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PIA: DPR Scrapped As Senate Confirms Appointment Of NURC Board Members

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President Muhammadu Buhari has replaced the Department of Petroleum Resources (DPR) with the Nigerian Upstream Regulatory Commission (NURC). This was disclosed on Wednesday by the Senate President, Ahmed Lawan during the confirmation of board members of NURC.

VAT Controversy: Northern Governors Meet Today To Suggest Way Forward

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The Northern Governors Forum have today set for an emergency meeting in Kaduna state to discuss issues bordering on the value Added Tax (VAT) that have stirred a controversy in the Nigerian political space recently. The Coordinator of the Forum Secretariat who also doubled as the secretary to the plateau state government, Professor Danladi Atu, confirmed the meeting yesterday saying it will be hosted by Governor Nasiru El-Rufa’i of Kaduna state. This is coming as some senior lawyers have berated the Attorney General of the Federation, Abubakar Malami, who declared that no state has the power to collect the VAT.

Crude Oil Theft: FG To Deploy Army, Navy And Civil Defence Against Illegal Refiners

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Following the unabated oil theft in the Niger-Delta region, the Federal Government has said it will deploy Army, Navy and civil defence to fight against the economic saboteurs. Consequently, the FG has set up an Inter-Ministerial Committee on the recovery of all illegally refined products being produced in the creek of the Niger-Delta region. Accordingly, those who were drafted to constitute the committee include members from the Nigerian Army, Navy, Civil Defence Corps and the Federal Ministry of Defence. Representatives from the Federal Ministry of Justice were not left behind, Environment, Nigerian National petroleum Corporation (NNPC), the Department of petroleum Resources (DPR) and the National Oil Spill Detection and Response Agency were also co-opted into the team.

President Buhari Appoints Yakusak As NEPC CEO

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President Muhammadu Buhari approved the appointment of Dr. Ezra Yakusak as the new Executive Director/Chief Executive Officer of the Nigeria Export Promotion Council (NEPC). This was disclosed on Tuesday by the Senior Special Assistant on Media and Publicity to the President, Garba Shehu. According to the presidential aide, the appointment is for an initial term of four years and would take effect from November 27, 2021. 

CBN Postpones eNaira Launch

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The Central Bank of Nigeria (CBN) has on Thursday announced the postponement of the launch of the country's digital currency, eNaira. The postponement comes after ENaira Payment Solutions, an online payment firm filed a lawsuit before the Federal High Court against the apex bank over the name "eNaira".

COVID-19: Nigeria To Access $750M World Bank Loan

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The federal government has commenced the process of accessing a World Bank loan of $750 million on behalf of its states to aid in mitigating the effect of the COVID-19 pandemic on the local economy. The Minister of finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed said in a statement this during the inauguration of the Federal Steering Committees of the Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) in Abuja.

FG To Conduct Population Census Next Year

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Following the approval of the N178.09 million in the 2022 Appropriation bill, the national population and housing census will hold next year after a 15-year hiatus. The Minister of Finance, Budget, and National Planning, Zainab Shamsuna Ahmed said this on Friday during the public presentation and breakdown of the 2022 Budget in Abuja, saying President Muhammadu Buhari is expected to make a proclamation on the planned 2022 headcount exercise.

FG Says Collection Of VAT By FIRS Remains

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The Federal Government has said the Federal Inland Revenue Service (FIRS) will maintain the status quo and continue to collect Value Added Tax (VAT), the Attorney-General of the Federation, Abubakar Malami announced. Malami made the announcement while speaking to the press in New York, United States on the lingering disagreement over the collection of VAT between Rivers State Government and the FIRS.

NPA: Tin-Can Island, Onne Port, Others On The Verge Of Collapse

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The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko stated that several ports including Tin Can Island, Onne, Calabar, and Delta ports require funds to prevent their total collapse. This was disclosed in a statement on Sunday by NPA’s General Manager, Corporate and Strategic Communications, Olaseni Alakija. The statement reads, “We are facing decaying port infrastructure, for example, sections of the quay aprons or walls at Tin Can Island Port, Onne, Delta and Calabar ports are collapsing and require huge funds to repair them.

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