The National Salaries, Incomes and Wages Commission (NSIWC) has clarified that the implementation of the N35,000.00 per month wage award for Federal Government Ministries, Departments, and Agencies will be funded from the treasury, as specified in a circular released by the Commission in Abuja. In the words of Mr. Ekpo Nta, the Chairman/Chief Executive Officer Read More…
Several financial experts have voiced their support for the Federal Government’s proposal to impose additional taxes on wealthy Nigerians, citing it as a means to enhance the country’s fiscal revenues and promote income redistribution. In separate interviews with the News Agency of Nigeria (NAN) in Lagos, these experts provided their insights. “The government proposal is Read More…
President Xi Jinping of China has committed to increasing investments in Nigeria’s power generation sector and digital economy, following a Belt and Road Initiative forum held in Beijing. According to the office of the Nigerian Vice President, Vice President Kashim Shettima, Nigeria’s National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have Read More…
Sanusi Lamido Sanusi, the 14th Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), expressed his view on the long-term solution to the petrol subsidy removal crisis, saying, “The long-term solution is to reduce dependence on PMS.” He added, “In the short term, the most effective measure to offset the removal Read More…
The Federal Executive Council (FEC) has given its approval for the concession of the Central Workshop in Ijora, Lagos State, aimed at its rehabilitation and optimal operation. The concession will operate under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC). In a statement signed by Manji Yarling, ICRC’s Head of Media and Publicity Read More…
Nigerian company Tethys Ltd. has entered into an agreement with Chevron to serve as the exclusive brand licensee for Texaco lubricants throughout the country. During the Chevron-Tethys Texaco Lubricants relaunch event held in Lagos on Thursday, Mr. Jaap Jan Mohlmann, Manager of Distributor and Export Sales at Chevron, expressed the company’s delight in reentering the Read More…
The Maritime Reporters Association of Nigeria (MARAN) says the effectiveness of $195 million Deep Blue project and others should be evaluated, especially with the resurgence of piracy in the Gulf of Guinea (GoG). Mr Godfrey Bivbere, MARAN President, said this in a statement in Lagos on Thursday. He added that the regional effort; Gulf of Read More…
The Lagos State Government has earmarked N4.64 billion to enhance tourist sites in the state in the current year. Mrs. Toke Benson-Awoyinka, the Commissioner for Tourism, Arts and Culture, made this announcement during the groundbreaking ceremony for the $100 million Lagos Film City in Ejinrin-Epe. Benson-Awoyinka highlighted that several tourist sites, including the J.Randle Centre Read More…
The President of the Renewable Energy Association of Nigeria (REAN), Mr. Ayo Ademilua, has revealed that there are substantial funds amounting to approximately $80 million available for energy projects in Nigeria through various investors. Ademilua made this announcement during the Renewable Energy Investment Matchmaking event held in Lagos with the theme “Energising Partnerships: Connecting Investors Read More…
Heirs Holdings Oil & Gas Ltd. has undergone a transformation and rebranded as Heirs Energies Ltd., complete with a refreshed logo and colour scheme. The change, according to a statement from Mr. Tony Elumelu, Chairman of Heirs Energies, is designed to align with Africa’s distinctive energy requirements and a sustainable approach. Elumelu highlighted the urgency Read More…
