The Nigerian naira has continued its downward spiral as it trades at N540 to a dollar at the parallel market on Thursday. The drop comes barely a week after it traded at N530 against the American currency. The exchange rates have been on a downward slope, after the suspension of …
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NNPC Releases 2020 Audited Financial Statements
The Nigerian National Petroleum Corporation (NNPC) has published its Audited Financial Statements (AFS) for the year 2020. A statement by the Group General Manager, Public Affairs Division, Garba Deen Muhammad, stated that the Corporation’s group revenue for 2020 was N3.718 trillion, down from N4.634 trillion in 2019. He attributed the …
Read More »Lagos, Onne Ports To Get Scanners In 2 Weeks – Customs
Barring any last-minute change of plans, the Nigeria Customs Service (NCS), is set to deploy three scanners to Apapa, Tin -Can Island and Onne ports complexes to facilitate trade and cargo evacuation. Recall that the service has been engaging in cumbersome 100 per cent cargo examination for some years now …
Read More »2000 Artisans Upskilled In Lagos, Equiped With Modern Tools And Equipment
Governor of Lagos State, Mr Babajide Sanwo-Olu today attended the 12th Tradesmen and Artisans’ Day and Graduation Ceremony for 2000 upskilled artisans which was held at the Blue Roof, LTV, Agidingbi Ikeja Lagos. – ALL the Graduates went home with modern tools and equipment – Governor Sanwo-Olu donated 3 hectares …
Read More »Kwara’s Growing National Profile
Before transition into a people’s government, through the otoge political revolution in 2019, the only thing most people outside the state of harmony knows about the state is its political godfatherism. Fortunately for Kwara, things are changing and the state’s national profile is taking a new look. In this past …
Read More »Outrage As CAC Spends N7.8bn Above Earnings In Four Years
*Squanders N284.354m in staff uniforms, members allowances *Budgets 155m, 45m on consultancy, Audit fees in 2021. *Reps orders Zero allocation for Agency in 2022 budget. The Corporate Affairs Commission (CAC), one of the revenue generating agencies of the Federal Government, has operated in contradiction as a liability rather than generate …
Read More »Nigeria Second In The World in Romance Scams, Third on Money List
A new study conducted by Techshielder has revealed that Nigeria is the second country in the world with the most reported romance scams, next to the Philippines. Romance scam or Catfishing or dating scam has been defined as creating a fake profile to attract someone online. Fraudsters befriend victims over …
Read More »COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion
The Central Bank of Nigeria has disclosed that it has received over eight million applications from Nigerians for its COVID-19 Targeted Credit Facility to help households and businesses. CBN’s Director, Corporate Communications Department, Mr Osita Nwanisiobi, disclosed this on Saturday, while fielding questions from journalists in Enugu during a one-day …
Read More »EGIL supports local talents, signs Kingdom and Akunna as brand ambassadors
In a show of confidence towards Nigerian talents, Expand Global Industries Limited (EGIL), makers of WAW and Nittol detergents and bar soaps, has signed Nigerian Idol Season 6 winner, Kingdom Kroseide and second runners-up, Akunna Okechukwu as brand ambassadors of its products. This, according to the Managing Director of EGIL, …
Read More »Despite Huge Pay, Senators, Reps, Fleece Aides
• How they ‘corner’ staff ‘s salaries, register relatives on payrolls, doctor documents – Insiders • CSOs kick, call for probe • Salaries are paid to aides directly – N/Assembly Despite receiving huge pays in salaries and allowances, many senators and House of Representatives members engage in underhand deals by …
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