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Sat, May

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INSURGENCY: G7 Nations Pledge £276 Million Assistance For North-East Nigeria

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The G7 Countries comprised of wealthy nations including (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States” have promised £276 million ($389 million) assistant for millions of people affected by the Boko Haram insurgency in North-Eastern Nigeria. According to a statement by the UK High Commission in Nigeria, Catriona Laing, Britain is leading the coordinated effort by the G7 nations to provide humanitarian assistance this year to the region which is most impacted by the insurgency.

NPA Investigation: Buhari Suspends Hadiza Usman As MD

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President Muhammadu Buhari has directed the managing director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman to step aside as MD pending an unfettered investigation into NPA. This was disclosed in a statement by presidential spokesperson, Garba Shehu on Thursday, saying the suspension followed a recommendation by the Minister of Transportation, Rotimi Amaechi who recommended an administrative panel of inquiry to be set up to investigate the management of the NPA.

Okonjo-Iweala Appoints 4 WTO Deputy Directors-General

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Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO) has announced the appointment of 4 Deputy Directors-General. This was disclosed in a statement titled: "DG Okonjo-Iweala announces her 4 Deputy Directors-General".

MDAs Failed To Remit N3Trillion Revenue Into Federation Account – Senate

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The Senate Committee on Finance has revealed that 60 federal government agencies failed to remit a total of about N3 trillion in six years, contrary to provisions of the constitution and Fiscal Responsibility Act. The failure of key revenue-generating agencies to pay what they generated into the Consolidated Revenue Fund (CRF) has been a source of financial bankruptcy of the Federal Government and a cause of huge borrowing, particularly from 2015 to date. Chairman of the committee, Solomon Adeola (APC, Lagos West), who revealed the development to journalists, Yesterday, stated that the breach was uncovered during the panel’s ongoing investigation of remittances by Ministries, Departments, and Agencies (MDAs). The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, Director-General of Budget Office, Ben Akabueze, Auditor-General of the Federation, Idris Ahmed, and other heads of MDAs appeared before the Senate committee during the ongoing probe of revenue remittances by MDAs between 2014 to 2020 and payment of 1% Stamp Duty on all contract awards by the MDAs within the same period.

FG To Commence Distribution Of CBN’s Free Prepaid Meters

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The Federal Government has on Wednesday disclosed that the distribution of the four million free electricity prepaid meters sponsored by the Central Bank of Nigeria (CBN) will soon commence across the country. Mamman Saleh, minister of Power made the disclosure while addressing State House Correspondents after the Federal Executive Council Meeting at the Presidential Villa in Abuja. He explained that the distribution will begin as soon as the ongoing “phase zero” distribution of one million electricity meters is concluded.

Hope As Buhari Directs Expansion Of N-Power To Accommodate 1million Nigerians

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President Buhari has disclosed that his government in an effort to cushion the effect of hardship on Nigeria has directed the expansion of N-Power to accommodate more people from the former 500,000 persons to now 1million people. Buhari made the announcement in his speech to commemorate the year 2021 workers' day celebration.

Nigeria/Ghana: FG Delegation To Visit Ghana Over Traders’ Conflict

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President Muhammadu Buhari has directed a ministerial delegation to be sent to Ghana to resolve the lingering conflict between Nigerian traders and the Ghanaian authorities. In a statement on Monday by the Special Assistant to the Minister of Industry, Trade and Investment on Media, Mr. Ifedayo Sayo, disclosed that the minister, Otunba Adeniyi Adebayo will lead the delegation to Ghana.

NNPC Debunk Fuel Hike, Say Negotiation With Labour Not Concluded

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The Nigerian National Petroleum Corporation (NNPC) has today disclosed that contrary to some claims on the price of petroleum across the country, it says the corporation is maintaining the N162/litre price until negotiations are over with the organised labour.

Nigeria’s Unemployment Rate Leaps To 33.3 Per cent In Q4 2020

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Nigeria, Africa’s largest economy, has been ranked third on a list of countries with the highest unemployment rate globally. The country’s unemployment rate hit a new record high at 33.3 per cent in the fourth quarter (Q4) 2020 from 27.1 recorded in the second quarter (Q2) 2020. The Nigerian Bureau of Statistics (NBS), Monday, released the Q4 unemployment report and it indicated that no fewer than 23.18 million Nigerians either did nothing or worked for less than 20 hours a week, making them unemployed during the fourth quarter (Q4) 2020.

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