NSITF again! President Buhari sacks MD and four directors of NSITF on allegations of fraud

President Muhammadu Buhari has approved the indefinite suspension of the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund, Mr Adebayo Somefun The sack was delivered by ministry of Labour and productivity. They are the Executive Director, Finance and Investment, Mr Jasper Ikedi Azusalam; Executive Director, Operations, Mrs Olukemi Nelson, and Executive Director, Administration,[...]

Read More

NSITF again! President Buhari sacks MD and four directors of NSITF on allegations of fraud

President Muhammadu Buhari has approved the indefinite suspension of the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund, Mr Adebayo Somefun The sack was delivered by ministry of Labour and productivity. They are the Executive Director, Finance and Investment, Mr Jasper Ikedi Azusalam; Executive Director, Operations, Mrs Olukemi Nelson, and Executive Director, Administration,[...]

Read More

NSITF again! President Buhari sacks MD and four directors of NSITF on allegations of fraud

President Muhammadu Buhari has approved the indefinite suspension of the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund, Mr Adebayo Somefun The sack was delivered by ministry of Labour and productivity. They are the Executive Director, Finance and Investment, Mr Jasper Ikedi Azusalam; Executive Director, Operations, Mrs Olukemi Nelson, and Executive Director, Administration,[...]

Read More

The mystery of economic diversification in Nigeria- Perekunah Eregha

Nigeria is Africa’s largest economy with a GDP of about $447 billion.  The economy grows on an average of 2.0 percent with a disproportionate population growth of about 3.0 percent resulting in a low standard of living as measured by real GDP per capita of $2,200 compared to South Africa with a real GDP per[...]

Read More

Covid-19: Nigerian govt begins prison decongestion across the country

As part of efforts to decongest Nigerian prisons, President Muhammadu Buhari, on Thursday, granted presidential pardon to 2,600 inmates nationwide. The Minister of Interior, Rauf Aregbesola, said this at a press conference on Abuja. He said after the release of the first phase, the committee would continue to meet regularly to consider those who deserve[...]

Read More

Covid-19: President Buhari approves recruitment of 774,000 Nigerians and orders Customs to release seized bags of rice for distribution all over the country

President Buhari has approved the recruitment of 774,000 Nigerians on special public works programmes and ordered the Nigeria Customs Service (NCS) to release for immediate distribution, bags of rice seized from smugglers. This directive is part of the palliative measures by the Federal government to cushion the effect of the COVID-19 pandemic in the country.[...]

Read More

Abacha loot: UK backs US, opposes FG’s plan to pay Bagudu $110m

The United Kingdom has joined the United States in resisting a plan by the Nigerian government to give Kebbi State Governor, Atiku Bagudu, about $110m (N41.8bn) out of the $155m (N58.9bn) stolen by late dictator, Sani Abacha, Bloomberg reports. The US, the UK and Nigeria are involved in a dispute over investment portfolios worth $155m[...]

Read More

Immigration boss Babandede test positive for corona virus

The Comptroller-General of Immigration,  Muhammed Babandede, has tested positive for coronavirus. The CG, who disclosed this in a WhatsApp message to our correspondent this morning, explained that he is already on self-isolation since he returned from the United Kingdom on March 22. Babandede confirmed the development to the The PUNCH on phone. He stated, “Today, I[...]

Read More

South Africa imposes 21-day total lockdown as coronavirus cases spike

 South Africa will impose a nationwide lockdown for 21 days from midnight on Thursday to try to contain the coronavirus outbreak, President Cyril Ramaphosa said on Monday, as the number of confirmed cases jumped by 128 to 402. Ramaphosa said in an address to the nation that South Africa needed to escalate its response dramatically[...]

Read More

Brent Crude crashes to $24.09/pb

The price of crude oil continue to nose dive in the global market with its latest value at $24. This causality of the corona virus spread has the implication of grinding the world economy to a halt. This is especially for oil producing countries such as Nigeria that solely depend of crude for its revenue[...]

Read More