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Monday , 23 April 2018

Press Release

Fashola says Nigerians now enjoy better electricity..Do you agree?


The Minister of Power, Works and Housing, Babatunde Fashola, says when compared to the past, Nigerians currently enjoy better electricity supply. According to the Minister, this is the feedback he has gotten in recent times from right thinking Nigerians. The Minister said the right thinking Nigerians have revealed to him that they now spend less amount of money to power ...

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NNPC: we made trading profit of N250 billion


The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak said the corporation made a trading profit of N250 billion in 2016. Abdulrazak said this in a quarterly publication of the NNPC, a copy of which was obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja. According to him, his ...

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UBA Promotes 2,000 Staff Across Africa


In line with its commitment to reward excellence and high performance, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17% of total staff strength across the group. This is in recognition of the remarkable contribution the staff members have made to the bank’s business growth as highlighted ...

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Buhari’s angry as Lawmakers reports Fashola, Fayemi as non cooperating ministers


The federal lawmakers were a have reported some ministers who they claimed had not been cooperating with them to the President. The source mentioned the Minister of Power, Works and Housing, Mr. Babatunde Fashola; and the Minister of Solid Minerals Development, Dr. Kayode Fayemi, as some of the ministers whose cases came up at the meeting. The source, however, did ...

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Nigerians agonise over dirty, shortage of smaller naira notes

dirty naira note

Quantity of dirty and unfit naira notes in circulation and scarcity of small denominations of N10, N20, N50 and N100 notes, is becoming a major concern to Nigerians, especially those engaged in commercial transactions. These days, even over-the-counter and Automated Teller Machines (ATMs) transactions are disbursing dirty and unfit notes, just as commercial banks and the Central Bank of Nigeria ...

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JAMB Prohibits Sixteen Items In Examination Halls


As part of efforts to improve on the credibility and tamper proof exercise, the Joint Admissions and Matriculation Board(JAMB) has prohibited sixteen (16) items in the coming examination for all registered candidates. In a document made available to PRNigeria, the examination body said candidates who intend to seat for the upcoming examination would be thoroughly scrutinized before entry to forestall ...

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CBN orders Banks’ ATMs to dispense 30k to 50k

western union ATM

Banks and other financial institutions must settle customers’ complaints on overcharge, unauthorised deductions and other matters within two weeks, the Central Bank of Nigeria (CBN) has directed. Mr Tajudeen Ahmed, the CBN Head of Complaints Management Division, broke the news yesterday. Ahmed reiterated the apex bank’s commitment to eradicating excess and arbitrary charges. According to him, the CBN has issued ...

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Nigeria’s foreign reserve rises to $42 billion as @ Feb. 13th – Presidency


In its weekly newsletter release, the Presidency today shared updates and figures to show the level of progress made by the Buhari led administration. Below is a breakdown of the numbers… Central Bank of Nigeria: Nigeria’s foreign reserves have risen to $42 billion as at February 13, 2018, from $40.4 billion as at early January 2018. Ministry of Finance: Nigeria ...

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Bauchi Gov Pays Condolence Visit To Misau

bauchi gov

Governor Mohammed Abubakar of Bauchi State had condoled with the families of the students and teachers of Command Junior Secondary School, Misau who lost their lives in a ghastly motor accident while returning from an excursion in Kano. The Governor, who suspended all official assignments, was in Misau personally to meet with the family of the deceased. Abubakar prayed for ...

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Shell, FIRS settle $16m tax battle out of court

The company logo is seen at a Shell petrol station in south London January 31, 2008.    REUTERS/Toby Melville

Federal Inland Revenue Service of Nigeria, FIRS, and Shell Petroleum Development Company of Nigeria (SPDC) have settled out of court the lingering tax legal battle that has been going on for the past two years. Shell in March 2015 appealed the decision of a tax tribunal on the “deductibility of withholding tax dividends paid on gas profit”. FIRS assessment accused ...

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