ayodejiadegboyega

Posts by ayodejiadegboyega:

UPDATED: Nigeria inflation reaches 19-month high

Inflation in Nigeria rose to a 19-month high in December, as prices continued to rise many months after the country closed its borders with its neighbours. Annual inflation rose to 11.98 per cent in December 2019 from 11.85 per cent in November 2019, the National Bureau of Statistics said on…

Electricity Meter

Reps ask NERC to suspend electricity tariff increase

The House of Representatives Committee on Power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff. The committee chairman, Aliyu Magaji, at a meeting Tuesday said that the upward review should be suspended pending proper consultations on the matter NERC had earlier announced…

Map of Nigeria showing 36 states and FCT [Photo: World Map]

Nigeria one of the worst countries to live for minimum wage earners – Report

Nigeria is one of the worst countries for minimum wage earners to live in, a new report by e-commerce firm, Picodi, has revealed. As at January 2020, Nigeria recorded the highest year to year increase in the minimum wage (N26,697). This is a 64.8 per cent increase, when compared to…

Nigeria Customs Service

Recruitment: Nigeria Customs shortlists over 160,000

The Nigeria Customs Service (NCS) says it has shortlisted 162,399 candidates for an aptitude test as part of its recruitment exercise which began in 2019. About 828,333 candidates had applied into the service but only 162,399 applicants were picked. The shortlisted candidates represent 19.6 per cent of the total number…

President Muhammadu Buhari signing

Buhari signs Finance Bill into law

President Muhammadu Buhari, on Monday, signed the Finance Bill, which, among others, seeks to increase the value-added tax (VAT) from five per cent to 7.5 per cent. The president announced this move on his verified Twitter account today. He said “I am pleased to announce that this morning I signed…

Abubakar Garba, Registrar General of the Corporate Affairs Commission (CAC)

PROFILE: Garba Abubakar, lawyer and ex-special adviser, heads Corporate Affairs Commission

President Muhammadu Buhari on Thursday appointed Garba Abubakar as the new Registrar General of the Corporate Affairs Commission (CAC). Mr Abubakar’s appointment, which is in line with the provisions of the Companies and Allied Matters Act (CAMA), was conveyed by the Minister of Industry, Trade and Investment, Niyi Adebayo, via…

Nigeria’s Information minister, Lai Mohammed,

Lai Mohammed gives directives to regulate online broadcast

The minister of information and culture, Lai Mohammed, has given directives to the National Broadcasting Commission (NBC) to formulate regulations for the online media. He also directed the regulation of international broadcasters beaming signals into Nigeria and hate speech. Others are the regulation of human resources and staff welfare, funding…

A cargo ship used to illustrate the story

Oil prices drop amid U.S.-Iran tensions

Oil prices on Monday dropped after Brent crude jumped close to $70 per barrel after an Iranian military chief was killed in a military operation conducted by the United States. Brent crude futures prices are used as benchmarks for future oil prices in Africa, Europe and the Middle East. Reuters…

Meters on pole-mounted by JEDC

Electricity tariff hike still subject to public consultation — NERC

The Nigerian Electricity Regulatory Commission has said the review of electricity tariffs in the country is subject to public consultation. The chairman of the board of NERC, James Momoh, said the proposed tariff is only a review that it is mandated twice in a year. Speaking at a briefing on…

Railway

How Nigeria’s rail sector fared in 2019

Major decisions were taken in 2019 as regards the rail sector of the country by the federal government. Some of the decisions were seen as a consolidation to gains earlier made. While many citizens argue Nigeria should have moved past the stage in which it is in the rail system,…

A cargo ship used to illustrate the story

Oil prices jump after U.S. airstrike kills top Iranian general

Oil prices on Friday jumped close to $70 per barrel after an Iranian military chief was killed in a military operation conducted by the United States. This may have raised fears of destabilisation and possibly affect global oil output in the region. Brent crude futures jumped 2.9 per cent to…

Enugu airport to be re-opened before Easter – Minister

The Akanu Ibiam International Airport, Enugu, which is undergoing rehabilitation, will be back in operation before Easter, the Minister of Aviation, Hadi Sirika, has said. Mr Sirika gave this assurance on Wednesday while he was inspecting the rehabilitation of the airport's runway. The Federal Airports Authority of Nigeria had announced…

Court of Appeal Headquarters

Appeal Court makes N1.3 million in 18 months from affidavits

The Court of Appeal made N1.3 million from affidavits in 18 months, between January 2018 and June 2019, an official has said. The details of the earnings were sent to PREMIUM TIMES in response to a Freedom of Information request. An affidavit is a written statement from an individual that…

Lai Mohammed is unable to provide any document on a coup plot

Again, Nigerian govt defends growing debt, attacks Obasanjo, other critics

The Nigerian government has again defended the increasing debt profile under the President Muhammadu Buhari regime. The government also accused some critics of the increasing debt profile of "scaremongering." One of such recent critics is a former president, Olusegun Obasanjo, who warned last week that Nigeria risked going bankrupt based…

Ogoni Oil Spillage

VIDEO: Ogoni fishermen, farmers lament continued effects of environmental pollution

Bodo City, Whenyozor, Sugii and K-dere communities in Ogoni part of Rivers State prided themselves in the variety of crops and seafood they produced. They farmed the land and explored the waters around them for aquatic foods. The local economy is tied to the richness of the land and waters.…

Rusi Leso helping her mother process the gari

SPECIAL REPORT: Ogoni fishermen, farmers lament continued effects of environmental pollution

Bodo City, Whenyozor, Sugii and K-dere communities in Ogoni part of Rivers State prided themselves in the variety of crops and seafood they produced. They farmed the land and explored the waters around them for aquatic foods. The local economy is tied to the richness of the land and waters.…

MRS Oil director resigns

A director of MRS Oil Nigeria Plc has resigned. Andrew Gbodume, who joined the company in 2007, resigned with effect from December 23, 2019. A disclosure sent to the Nigeria Stock Exchange said the board of the company reviewed and approved the resignation by a written resolution. “Mr. Gbodume joined…

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

INTERVIEW: Why Finance Bill 2019 is important to Nigeria’s economy – Minister

At the presentation of the details and analysis of the 2020 Budget to civil society groups in Abuja on Thursday, the Minister of Finance, Budget and National Planning, Zainab Ahmed, fielded questions on a variety of issues. She was supported by the Minister of Information and Culture, Lai Mohammed, and…

A market used to illustrate the story

Christmas: Prices of major food items remain high since border closure

As the Christmas and New Year celebration fast approaches, Nigerian consumers and traders anticipate a general rise in the prices of selected food items. Rice, vegetable oil, frozen and live chickens, tomato paste, pepper and condiments are essential for Christmas and New Year parties and because of the high demands…

U.S. President, Donald Trump and Nigerian President, Muhammadu Buhari

Religious Freedom: Nigeria replies U.S., blames ‘political opposition’

The Nigerian government has described as false the country's description by the U.S. as one that either perpetrates or tolerates " severe violations of religious freedom." The Nigerian government stated this in a statement by the information minister, Lai Mohammed, sent to this newspaper by Mr Mohammed's aide. PREMIUM TIMES…

Auditor-General of the Federation, Anthony Ayine [Photo Credit: Independent Newspapers Nigeria]

FIRS failed to collect N41 billion taxes from firms – Audit Report

The Federal Inland Revenue Service failed to collect taxes worth about N41 billion in Lagos, a government audit report has said. This is even as it has not been able to meet up with its target over the past four consecutive years, the report added. The taxes, which are yet…

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

Budget 2020: Why finance bill won’t fully take effect on January 1 – Minister

The Finance Bill 2019 when signed into law will not fully take effect from January 1, 2020, Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. The minister said at the presentation of the details of the 2020 budget on Thursday in Abuja that the approved legislation by…

Angola on map

Angola’s national carrier begins flights to Nigeria

After over one year of preparations, Angola’s national carrier, TAAG Angola Airlines, has gotten the opportunity to expand its operation to Nigeria. The airline’s maiden flight was said to have arrived at the Murtala Muhammad International Airport, Lagos on Monday afternoon. According to Punch newspaper, the CEO of the airline,…

French embassy unveils strategy to enhance peacebuilding in Nigeria

French embassy unveils strategy to enhance peacebuilding in Nigeria

The Embassy of France has launched a new strategy it says will help CSOs working towards peace initiatives in Nigeria. This, it said, is a way to reaffirm the commitment of the French government to support such projects. Nigeria is presently grappling with security challenges in many parts of the…

National Bureau of Statistics headquarters

UPDATED: Nigeria’s inflation rises, hits 11.85%

From 11.61 per cent recorded in October, Nigeria’s inflation rate increased to 11.85 per cent in November, the National Bureau of Statistics, has said. This is also the highest inflation rate recorded since April 2018. Despite a general decrease in the general price level of food in some states, the…