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  • Recapitalisation: NAICOM jerks insurance capital base across board May 21, 2019
    The National Insurance Commission (NAICOM) has announced a new Minimum Paid-up Share Capital Policy for insurance and reinsurance companies in Nigeria. The revised paid-up capital requires life Insurance business operators to raise its capital from […]
  • FG trains 62 youth on ‘zero to export’ capacity building programme May 21, 2019
    The federal government through the Nigerian Export Promotion Council (NEPC) said it has 62 trainees of Zero to Export Capacity Building Programme. The Executive Director of NEPC, Mr Olusegun Awolowo who made this known at the […]
  • Viable Commodities exchange’ll boost forex earnings – SEC May 21, 2019
    The Securities and Exchange Commission (SEC) has said that a vibrant Commodities Exchange will help the country realizes its full potentials in the commodities market as well as boost foreign its exchange earnings. SEC’s Acting […]
  • CBN retains lending rate at 13.5% May 21, 2019
    The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) Tuesday voted to retain the lending rate at 13.5 per cent. Also, the asymmetric corridor still remains at +200 and -500 basis point […]
  • Minimum wage: FG suspends request for salary reviews, adjustments May 21, 2019
    National Salaries, Incomes and Wages Commission (NSIWC) has advised Ministries Department and Agencies (MDAs) to shelve every request for salary review and adjustment. The Commission said the call became necessary due to the issue of […]
  • FG concessioned 19 silos complexes, generates N1.3bn May 21, 2019
    The Federal Government through the Ministry of Agriculture and Rural Development has concessioned 19 out of its 33 silos across the nation to six different Concessionaires for a period of 10 years. The exercise is […]
  • Aviation workers begin strike Wednesday, passengers face tough times May 21, 2019
      Flight operations may be disrupted as from today (Wednesday) as aviation unions have declared an indefinite strike in the Nigeria Civil Aviation Authority (NCAA). The industrial action begins by 5:00am, according to the unions in […]
  • NNPC remits N1.26trn to Federation Account in 2018-Baru May 21, 2019
    The Nigerian National Petroleum Corporation (NNPC) said it remitted to the federation account the sum of  N1.26 trillion as against the N1.22 trillion projected in the 2018 budget. According to the state run oil corporation, it […]
  • Offensive against drug traffickers will be intensified – Buhari May 21, 2019
    President Muhammadu Buhari Tuesday in Saudi Arabia said the sweeping offensive against drug trafficking would be sustained, urging Nigerians in diaspora to always provide information that will help the government to curb the menace. The […]
  • Oil ‘theft’: EFCC secures interim forfeiture of 6 houses, 3 fuel stations May 21, 2019
    Justice M.T.M Aliyu of Kaduna State High Court has ordered a temporary forfeiture of six houses and three filling stations believed to be proceeds of economic sabotage, forgery, and theft of petroleum products to the […]
  • EFCC arraigns ex-Customs boss for N3bn ‘fraud’ May 21, 2019
    The Economic and Financial Crimes Commission (EFCC), has arraigned a former Assistant Comptroller General of Nigeria Customs, Bridget Okafor, on a 13-count charge bordering on abuse of office to the tune of N3.3 billion. EFCC […]
  • FAAC: FG, States, LGs share N616.19bn for April 2019 May 21, 2019
    The Federal Accounts Allocations Committee (FAAC) on Tuesday distributed to the federal, states and local government councils a total sum of N616.198 billion for the month of April, 2019. The communiqué issued by the Technical sub-Committee […]
  • Shocker! Kogi gov walks out state’s Chief Judge from govt house as Judiciary workers still wallow in ‘no salary penury’ May 21, 2019
    The Governor of Kogi State, Alhaji Yahaya Bello, on Monday walked out on the Chief Judge of the state, Justice Nasiru Ajanah, during the swearing in of new Grand Gadi of the state at government […]
  • FCT Police diverts traffic over presidential tribunal sitting May 21, 2019
    The FCT Police Command has announced that traffic would be diverted on some major roads in the territory following presidential election tribunal sitting.Police Public Relations Officer (PPRO) for the command, DSP Anjuguri Manzah, made the […]
  • FG launches new ICT policy on education May 21, 2019
    In a bid to enhance modern teaching and learning in schools across the country, the federal government has launched a new national policy on Information and Communication Technology (ICT) in the nation’s education sector. Speaking […]
  • Kenyatta, Kagame push for digital transformation May 21, 2019
    Rwandan President Paul Kagame and his Kenyan counterpart Uhuru Kenyatta have called on other African leaders to invest heavily in technology to ensure faster and efficient services. The heads-of state were speaking at the opening […]
  • Malawi: Macra plans to shutdown phones, Whatsapp on election days May 21, 2019
    Beleaguered Malawi Communication Regulatory Authority (Macra) Director-General, Godfrey Itaye has called for a meeting to discuss plans to shutdown phone communication as well as social media platforms like WhatsApp. Nyasa Times reveal that Itaye and […]
  • NCC to ensure Nigerians own, control telecom sector May 21, 2019
    The Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has said that the country telecommunications sector contributes 9.5% to the country’s GDP which is about N2 trillion per quarter. He said […]
  • ICT attracted $1.73bn foreign investment in 3 years May 21, 2019
    The Minister of Communications, Dr Abdur-Raheem Adebayo Shittu, has said that the information and communication technology sector has attracted $1.73 billion foreign direct investment to the country in the last three years. He stated also […]
  • EFCC quizzes Kwara govt, Assembly officials over severance gratuity May 21, 2019
    The Economic and Financial Crimes Commission (EFCC), Ilorin Zonal Office, has commenced investigations into the alleged illegal payment of about N400 million to some members of the Kwara State House of Assembly and the State […]