In the trading day on Tuesday on the Nigerian Stock Exchange (NSE) maintained a downward trend with the All-Share Index declining by 0.04 per cent. The index shed 17.02 points or 0.04 per cent to close at 41,155.80 compared to 41,172.82 recorded on Monday due to profit taking.
NLC Announces Fresh Demands For New Minimum Wage
Organised Labour on Monday said it has presented fresh demand for the new National Minimum Wage for workers to the tripartite committee earlier set up by the Federal Government. The General Secretary, Nigeria Labour Congress (NLC) Dr. Peter Ozo-Eson, who disclosed this in an interview in Abuja, said the earlier demand by labour, which was presented two years ago, had been overtaken by the present economic realities in the country.
Again PDP Challenges Osinbajo To Name Those He Claimed Stole $3bn
The Peoples Democratic Party (PDP) on Wednesday challenged the Vice President, Prof. Yemi Osinbajo to name the three persons he claimed to have stolen the sum of $3bn under the President Goodluck Jonathan administration. The party in a statement issued by its Publicity Secretary, Kola Ologbondiyan also called on the Vice President to make the names available to the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution.
Osinbanjo Reveals Details Of Grand Corruption In Jonathan Administration
The Office of the Vice President on Sunday issued a statement detailing mind-boggling corruption during the Jonathan era, describing the revelation as a tip of the iceberg. NAN reports that the details were published last night in a reaction to the accusations by spin doctors of former President Goodluck Jonathan, who claimed Osinbajo made unsubstantiated allegations about grand corruption during the Jonathan era.
New Minimum Wage: NLC Vows To Resist Alteration Of Implimentation Time
The Nigeria Labour Congress (NLC) has said it would resist any attempt by the Tripartite Committee for National Minimum Wage, set up by the Federal Government to alter the time line for the implementation for the new wage for workers in the country. The President of NLC, Ayuba Wabba
Etihad Offers Free Stopover Hotel To Passengers
The Executive Vice President Commercial at Etihad Airways, Mohammad Al Bulooki says the airline has offered one night free accommodation in Abu Dhabi to all guests travelling in Economy Class from destinations in the Middle East, Africa and Pakistan, and stopping over in the nation’s capital. Speaking recently to newsmen, he said the offer is valid from May 1, 2018 until 15 September 2018 and the travel period is until 30 September 2018.
NCC Remits N49.7b To Federation Account In Q1
The Nigerian Communications Commission (NCC) said it remitted N49.7 billion to the Federal Government in the first quarter of 2018. Mr Tony Ojobo, the NCC’s Director of Public Affairs said in a statement on Thursday that the remittance was in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007).
How FG Spent N4.3tn Servicing Debt In Three Years — Budget Office
The Federal Government says it has spent a total of N4.3tn to service the country’s debt obligations to local and foreign debtors between January 2015 and September 2017. According to reports obtained from the Budget Office on Friday, the figures are computed from the quarterly budget implementation report. From the report, it was gathered that the sum of N1.06tn was used to service debt in 2015.
Nigerian Revenue Allocation Meeting Postponed Over Shortfall In NNPC Remittances
The meeting of the Federation Account Allocation Committee (FAAC) for the month of April was Wednesday postponed, the second time in a row, as controversy again dogged the remittances by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account.
FG To Inaugurate 109 Projects In Zamfara
President Muhammadu Buhari, Vice President Yemi Osibanjo, governors and Ministers are to inaugurate multi-billion naira projects in Zamfara state as part of the 7th Anniversary of Governor Abdul’aziz Yari‘s administration, NAN reports. The chairman of the anniversary committee, Alhaji Lawal Liman, disclosed this at a press conference in Gusau on Wednesday. He explained that the 109 projects comprising hospitals, roads, schools are expected to be inaugurated during the ceremonies
MTN Proposes $500m IPO in Nigeria
The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public Offering (IPO). According to the News Agency of Nigeria (NAN) a senior management staff of SEC who pleaded anonymity confirmed the development in Lagos noting that MTN had commenced discussion with the commission on the IPO.