The Nigerian Content Development Monitoring Board (NCDMB) has announced that plans have been put in place to introduce a new financing scheme, which will address the gaps in the Bank of Industry (BOI) funding initiative of the the oil and gas sector.
NEPC Trains Dried Beans Farmers On Export Guidelines
The Nigeria Export Promotion Council (NEPC) on Tuesday 12th, February 2019 disclosed that it has trained "dried beans farmers" and its merchants in the North East geo-political zone on export guidelines.
Food Crisis Rocks Jalingo IDP Camp
Food crisis has rocked the Internally Displaced Persons (IDPs) Camp located in Negatavah Government Primary and Secondary School in Jalingo, the Taraba State capital. According to Sunday Punch, IDPs living in the camps currently go from house to house to beg for food. The report said children looked malnourished as some mothers have resorted to menial jobs and begging to get food.
FG Introduces Price Checker Portal to Enhance Procurement Process
The Bureau of Public Procurement (BPP) in collaboration with the Efficiency Unit of the Federal Ministry of Finance has introduced a 'Price Checker' portal to integrate and monitor prices of commodities to ensure transparency in the public procurement process.
FG, States, LGCS Share N649.198bn For Dec 2018
A total of N649.198 billion has been distributed as Federal Allocation for the month of December 2018 among the Federal Government, State Governments and Local Government Councils.
PMB to Re-inaugurate Revived Aluminum Firm
President Muhammadu Buhari is set to re-inaugurate the revived Aluminum Smelting Company of Nigeria (ALSCON), in Ikot Abasi, Akwa Ibom State. According to NAN, the re-inauguration will enable the company to commence production after being moribund for over a decade.
N2.5 Billion Scandal: Probe Lai Mohammed Now, PDP Charges Buhari
The Peoples Democratic Party, PDP, has called on President Muhammadu Buhari to direct the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to investigate the Minister of Information and Culture, Ahaji Lai Mohammed over the N2.5 billion National Broadcasting Corporation, NBC, scandal.
CHI LTD Acquired By COCA-COLA
Coca-Cola Company has finally acquired Chi Ltd. It can be recalled that Coca-Cola first announced a minority investment in Chi sometime in 2016 and, as planned, has now acquired full ownership of the company.
Buhari Transmits New Minimum Wage Bill To NASS
President Muhammadu Buhari has transmitted a bill for the amendment of the country’s minimum wage law to the National Assembly. According to Dailytrust, the move was in line with the pledge by the Federal government to the organised labour to do so on January 23, this year.
Nigeria And Some Other African Countries Set To Form "Africa OPEC"
On 28th January 2019 Federal Government of Nigeria disclosed that it is working with other oil and gas producing countries in Africa, under the auspices of African Petroleum Producers Organization (APPO) to raise between $1 to $2 billion to finance energy projects and boost collaboration among African countries.
FG To Question Atiku Over Bank PHB
The Federal Government on Friday said the Peoples Democratic Presidential Candidate Alhaji Atiku Abubakar has questions to answer over the collapse of the Bank PHB. The Minister of Information and Culture, Alhaji Lai Mohammed who briefed State House correspondents at the presidential villa, Abuja, accused the PDP Presidential candidate of benefiting from N156 million slush funds through Claremont Management Services Account on 13th January 2009.