archiveJuly 2019

The Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax Board (JTB) in the release of relevant individual records. Vice President Yemi Osinbajo stated this while inaugurating the New National Tax Identification...

The Nigerian Electricity Regulatory Commission (NERC) says its Meter Asset Providers (MAP) scheme will enable Nigerians to pay only for power consumed and end the issue of estimated billing soon. Prof. James Momoh, the Chairman of NERC, told the News Agency of Nigeria (NAN) in Abuja on Monday that that...

  Activities on the Nigerian equities Market opened for the month of July on a negative note with the crucial market indices dropping by 1.18 per cent. Specifically, the All Share Index lost 352.26 points or 1.18 per cent to 29,614.61 compared with 29,966.87 achieved on Friday. Also, the market...

  Nigeria on Monday reaffirmed its strong support for the nine-month extension in oil production cut under the “Declaration of Cooperation” which seeks to improve global oil market stability among OPEC members. Under the cooperation, OPEC member and non-member nations accelerated the stabilisation of global oil market through voluntary production...

  The Authority of ECOWAS Heads of State and Government on Saturday adopted ECO as the name of the single currency to be issued in January 2020. ECOWAS is made up of 15-member countries. They are Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger,...

  The Peoples Democratic Party (PDP) shunned Independent National Electoral Commission (INEC) organised parley with political parties. There were about sixty political parties in attendance. PDP and its presidential candidate in the 2019 poll, Alhaji Atiku Abubakar are already in Court challenging the outcome of the election. The parley is...

The National Pension Commission (PenCom) has urged state governments to adopt the Contributory Pension Scheme (CPS) for their workers. PenCom’s Head of Corporate Communication, Mr Peter Aghahowa, made the call during the verification for year 2020 retirees in Owerri on Monday. Aghahowa lauded the Federal Government for remaining steadfast in...

  Pastor Biodun Fatoyinbo, Monday morning stepped down as the senior pastor of Commonwealth of Zion Assembly (COZA), over rape allegation by Timi Dakolo’s wife, Busola. Fatoyinbo, in a post on his Instagram page on Monday, announced stepping down from the pulpit following the saga. He said: “The past few...

The Senior Pastor of the Covenant Christian Centre, Poju Oyemade, has revealed that the spiritual father to Pastor Biodun Fatoyinbo of the Commonwealth of Zion Assembly (COZA), told him to step down amid the rape allegations levelled against him by celebrity photographer, Mrs  Busola Dakolo. The mother-of-three had narrated how...

The Nigeria Labour Congress (NLC) has advised the federal and state governments to quicken the pace of negotiations on the template to implement the new minimum wage of N30,000 The Federal Government minimum wage implementation committee under the chairmanship of the Head of Service has been deliberating on the modality...