhered to by the neighboring countries.

We Are Not Investigating Osinbajo - Magu

The Acting Chairman of Economic and Financial Crimes Commission, EFCC, has declared that the Commission is not investigating the Vice President, Yemi Osinbajo or the management of funds allocated to the National Social Investment Programme, N-SIP.

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