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Minister, lawmakers in shouting match over 774,000 job slots

Chukwu David and Regina Otokpa There was drama at the National Assembly yesterday as members of the Joint Committee of the Senate and House of Representatives on Labour, Employment and Productivity clashed with the Minister of State for Labour and Employment, Mr. Festus Keyamo, over the distribution of job slots designed to reduce the high […]

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IMF: Looming remittances decline’ll hurt Nigerian banks, others

Tony Chukwunyem Deposit Money Banks (DMBs) in Nigeria are likely to see an increase in their cost of operations as well as a reduced ability to extend credit, if as widely projected, the coronavirus (COVID-19) pandemic leads to a drastic drop in remittance flows to developing countries, the International Monetary Fund (IMF) has said.   […]

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Fitch warns over Nigeria, others’ rising debt

Global credit rating agency, Fitch Rat-ings, yesterday warned that govern-ment debt burden across sub-Saharan Africa was rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults. Fitch predicted that the median of government debt-to- Gross Domestic Product (GDP) for the 19 sovereigns […]

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Reps threaten DPR, NAPIMS, PPMC, Chevron CEOs with arrest warrant

Philip Nyam Abuja The House of Representatives has threatened to issue warrants of arrest on the director of Department of Petroleum Resources (DPR), the managing director, National Petroleum Investment Management Services (NAPIMS) over their failure to submit documents to the joint committees on finance, banking and currency.   The joint committee is investigating the alleged […]

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FIRS remits N66bn Stamp Duty collection in 5 months

Abuja The Federal Government has vowed to recover Stamp Duty owed by Ministries, Departments and Agencies (MDAs) and Money Deposit Banks (DMBs).   This is as the Federal Inland Revenue Service (FIRS) confirmed remittance of N66 billion Stamp Duty into federation purse between January and May 2020. The figure was higher than 2019 figure of […]

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Health workers warn of imminent strike

Regina Otokpa Abuja Amidst increase in the number of COVID- 19 infections in the country, the Joint Health Sector Unions (JOHESU) has expressed displeasure over some lingering issues with the Federal Government, indicating a fresh crisis in the health sector. Addressing newsmen in Abuja yesterday, National President of JOHESU   , Joy- Josiah Biobelemoye, who […]

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Buhari: Nigeria’s vulnerable economy haunted by COVID-19

Council cautions on execution of N2.3trn stimulus President flags off $2.592bn AKK gas pipeline project   President Muhammadu Buhari has lamented that the nation’s vulnerable economy was being haunted by the ravaging coronavirus defiscourge.   This came as the Presidential Economic Advisory Council (PEAC), chaired by Prof. Doyin Salami, warned government against impending challenges in […]

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COVID-19: 17 deaths as NCDC confirms 561 new cases

  There were 17 deaths from coronavirus announced on Tuesday night as the Nigeria Centre for Disease Control (NCDC) confirmed 561 new cases of the disease in the country. Edo State, which only recorded 24 cases on Monday, saw a spike taking its number to 119 to finish second behind Lagos which had 200. Kaduna […]

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IMF: Looming remittances decline will hurt Nigerian banks, others

Deposit Money Banks (DMBs) in Nigeria are likely to see an increase in their cost of operations as well as a reduced ability to extend credit, if as widely projected, the coronavirus (Covid-19) pandemic leads to a drastic drop in remittance flows to developing countries, the International Monetary Fund (IMF) has said. The Fund made […]

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774,000 jobs: Lawmakers walk Keyamo out of N’Assembly after heated exchange

*Minister states his own side of narrative, insists only Buhari can tinker with exercise Minister of state for Labour and Employment, Mr. Festus Keyamo, engaged in a shouting with members of the national assembly on Tuesday over the planned recruitment of 774,000 people by the Federal Government. In April, Zainab Ahmed, Minister of Finance, Budget […]

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