The Federal Mortgage Bank of Nigeria (FMBN) says the Integrated Personal Payroll Information System (IPPIS) failed to remit N26.6 billion of workers’ contributory funds in two years. Managing Director of FMBN, Madu Hamman, announced this while appearing before the House of Representatives Ad hoc committee probing non-remittance to the National Housing Fund (NHF) and utilisation […]
By Abdulfatah Babatunde Nasarawa State Government and the National Agency for Science and Engineering Infrastructure (NASENI) are partnering to formulate policy on mining and local processing of lithium minerals in the State. The policy is in line with NASENI’s drive to encourage the processing of strategic solid minerals. This is to enhance the local […]
From Our Correspondent The Nigeria Sovereign Investment Authority (NSIA) says it has invested $1 billion and $500 million in third-party investment and domestic infrastructure respectively. Managing Director of NSIA, Aminu Sadiq, announced this when he appeared before an investigative hearing of the House of Representatives ad-hoc committee, on Tuesday, in Abuja. The ad-hoc committee is […]
The Central Bank of Nigeria (CBN) says it plans to address speculations in the foreign exchange market by injecting more dollars into market. This is even as the Federal Government proposed to inject more dollars into the market. Acting Governor of the CBN, Folashodun Shonubi, announced this while addressing journalists after meeting with President Bola […]
Andoni Local Government Council of Rivers, on Friday, disbursed N5 million in business grants to 50 persons living with disabilities (PWD) in the area. The Council Chairman, Erastus Awortu, distributed N100,000 to each of the beneficiaries at Ngo, the council’s headquarters. Awortu said the money was take-off grants for beneficiaries. The funding followed a four-day, […]
From Our Correspondent The Presidential Committee on Fiscal Policy and Tax Reform (PCFPTR) says it will ensure ease of tax payment and use for the benefit of Nigerians. Mr Taiwo Oyedele, Chairman of the PCFPTR, gave the assurance while briefing State House Correspondents on Tuesday in Abuja. Oyedele said that the committee would formulate appropriate […]
By Our Correspondent The Federal Government is set to reform tax administration to address various challenges facing revenue generation in the country. Mr Zacch Adedeji, Special Adviser to President Bola Ahmed Tinubu on Revenue Matters, said this in a paper presentation at the second virtual TOPAZ 88 Second Lecture Series on Saturday. The NewsZenith reports […]
From Our Correspondent in Abuja A Presidential aide has challenged trade and industry stakeholders to initiate the right policies and proper implementation of the existing laws to address challenges affecting operation of free trade zones (FTZs) in Nigeria. Special Adviser to the President on Industry, Trade and Investment, John Uwajumogu, stated this at a stakeholders […]
By Our Correspondent The Nigerian Labour Congress (NLC) has berated the Federal Government over the astronomic hike in the pump price of petrol and the “unrealistic palliative” it earlier announced. Reacting to Tuesday’s price hike, President of the Nigeria Labour Congress (NLC), Joe Ajaero rejected and described it as “anti-people”. Speaking on Channels Television Politics […]
By Abdulfatah Babatunde Nigerian motorists woke, on Tuesday, into the agony of another hike in the pump price of petrol from N488 to N617 per litre. TheNewsZenith reports that many fuel stations in Lagos now sell at between N598 and N614 per litre against the old price template of N488 per litre. At Mobil, Oando […]