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Nigeria’s Capacity To Service Debt Very Weak – LCCI

Nigeria’s Capacity To Service Debt Very Weak - LCCI       The Director-General of the Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, says Nigeria’s debt profile is unsustainable. Yusuf said this in an interview with Channels TV. The video of the interview was posted on the television...

Nigerian Insurers Settle N4bn #EndSARS Claims

Nigerian Insurers Settle N4bn #EndSARS Claims       The Nigerian Insurers Association has said insurance companies have so far paid N4bn claims from the estimated losses from #EndSARS protests in October last year. The Chairman, NIA, Mr Ganiyu Musa, disclosed this during a virtual press briefing in Lagos...

Fed Govt Harmonising, Not Cutting Salaries — Ahmed

Fed Govt Harmonising, Not Cutting Salaries — Ahmed       The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the federal government is harmonising salaries of ministries, departments and agencies (MDAs) and not a pay cut. A statement from Yunusa Tanko Abdullahi, her Special...

FEC Okays N6.2bn For Six Electricity Projects

FEC Okays N6.2bn For Six Electricity Projects       The Federal Executive Council yesterday approved contracts worth $8.29m as well as N3bn for the execution of various electricity projects across the nation. The Minister of Power, Saleh Mamman, said the projects, most of which are procurement of equipment...

Foreign Direct Investment Dipped By $30m In January – CBN

Foreign Direct Investment Dipped By $30m In January – CBN       Foreign Direct Investment dipped by 33.3 per cent which amounted to $30m in January, latest statistics obtained from the Central Bank of Nigeria revealed on Wednesday. According to figures obtained from the CBN’s January report on...

Labour Rejects Move By FG To Cut Salaries

Labour Rejects Move By FG To Cut Salaries       Workers have kicked against a move by the Federal Government to cut their salaries as well as reduce the number of federal agencies. They registered their opposition yesterday through the Nigeria Labour Congress (NLC) in a reaction to...