Petrolex, MAN, NIPC, others canvass for private investment in infrastructural development in Ogun
Policy makers and investors have urged Ogun State government to encourage private investment in infrastructural development. This was said during the Day 2 of the recently concluded Ogun State Investors Forum, where over 1,000 key players in the industrial, agricultural and technological sectors, gathered in Abeokuta, Ogun State. The... Read more
Bill Gates in Nigeria, hosted to dinner by Buhari
Microsoft founder, visionary philantrophist and billionaire, Bill Gates has arrived Nigeria to address the expanded National Economic Council on Investment in human capital. The Presidency shared a video of President Buhari having dinner with Bill Gates and Aliko dangote. See Tweet below: President @MBuhari hosts Mr. Bill Gates and... Read more
Top pension fraudster sentenced to 6 years imprisonment, to refund N22.9billion
John Yusuf, the pension thief who five years ago, was given a slap on the wrist by Justice Abubakar Talba of the Federal Capital Territory High Court, for stealing N32.8billion police pension money, has finally gotten his deserved sanctions. The Court of Appeal Abuja Division on Wednesday jailed him... Read more
Niger Delta stakeholders pledge to stop pipeline vandalism following meeting with Aiteo
Niger-Delta ex-militants and youth leaders have pledged to join Nigeria’s leading energy conglomerate, Aiteo Group, in its bid to engender more peaceful coexistence, stop pipeline vandalism, illegal oil bunkering and illegal oil refining in its areas of operation. This consensus was reached at a recent meeting coordinated and hosted... Read more
We are not paying Remita anything for using their platform to pay salaries: Benue Finance commissioner
The Benue State commissioner for Finance and economic planning, Mr David Olofu has stated that Finance technology solutions provider, Remita has not received any payment for using its platform to pay salaries, apart from the normal banking charges. Mr Olofu made the statement while speaking to correspondents last week.... Read more
Over 2 million Nigerians closed their bank accounts in 2 years – Statistics
Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion,Nigerian banks lost over 2 million customers between 2016 and 2017. According to statistics from the Nigeria Inter-Bank Settlement System (NIBSS), the number of active bank accounts also reduced by 1.5 million, dropping from 65 million to 63.5 million. The... Read more
SystemSpecs’ Remita cleaned up fraud in Benue’s Payroll- State Commissioner for Finance
Benue State Commissioner for Finance and Economic Planning, Mr David Olofu has revealed that the engagement of SystemSpecs’ Remita in managing the state’s salary payment has helped rid the payroll of fraud. He also apologised to workers in the state for the shortfalls witnessed in the payment of their... Read more
304 companies have set up in Ogun State in 7 years: Amosun
Ogun State has attracted 304 industries within the last seven years when Senator Ibikunle Amosun’s administration assumed office, the Governor has disclosed. Addressing journalists on the State’s 4th Investors’ Forum themed, “Consolidating The Gains And Accelerating Growth”, Amosun said that out of the 304 investors, 148 had each invested... Read more
Nigeria’s public debt reaches N21.73tr: Debt Management Office
Nigeria’s total public debt stock is N21.725 trillion – as at the end of December, last year. Debt Management Office (DMO) Director-General Patience Oniha, speaking yesterday in Abuja on the country’s Debt Management Strategy (DMS), said the Federal Government’s domestic debt at the end of 2017 was N12.589 trillion.... Read more
Construction of St Gabriel Refinery, Akwa Ibom nears completion(photos)
St. Gabriel Coconut Oil Refinery Project, a major industrial investment by Akwa Ibom State Government through the Ministry of Agriculture and Food Sufficiency, comprises of a factory complex complete with administrative offices, production areas, technical spaces, industrial firefighting systems, water treatment plants, effluent treatment plants and residential quarters for... Read more