Economy

To ensure synergy and effective ministry supervision, President Muhammadu Buhari has approved the transfer of the National Identity Management Commission (NIMC) to the Federal Ministry of Communications and Digital Economy. A statement by the Spokesperson of the Minister, Mrs. Uwa Suleiman said the approval for the transfer was based on …

The Nigerian Governors’ Forum on Sunday said each state government would receive $2.5m performance-based grants for implementing tax relief programmes for individual taxpayers and businesses to mitigate COVID-19 impact. The forum disclosed this in a statement issued by the Head, Media and Public Affairs of NGF Secretariat, Mr. Abdulrazaque Bello-Barkindo, …

The House of Representatives will on Monday (today) grill ministers and other top officials of the Federal Government over Nigeria’s external borrowings, especially from China. The House Committee on Committee on Treaties, Protocols and Agreements had summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Communications …

The Nigerian Governors’ Forum (NGF) on Sunday said that each state government would receive USD2.5 million performance-based grants for implementing tax relief programmes for individual taxpayers and businesses to mitigate COVID-19 impact. The forum disclosed this in a statement issued by the Head, Media and Public Affairs of NGF Secretariat, …

The Department of State Services (DSS) has invited Dr Obadiah Mailafiya, a former Deputy  Governor of the Central Bank of Nigeria (CBN) for questioning again. Yakubu Bawa, Mailafiya’s lawyer confirmed this to the News Agency of Nigeria (NAN) on Monday in Jos. According to him, Mailafiya is expected to be …

National Bureau of Statistics, NBS, Friday said that Nigeria’s unemployment rate rose to 27.1% in the second quarter of 2020. “The unemployment rate during the reference period, Q2, 2020 was 27.1%, up from the 23.1% recorded in Q3, 2018. The underemployment rate increased from 20.1% in Q3, 2018 to 28.6%.” …

SUSPENDED acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has told the  Ayo Salami-led Judicial Commission of Inquiry that his rights to a fair hearing are being violated. This is contained in a  letter written by Magu’s lawyer, Mr Wahab Shittu, dated August 11, and …

Customers are set to pay more for ride-hailing services such as Uber and Bolt due to a new regulation being introduced by the Lagos State Government. This comes barely weeks after the Babajide Sanwo-Olu administration increased LAGBUS fares by 46 per cent The new regulation for e-hailing taxing services is …

The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, on Tuesday, announced that the registration of Batch C of its N-Power programme has closed. It said the registration closed on August 9, 2020, adding that a total of 5,042,001 Nigerian youths applied as at the end of the …

The Rivers State House of Assembly on Monday approved Governor Nyesom Wike’s N18bn loan request meant for developmental projects in the state. The approval was granted after the Speaker of the house, Ikunyi Ibani, read the governor’s request during plenary. Wike, in the letter, said the loan would be serviced …