Federal teachers protest unpaid salaries

Federal teachers protest unpaid salaries

About 15,000 teachers from three South Western states working under a Federal Teachers’ Scheme yesterday protested in Ibadan over non-payment of their salaries by the Universal Basic Education Commission, UBEC.
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US shows interest in Nigeria’s auto policy

US shows interest in Nigeria’s auto policy

As a follow-up to the recent visit of President Muhammadu Buhari to the United States of America, USA, officials of the Economic Affairs Department of US Embassy in Nigeria visited the headquarters of National Automotive Council, NAC, in Abuja recently to make enquiries on the Nigerian Automotive Industry Development Plan, NAIDP, with a view to informing the investment decision of American government and its business community.

Crisis rocks YABATECH: Drama as EFCC reacts to petition against Rector

Crisis rocks YABATECH: Drama as EFCC reacts to petition against Rector

The reaction by the Economic and Financial Crimes Commission (EFCC), that it was already investigating the petition of the Civil Liberties Organisation (CLO), over alleged financial impropriety and abuse of office by the Rector, Yaba College of Technology, YABATECH, Lagos, Dr. Margaret Ladipo, caused a mild drama at the Lagos office of the anti-corruption agency, last Tuesday.

World Bank approves $700m for Sankofa gas project

World Bank approves $700m for Sankofa gas project

The World Bank has approved $700m for the development of the Sankofa offshore gas project in Ghana. The guarantees includes $500m from the International Development Association (IDA), and $200m from the International Bank for Reconstruction and Development (IBRD), to support the state-run Ghana National Petroleum’s (GNPC) gas purchases and the Sankofa project to secure private financing.

NERC to penalise DISCOs for rejecting power allocation

NERC to penalise DISCOs for rejecting power allocation

ABUJA: The Nigerian Electricity Regulatory Commission, NERC, has read the riot act to any Electricity Distribution Company, Disco, that rejects electricity allotted it by the System Operators, SO, especially when there was no prior notification for such rejection. The Commission in a statement issued weekend in Abuja, warned that it will impose financial penalties on any defaulting electricity distribution company.

Enugu principal protests posting, alleges victimization

Enugu principal protests posting, alleges victimization

Enugu—THE School of Psychiatric and Mental Health Nursing, Federal Neuropsychiatric hospital, Enugu has been thrown into crisis with accusations and counter-accusations between the principal of the school, Mrs. Cecilia Oduburu and the management of the school, following her re-deployment.

WAEC releases May/June results, 38.68% obtained credits in five subjects

WAEC releases May/June results, 38.68% obtained credits in five subjects

LAGOS — The West African The Head of Nigerian Office, Mr Charles Eguridu, who disclosed this at its Yaba Office said: ”Of 1,593,442 candidates who sat for the examinations, only 616,370, representing 38.68 per cent, obtained credits in five subjects and above including English Language and Mathematics.”

Kia restates commitment to auto industry

Kia restates commitment to auto industry

According to him, “for the industry to be revolutionalised and contribute immensely to the country’s internally generated revenue, government needs to stay true to the new auto policy and clamp down on the unchecked influx of imported used cars. The Chief Commercial Officer, who disclosed that the company is currently producing nine new Kia models at its plant in Lagos, noted that the company was yet to break even with its investment as the demand for new cars in Nigeria was relatively low compared to pre-owned vehicles.

NNPC’s audits marred by irregularities, lack due process — NRGI

NNPC’s audits marred by irregularities, lack due process — NRGI

Natural Resource Governance Institute, NRGI, has faulted past audits of the Nigerian National Petroleum Corporation, NNPC, describing the audits as questionable and marred by irregularities and lack of due process. NRGI, an independent, non-profit organisation with focus on governance issues in oil, gas, and mining, in a report titled, “Inside NNPC Oil Sales: A Case for Reform in Nigeria,” stated that only national oil companies with strong audit and reporting requirements tend to realise better returns from their operations.