• PENGASSAN serves strike notice over labour issues

    Ife Ogunfuwa
    The Petroleum and Natural Gas Senior Staff Association of Nigeria has issued a 21-day ultimatum to employers in the oil and gas industry to address lingering anti-labour issues or face a nationwide strike.
    The strike notice was served by the senior staff trade union after its Central Working Committee meeting in Abuja.
    According to a statement by the PENGASSAN National Public Relations Officer, Fortune Obi, on Sunday, the 21-day ultimatum to stakeholders in the oil and gas industry
  • Auditors to get N8.7bn for recovering N58bn into Federation Account

    Everest Amaefule, AbujaAuditors who helped to recover N58bn into the Federation Account are to receive N8.7bn for their efforts, investigation has revealed.
    The amount represents 15 per cent of the recovery, which the auditors helped the government to make from banks that failed to remit the money into the Federation Account.
    The Revenue Mobilisation, Allocation and Fiscal Commission recently announced that the auditors helped it to recover N58bn, which the banks collecting revenues on behalf of
  • How ICT can transform future of elections, by NCS president

    Chinenye Anuforo; chinenyeanuforo@gmail.com 08063768550, 07054965005
    As the 2019 elections draw closer, there is no doubt that putting in place relevant ICT infrastructure for the application of adaptable technology in electoral processes will go a long way to ensure transparency and credibility of the process.
    According to Mr. Adesola Aderounmu, president, Nigeria Computer Society (NCS) and centre leader, World Bank-designated Centre of Excellence in Software Engineering, it is a welcome develo
  • Diamond Bank targets more customers with digital products

    With 64 million adult Nigerians financially excluded according to World Bank statistics, Diamond Bank Plc has said it is focusing on tapping into this opportunity and bring in more people into the banking system.
    According to Executive Director, Business Development, Diamond Bank, at the Digital PayExpo last week in Lagos, Mrs. Chizoma Okoli, dealing with financially excluded individuals is really difficult because they do not have anything to do with bank. And so, in dealing with them, it provi
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  • Moghalu promises more technology investment to boost economy

    Chinenye Anuforo
    Professor Kingsley Moghalu, the former deputy governor of Central Bank of Nigeria and Young Progressive Party presidential flagbearer, has promised to improve businesses and create jobs in the country through massive investment in technology, entrepreneurship and education reform.
    Speaking during a tour of Ikeja Computer Village in Lagos with the President, Phone and Allied Products Dealers Association of Nigeria, Iyke Nwosu, the presidential hopeful reiterated the need to refor
  • Komputer Village Magazine debuts July 1

    Komputer Village Magazine is launching July 1, 2018 in a pioneering drive to introduce a dedicated publication promoting Nigeria’s largest technology market, Computer Village, Ikeja located in the heart of Lagos.
    Technology Times Media Limited (TTML), owners of Technology Times, iSpace Magazine announced that the monthly Komputer Village Magazine is the latest addition to its print, digital, Internet and events properties focused on promoting Nigeria’s rising contributions to the glo
  • We’re working to achieve reliable national network – Adebayo, ALTON president

    Chinenye Anuforo; Chiamaka Ajeamo
    Mr. Gbenga Adebayo is the chairman of the Association of License Telecommunication Operators of Nigeria (ALTON), the umbrella union for all providers of telecommunication services and infrastructure as well as others who support the industry. In this interview with Daily Sun Tech & Gadgets, Adebayo said ALTON was working to ensure the provision of reliable, robust and resilient national network and would need support from government to ensure sustainability.
  • FG releases over N1.58trn to MDAs from 2017 budget

    Omodele Adigun; Uche Usim
    With capital allocation of over N523,billion, the Federal Ministry of Power, Works and Housing got the lion share of over N1.58 trillion capital vote released to Ministries, Departments and Agencies (MDAs) in the 2017 Federal budget.
    Minister of Finance, Mrs. Kemi Adeosun, who made this known yesterday in Abuja, said the N1.58 trillion represented total capital releases for 2017, out of which 33.1 per cent was released to Power, Works and Housing, which was remarkably h
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  • MAN accuses Adeosun of foisting IMF’s agenda on Nigeria

    …Says 275,000 jobs under threat
    Adewale Sanyaolu
    The last may not have been heard of the over 500 percent hike in excise duty on local alcoholic beverages as the Distillers and Blenders Association of Nigeria (MAN) a sub-sectoral group of the Manufacturers Association of Nigeria (MAN) has accused the Minister of Finance, Mrs. Kemi Adeosun, of foisting International Monetary Fund (IMF) agenda on Nigeria.
    Chairman of Distillers and Blenders Association of Nigeria (DIMAN), Mr. Patrick Anegbe
  • Fraud: MDAs to authenticate tax certificates before payment – Adeosun

    Uche Usim, Abuja
    In line with its anti-graft efforts, the Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes. 
    The Minister of Finance, Mrs. Kemi Adeosun, who gave the directive in a circular on Tuesday said it was in response to the proliferation of forged TCCs purpo
  • Lack of accurate documentation can hamper foreign trade –NSC

    George Onyejiuwa, Owerri
    The Executive Secretary of the Nigerian Shippers’ Council (NSC), Hassan Bello, has said that one of the most crucial components of successful international business transaction is accurate documentation.
    Speaking in Owerri, the Imo State capital, Bello said that NSC has not only acted as arbiter but has provided a level playing ground for competing interests in the port sector by managing transition to a competitive market and has been fair to all parties through p
  • Local banks should build capacity for infrastructure financing, says Igwilo

    Chibuike Kelechukwu
    In 2014, the National Integrated Infrastructure Master Plan estimated that financing Nigeria’s infrastructure would gulp $2.9 trillion next 30 years. At N360 per dollar exchange rate, government therefore requires N36 trillion annually for 30 years to meet infrastructure development needs of the country.
    Traditional funding from budgetary allocations to different levels of government can no longer meet this huge infrastructure requirement with the lean resources at gove
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  • JCI to honour 10 outstanding Nigerians

    Ozioma Ubabukoh
    Not less than 10 Nigerians will be honoured at the 2018 edition of the annual ‘JCI Ten Outstanding Young Persons of Nigeria Awards’.
    Junior Chamber International Nigeria disclosed this in a statement, saying that the date for the awards ceremony had been fixed for August 25, 2018.
    The 10 honourees were selected for the different categories of the awards, including Personal Improvement and Accomplishment; Academic Leadership and Accomplishments; Medical Innovations; an
  • CIA inducts Caleb varsity VC as member

    The Chartered Institute of Administration has inducted the Vice-Chancellor, Caleb University, Prof. Ayandiji Aina, into its fellowship cadre and as a member of the College of Fellows.
    The CIA said Aina’s election by the governing council of the institute was a testimony to his “impeccable and distinguished worth as an administrator par excellence, a patriotic leader, mentor and bridge builder.”
    Speaking during the induction ceremony, the President and Chairman of Council, CIA,
  • Leadway Assurance CEO bags HR award

    Ozioma Ubabukoh
    The Managing Director and Chief Executive Officer, Leadway Assurance, Mr. Oye Hassan-Odukale, was named the ‘HR Champion of the year’ at the 2018 HR People Magazine Award.
    Receiving the award on his behalf, the company’s Human Resources Director, Kunbi Adeoti, said the feat was achieved because of Hassan-Odukale’s commitment to the promotion of human capacity development in the organisation.
    Adeoti said, “Mr. Oye Hassan-Odukale understands the need t
  • Stock market finishes lower as 34 firms lose

    ’Femi Asu
    The equities market of the Nigerian Stock Exchange finished lower at the close of trading on Tuesday, after a two-day public holiday.
    The market capitalisation of listed equities dropped to N14.006tn from N14.101tn on Thursday, while the NSE All-Share Index fell by 0.68 per cent to close at 38.664.15 basis points.
    Thirty-four stocks recorded losses on Tuesday, with Prestige Assurance Plc leading the pack as its share price declined by 6.25 per cent to close at N0.60.
    Union Diagno
  • RenCap initiates coverage on Flour Mills, three others

    Renaissance Capital, an emerging and frontier markets investment bank, has initiated coverage on the shares of Flour Mills of Nigeria, Dangote Sugar Refinery, Dangote Flour Mills and NASCON Allied Industries.
    According to a statement on Tuesday, the coverage aims to provide investors with the in-depth analysis necessary to make informed investment decisions.
    The initiation report stated that the main driving forces of a boost to margins and growth in the short-term include a stable foreign excha
  • Fidelity Bank unveils initiative to ease payment

     ’Femi Asu
    Fidelity Bank Plc has launched a payment solution, Flashkey, which allows customers to make payments or transfers by using their phone keyboards.
    The bank said in a statement that the initiative was designed to allow customers send money and pay bills using their phone keyboards without recourse to the online banking platform installed on their mobile devices.
    The Chief Executive Officer, Fidelity Bank Plc, Mr Nnamdi Okonkwo, said, “We are constantly innovating to bet
  • FBNQuest Asset Management highlights investment opportunities

    FBNQuest Asset Management, a subsidiary of FBN Holdings Plc, has announced the commencement of an investment awareness campaign tagged, ‘#BuildingTogether’.
    The firm said in a statement on Tuesday that the initiative was aimed at providing Nigerians with extensive insights on “retail and institutional investment opportunities that will help them take advantage of what the markets currently offer”.
    The Managing Director/Chief Executive Officer, FBNQuest Asset Management, M
  • NNPC repairs pipeline, power generation increases by 1,304MW

    Okechukwu Nnodim, AbujaPower generation has risen to 3,876.9 megawatts after the Nigerian National Petroleum Corporation fixed the gas pipeline that was ruptured on Friday, which supplies gas to most thermal electricity generating plants in the country.
    Data obtained from the Transmission Company of Nigeria in Abuja on Tuesday showed that the country’s power generation increased by 1,304.3MW, as it moved up from the 2,572.6MW recorded on Sunday to 3,876.9MW on Monday, which was the latest
  • Employ more Air Traffic Controllers, stakeholders tell FG

    Maureen Ihua-Maduenyi
    Stakeholders in the aviation industry have asked the Federal Government to, as a matter of urgency, increase the number of Air Traffic Controllers in the country.
    In a communique issued following the recently held Q2 2018 Business Breakfast Meeting of the Aviation Round Table Initiative, in Lagos, the stakeholders noted that “the government should, as a matter of urgency and critical safety concern, address the shortfall in Air Traffic Controllers and engineers.&rdquo
  • First Bank to help 10,000 visually impaired Nigerians

    Ifeanyi Onuba, Abuja
    First Bank of Nigeria Limited on Tuesday unveiled plans to deepen its intervention in the health sector with the empowerment of 10,000 visually impaired Nigerians.
    The 10,000 visually impaired low-income Nigerians, according to the bank, will be provided with free pairs of eye glasses.
    The glasses are to be distributed to them within a period of two years.
    Speaking in Abuja during the launch of a partnership with Vision Spring, the firm that will supply the glasses, the Exec
  • 2017 budget: N1.58tn released for capital projects, says FG

    Ifeanyi Onuba, Abuja
    The Federal Government on Tuesday said it had released N1.58tn to its Ministries, Departments and Agencies for the execution of capital projects as contained in the 2017 budget.
    The Minister of Finance, Mrs Kemi Adeosun, gave the figure in a statement issued in Abuja.
    The 2017 budget, christened ‘Budget of Recovery and Growth’, was presented to the National Assembly on December 14, 2016, and passed by the lawmakers on May 11, 2017.
    The fiscal document, which was
  • Rice millers, LCCI, Sani differ on border closure decision

    Anna Okon
    Rice millers in the country have welcomed the decision of the Federal Government to shut the nation’s borders with an unnamed neighbouring country in an effort to stem the influx of smuggled rice and grow the local industry.
    However, the Senator representing Kaduna Central Senatorial District, Shehu Sani, and the Director-General, Lagos Chamber of Commerce and Industry, Mr Muda Yusuf, said closing the borders would not be the solution to rice smuggling.
    The Minister of Agricultur
  • Verify tax certificates before paying contractors, FG tells MDAs

    Ifeanyi Onuba, Abuja
    The Federal Government on Tuesday issued a directive to all its Ministries, Department and Agencies to verify the authenticity of Tax Clearance Certificates presented by contractors engaged by it before payment could be made to them.
    The Minister of Finance, Mrs Kemi Adeosun, gave the directive in a circular issued in Abuja.
    The directive is in response to the proliferation of forged TCCs, purportedly issued prior to the automation of the certificates.
    The government had on
  • I want healthy rivalry between Toyota, JAC – Ade.Ojo

    Rasheed Bisiriyu
     The Chairman, Toyota Nigeria Limited, and founder of Elizade Nigeria Limited, Chief Michael Ade.Ojo, has challenged his son, Demola, who is leading the Elizade Autoland in pushing a new baby of the company, the JAC, to make the Chinese brand another household name among automobile lovers in Nigeria.
     He spoke in Lagos after receiving a T6 JAC pickup as part of the 80th birthday gifts from the Elizade Autoland team in appreciation of what his reputation had done to the
  • I want healthy rivalry between Toyota, JAC – Ade Ojo

    Rasheed Bisiriyu
     The Chairman, Toyota Nigeria Limited, and founder of Elizade Nigeria Limited, Chief Michael Ade.Ojo, has challenged his son, Demola, who is leading the Elizade Autoland in pushing a new baby of the company, the JAC, to make the Chinese brand another household name among automobile lovers in Nigeria.
     He spoke in Lagos after receiving a T6 JAC pickup as part of the 80th birthday gifts from the Elizade Autoland team in appreciation of what his reputation had done to the
  • Getting rid of annoying Ads on Android devices

    Anna Okon
    Not every ad you see on your Android device is annoying. You may actually be interested in an ad or two you come across, but some apps just take things excessively far. They bombard you with content you are not even slightly interested.
    Below are Android apps that work to get those ads off your phone, according to www.maketecheasier.com.
    Free AdBlocker Browser
    Free AdBlocker Browser is a completely free and effective ad-blocker. It is very easy to use since it blocks ads as soon as you
  • FG directs MDAs to authenticate Tax Certificates before payment

    The Federal Government has mandated all Ministries, Departments and Agencies (MDAs) of government and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes.
    The post FG directs MDAs to authenticate Tax Certificates before payment appeared first on Vanguard News.