A new sharing formula for the Federal Government’s 774,000 public work jobs will give governors, federal lawmakers, ministers and other category of people 40 percent of the slots, it was learnt at the weekend. The Presidency, pandering to the lawmakers’ request has given the full responsibility of the picking beneficiaries[Read More…]
The Federal Government posted a fiscal deficit of N488.24billion in April, 169% higher than the benchmark, the Central bank of Nigeria (CBN) said Tuesday. “The fiscal operations of the Federal government in April 2020 resulted in a deficit of N488.24billion compared with the N181.27billion benchmark and its levels of N854.12billion[Read More…]
With the Central Bank of Nigeria (CBN) adjusting foreign exchange rates in search of uniform framework, local demand has hit $1.16 billion on the back of outstanding obligations. Local manufacturers have also warned that many factories may shut down if obligations of over one year to foreign suppliers are not[Read More…]
By Michael Owhoko Praying for Nigeria’s redemption from its current woes is like asking God to prevent a building with defective foundation located in the Lekki area of Lagos from collapse. Even intercessions by best of prayer warriors cannot save such a building. As long as Nigeria continue with[Read More…]
By Olatunde Dodondawa The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020. The corporation, in a release by its Group General Manager, Group Public Affairs Division,[Read More…]
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