: CBN
: CBNThe Central Bank of Nigeria (CBN) has disclosed that more than fourhundred companies have so far benefited from the two hundred billion nairaintervention fund for re-financing and resuscitation of the manufacturingsector out of this, one hundred and ninety eight billion naira has beendisbursed.The…
Effective Water Transportation’ll Boost Vision 20:2020’bbi State
‘Effective Water Transportation’ll Boost Vision 20:2020’ By Charles AjunwaAnambra State governor, Mr. Peter Obi, has said that efficient inland water transportation is necessary in the transformation of the national economy to actualise Vision 20:2020. In a statement signed by his Special Assistant on Media, Mr.…
Title: EFCC
Title: EFCCThe Economic and Financial Crimes Commission has invited three moresuspects in the alleged sixty-one point six-three billion nara fraudrocking the Ondo State Oil Producing area Development Commission(OSOPAPDEC).The commission said it has moved all the fifteen exotic vehicles retrievedfrom OSOPADEC’S chairman Mr. Debo…
World Bank
World BankThe African Union (AU) has thrown its weight behind Nigeria’s coordinatingminister of the economy and minister of finance Dr. Ngozi Okonjo-Iweal forthe soon-to-be vacant presidency of world bank.Reports say prime minister of Ethiopia Meles Zenawi, the chairperson ofthe African union commission dr. Jean…
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Title: EFCC
The Economic and Financial Crimes Commission has invited three more
suspects in the alleged sixty-one point six-three billion nara fraud
rocking the Ondo State Oil Producing area Development Commission
(OSOPAPDEC).
The commission said it has moved all the fifteen exotic vehicles retrieved
from OSOPADEC’S chairman Mr. Debo Ajimuda to the state police headquarters
in Akure, the state capital.
Ajimuda who has been in detention in the last one week, was granted bail
yesterday by the anti-graft agency while three key officials in the
accounts department of OSOPADEC were summoned for interrogation by the
EFCC.
Power
Minister of power professor Bart Nnaji has directed the managing director
of Power Holding Company of Nigeria (PHCN) and chief executive of the
eighteen firms created out of the company utility to pay the fifty per
cent salary increase to its workers this week.
Prof. Nnaji in a letter to PHCN executives said the funds for the three
months have been made available.
Reports say the federal government accepted to pay for the first three
months to enable the successor companies adjust to new salary structure.
However, there are indications that the government and the union of junior
workers may clash over the implementation of the new salary.
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