Category: Economy

In 5 Years, NCC Under Danbatta remits N362.34bn into FG’s Consolidate Revenue Fund

September 5, 2020, the Nigerian Communications Commission (NCC), shocked everyone when it announced that it remitted N362.34 billion into the Federal Government Consolidate Revenue Fund (CRF), from 2015 to date.The Executive Vice Chairman, Prof. Umar Danbatta, has proven critics of his reappointment wrong. His mandate to steer the ship of NCC to a safe shore… Read More »

Category: Economy

NNPC Records ₦20.36Billion Trading Surplus in July

The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in its operations.Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the corporation, in a release in Abuja, explained that details of the figures captured in the July… Read More »

Category: Economy

ICRC Commends NNPC For Transparent Public Bid Opening Processes

…..As 78 Companies Bid for Rehabilitation of NNPC Critical Pipelines, Downstream InfrastructureThe Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izurah, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for totally driving a transparent bid opening processes for the rehabilitation of NNPC pipelines and its critical downstream infrastructure noting… Read More »

Category: Economy

Effective Public Service Will Grow Nigeria’s Economy-Jamoh

Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh has emphasized the importance of efficient and effective Public Service to Nigeria’s economic prosperity. This was as he stated the Agency’s commitment to collaborate with the Bureau of Public Service Reforms (BPSR) on the design and implementation of the transformational initiatives in… Read More »

Category: Economy

Patanmi, Danbatta, others set for 2020 Virtual Internet Governance Forum

The Hon. Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, and other key players in the country’s Information and Communication Technology (ICT) sector are set for the 2020 virtual Nigeria Internet Governance Forum (vNIGF). The 9th edition of the… Read More »

Category: Economy

No blackmail will stop ongoing reforms: KW-IRS Chairman

Our attention is drawn to a cocktail of misinformation, mischief, and outright falsehood contained in an alleged petition to the ICPC by a group on the lawful activities of the Kwara State Internal Revenue Service (KW-IRS). Having gone through the article published by an online platform, since the Service is not aware of any petition… Read More »

Category: Economy

Professional Bodies Decry High Inflation, Advocate PPP, Homegrown Solutions

The Association of Professional Bodies of Nigeria (APBN) has suggested that for Nigeria to escape poverty and infrastructural deficit, federal government must engage Private-Public-Partnership approach while local solutions be found to funding and execution of projects. The body held its year 2020 Annual Colloquium tagged ‘Oyo State Development Agenda: Strategic Thinking, Moving Forward,’ on Wednesday… Read More »

Category: Economy

NNPC’s Legal Team Bags Africa Arbitration Award

…Saves Billions of Dollars in Liabilities for NigeriaThe Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards.A press release by the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, states that the award was given to the NNPC Litigation… Read More »

Category: Economy

FBN Insurance Brokers Hosts Webinar To Sensitise SMEs On Risk Management And Cyber Security

FBN Insurance Brokers Limited, a subsidiary of Nigeria’s leading financial services group, FBN Holdings Plc, has announced a webinar to sensitise SMEs on risk management and cyber security. Spearheading discussions at the webinar are seasoned experts on insurance brokerage, cyber security and risk management. The event is themed Risk Management and Business Continuity amidst COVID19… Read More »

Category: Economy

Fuel Subsidy Removal: The Needless Furore By Maryam I. Shettima

Mr President is in the eye of the storm recently for bravely realizing the inevitable expungement of the fuel subsidy in Nigeria, brave due to the extreme furore and knee jerk reaction by some gullible and credulous Nigerians, who are convinced that, this decision is most inhumane and anti masses. Yet, conflictingly, deep within their… Read More »