FEC Approves Establishment of Nigerian Youth Investment Fund

InvestingNewsFEC Approves Establishment of Nigerian Youth Investment Fund

Beloved John (Staff Writer)July 23, 2020

The Federal Executive Council has approved the establishment of the Nigerian Youth Investment Fund (NYIF) to the tune of N75 billion. The NYIF, which will operate as a youth bank, will create a financial support base for innovative youths aged 18 to 26. Minister of Youth and Sports Development, Mr Sunday Dare disclosed this to State House Correspondents on Wednesday after a Federal Executive Council (FEC) meeting, nothing that youths with ideas and innovation can...

CONTINUE READING
DEVELOPING: 2021 Budget: Senate Gives Deadline to Buhari

EconomyNewsPoliticsDEVELOPING: 2021 Budget: Senate Gives Deadline to Buhari

Bada Yusuf Amoo (Correspondent)July 22, 2020

The President of the Senate, Ahmad Lawan, has asked President Muhammadu Buhari to ensure the submission of the 2021 national budget before the end of September this year. The Senate President states this while referring to the 2021-2023 Median Term Expenditure Framework and Fiscal Strategy Paper, which were submitted to the Federal Parliament by Buhari on Tuesday to the relevant committees of the Senate for necessary legislative steps. He noted that the presentation of the...

CONTINUE READING
10 to Compete for $10,000 NASFAT’s BUILD Initiative Competition

BusinessNewsNigeria10 to Compete for $10,000 NASFAT’s BUILD Initiative Competition

PilotnewsJuly 22, 2020

The  NasruLahi-l-Fatih Society (NASFAT) says the stage is set for 10 successful quarter-finalists to compete for the 10,000 dollars winner’s prize in the maiden edition of its BUILD (BUsiness Incubation LaunchpaD) Initiative. Mr Fatai Olayemi, the Chairperson of the Initiative, made this known in a statement on Tuesday. According to Olayemi, BUILD is a way of seeking entrepreneurs and startups with innovative solutions, entrepreneurial mindset and can-do spirit. “BUILD is also a big idea or solution that has the potential to positively impact Muslims, Muslim...

CONTINUE READING
COVID-19: Nigeria’s Broadcast Stations May Close Shop, Says BON

BusinessCoronavirusCOVID-19: Nigeria’s Broadcast Stations May Close Shop, Says BON

Ibrahim Abdul' Aziz (Correspondent)July 19, 2020

By all indications, the financial burden heaped on the broadcasting industry by the outbreak of the COVID-19 pandemic may result in the closure of a vast number of broadcast operators in Nigeria. The chairperson of the Broadcasting Organization of Nigeria (BON), Hajiya Sa’a Ibrahim, during a media interactive session organized by NUJ Kano state council , said broadcast stations have recorded dwindling revenue generation which has further incapacitated the stations from exercising their financial responsibilities...

CONTINUE READING
Kogi Govt. Directs Own Media to Cover MDAs at Minimal Costs

BusinessPress * MediaKogi Govt. Directs Own Media to Cover MDAs at Minimal Costs

PilotnewsJuly 18, 2020

Kogi Government on Saturday directed its owned media organisations to cover the activities of the state’s Ministries, Departments and Agencies (MDAs) at reduced costs. The State Commissioner for Information and Communications, Mr Kingsley Fanwo, who gave the directives during a meeting with the management of state media organisations in Lokoja, said the directives were to enable the MDAs to project more of government programmes and activities to the people. Fanwo stressed that the management of...

CONTINUE READING
Nigeria Government Inaugurates WTO Campaign Team for Okonjo-Iweala

BusinessNewsNigeriaNigeria Government Inaugurates WTO Campaign Team for Okonjo-Iweala

Bada Yusuf Amoo (Correspondent)July 17, 2020

The Federal Government on Thursday inaugurates a campaign team to develop strategies for Dr. Ngozi Okonjo-Iweala as she prepares to contest for the position of Director-General of the World Trade Organization. The campaign strategy team was inaugurated in Abuja by the Minister of Industry, Trade and Investment, Richard Adebayo. The minister says it is vital to inaugurate the campaign team to ensure that the Nigerian candidate emerged as the DG of the WTO. The minister...

CONTINUE READING
Osun Suspends Salaries of Athletes and Contract Coaches of State-owned Clubs as COVID-19 Bites Hard

CoronavirusEconomyNewsOsun Suspends Salaries of Athletes and Contract Coaches of State-owned Clubs as COVID-19 Bites Hard

Adeola Oladipupo (Correspondent)July 15, 2020

The Osun State government has notified the State’s sports council of its decision to stop the payment of salaries of athletes and coaches of state-owned clubs — Osun United and Osun Babes. The letter which was addressed to the acting General Manager of the State Sports Council, Rotimi Dunmoy, was also sent to the Secretary of Osun United, the Media Officer of Osun United, Tajudeen Amodu, confirmed, according to the Nation. “Payments to staffers on...

CONTINUE READING
How Gokada’s CEO Was Trailed and Murdered by a Masked Person – Police

BusinessLifestyleNewsHow Gokada’s CEO Was Trailed and Murdered by a Masked Person – Police

Adeola Oladipupo (Correspondent)July 15, 20201

Investigators and witnesses have revealed more details about how a victim identified as Fahim Saleh, co-founder and CEO of Gokada, a Lagos-based motorcycle hailing technology startup company, was discovered brutally murdered in his condominium on Manhattan’s Lower East Side in New York on Tuesday. Mr Saleh’s sister found his body dismembered with a chain saw when she decided to go check on him after she did not hear from him for a whole day, according...

CONTINUE READING
Nigeria’s Unclaimed Dividends Hit N158.44bn in 2019

InvestingNewsNigeriaNigeria’s Unclaimed Dividends Hit N158.44bn in 2019

PilotnewsJuly 14, 2020

The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively by NAN from the Securities and Exchange Commission (SEC) show that the figure is still on the increase in spite of e-dividend registration introduced by SEC in 2015. NAN reports that dividend is the distribution of a portion of the company’s earnings, decided and managed by the...

CONTINUE READING
Lagos Begs Doctors to Suspend Strike, Resumes Work

HealthJobsNewsLagos Begs Doctors to Suspend Strike, Resumes Work

Bada Yusuf Amoo (Correspondent)July 14, 2020

The Lagos State Government has begged the striking doctors, under the aegis of Medical Guild, Lagos to suspend their strike. The state Commissioner for Information, Mr. Gbenga Omotosho, in a statement, assured residents of the state that services to all state-owned health facilities could still be accessed as negotiation is ongoing. The statement reads in part, “It is pertinent to note that the state government expresses extreme disappointment that the Guild continued with their warning...

CONTINUE READING

Newer Posts

Older Posts

WP2Social Auto Publish Powered By : XYZScripts.com