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All posts tagged "abuja"

  • MTN fined N90m for poor network

    The Nigerian Communication Commission (NCC) has imposed a N90 million fine on one of the major telecommunication provider, MTN for poor service delivery in the month of December last year. Mr Tony Ojobo, the Director Public Affairs...

    • Posted March 23, 2013
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  • FG to share $2bn Excess Crude Account with states, local govts

    The National Economic Council Thursday approved sharing of  between $1billion and $2billion from the excess crude account amongst the federal, state and local governments. Governor Godswill Akpabio of Akwa Ibom State, who disclosed this to state House...

    • Posted March 22, 2013
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  • CBN retains MPR, CRR at 12% and Liquidity Ratio at 30%

    The Central Bank of Nigeria (CBN) at the end its monthly Monetary Policy Committee (MPC) meeting took a drastic decision of retaining the Monetary Policy Ratio (MPR),Cash Reserve Requirement (CRR) at 12% and Liquidity Ratio at 30%...

    • Posted March 20, 2013
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  • Non-oil sector projected to contribute N1.7trillion in 2013

    Nigeria’s non oil sector is projected to rake N1.742 trillion into the national treasury, going by estimates in the recently signed 2013 budget. Presenting a budget breakdown in Abuja, Coordinating Minister for the Economy and Minister of Finance,...

    • Posted March 11, 2013
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  • $67b foreign reserve: Presidency moves against Ezekwesili

    The Presidency may have moved against former Minister of Education, Dr. Oby Ezekwesili, over her allegations that the Federal Government under the late Umaru Musa Yar’Adua and Goodluck Jonathan squandered the over $67 billion left by the Olusegun...

    • Posted March 10, 2013
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  • FG to establish 18 cassava processing industries

    The federal government is to collaborate with the private sector to establish 18 cassava processing industries with machines that can process 240 tonnes of cassava per day. Olusegun Adewunmi, the President, Nigeria Cassava Growers Association (NCGA), stated this in...

    • Posted March 7, 2013
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  • FG Uncovers 45,000 Ghost Workers

    The Federal Government says it discovered 45, 000 ghost workers from 251 Ministries, Depatments and Agencies of government under the integrated Payroll and Personal Information system, IPPIS. This was disclosed by the Minister of state for Finance,...

    • Posted February 14, 2013
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  • Airlines in fierce competition for customers as Valentine approaches

    Dana, Arik, Aero and other airlines operating in Nigeria have each slashed fares to attract customers this valentine season. While Arik reduced fares by 13 percent, Aero takes N9,000 to Lagos from Abuja while Dana is charging...

    • Posted February 13, 2013
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  • Pension fraud: Maina tackles Senate over comments

    Embattled chairman of the Pension Reform Task Team Abdulrasheed Maina has explained that his decision to drag the Senate to court does not mean he has planned to ridicule government’s policy to transform the pension sector. A...

    • Posted February 11, 2013
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