Business

Massive fraud in Lagos: LWC spent N24m on grass cutting, N70m on MD’s office renovation

. AUPCTRE kicks against water privatisation

By Valentine Amanze

How corruption paralysed Lagos water sector, by AUPCTRE

.Spent N24m on grass cutting, N70m on renovation of MD’s office

By Valentine Amanze

Council of state approves N27,000 as new minimum wage

The national Council of State has approved N27, 000 as the new minimum wage.
The council gave the approval at its first meeting of the year on Tuesday.
In December 2018, the tripartite committee had recommended N30, 000 as minimum wage.

Business Nigeria's $15 billion oil refinery is on trrack, says Dangote

Nigerian billionaire Aliko Dangote said he’s on schedule to finish by next year his $15 billion oil refinery, which will be one of the world’s biggest, despite analysts saying the timeline is ambitious.

“There are quite a lot of challenges, but we’re moving,” Dangote told reporters at a conference in Paris about the plant, which is being built near Lagos, Nigeria’s commercial capital, and designed to process 650,000 barrels of crude daily. “We’re still targeting next year for commissioning.”

Obaseki's industrialisation drive receives boost from China's Belt, Road Initiative

.Benin Industrial Park, Benin River Port, others top China's list of projects

NGO, NAFDAC, SON sensitize women on entrepreneurship in Bauchi

By Ahmed Ahmed

ERA/FoEN kicks against Lagos, IFC new infrastructural deal

By Valentine Amanze

World Bank forecasts 2.2% GDP growth for Nigeria in 2019

Nigeria’s real Gross Domestic Product (GDP) growth will expand by 2.2 per cent in 2019, the World Bank said in its annual Global Economic Prospects published yesterday, slightly upgrading the country’s projected growth rate from 2.1 per cent in June 2018.
The bank also said growth in Sub-Saharan Africa would increase to 3.4 per cent in 2019, due to improved investment in large economies together with continued robust growth in non-resource intensive countries.

Nigerians angry with Buhari over ownership of Etisalat, Keystone Bank

Nigerians are angry with President Muhammadu Buhari for ‘deceiving them with an austere lifestyle while he is a man of immense wealth.’

Their anger is linked to allegations by the opposition’s People’s Democratic Party (PDP) that family members of the president were used to acquire shares in Etisalat and Keystone Bank.

2019 budget is built on a very shaky foundation – Atiku

Former Vice President Atiku Abubakar says the proposed budget of the Muhammadu Buhari administration for 2019 is built on a ‘shaky foundation’.
He said this in a critique titled, ‘My Takeaways from Budget 2019’ obtained by Channels Television on Sunday.
“The proposed budget as presented is fundamentally flawed,” said the presidential candidate of the Peoples Democratic Party (PDP).
“It deliberately ignores and fails to address current realities and pretends, as Mr President asserts, ‘we are on the right direction.”

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