Wednesday 20th November 2019,
Hope for Nigeria

Browsing the "Economy" Category

Electricity

‘Why bill to criminalise estimated billing may not work’

Some stakeholders in the power sector, yesterday, expressed serious worry over a bill at the National Assembly aiming to criminalise estimated billing of electricity consumers by distribution companies, stressing that the proposed law will not work. The industry players, who [...]

November 15, 2019 Power
Five Containers Laden With Rotten Fish, Other Edibles, Found In Apapa

Five Containers Laden With Rotten Fish, Other Edibles, Found In Apapa

Two safety agencies of Lagos State Government on Monday discovered five containers laden with rotten fish and other edibles in Apapa area of the state. The Hope For Nigeria Online learnt that the shocking discovery was made during a site [...]

October 29, 2019 Business
Emefiele speaks on border closure

Emefiele speaks on border closure after meeting with Buhari

President Muhammadu Buhari on Monday engaged the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in a closed-door meeting. The meeting, which held at the President’s office within the State House, Aso Villa, started around 11.30 am. Hope [...]

October 28, 2019 Economy
SERAP writes Buhari’s Minister over $460m failed CCTV project

SERAP writes Buhari’s Minister over $460m failed CCTV project

Scio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information (FoI) request to Zainab Ahmed, Minister of Finance, Budget and National Planning, asking her to urgently provide information on the total amount of money paid to contractors from [...]

October 27, 2019 Telecomms
Nigeria moves up 15 place, ranks 131

Nigeria moves up 15 place, ranks 131 on Ease of Doing Business Index

Nigeria has moved up 15 place on the World Bank’s Ease of Doing Business Index, ranking 131 globally. The global institution made this known in its report released in the early hours of Thursday. A comparison of business regulation in [...]

October 24, 2019 Economy
FG Budgets N600m For National Theatre Despite Banks’ Takeover

FG Budgets N600m For National Theatre Despite Banks’ Takeover

A total of N600.39 million was budgeted for the National Arts Theatre in the 2020 Appropriation Bill despite the Central Bank of Nigeria (CBN) and the Bankers’ Committee obtaining Federal Government’s approval to take over the cultural landmark. New Telegraph [...]

October 23, 2019 Technology
Enugu Airport

Enugu Airport To Be Ready By April 2020 – Hadi Sirika

Minister of Aviation, Senator Hadi Sirika said on Tuesday that he will be relocating his office to the Akanu Ibiam International Airport in Enugu temporary to directly supervise the rehabilitation of the airport which he said will be completed before [...]

October 23, 2019 Transportation
Niger Delta Ministry 2020 Budget

House Of Representatives Receives Niger Delta Ministry 2020 Budget

The House of Representatives Committee on Niger Delta has received the 2020 budget of the Ministry of Niger Delta Affairs with a commitment to work on grey areas and pass a budget that will impact on the lives of the [...]

October 23, 2019 Economy
Private BRT Operator

Government Keep Buying Buses For A Private BRT Operator?

Last week, the Governor of Lagos State, Babajide Sanwo-Olu, announced that his government had donated over 800 new buses to the BRT operator in the state. This is the second time the State government would be using public funds to [...]

October 21, 2019 Transportation
Coscharis and Stallion Group Industries Limited

Dangote, Coscharis, Stallion Group To Partner With Ekiti To Set Up Rice Mill

Hope For Nigeria Online reports that the governor of Ekiti State, Dr. Kayode Fayemi, said that his administration was in partnership talk with Dangote, Coscharis and Stallion Group Industries Limited to set up a rice mill in the state. The [...]

October 20, 2019 Business
Ajaokuta Steel Company

FG Says It Is Partnering The Russian Government To Revive Ajaokuta Steel Company

The Federal Government says it is partnering the Russian government to revive Ajaokuta Steel Company. Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development [...]

October 19, 2019 Business
Meet Reston Tedheke Ex-M: ilitant, Who Is Ga'ate Farmer In Nasarawa

Meet Reston Tedheke Ex-M: ilitant, Who Is Ga’ate Farmer In Nasarawa

Reston Tedheke: In 2017, when President Muhammadu Buhari sent Vice President Yemi Osinbajo to the Niger Delta to quell the rising tension in the region he didn’t know that he was not only creating the bedrock to a stable economy [...]

October 18, 2019 Agriculture
Reps reacts as Labour, FG reach agreement on new minimum wage

Reps reacts as Labour, FG reach agreement on new minimum wage

The Chairman, House of Representatives Committee on Legislative Compliance, Mr Dennis Idahosa, has commended the Federal Government and organised labour over the peaceful resolution on the full implementation of the new minimum wage. NAN reports that Idahosa, who gave the [...]

October 18, 2019 Economy
New Minumum wage

New Minumum wage: Labour gives details of meeting with FG Dr. Ayuba Wabba, has described as mere speculation, reports of agreement to a 20 per cent and 13.5 per cent consequential adjustments for workers on Grade Levels 7-14 and 15-17 respectively.

New Minumum wage: The President, Nigeria Labour Congress (NLC), Dr. Ayuba Wabba, has described as mere speculation, reports of agreement to a 20 per cent and 13.5 per cent consequential adjustments for workers on Grade Levels 7-14 and 15-17 respectively. [...]

October 17, 2019 Employment
200,000 N-Power Beneficiaries

FG To ‘Disengage’ Over 200,000 N-Power Beneficiaries

An official has disclosed that the federal government is working on how to disengage over 200,000 N-Power beneficiaries. According to reports, the president’s senior special assistant on social investment, Maryam Uwais, during an interview with NTA, said she is discussing [...]

October 16, 2019 General, Power
FG bans imports

FG bans imports, exports through land borders

The Federal Government Monday announced a total ban on the importation and exportation of goods through the land borders nationwide. It was gathered that the decision was in furtherance of the on-going joint border operation, tagged, Exercise Swift Response. Hope [...]

October 15, 2019 Economy
Jonathan, Buhari Spent N1.164 Trillion On Power

Jonathan, Buhari Spent N1.164 Trillion On Power In 8 Years

The Nigerian government, between 1999 and 2010, reportedly spent over N4.7 trillion on power, but the country remained in darkness. Eight years later, Jonathan and Buhari administrations invested another N1.164 trillion into the sinkhole through capital releases, but homes and [...]

October 14, 2019 Power
Malawian Teen Taught Himself How To Build A Windmill From Junk

Malawian Teen Taught Himself How To Build A Windmill From Junk, Brought Power To His Village, ALL Learned From Library Books!

Malawian Teen Taught Himself How To Build A Windmill From Junk Get this boy in a prominent position, make him famous, let him inspire! We are joining a call from Anonymous who posted a very simple message, they say the [...]

October 13, 2019 Technology
Kaduna LG begins payment of N30,000 minimum wage

Kaduna LG begins payment of N30,000 minimum wage

Ikara local government council of Kaduna state has commenced payment of N30,000 minimum wage to his workers from 4th October, 2019. The chairman of the council, Hon. Ibrahim Salihu Sadiq, disclosed this in a statement signed by his Special Adviser [...]

October 9, 2019 Economy
Customs seize N276 million goods in Bauchi

Customs seize N276 million goods in Bauchi

Customs seize N276 million goods in Bauchi Operatives of the Nigeria Customs Service, Federal Operations Unit, Zone D, Bauchi, have seized contraband goods valued at N276, 698, 800 between January and September, 2019. The Comptroller, Federal Operations Unit, Zone D, [...]

October 9, 2019 Economy
SIM Registration

SIM Registration: NCC Makes NIN Compulsory

SIM Registration: The Nigerian Communications Commission (NCC) has said that registration of new Subscriber Identity Module (SIM) cards will now require the presentation of the National Identity Number (NIN).NCC, which said the enforcement of the new rule takes effect soon, [...]

October 7, 2019 Telecomms
FG Yet To Reconstitute Minimum Wage Team

FG Yet To Reconstitute Minimum Wage Team

Despite the threat by the organised labour that it could not guarantee industrial peace if the Federal Government failed to meet its demand on the implementation of the new minimum wage by the close of work on October 16, 2019, [...]

October 7, 2019 Employment
Nigerian banks give only 4% of their loans to agriculture

Nigerian banks give only 4% of their loans to agriculture

Despite efforts by the Nigerian government to focus on agriculture and make it a mainstay of the Nigerian economy, Nigerian banks gave only 4.20 per cent of their total loans to the sector in the second quarter (Q2) of this [...]

October 7, 2019 Agriculture
Minimum Wage

Minimum Wage: Ngige Says FG Has Commenced Payment

Nigeria’s Minister of Labour and Productivity, Dr Chris Ngige, has said that the N30,000 new Minimum Wage is “a reality”, asserting that the Federal Government has commenced payment of the new wage to workers at the lower cadres of the [...]

October 6, 2019 Economy
Dangote's Multi-billion Naira Greenhouse Farm

Dangote’s Multi-billion Naira Greenhouse Farm Commences Operations

Dangote’s Multi-billion Naira Greenhouse Farm The multi-billion High–Tech Greenhouse Farm established by Dangote Farms Limited, geared at boosting the cultivation of high-quality tomatoes in the country, has commenced full production in the commercial city of Kano. The farm which is [...]

October 6, 2019 Business
first all-electric X-plane

NASA To Test Its First All-electric X-plane (photos)

NASA has officially announce about the future involves flying taxis, NASA is set to test its first all-electric X-plane to encourage and develop certification standards for an electric aircraft. NASA’s X-57 Maxwell is now at the agency’s Armstrong Flight Research [...]

October 6, 2019 Technology
toll gates scrapped by Obasanjo

Buhari govt under fire over plans to reintroduce toll gates scrapped by Obasanjo

Minister of Works and Housing, Babatunde Fashola, who made the disclosure while addressing State House correspondents at the end of the Federal Executive Council meeting on Wednesday said there is no law against toll gates. He added that some of [...]

October 5, 2019 Transportation
Selling Akube/okirika Clothes

Islamic Rulings On Buying And Selling Akube/okirika Clothes

Selling Akube/okirika Clothes: Ruling on buying and selling used clothing from the west Question What is the Islamic ruling on buying and selling used clothing that comes from Western countries, which includes all types of clothing and shoes that come [...]

October 4, 2019 Business
Lagos government shuts down Costain Bridge

Lagos government shuts down Costain Bridge

The Lagos State government, on Wednesday, disclosed plans to shut down the Costain Roundabout, inwards Funso Williams Avenue for three months, beginning from Thursday, October 3. The closure, according to a statement, is to facilitate the completion of the ongoing [...]

October 3, 2019 Transportation
Wike announces Rivers’ acquisition of Shell stakes in Ogoni, gives reasons

BREAKING: Wike announces Rivers’ acquisition of Shell stakes in Ogoni, gives reasons

Rivers State Governor, Nyesom Wike, has announced that the Rivers State Government has fully acquired Shell Petroleum Development Company of Nigeria (SPDC) 45% interest in Oil Mining Lease (OML) 11 situated in Ejama Ebubu community in Eleme Local Government Area [...]

September 30, 2019 Oil & Gas