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Category: Economy

Business Economy headline

Not a single dollar has been awarded for rice importation since 2016- Emefiele

Iheanyi Ejiofor November 16, 2018 headline

Ebun Francis| Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has rubished a report by a United State agency that claimed that Nigeria’s rice importation increased by 400,000…

Read More Not a single dollar has been awarded for rice importation since 2016- Emefiele
Business Economy headline

30 years after, Itakpe-Warri rail begins commercial service

Iheanyi Ejiofor November 15, 2018 headline

After 30 years in doldrums, the new Warri-Itakpe Standard Gauge rail has been completed and would begin commercial operation on Monday, Nov. 19. Mr. Niyi Alli, Director, Operations of the…

Read More 30 years after, Itakpe-Warri rail begins commercial service
Business Economy headline

N30, 000 minimum wage will bankrupt states, governors cry out

Iheanyi Ejiofor November 15, 2018 headline

The Nigerian Governors’ Forum (NGF) on Wednesday said that state governments across the country will not be able to pay the N30, 000 minimum wage agreed between organised labour, the…

Read More N30, 000 minimum wage will bankrupt states, governors cry out
Economy

Alleged N21.4bn fraud: EFCC re-arraigns ex-NAF chief, Amosu, others

Iheanyi Ejiofor November 14, 2018

The Economic and Financial Crimes Commission on Tuesday re-arraigned a former Chief of Air Staff, Air Marshall Adesola Amosu (retd), for an alleged fraud of N21.4bn. Amosu, alongside Air Vice…

Read More Alleged N21.4bn fraud: EFCC re-arraigns ex-NAF chief, Amosu, others
Economy Life

EFCC gets fresh forfeiture order on N1.2bn, $327,132.35, £167.85, €157.90

Iheanyi Ejiofor November 14, 2018 headline

The Federal High Court in Lagos on Tuesday ordered that the sums of N1,250,000,000; $327,132.35,  £167.85 and €157.90 recovered by the Economic and Financial Crimes Commission should be permanently forfeited…

Read More EFCC gets fresh forfeiture order on N1.2bn, $327,132.35, £167.85, €157.90

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