After wasting billions, NNPC invites fresh bids for failed electronic management platform

After wasting billions, NNPC invites fresh bids for failed electronic management platform

After wasting billions in almost a decade, the Nigerian National Petroleum Corporation has, again, invited fresh bids to provide support services for its failed enterprise resource solution initiated to deepen accountability in its business processes. The Systems, Applications, Products, SAP enterprise resources planning system is an electronic management solution initiated by the Obasanjo administration to monitor real-time operation of […]

Inflation rate becoming unbearable, says Tinubu

Inflation rate becoming unbearable, says Tinubu

The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has urged the Federal Government to bring Nigeria out of the throes of recession by urgently reviewing its monetary policies. Tinubu spoke on Wednesday as a guest lecturer at the National Defence College Course 25 lecture, titled, “Strategic Leadership: My Political Experiences.” He argued […]

We won’t abandon economic recovery plan – FG

The Minister of Budget and National Planning, Udo Udoma, has said that there is a strong political will on the part of the federal government to implement the Economic Recovery and Growth Plan. Udoma said that the plan which would be launched by President Muhammadu Buhari next month was vital as it would help to […]

#Nigeria has ‘notionally’ hit 7,000 MW of electricity – #Fashola

#Nigeria has ‘notionally’ hit 7,000 MW of electricity – #Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, says the sabotage of power assets by militants has prevented the nation from generating 7,000 MW of electricity. The minister, who disclosed that the nation’s power grid could now support 6,500 MW debunked claims that the capacity of the nation’s power grid is not more than […]

Naira depreciates further against dollar

Naira depreciates further against dollar

The Naira on Thursday remained indifferent to the sale of over $250m to licensed Bureau De Change operators nationwide as it suffered another loss against the dollar. The Naira inched against the dollar at the early hours of Thursday morning by 2 points but could not sustain the gain as it shed 3 points to […]

Efforts to save Naira have failed – IMF

Efforts to save Naira have failed – IMF

blames Nigerian economy woes on poor managemet The International Monetary Fund has said that efforts to save the naira by rationing foreign exchange have failed. The IMF stated this in its policy paper on macroeconomic developments and prospects in low-income developing countries on Thursday. The fund attributed economic failures in the country to “delayed/poorly managed […]

Nigeria Inflation rate hits 18.55% – NBS

Nigeria Inflation rate hits 18.55% – NBS

The National Bureau of Statistics on Friday released the Consumer Price Index which measures inflation with the index rising by 18.55 per cent in the month of December. The bureau in the report which was made available to our correspondent in Abuja said the 18.55 per cent is an increase of  0.07 percentage points over […]

Fuel depots shut down as NUPENG starts nationwide strike

Activities at fuel depots across the country have been disrupted by a three-day warning strike by the Nigeria Union of Petroleum and Natural Gas Workers, which started today. The strike is to protest against anti-Labour practices in the oil and gas sector. As a result of the strike loading of petroleum depots across the nation […]

Edo to introduce POS for revenue collection, set to employ 10,000

Edo to introduce POS for revenue collection, set to employ 10,000

Edo State Governor, Mr. Godwin Obaseki has set up a modality for the employment of 10,000 persons in the first phase of his 200,000 job promise, in fulfillment of his electioneering campaigns, it emerged yesterday. Besides, government says it would establish an electronic platform that will collect revenue by the means of Point of Service […]

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