ifeoluwa

Posts by ifeoluwa:

NNPC Headquarters, Abuja

Our four major investments to increase Nigeria’s revenue by $30 billion – NNPC

The Nigerian National Petroleum corporation, NNPC, says its four most recent investments with key upstream joint venture partners can increase Nigeria's revenue by over $30 billion in the next decade. The Group Managing Director, GMD, of the Corporation, Maikanti Baru, disclosed this on Monday at the inauguration of the reconstituted…

NTEL names new acting Chief Executive

The Nigeria Telecommunications Limited, NTEL, has a new acting Chief Executive Officer. He is Abhulime Ehiagwina. Mr. Ehiagwina succeeds the pioneer Managing Director/Chief Executive Officer of the telecom operator, Kamar Abass, who “stepped down from his role as CEO due to urgent personal and medical considerations.” The Director, External Affairs…

Google Headquarters [Photo Credit: Android Headlines]

Google to train 100,000 Nigerian software developers

The chief executive officer of Google Incorporated, Sundar Pichai, has said his firm would prepare 10 million Africans for 'jobs of the future' in the next five years. He said this in a company conference held in Lagos, Thursday. The pledge marked an extension of an initiative Google launched in…

Ohanaeze urges National Assembly to revisit 2014 Confab Report

The umbrella organization of Igbo socio-cultural groups, Ohanaeze Ndigbo, has charged the National Assembly, as it works on constitutional amendment, to revisit the report of the 2014 Constitutional Conference. The organization made this call in a statement sent to PREMIUM TIMES on Thursday and signed by its President-General, John Nwodo.…

Nigerian Senate Chambers

Nigerian women react, say rejection of 35 affirmation bill selfish, disappointing

Female lawyers and social commentators have responded to the rejection of the 35 per cent affirmative action for women as ministers as well as 20 per cent for women as commissioners in states by the Senate. On Wednesday, the proposal failed at the upper legislative chamber as it garnered only…

Securities and Exchange Commission (SEC)

Capital market operators, public companies to show evidence of tax compliance from March 31 – SEC

All Capital Market Operators, CMOs, and Public Limited Companies, PLCs are, from March 31, 2017, expected to show evidence of a clean tax status as part of their annual financial filings to the Securities and Exchange Commission, SEC. The commission said in a statement by its spokesperson, Naif Abdulsalam, that…

Nigerian govt. to invest N2.5 Billion in DFIs for Small Scale Miners

The Federal Ministry of Mines and Steel Development says it would invest N2.5 billion in development finance institutions (DFIs) as a pilot project to support small-scale miners to transit into more established miners. The Minister, Kayode Fayemi, who disclosed this at the sixth Sustainability in the Extractive Industries, SITEI, conference…

Peter Okoye of P-Square mocks group calling for his arrest

Award winning musician, Peter Okoye of P-Square, has responded to a call for his arrest by an APC youth group over his comment on the plans by the Nigerian government to discourage production of Nigerian movies and music abroad. The federal government on Saturday said it has taken steps to…

The World Bank

World Bank wants single regulatory body for Nigeria Free Trade Zones

The World Bank and other interest groups on Tuesday made a case for the establishment of a single regulatory body to oversee the operations of Free Trade Zones, FTZs, in the country. The call was made at a public hearing by House of Representatives’ Committee on Commerce. At the event,…

Power Lines [Photo: energymixreport.com]

Abuja residents to enjoy improved power supply as DISCo commissions transmission stations

Electricity consumers in the Federal Capital Territory, FCT, may soon enjoy improved power supply, as the Abuja Electricity Distribution Company, AEDC, commissioned two new transmission stations in Abuja on Monday. The two stations are 60 MVA/132/33KVA transmission sub-stations located in Kukuaba. The managing director and Chief Executive of the AEDC,…

Tax Thursday: Nigerian govt. unveils campaign in Abuja streets

The Federal Government on Thursday commenced the weekly public education and enlightenment exercise it launched last week to encourage Nigerians embrace voluntary declaration and payment of tax. At the official launch of the Voluntary Assets and Income Declaration Scheme, VAIDs, in Abuja, acting President, Yemi Osinbajo, had declared every Thursday…

Bayelsa Governor, Seriake Dickson

Restructuring Nigeria: Dickson lauds APC; proposes bi-partisan political committee

The Bayelsa State Governor, Seriake Dickson, on Tuesday backed a recent call by the All Progressives Congress for the restructuring of the country. In a statement signed by his spokesperson, Francis Agbo, Mr. Dickson commended the ruling party for the move, but said the mission must be given a bi-partisan…

Mercy Aigbe, Annie Idibia, Ooni’s wife, others march against domestic violence

The award winning actress, Mercy Aigbe, replied estranged husband, Lanre Gentry, on Instagram after his claim that her allegations against him was a stunt to make money for a movie. The actress in the caption of a picture of her battered eye, Thursday, said, "Throwback to when a man I…

Soaring maize price in Nigeria defies two year trend

The price of maize, a staple food in Nigeria, has soared in the country, amid increase in the global prices of the commodity and other grains, an outlook review by Novus Agro Nig. Limited, an agro commodity price tracker, has revealed. There is over 83 per cent price increase, as…

Senator Udoma Udo Udoma

Minister warns MDAs against padding 2018 budget

To check the incidence of ghost workers and rising wage bill, the federal government has warned heads of federal Ministries, Departments and Agencies, MDAs, against padding their personnel budget proposals for the 2018 fiscal period. The Minister of Budget and National Planning, Udoma Udoma, gave the warning in a circular…

NCP privatised, reformed 142 public enterprises in 18 years – Osinbajo

The National Council on Privatisation, NCP, has since its inception 18 years ago concluded the privatisation and reform of over 142 public enterprises, Acting President Yemi Osinbajo, said on Thursday. The acting president was speaking at the inauguration of the fifth council of the National Council on Privatisation (NCP) since…

Nigerian Senate Chambers

Senate demands implementation of the 2014 Confab Report

The Senate on Wednesday urged the Federal Government to look into the report of the National Conference held in 2014. This was sequel to a motion entitled “The Need for National Unity and Peaceful Co-existence in Nigeria,” sponsored by 107 senators. In the motion, the senators called for the consideration…

rice-mill

Indigenous firm acquires machinery for mechanized rice farming

In line with the Federal Government’s policy to significantly increase local rice production and reduce consumption of the imported blend, more indigenous firms are venturing into the business of local rice production. Latest Federal Ministry of Agriculture estimates show that the gap between Nigeria’s demand and supply for rice stands…

Crude oil losses: Group demands installation of meters on oil-well heads

To better assess oil production in Nigeria, Publish-What-You-Pay Nigeria, PWYP, has asked the regulatory authorities to install meters at the country's oil well heads. For long, Nigeria has faced the challenge of knowing the volume of oil it produces daily, as a result of lack of consensus on where the…

Former Katsina State Governor, Ibrahim Shema

Shema denies report of Katsina Commission of Inquiry

Former Katsina State Governor, Ibrahim Shema, has dismissed the findings of a commission of inquiry set up by his successor to probe his administration, describing them as a "charade". Mr. Shema stated his position on the report of the panel through a press statement issued on Sunday by his spokesman,…