Lagos State Governor, Babajide Sanwo-Olu will soon present an executive bill to the State House of Assembly abolishing payment of pensions and other entitlements to former governors and their deputies.Sanwo-Olu disclosed this on Monday while presenting the 2021 budget estimates to the State House of Assembly for approval.The abolition of pension will affected former governorsContinueContinue reading “Sanwo-Olu scraps pension for Tinubu, Fashola, others.”
Category Archives: Economy
#EndSARS: Nigerian youths desire accountable, transparent leaders – Okonjo-Iweala.
Former Nigerian Finance Minister, Dr Ngozi Okonjo-Iweala, says the recent #EndSARS protests showed the desire of Nigerian youths for more accountable and transparent leaders.She, therefore, urged the Federal Government and other African governments to embrace open, transparent and accountable governance as the continent strives to recover from the coronavirus pandemic.The former World Bank director madeContinueContinue reading “#EndSARS: Nigerian youths desire accountable, transparent leaders – Okonjo-Iweala.”
PDP, APC clashes over FG’s fresh N6tr loans.
The Peoples Democratic Party (PDP) and the All Progressives Congress (APC) on Wednesday criticised each other over the Federal Government’s 2021 proposed N6.17tn loans. The PDP’s spokesman, Kola Ologbodiyan, in an interview with The PUNCH, said the regime of the President, Muhammadu had an insatiable appetite for loans. In his response, the Deputy National PublicityContinueContinue reading “PDP, APC clashes over FG’s fresh N6tr loans.”
EFCC invites former FIRS boss, Fowler over tenure, others
A former Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, is currently in the custody of the Economic and Financial Crimes Commission (EFCC) in Lagos responding to questions on alleged diversion of funds.Fowler, who was also the Chairman of the Lagos Inland Revenue Service, is responding to questions over his links to aContinueContinue reading “EFCC invites former FIRS boss, Fowler over tenure, others”
Mysterious crater on runway grounds flights operation in Ondo
Flights operation were on Tuesday grounded at the Akure Airport in Ondo State over sudden and mysterious appearance of crater on the runway of the airport.According to sources, a crater was dug by suspected miscreants on the runway, which forced the airport authority to shut the runway which was said to be a preventive measureContinueContinue reading “Mysterious crater on runway grounds flights operation in Ondo”
Ondo govt directs workers to resume duties
The Ondo State governor, Oluwrotimi Akeredolu has directed all civil servants from grade levels 1-12 to resume work from Monday, October 5, 2020. Akeredolu gave this directive in a statement signed by the permanent Secretary, Office of Establishments and Training, Mr Victor Olajorin on behalf of the head of Service, Dare Aragbaye. The state governmentContinueContinue reading “Ondo govt directs workers to resume duties”
Labour suspends planned strike as FG reverses electricity tariff hike
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has suspended the strike scheduled to commence today (Monday). This followed an agreement reached with the Federal Government at a meeting which started at 8.30pm on Sunday and ended at 2:50am this morning. After exhaustive deliberations on the issues raised by the labour centres,ContinueContinue reading “Labour suspends planned strike as FG reverses electricity tariff hike”
FG apologies to Nigerians over bank account re-registration.
The Federal Government has apologised for asking all bank account holders in the country to register their details again. Recall that the Federal Government earlier asked all account holders in banks, including insurance companies, to fill and submit a Self-Confirmation form. The new order was disclosed by the government on its Twitter account, @NigeriaGov, onContinueContinue reading “FG apologies to Nigerians over bank account re-registration.”
Nigeria govt. move to regulate cryto-currencies, other digital investments
Nigeria’s Securities and Exchange Commission (SEC) on Monday announced that it would begin to regulate digital currencies and crypto-based companies. A statement by SEC said the general objective of regulation is not to hinder technology or stifle innovation but to create standards that encourage ethical practices that ultimately make for a fair and efficient market.ContinueContinue reading “Nigeria govt. move to regulate cryto-currencies, other digital investments”
Buhari orders speedy investigation into NDDC corruption scandal
President Muhammadu Buhari has ordered a speedy and coordinated investigation into the corruption scandal in the Niger Delta Development Commission (NDDC). The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement on Thursday. He explained that the President gave the directive for better coordination among security andContinueContinue reading “Buhari orders speedy investigation into NDDC corruption scandal”