The Nigeria Labour Congress (NLC) is set to commence an indefinite nationwide strike after the expiration of the 14-day ultimatum given to the federal government which will elapse on September 26. The union had earlier said the ultimatum will officially commence on September 12. Ayuba Wabba, NLC president, said this while addressing journalists at the […]
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Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem – TEFConnect. TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on October 25, 2018, at Federal Palace Hotel, Lagos, Nigeria. Harnessing and building on the success of Africa’s […]
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The Oyo state government has shut down Obasanjo Farms and 15 other businesses for failing to pay the state’s environmental development levy. The action was carried out by the Board of Internal Revenue’s inter-ministerial enforcement unit. Other companies affected were Black Horse, Heinemann Educational Books, Lister Flour Mills, Evans Brother, Butterfield bakery, Chicken Republic, MRS […]
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The Debt Management Office (DMO) has reassured the Nigerians that there is no risk of default on the 500 million US dollars loan expected from China. The department gave the reassurance in a statement on Tuesday in Abuja. DMO’s statement is in reaction to public concern following the announcement at the Forum on China-Africa Cooperation […]
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The Federal Government said states must clear backlog of salaries and other related staff arrears before they would be able to access the remaining 2.69 billion dollar Paris Club Refund. The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, on Tuesday, said the Federal Government would commence phased payments of the refund to […]
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The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly report has revealed. The report released in Abuja, on Monday, noted that amount rose by 41.4 per cent compared to N2.788 trillion disbursed in the […]
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Laolu Akande, senior special assistant to the vice-president on media and publicity, says it is untrue that beneficiaries of the federal government’s Trademoi, N10,000 collateral-free loan, must present their permanent voters cards (PVC), to qualify for the scheme. Akande said this while giving update on the initiative. He said no documentation of any kind is […]
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Babatunde Fowler, chairman of Federal Inland Revenue Service (FIRS), says the service will soon go after the bank accounts of defaulting taxpayers who are billonaires. Fowler, who disclosed this at a stakeholders’ meeting in Lagos, said most of such taxpayers, have between N1bn and N5bn in their accounts. He said such individuals have no taxpayer […]
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The Royal FrieslandCampina, WAMCO, makers of peak milk, will invest 23 million Euros in fresh milk production in Nigeria, its Chief Executive Officer (CEO), Mr Hein Schumacher has said. Schumacher, who led a team from the company to a meeting with Vice President, Prof. Yemi Osinbajo on Friday in Abuja, said the firm had operated […]
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Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education. Ma was an English teacher before starting Alibaba in 1999 and built it into a multibillion-dollar internet colossus, becoming one of the world’s richest men and a revered figure in […]
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