Business

NASENI denies corruption allegation against DG

The management of National Agency for Science and Engineering Infrastructure, NASENI, has denied the recent corruption allegations levelled against its Director General, Prof. Mohammed Haruna.

A newspaper had penultimate week reported that an anti-corruption group, the Corruption Practices Erad [...]

Sun, 30 September 2018


NNPC close to wrapping up funding for AKK project

The Nigerian National Petroleum Corporation, NNPC, has said it is close to wrapping up funding arrangements for the Ajaokuta-Kaduna-Kano, AKK, gas pipeline project.

Group Managing Director of NNPC, Dr. Maikanti Baru, disclosed this while speaking at the 30th edition of Gas Technology Conference [...]

Sun, 30 September 2018


FG inaugurates technical working group for ear treatment

Minister of Health, Prof. Isaac Adewole, has inaugurated a Technical Working Group, TWG, for ear care and hearing health in Nigeria. 

While inaugurating the group recently in Abuja, Adewole tasked the TWG to develop a national strategic plan on ear health care and community based hearing h [...]

Sun, 30 September 2018


AfDB develops new approach to evaluate fragility in member countries

The African Development Bank, AfDB, said it has created and refined a new tool to assess fragility in member countries, while taking into account their capacities and pressures they may be under.

The new tool, the Country Resilience and Fragility Assessment, CRFA, offers a completely new method [...]

Fri, 14 September 2018


NDIC advocates stronger ethical standard in banking

The Nigeria Deposit Insurance Corporation, NDIC, has stressed the need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and professionalism in the banking industry.

Managing Director and Chief Executive of the NDIC, Umaru I [...]

Fri, 14 September 2018


DisCos chide NERC, face regulatory duties

The Nigerian Electricity Regulatory Commission, NERC, have been asked to concentrate on cost under-recovery and other burning regulatory issues, rather than dissipate energy on activities of unions under its purview.

This advice was given by the Association of Nigerian Electricity Distributors, [...]

Fri, 14 September 2018


Salary arrears: FG bars states from Paris Club Refund

States with backlog of salaries arrears may be excluded from accessing the final tranche of $2.689 billion Paris Club Refund recently approved for the 36 States of the Federation.

The Federal Ministry of Finance had in a statement confirmed that the sum of $2.68billion was approved as final pay [...]

Fri, 14 September 2018


Minister justifies his employee’s appointment in World Bank project

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, has absolved himself of any form of misconduct in the handling of the World Bank sponsored, Growth and Employment, GEM, Programme.

Enelamah was reacting to a petition by a federal lawmaker, Hon. Mark Gbillah, accusing him of di [...]

Fri, 14 September 2018


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