Business

The Federal Government has said it has saved a total of N30 billion through an audit of its 181 Ministries, Departments and Agencies conducted by the Presidential Initiative on Continuous Audit. The development was contained in a report on the achievements of the Minister of Finance, Mrs. Kemi Adeosun, in the last two years. The government stated that the audit …

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The House of Representatives has passed a new Stamp Duty Bill, which seeks to amend and repeal the 2004 Stamp Duty Act. With the passage of the bill, the lawmakers have endorsed the controversial deduction of N50 from deposits into accounts with Deposit Money Banks across the country using electronic platforms. The new bill also raised the bar for the …

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Nigeria would have approximately 20,210 babies born into the country on New Year day, the UN Children’s Fund, UNICEF, said. This represents the third largest population of newborns in the world on January 1, 2018. UNICEF also said nearly 386,000 babies would be born worldwide on New Year day. The agency reported that Kiribati’s Christmas Island in the Pacific would …

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The Tony Elumelu Foundation says it is now accepting applications for business ideas that can transform Africa. The programme, which is in its fourth cycle, is TEF’s 10-year, $100m commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024, according to a statement by the foundation. The foundation said prospective applicants could visit its website to apply before …

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…Supplies over 252 billion Cubic Feet of Gas The Nigerian National Petroleum Corporation (NNPC) through its Downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion (one billion three hundred and fifty-two million and eight six thousand) litres of white products across the country in October, 2017. Details of the transactions contained in the …

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As the year 2017 gradually winds down, Nigerians have been advised to embrace the New Year with optimism in their outlook and approach for a better and prosperous 2018.   National telecommunications company, Globacom, in a statement in Lagos said that 2018 offers Nigerians a unique opportunity to restart their personal, social, economic and other spheres of lives with renewed vigour and …

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The Peoples Democratic Party (PDP) on Saturday described as an unpardonable national embarrassment, the appointment of deceased persons as members of various federal boards by President Muhammadu Buhari-led APC administration. PDP National Publicity Secretary, Kola Ologbondiyan in a statement said the development has further confirmed PDP’s position that the APC administration is completely confused, disorganized and grossly incompetent, adding that …

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Photo Caption: From Left; Tunji Kazeem, Chief Risk Officer, The Nigerian Stock Exchange (NSE); Favour Femi-Oyewale, Chief Information Security, NSE; Joke Silva, Nollywood Veteran; Bola Adeeko, Head, Corporate Services Division, NSE; Olu Jacobs, Nollywood Veteran; Tinuade Awe, Head, Legal and Regulation Division, NSE; Soji Jacobs, General Manager, Lufodo Productions; Maxwell Maduka, Manager, Ascend during the End of the Year Closing …

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President Muhammadu Buhari has made the largest set of appointments since assuming office in 2015. The President on Friday through the office of the Secretary to the Government of the Federation released the information to the public. Below is the full text of the memo: FEDERAL GOVERNMENT APPOINTS GOVERNING BOARDS FOR PARASTATALS AND AGENCIES The President and Commander in Chief …

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Some Principal Officers from the Defence and Army Headquarters, Corps Commander and General Officers Commanding (GOCs) have been moved in a posting and redeployment announced by the Nigerian Army on Friday. According to a statement by Brig.-Gen Sani Usman, the posting and appointments affected 399 officers. Below is the breakdown of the redeployed officers, Maj.-Gen.l R.O Yusuf, Commander Training and …

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