Monday 14th October 2019,
Hope for Nigeria

Browsing the "Economy" Category

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
Kano Hisbah destroys 196, 400 bottles of alcohol

Kano Hisbah destroys 196, 400 bottles of alcohol

In an effort to discharge one of its statutory responsibilities of encouraging what is good and forbidding what is haram, Kano State Hisbah Board has destroyed over 196,400 bottles of alcohol. Speaking shortly after flagging off the destruction exercise at [...]

September 24, 2019 Economy
President Buhari makes new appointment

UN Envoy sends message to Buhari govt over vacant houses in Abuja, Lagos

UN Envoy sends message to Buhari govt over vacant houses in Abuja, Lagos Ms Leilana Fartha, UN Special Rapporteur on the Rights to Adequate Housing, on Monday urged the Federal Government to impose vacant home taxes with a view to [...]

September 24, 2019 Real Estate
PPPRA

Nigeria transports less petrol after closure of Benin border – PPPRA

The volume of petroleum products transported from the Nigerian National Petroleum Corporation fuel depots reduced in the wake of the recent closure of the Nigerian border with Benin Republic, the Petroleum Products Pricing Regulatory Agency (PPPRA) has reported. In a [...]

September 22, 2019 Oil & Gas
Air Peace boss

Xenophobia: What Anambra Assembly asked Buhari to do for Air Peace boss

Anambra State House of Assembly has urged the Federal Government to make Air Peace Airline a National Carrier for its contributions in the evacuation of stranded Nigerians in South Africa. The lawmakers also urged President Muhammadu Buhari to confer on [...]

September 20, 2019 Transportation
PONZI SCHEME

PONZI SCHEME:DELTANS CRY OUT AS WONDER BANK (MMM) DISAPPEAR WITH N20 MILLION NAIRA

Despite warnings from Nigeria’s Central Bank against patronage of Ponzi scheme, a Wonder bank aka MMM, posing as empowerment trading, investment agency has defrauded its customers of over N20 million in Sapele Local Government Area, of Delta State. The wonder [...]

September 16, 2019 Economy
Nigerian agricultural seed agency unveils five-year plan

Nigerian agricultural seed agency unveils five-year plan

The National Agricultural Seed Council( NASC) has unveiled a five-year institutional strategic plan to provide direction for the agency and revitalise the seed sub-sector of agriculture in Nigeria. At the public presentation of the document in Abuja on Friday, the [...]

September 15, 2019 Agriculture
Plastic Roads

Plastic Roads: The Possible End Of Pot Holes And Flood In Nigeria

Plastic Roads: Indiscipline and the ever-growing population in Lagos and Nigeria as a whole, has given birth to a menace that might choke us up if it’s not curtailed. Yes, I am referring to plastic bottles. One person dropping a [...]

September 13, 2019 Transportation
Government increases VAT to fund national minimum wage

Government increases VAT to fund national minimum wage

Government increases VAT to fund national minimum wage The Federal Executive Council (FEC) yesterday approved an increase in the nation’s Value Added Tax (VAT) from five per cent to 7.2 per cent effective next year. This comes as President Muhammadu [...]

September 12, 2019 Economy
Prices of food items, others rise as borders remain shut

Prices of food items, others rise as borders remain shut

Prices of food items and other commodities have increased in many border towns and most of the country’s cities as the borders remain partially closed. The partial closure is as a result of joint security exercise conducted by the customs, [...]

September 10, 2019 Economy
Ogun Begins Agricultural Revolution

Ogun Begins Agricultural Revolution, Unveils Anchor Borrowers’ Scheme

Ogun Begins Agricultural Revolution, Unveils Anchor Borrowers’ Scheme Ogun State Governor, Mr. Dapo Abiodun has unveiled the State Anchor Borrowers’ Scheme, signaling the commencement of an agricultural revolution in the state. Speaking at June 12 Cultural Centre, Abeokuta, the state [...]

September 8, 2019 Agriculture
Xenophobia

Xenophobia: Why we closed our embassy in Nigeria – South Africa

Xenophobia: The South African Acting High Commissioner to Nigeria, Bobby Moroe, on Thursday confirmed the closure of the country’s missions in Nigeria. Ms Moroe on Thursday that the closure was sequel to the directive from his country’s government. The envoy [...]

September 6, 2019 Business
Oil Prices

Oil Prices Fall As Market Eyes Trade War

Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output. U.S. crude CLc1 was down 26 cents, [...]

September 4, 2019 Oil & Gas
Nigerian Breweries

INVESTIGATION: How Nigerian Breweries protected its Dutch CEO suspected of corruption

Heineken suddenly transferred the Managing Director of Nigerian Breweries, Nico Vervelde, to Singapore shortly after Nigerian police interrogated him for alleged corruption. This case would have been buried if journalists Olivier van Beemen and Femke van Zeijl had not picked it [...]

September 3, 2019 Business
Imo Cargo Airport

Ihedioha Should Open Imo Cargo Airport Built By Okorocha – Sam Onwuemeodo

The governor of Imo State Chief Emeka Ihedioha should be advised by well-meaning Imo Citizens to open the Imo International Cargo Airport built by the former governor of the State, Owelle Rochas Okorocha, for operations, which the Vice-President, Prof. Yemi [...]

September 2, 2019 Transportation
5G Trial In Nigeria

NCC Approves Spectrum For 5G Trial In Nigeria

The Nigerian Communications Commission (NCC) has approved spectrum for the 5G trial services in Nigeria. The Commission has also concluded negotiations on the counterpart funding to the Infrastructure Companies.  This will support the deployment of the broadband infrastructure on which [...]

August 28, 2019 Technology
New National Minimum wage from September 1

Kaduna Government To Pay N30,000 Minimum Wage From September 1

The Kaduna State government has announced that it will commence the implementation of the New National Minimum wage from September 1, 2019. The Special Adviser to the governor on Media and Communication, Mr Muyiwa Adekeye, disclosed this to Channels Television [...]

August 27, 2019 Employment
Buhari

Confusion over Buhari’s stance on food imports, CBN’s autonomy

• Nation short on rice, sugar, maize, wheat, others, say experts• Policy anti-people, ill-timed, PDP declares• Manufacturers, OPS urge caution, want codes for items• ‘Why the presidency might be compromising apex bank’ There is confusion over the state of food [...]

August 16, 2019 Business