News

The organised labour has threatened a nationwide strike if the government fails to begin process of reviewing the workers minimum wage, saying that Nigerian workers are hungry and legitimately angry. The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), an affiliate body of the Nigeria Labour Congress (NLC), issued the threat in Kaduna thursday. Addressing journalists alongside …

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As the capital component of the 2016 budget completed it cycle on May 5, 2017, the Ministry of Finance disclosed thursday that it had so far released N1.2 trillion of the N3trillion capital vote to various ministries, departments and agencies (MDAs) of the government. According to a statement issued by the Director of Information) on the ministry, Mr. Salisu Na’Inna …

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Lagos State topped the list of states with the highest internally generated revenue (IGR) in 2016 as the National Bureau of Statistics (NBS) released the figures at state level between January and December last year. Lagos State recorded the highest figure of N302.42 billion in full year 2016, closely followed by Rivers State with N85.29 billion while Ebonyi State generated …

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The National Agency for the Prohibition of Trafficking in Persons says it is set to bring back 5,000 Nigerians, who are mainly victims of human trafficking in Mali, to the country. The agency also stated that fresh 500 Nigerians would be repatriated from Libya next week. The Director General, NAPTIP, Julie Okah-Donli, disclosed this during a press briefing on Wednesday …

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Every Nigerian bank is currently healthy and on sound footing, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has indicated,. The NDIC Boss stated this on Thursday, reassuring members of the public to ignore rumours being circulated that some banks were in financial distress. NDIC position was made public in a statement signed by its spokesman, Mr …

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The Federal Government is committed to its youth empowerment programmes and is considering adopting capacity to create jobs as one of the criteria for offering government contracts and assistance. Budget and National Planning Minister, Senator Udoma Udo Udoma, who gave the indication at a forum with members of the 25thRegular Course on Policy, Strategy and Leadership of the National Institute …

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The Senate has passed the 2017 Appropriation Bill with a total budget estimates of ₦7,441,175,486,758.

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Obi of Onitsha, HRM. Igwe Nnaemeka Alfred Ugochukwu Achebe Unilever Nigeria Plc on Thursday received shareholders’ approval to raise N63 billion, the board of directors of the company got the go ahead at the company 92nd Annual General Meeting in Lagos. The capital raising which is still subject to relevant regulatory authorities’ approval, according to the board is going to …

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Shareholders of Wema Bank Plc, were assured of sustained earnings growth, even as the country try to come out of the economic recession. Speaking at the bank Annual General Meeting in Lagos on Wednesday, the bank Managing Director Mr Segun Oloketuyi explained that “We expect the vestiges of the headwinds in the economy to remain in 2017. However, we remain …

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Shareholders of Sterling Bank Plc. commended the Bank’s Board and Management for reporting a profitable performance for the year ended December 31, 2016, despite the harsh macro-economic environment that characterised the year under review.   This took place at the Bank’s 55th Annual General Meeting (AGM), which held at Eko Hotel & Suites, Victoria Island, and Lagos on Thursday May 11, …

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