Thisday Newspaper News Today Tuesday 10th December 2019
Top Nigeria news Dailies Update from Thisday Newspaper News Today 10/12/19
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Moody’s Assigns Negative Outlook to African Banks in 2020
Obinna Chima The 2020 outlook for African banks has changed to negative from stable, reflecting their weakening operating environment, Moody’s Investors Service stated in a report published yesterday. The global rating agency noted that economies in the continent have remained sluggish with negative business sentiment and trade uncertainty clouding growth prospects. According to a statement,
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Improve Business Environment to Drive Industrialisation, Elumelu Insists
The Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and United Bank for Africa Group (UBA), Mr. Tony Elumelu, yesterday advised African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries to drive industrialisation and wealth creation in member states. He said this while presenting the keynote
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As Dangote Sets Pace in Refinery Construction
Chineme Okafor writes that recent developments in the 650,000 barrels a day (bd) refinery project of Dangote Group suggest the project could define how best to build largescale refineries in years to come across the world For decades, most advanced refineries and petrochemical plants globally have been coming online in China, Saudi Arabia and India.
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Izomor: Why Oil Industry Must Jettison Lowest Bidder Concept
Mr Godwin Izomor is the Managing Director of MG Vowgas group, an operator in the oil and gas sector. In this interview, he speaks about challenges facing indigenous companies in the sector. Emmanuel Addeh brings the excerpts: You have a huge facility here. What is the investment profile like? The Ncdmb under-quoted our company at
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FG: We’ll Block Oil Sector Fraud, Tax Evasion with Ownership Register
Chineme Okafor in Abuja The federal government has said disclosing the real owners of oil gas, and mining assets in the country through the Beneficial Ownership register will help it to deal with cases of corruption, illicit financial flows and tax avoidance in the sector. The Minister of Finance, Budget and National Planning, Mrs. Zainab
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RMAFC: Govs Entitled to 300% of Basic Pay as Severance Allowance
•Says state assemblies empowered to make laws for govs’ pensions •To review political office holders’ remunerations Dike Onwuamaeze Amid the controversy over payment of jumbo pensions to ex-governors in the face of fiscal crisis in the states, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday clarified that the severance allowance of the former chief
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Soyinka Centre, Osinbajo Suspend Award
Iyobosa Uwugiaren in Abuja The Wole Soyinka Centre for Investigative Journalism (WSCIJ) and Vice President Yemi Osinbajo yesterday agreed that in view of uproar generated by the re-arrest of the leader of the Revolution Now Movement, Mr. Omoyele Sowore, by the Department of State Services (DSS) last Friday, it had become inappropriate to proceed with
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Buhari Orders Publication of FG’s Daily Financial Transactions
•Says corruption, conflict banes of Africa’s development • Falana: USA, UK, others sustaining graft in Nigeria Ndubuisi Francis, Alex Enumah in Abuja and Sunday Ehigiator in Lagos In a fresh initiative to enthrone greater transparency in government business, President Muhammadu Buhari yesterday directed the Office of the Accountant General of the Federation (OAGF) to publish
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INEC Optimistic on Electronic Collation, Transmission of Results in 2023
•Omo-Agege, Malami promise quick amendment to Electoral Act Onyebuchi Ezigbo in Abuja The Independent National Electoral Commission (INEC) has expressed optimism that the use of smart card reader machine and electronic collation of results would be legally possible in the 2023 general election. INEC’s position is coming as both the Attorney General of the Federation
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Blackout Looms as Electricity Workers’ Ultimatum Expires
Deji Elumoye, Chuks Okocha and Onyebuchi Ezigbo in Abuja Workers in the electricity industry are set to go on a strike, which would disrupt electricity supply nationwide, following the expiration of their 21-day ultimatum to the federal government. The workers had given the 21-day ultimatum for the government and managements of other players in the
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