Wednesday, 8 June 2016

FG Starts Recruitment of 500,000 Unemployed Graduates

Latest from the Economic Confidential, the factual, authoritative and accessible economic magazine
 
Social Welfare: FG Starts Recruitment of 500,000 graduates
The Federal Government has announced a take off in the recruitment of 500,000 graduates who would benefit from the N500 billion social investment Programme
 
ECOWAS Court Fines Nigeria $3.3m Over Extra Judicial Killings
The Economic Community of West African States (ECOWAS) court has imposed a fine of $3.3mn on Nigeria over the extra-judicial killing of eight citizens in the Apo District of Abuja, Federal Capital Territory.
 
Senate To Expedite Action On Passage Of Bill To Tackle Poverty
The Senate has pledged its commitment to expeditiously pass the Bill for an Act to Establish National Poverty Eradication Commission to tackle the high rate of poverty in the country.
 
Mass Sack: FG Threatens To Revoke Bank and Telecom  Licenses
The federal government has threatened to withdraw the operating license of any bank and telecommunication company that engaged in mass sack of workers in their employ.
 
Kaduna Lawmakers Get Two Cars Each
The 34 members of the Kaduna State House of Assembly were given two cars each by the state government, Daily Trust findings have shown.
 
NDA Avengers Blows Up Another Chevron Pipeline, Rebuffs FG's Dialogue Move
NIGER Delta Avengers, NDA said it would not negotiate with the Federal Government.
Read: http://economicconfidential.com/2016/06/nd-avengers-blows-another-chevron-pipeline-rebuffs-fgs-dialogue-move/
 
Naira Falls To 361 As Dollar Demand Increases
The naira, which has come under pressure in recent days, fell to 361 against the United States dollar at the parallel market, as traders and investors continued to await details of the proposed flexible foreign exchange policy from the Central Bank of Nigeria
 
Network Failure Looms Over FX scarcity – Telecoms
Lack of access to foreign exchange may soon put the telecommunication sector in serious jeopardy if Government fails to address the issue.
 
 
Contec Global Secures NERC Approval To Build 10mw Gas Plant
CONTEC Global Energy Limited has acquired the requisite approval from the National Electricity Regulatory Commission (NERC) to establish a 10 megawatts gas-based power station in Makurdi.
 
Sokoto To Provide 1,000 Hectares For Grazing Reserve
About 1000 hectares of land is to be provided by the Sokoto State Government for the creation of grazing reserves for herders.
 
Current Lending Rate Not Making Mining Operations Profitable
THE current bank lending rate of 20-27 per cent will not make mining operations profitable in Nigeria.
 
Shell To Remain In Nigeria Despite Attacks, Exit 10 Countries
Royal Dutch Shell plans to end its operations in 10 countries and sell 10 percent of its production as part of a $30 billion asset sale plan by 2018.
 
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