The National Assembly has postponed its resumption from the ongoing two-month annual recess to October 9, 2018. The federal legislature, which went on summer recess in July, was scheduled to resume on Tuesday. A top source told our correspondent that the decision followed a meeting by the leadership of the National Assembly on Sunday night.…
President Muhammadu Buhari, on Monday approved the redeployment of four federal permanent secretaries to various ministries. Mrs Winifred Oyo-Ita, Head of Civil Service of the Federation, made this known in a statement in Abuja. She stated that Alhaji Mu’azu Abdulkadir, Permanent Secretary, Federal Ministry of Mines and Steel has been redeployed to Federal Ministry of…
The Nigerian cotton industry will soon receive an investment of $2bn (N610bn) that will enable the country to create its first ever cotton value chain sector. Already, a Memorandum of Understanding has been signed between the Ministry of Industry, Trade and Investment and Shandong Ruyi International Fashion Industry.
Source: Punchng.com
The Federal Inland Revenue Service (FIRS) has collected N12.66 billion in tax revenue.The Executive Chairman, FIRS, Tunde Fowler, disclosed this at the weekend when he received the new Minister of Finance, Hajia Zainab Ahmed during his spot visit to Revenue House, FIRS headquarters in Abuja. Fowler spoke as Hajia Zainab Ahmed, the new finance minister…
The Federal Government has approved the sum of N22.68bn for the payment of retirement benefits to former workers of liquidated Nigerian Airways Ltd. The amount which was approved by President Muhammadu Buhari is about 50 per cent of the N45.3bn entitlements of the former workers of the company.
Source: Punchng.com
COBCOE Connects team is proud to introduce first African chamber joining COBCOE Connects platform! The Nigerian-British Chamber of Commerce is the foremost bilateral Chamber of Commerce in Nigeria. The Chamber is accredited under the NACCIMA/CIPE, Washington, D.C. USA accreditation programme. There are over 350 corporate members who are found in all sectors of the Nigerian…
International Trade Secretary Dr Liam Fox MP, on Tuesday 21 August, set out how the government will make Britain a 21st century exporting superpower through better use of our overseas network, new online tools and building an extensive business to business network. This comes as the government continues to roll out sector deals as part…
President Muhammadu Buhari on Monday signed the Instrument of Accession to the International Cocoa Agreement, 2010. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists. Shehu said the signing was sequel to the Federal Executive Council’s approval for Nigeria to accede to…
Diamond Bank Plc says it has disbursed over N1bn to Small and Medium-scale Enterprises under the cash flow-based SME lending scheme. The bank said in a statement that the loans were a reiteration of its support for SMEs. The statement said the SME lending scheme, which was launched in January 2017 in partnership with the…
Vice-President Yemi Osinbajo has said that the Federal Government will extend its different loan projects to more low and middle entrepreneurs in the country. He said this during a town hall meeting in Bariga/Somolu, Lagos State to felicitate on the Eid-el-Kabir celebrations. He said, “The other thing we have done is Government Enterprise and Empowerment…