Economy

Lagos Places Embargo On Approval For Filling Stations

The Lagos State Government has placed embargo on approval for construction of filling stations in all parts of the State till further notice, while a definite action will soon be taken on indiscriminate construction of event centres across the State, Commissioner for Physical Planning and Urban Development, Wasiu Anifowose has said. Anifowose, who said this on Tuesday at the ongoing Ministerial Press ...

Read More »

Minister of Industry, Trade & Investment parleys Ambode

PIX 4036 & 4019: Lagos State Governor, Mr. Akinwunmi Ambode (2nd left); Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah (2nd right); Acting Lagos State Head of Service, Mrs. Folasade Adesoye (right) and Senior Special Assistant to the President on Industry, Trade and Investment, Dr. Jumoke Oluwole (left) during a media briefing shortly after the Minister’s meeting with the Governor ...

Read More »

Controversy Trails as EFCC Uncovers Huge Sums of Money in Ikoyi Apartment

It is another breakthrough for the EFCC, as the agency on Wednesday, reportedly raided a home where it uncovered huge sums of money in Dollars, Pounds and in Naira. However the agency did not disclose details of the home from which the huge cash was recovered, but it says it recovered 38 million Dollars, 23 million Naira and 27,000 Pounds, from ...

Read More »

SERAP launches hotline against corruption in education and electricity sectors

Socio-Economic Rights and Accountability Project (SERAP) has established “toll-free Hotline also called BRIBEline which aims to provide anonymous and confidential channel of advice and assistance to victims and witnesses of cases of corruption such as bribes solicited by officials or quasi-official bodies in the education and electricity sectors.”

Read More »

Blame Buhari for recession – Utomi

THE director of the Lagos Business School, Prof. Pat Utomi Wednesday in Awka blamed the administration of President Muhammadu Buhari for the economic recession in the country, arguing that those attributing the recession to fall in oil price were bad mangers.

Read More »

Our gov’t is committed to prosperous economy – Buhari

….as second investment summit kick-off in Kaduna The present administration will continue to support private sector to provide the investment to drive the economic growth. This was contained in President Muhammadu Buhari’s speech to the Second Investment Summit in Kaduna, He said that, he leads a government that is committed to creation of a prosperous economy for Nigeria,

Read More »

Nigerian govt unveils management, board members of new Development Bank

The Federal Ministry of Finance on Thursday announced details of members of the board and management of the newly licensed Development Bank of Nigeria, DBN. The management team is led by Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Before his appointment as Managing Director/ CEO of Development Bank of Nigeria, he was the Deputy ...

Read More »

Abuja Airport Runway Now 57.5% Completed – Lai Mohammed

The reconstruction of the runway of the Nnamdi Azikiwe International Airport, Abuja, has reached 57.5% completion, mid-way into the six weeks earmarked for the project, the Minister of State for Aviation, Senator Hadi Sirika, disclosed in Abuja on Thursday. “Work is going on smoothly as you can see. We have taken you round and everything is in order,” Senator Sirika ...

Read More »

Buhari Sacks 5 Directors Over Illegal Recruitment

Following reports of illegal recruitment exercise into the federal civil service, the federal government led by President Muhammadu Buhari has given the nod to the dismissal of five directors at the Pension Transitional Arrangement Directorate (PTAD). The five directors were sacked with immediate effect. The directors sacked are Godson Ukpevo of the Civil Service Pension Department; Uloma Uruakpa of Custom, ...

Read More »

Ekiti Petrol Stations’ license revocation: DPR backs Fayose, flays marketers violating regulations

The Department of Petroleum Resources(DPR), a regulatory body for petroleum activities in Nigeria has backed Governor Ayo Fayose on his recent clampdown on some fuel marketers in the state which has resulted in his revocation of the licenses of some of them who were found to have violated regulations guiding the siting of the peterol stations. Frowning at the development, ...

Read More »