NSE Employees Pays Medical Bills of Kids at SOS Children’s Village

By Adedapo Adesanya President Bola Tinubu has increased the initially proposed monthly allowance for federal civil servants from N25,000 to N35,000. The money is still to be paid monthly for six months. The increment was announced in a statement by the Minister of Information, Mr Mohammed Idris. This development came less than 24 hours after Mr Tinubu on his first Independence Day broadcast on Sunday morning announced the monthly payment of N25,000 allowance to junior civil servants to cushion the effect of the impact of petrol subsidy removal. He said the allowance would be paid for six months. However, after

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Adedapo Adesanya An initiative to boost youth employment and shore up Nigeria’s foreign exchange (FX) earnings has been introduced by the Nigerian government. The scheme, the National Talent Export Programme (NATEP), was unveiled over the weekend at the Microsoft Office in New York, United States of America by the Minister of Industry, Trade and Investment, Mrs Doris Uzoka-Anite. She said the programme would position Nigeria as an export hub for talent outsourcing in Africa following the example of India, Bangladesh, Mexico and The Philippines. Mrs Uzoka-Anite noted that NATEP is a key national initiative that will serve as a

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Modupe Gbadeyanka No fewer than 40,000 direct and indirect jobs are expected to be created from the execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project worth $17 billion. Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, who made this disclosure, said this development will go a long way to boost the nation’s economy. The NCDMB boss said further that, “The NLNG Train-7 will deliver 100 percent engineering of all non-cryogenic areas in-country. The total in-country engineering man-hours is set at 55 percent which exceeds the minimum level stipulated in the

By Modupe Gbadeyanka The total value of pension assets in Nigeria has risen to N9.58 trillion in the third quarter of this year from N9.03 trillion in the first quarter of 2019. This revelation was made by the National Bureau of Statistics (NBS) in a report released this week. From the numbers, the debt instruments issued by the federal government contributed 71.43 percent, with FGN Bonds taking 46.71 percent and treasury bills 23.62 percent. In value terms, out of the N9.58 trillion pension assets, N6.85 trillion is from FGN securities, with FGN Bonds gulping N4.48 trillion and T-bills N2.26 trillion.

By Modupe Gbadeyanka The 11 economic bills now receiving accelerated consideration by the 8th Senate will help to create 7.5million jobs and reduce poverty by 16.4 percent when passed into law, Senate President, Mr Bukola Saraki has said. The number three man disclosed this in his welcome address to his colleagues on resumption from their Christmas and New Year recess on Tuesday. He urged the relevant committees to fast-track the priority Bills so they can be passed and submitted to the executive alongside the 2017 budget. According to a statement by his Chief Press Secretary, Mr Sanni Onogu in Abuja,

By Dipo Olowookere The Nigerian chapter of International Facility Management Association IIFMA) is planning to celebrate the 2018 World Facility Management Day with the students of the Government Technical College, Agidingbi, Ikeja, Lagos on May 16, 2018. This is part of the strategies for capacity development and the need to inspire the next generation of Facility Managers. The theme for the celebration is ‘Enabling Positive Experiences: Inspiring the Technical Students for a better tomorrow.’ Speaking during an interview, President of IFMA, Engr Pius Iwundu, stated that the World FM Day has become a veritable platform that promotes the importance of

By Dipo Olowookere The Nigeria Police Force has confirmed retrieving the mace stolen on the floor of the Senate on Wednesday by hoodlums allegedly led by Senator Ovie Omo-Agege. This came less than the 24-hour deadline given to the security operatives by the Senate to recover the mace. A statement issued on Thursday morning by the Deputy Force Public Relations Officer of the Force Headquarters in Abuja, SP Aremu Adeniran, disclosed that the Senate’s symbol of authority was recovered from where it was dumped under a bridge in Abuja. It was disclosed that the police a tipoff from passers-by, who

By Modupe Gbadeyanka The $2.1 million West Africa Sugar Development (WASD) project embarked upon by the National Sugar Development Council (NSDC) has finally been completed. NSDC, in its efforts to reposition the Nigerian sugar sub-sector and reinvigorate the productive capacities of the industry to enable it compete effectively with other highly developed sugar industries of the world, secured a grant of $2.1 million from an intergovernmental finance agency of the United Nations, the Common Fund for Commodities (CFC) out of which the CFC was to provide the sum of $1.6 million, while the participating institutions, the CNRA Abidjan, NCRI, Badeggi

By Dipo Olowookere Minister of Finance, Mrs Kemi Adeosun, has disclosed that not less than N330 billion is needed by the Federal Government every month to meet its recurrent obligations. The Minister revealed that these obligations include salaries, debt servicing and statutory transfers. She made this disclosure on Thursday in Abuja while speaking at the 14th Daily Trust Dialogue with the theme, ‘Beyond recession: Towards a Resilient Economy.’ However, Mrs Adeosun noted that the FG has been unable to generate enough revenue to meet these obligations. She said this has left the government with no choice than to borrow to

By Adedapo Adesanya The applications for the next Apple Entrepreneur Camp for Female Founders and Developers have opened. The Apple Entrepreneur Camp was established with the goal of supporting entrepreneurs who are underrepresented in technology as they build the next generation of cutting-edge apps, and to form a global network that encourages the pipeline and longevity of founders and developers of all backgrounds. The heart of Apple Entrepreneur Camp is an intensive technology lab working one-on-one with Apple experts and engineers to significantly accelerate your app. The event will see participants hear from Apple executives and leaders on a variety