AfrikNews

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Renewed Inflationary Pressure Key Focus of MPC’s Meeting

Renewed Inflationary Pressure Key Focus of  MPC’s Meeting The renewed inflationary pressure in the country is expected to be among the key focus at the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting which commences in Abuja today. The outcome of the two-day meeting would be announced tomorrow. Evidence suggests that higher inflation […]

NPDC Boss Removed, 49 Others Affected In NNPC’s Major Shake-up

NPDC Boss Removed, 49 Others Affected In NNPC’s Major Shake-up There has been a massive reorganisation of the top management staff of the Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been removed or replaced. It was learnt that the Managing Director of the Nigerian […]

Oil Workers To FG: Beware Of Monumental Industrial Crisis

Oil Workers To FG: Beware Of Monumental Industrial Crisis Oil workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers have warned the Federal Government of “a monumental industrial crisis.” NUPENG condemned what it described as “the perceived threat by the Minister of Labour and Employment, Dr Chris Ngige, to proscribe […]

2,122 Depositors Petition Banks, Demand N334bn, $420m Claims

2,122 Depositors Petition Banks, Demand N334bn, $420m Claims About 2,122 bank customers lodged complaints against their banks to the Sub–Committee on Ethics and Professionalism of the Chartered Institute of Bankers of Nigeria between 2001 and 2018. The CIBN disclosed this in its 2018 annual report and accounts which it released on Saturday. The committee was […]

FG Restructuring Financing Arrangement For Nigeria Air, Says Sirika

FG Restructuring Financing Arrangement For Nigeria Air, Says Sirika The Minister of State for Aviation, Senator Hadi Sirika, says the Federal Government is working on restructuring the financing arrangement for the national carrier as proposed by the Federal Executive Council. Sirika said FEC had studied the Outline Business Case report of the project and directed […]

Finance Minister – FG, States, LGs Got N5.5tn In Eight Months

Finance Minister – FG, States, LGs Got N5.5tn In Eight Months   Between September 2018 and April this year, the three tiers of government shared the sum of N5.5tn as revenue allocation from the federation account. The amount, distributed by the Federation Account Allocation Committee, was shared from two major revenue components. They were statutory […]

Future Brand Idol Offers Scholarship to Creative Students

Future Brand Idol Offers Scholarship to Creative Students Experts in the Marketing Communications industry graced the maiden edition of the tertiary institutions Future Brand Idol (FBI) creative contest in Lagos, Nigeria. The contest, which sought to discover and breed young creative talents in Nigerian Tertiary institutions, had five finalists pitch for the ultimate prize out […]