ECONOMY · WORLD NEWS

BVN: 38 MILLION NIGERIANS LINKED ON DATABASE_CBN

Banks in the country have successfully linked 38 million accounts with the Bank Verification Numbers, according to the Central Bank of Nigeria. As part of its financial inclusion drive, the CBN said it was targeting 100 million BVNs in the next five years. According to the CBN, “In order to ease the constraint poor identification… Continue reading BVN: 38 MILLION NIGERIANS LINKED ON DATABASE_CBN

ECONOMY

FG MOVES TO PROTECT NIGERIANS IN DIASPORA_Ada Nkong

As part of measures to enhance the well being of Nigerians in diaspora, the draft National diaspora policy has been validated. Speaking at a stakeholders meeting at Sheraton Hotel Abuja,organized by the EU IOM, the Executive Chairman ,NIDCOM , Hon.Abike Dabiri Erewa said the policy will enable Nigerians in diaspora to maximise their potential and… Continue reading FG MOVES TO PROTECT NIGERIANS IN DIASPORA_Ada Nkong

ECONOMY

SOUTHEAST GOVERNORS PROVIDE ALTERNATIVE TO RUGA_Ada Nkong

As mixed reactions continue to trail the Federal Governments resolve to set up Ruga in some states as a solution to farmer/ herdmen clashes, South East Governors have reached an agreement with Miyetti Allah . The South East Governors Forum said the proposed deal was struck with members of the Miyetti Allah as a panecea… Continue reading SOUTHEAST GOVERNORS PROVIDE ALTERNATIVE TO RUGA_Ada Nkong

ECONOMY

TRANSPORT SECTOR CAN FUND NIGERIA’S BUDGET- HASSAN BELLO_ Ada Nkong

Lamenting the low contribution of the maritime sector presently to Nigeria's GDP, the Executive Secretary, Nigerias Shippers council, Barr. Hassan Bello says the Transport sector can fund Nigeria's budget " if we get it right". Bello spoke during a one day workshop organized by the Shippers council for aviation and transport correspondents in Abuja. He… Continue reading TRANSPORT SECTOR CAN FUND NIGERIA’S BUDGET- HASSAN BELLO_ Ada Nkong

ECONOMY

LAGOS- IBADAN RAILWAY COSTS LESS THAN $2 BILLION DOLLARS- Sabiu Zakari_Ada Nkong

Following reports in some sections of the media that the Lagos-Ibadan railway cost $ 2 billion dollars; much more than the bill for an alleged similar Railtrack in Ghana covering a longer distance, the Permanent Secretary, Ministry of Transportation, Sabiu Zakari has said the claim is fictitious. In a press statement signed by Anastasia Ogbonna,… Continue reading LAGOS- IBADAN RAILWAY COSTS LESS THAN $2 BILLION DOLLARS- Sabiu Zakari_Ada Nkong

ECONOMY

NIGERIAN AIRWAYS STAFF IN DIASPORA TO GET ENTITLEMENT_Ada Nkong

Verification and payment of ex-workers of the defunct Nigeria Airways Limited (NAL) in Diaspora will begin on Monday in London, United Kingdom (UK). Mr John  Waitono, Acting Director, Presidential Initiative on Continuous  Audit (PICA), said this in a statement on Sunday in Abuja. Waitino said the two weeks exercise will be conducted by an Inter-Ministerial Team… Continue reading NIGERIAN AIRWAYS STAFF IN DIASPORA TO GET ENTITLEMENT_Ada Nkong

ECONOMY

GRIDLOCKS IN AND OUT OF APAPA: MORE PORTS TO THE RESCUE_OSINBAJO

Vice President Yemi Osinbajo, on Saturday said the Federal Government was committed to building more ports across the country to decongest the gridlock in and out of the Apapa ports. Osinbajo made this known in a recent interview after inspecting the Lilipond transit truck park, Creek Road and other networks of roads leading to the… Continue reading GRIDLOCKS IN AND OUT OF APAPA: MORE PORTS TO THE RESCUE_OSINBAJO

ECONOMY · WORLD NEWS

JOB CUTS: MULTI CHOICE PLANS RESTRUCTURING

MultiChoice Africa, a multinational video entertainment company, has announced plans to restructure its customer service model, leading to the possible loss of over 2,000 jobs. The restructuring would create new opportunities for “multi-skilled employees with the expertise, skills and technological prowess to enhance the customer experience,” Calvo Mawela, MultiChoice group chief executive, said in a… Continue reading JOB CUTS: MULTI CHOICE PLANS RESTRUCTURING

ECONOMY

NNPC GMD: MAIKANTI BARU OUT, MELE KOLO KYARI IN

President Muhammadu Buhari has appointed Mr Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) to replace Mr. Maikanti Baru. The corporation disclosed this in a statement released by the  NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu,in Abuja, on Thursday. He said that the appointment… Continue reading NNPC GMD: MAIKANTI BARU OUT, MELE KOLO KYARI IN