EXPERTS: RECESSION TO HIT MAJOR SECTORS OF ECONOMY
As the nation grapples with the adverse effects of its worst economic recession in more than three decades, poverty may worsen while unemployment will rise. Food prices may gallop to…
RECESSION: NIGERIA IS BROKE, CAN’T AFFORD 2021 BUDGET -Atiku
Former Vice President, Atiku Abubakar has advised the executive that the 2021 proposed budget is no longer tenable. He stated that Nigeria is broke and cannot afford the luxurious…
FG PROPOSES TAX INCENTIVES FOR COMPANIES THAT DONATED TO COVID-19 RELIEF FUND
The FG is proposing granting of tax relief to companies that donated to the COVID-19 relief fund under the private sector coalition (CACOVID). The Federal Government, in the new…
BREAKING… NLC, TUC STAGE WALK OUT FROM MEETING WITH FED GOVT
Labour union representatives have on Sunday night, staged a walk-out from a meeting with the Federal Government over the hikes in fuel pump price and the electricity tariff. The…
COVID-19: OIL PRICES DRAG NIGERIA INTO SECOND RECESSION IN 4 YEARS
Nigeria is back in a recession for the second time in four years, no thanks to COVID-19 and the crash in oil prices triggered by the pandemic. The Gross Domestic…
RECESSION: CUT COST OF GOVERNANCE -SERAP Urges Buhari
Socio-Economic Rights and Accountability Project has urged the President, Major General Muhammadu Buhari (retd.), to cut the cost of governance and implement bold transparency and accountability measures in response to…
I LOST OVER N35M TO HISBAH -Beer Distributor Whose Goods were Destroyed in Kano
A distributor, John Simon, tells TED ODOGWU how the destruction of alcoholic beverages by Hisbah (Sharia Police) in Kano State, after it secured a court order to destroy large consignments…
Tax Reduction designed to make Nigerian Economy Attractive -Osinbajo
Vice- President Yemi Osinbajo has said the decision of the Federal Government to slash taxes was aimed at making the nation’s economy more attractive to investors. The Vice President also…
FG exempts ASUU from IPPIS, raises Allowances, Revitalisation fund to N60bn
After weeks of negotiations and foot-dragging, the Federal Government on Friday accepted the demand by the Academic Staff Union of Universities that they be exempted from the Integrated Payroll and…
Ondo Workers issue eight-day Ultimatum over unpaid Allowances
THE organised labour unions in Ondo State on Thursday alleged that the state government had not honoured various previous agreements reached with them over their demands on salaries and…