The Manufacturers Association of Nigeria (MAN), yesterday pleaded for a rate cut to revive the sector, stressing that the Monetary Policy Rate (MPR) at 14 per cent by the apex bank would retard the sector’s growth.
President Frank Jacobs, president of MAN, told the News Agency of Nigeria (NAN) in Lagos that the 14 per cent MPR would not boost domestic production.
He said maintaining the present rate would prevent manufacturing from coping with the current recession.
Central Bank Governor Godwin Emefiele had […]
Constitutional Lawyer and Human Rights Activist, Mike Ozekhome, SAN, Thursday urged President Muhammadu Buhari to further reduce the cost of governance by selling four more Presidential Aircrafts from the remaining nine in the presidential fleet.
He said it was good that President Buhari handed over two of the Aircrafts to the Nation’s Airforce considering the huge cost of maintaining them, lamenting that the country spends over a billion naira monthly to maintain the Presidential fleet.
The activist made the remarks while delivering […]
London to Lagos may be massive 4,292 miles in distance but with the help of the following free apps on iPhone, you can make that distance disappear.
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Downside: If your friends and family back in Nigeria aren’t using […]
There are strong indications that the Joint Admission and Matriculation Board (JAMB) may approve the reduction of 180 cut-off mark for admission to tertiary institutions.
The Registrar and Chief Executive of JAMB, Prof. Is-haq Oloyede, who made the disclosure during the 2nd Technical Committee Meeting for 2016 Admissions to Tertiary Institutions in Nigeria, at the Alvan Ikoku College of Education, Owerri, stated that the decision became imperative as a result of the inability of some of the institutions to implement the […]
Nigeria is presently in short supply of 600,000 tons of dairy milk and is partnering with major national and international stakeholders in the dairy sector to inject a considerable volume and drastically reduce importation of milk in 2019, the Federal Government has said.
The Minister of Agriculture and Rural Development, Audu Ogbeh, represented by the Director of Animal Production and Husbandry Services, Dr. Egejuru Eze, said this during the just concluded two-day multi-stakeholders roundtable conference in Abuja with the theme: “Milky […]
United States Government has announced the sum of $92.73 million in developmental assistance to support the five-year $2.3 billion agreement signed with the Federal Government in 2015.
The U.S. Embassy in a statement on Tuesday in Abuja, said the amount was being provided through the U.S. Agency for International Development (USAID).
The embassy explained that the money brought the total of development assistance provided in the agreement to 474.74 million U.S. dollars.
“This funding will continue to help Nigeria reduce extreme poverty in […]
It was gathered that the kidnappers of four students, a teacher and the Junior School Principal of Lagos State Model College, Igbonla in Epe, Lagos State have reduced their ransom demand to N30 million.
Sources put the initial demand at N120 million.
The abduction was carried out on Thursday as the school was resuming.
It was gathered that while one of the parents was told to produce N20 million, another was asked for N10
In a message posted on Facebook and Twitter to mark the ‘World Teacher’s Day’ on Wednesday, the senator representing Bayelsa east, Ben Murray-Bruce, has called on the President Muhammadu Buhari-led federal government for a reduction in the salaries of politicians.
The chairman of Silverbird group who lamented the plight of teachers, saying they deserve better pay, added that Nigeria would be a better country if teachers were properly remunerated.
“Nigeria has some of the highest paid politicians and some of the lowest […]
Minister of finance, Kemi Adeosun, has spoken out in support of the proposal for Nigeria to sell off some of its national assets to raise funds to reflate the economy out of recession, saying the move will reduce government borrowing.
Adeosun made this comment during a meeting with business editors of some national dailies in Abuja over the weekend.
She said the federal government, after undertaking a medium term expenditure framework and debt strategy, discovered that the country can no longer rely […]
According to reports, the Anambra State Governor, Willie Obiano, on Monday said the All Progressives Grand Alliance would field a presidential candidate in the 2019 general election.
Obiano, who is also the Chairman, Board of Trustees of the party, said if voted into power, an APGA national government would reduce the cost of a bag of rice to N9,000.
He stated this in Awka, the Anambra State capital, during the inauguration of ‘Governor Willie Obiano Support Group’, Awka South Chapter.
Represented by his […]
The Ebonyi command of the Federal Road Safety Commission (FRSC) on Wednesday reiterated its resolve to ensure that road crashes were reduced in the state.
Its Sector Commander, Mr Charles Abuochi, told the News Agency of Nigeria (NAN) in Abakaliki that it would deal with traffic offenders to ensure that the safety of all road users was guaranteed.
Abuochi said that officers and men of the command were adequately mobilised and equipped to enforce extant traffic codes to guarantee the safety of […]