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President Buhari presides over 24th virtual FEC Meeting

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President Muhammadu Buhari is currently presiding over the 24th virtual Federal Executive Council, FEC meeting at the Council Chamber, Presidential Villa, Abuja. Physically present at the meeting are Vice President, Yemi Osinbajo, Secretary to the Government of the Federation, SGF, Boss Mustapha, and the Chief of Staff to the President, Prof. Ibrahim Gambari.

FG: Lufthansa, Air France To Resume Flights Into Nigeria

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The Minister of Aviation, Hadi Sirika announced in a series of tweets that the Federal Government has given Lufthansa, Air France, and KLM approval to resume international flights into Nigeria. The tweet read, “We are working with the Ministry of Health, CACOVID, and The PTF to open Kano, Port Harcourt, and possibly Enugu airports before the end of the year. Also Lufthansa, Air France/KLM have been given go-ahead to resume. Qatar Airways is approved to start Abuja. Thank you for your patience.

Image of President Muhammadu Buhari

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President Muhammadu Buhari has on Thursday signed the Banks and Other Financial Institutions Act 2020 into law. This was disclosed on Friday by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu in a statement titled “President Buhari assents to Banks and Other Financial Institutions Act 2020”. Shehu said the new law repeals the extant Banks and Other Financial Institutions Act 1991 as amended. The statement read in part “The BOFI Act 2020 updates the enabling law in response to developments and significant evolution in the financial sector over the last 2 decades.

For Economy To Bounce Back, We Have To Increase Productivity — FG

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The Federal Government on Tuesday said that for the country to experience any form of growth and bounce back speedily from the effects of the COVID-19 Pandemic, there has to be an increase in productivity. It said this will counteract the effect of the COVID-19 Pandemic and the age-long challenges of underdevelopment in the country.

Income Tax: FG Exempts Minimum Wage Earners

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President Buhari has disclosed that part of the proposal of the year 2020 finance bill is to exempt the minimum wage earners from paying Personal Income Tax to reduce the impact of inflation on their purchasing power. Buhari stated this in Abuja yesterday through his Vice President, Prof. Yemi Osinbajo during the 26th Nigerian Economic Summit Group Conference which was titled: ‘Building Partnership for Resilience’.

The Recession Would End By First Quarter Of Next Year – Finance Minister

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The Minister of Finance, Zainab Ahmed said the recession slid into by the Nigerian economy recently would be shot lived. Ahmed stated this today at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning.

NNPC Assures Nigerians Of Sufficient Petrol Supply During And Beyong Yuletide Season

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The Nigerian National Petroleum Corporation (NNPC) has allayed fears of possible petrol scarcity brought to bear by ongoing disagreement between the Federal Government and oil workers under the auspices of Petroleum and Natural Gas Senior Staff Association (PENGASSAN), over the implementation of the Integrated Payroll and Personnel Information System (IPPIS). Dr. Kennie Obateru, NNPC spokesman, in a statement, on Tuesday, in Abuja assured that the industrial action would not lead to non-availability of petroleum products at fuel stations and depots.

Electricity Tariffs: FG Commences Free Meter Distribution In States

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In line with the determination of President Buhari to fulfil his promise of metering all Nigerian consumers of electricity and end estimated billing, free distribution of electricity meters will commence today abreast with the inauguration of the scheme in Eko, Ikeja, Kano and Kaduna electricity distribution companies. A source in the presidency who spoke o condition of anonymity stated that this free distribution would be carried out under the banner of ‘National Mass Metering Programme”.

COVID-19 Update: Nigeria Records 340 New Cases, Toll Now 51,304

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The Nigeria Centre for Disease Control, NCDC, on Friday night confirmed 340 new cases of Coronavirus in Nigeria. Data by NCDC revealed that the latest cases were confirmed in 19 states across the country. Kaduna has the highest number with 63, followed by the Federal Capital Territory, FCT, with 51 and Plateau State with 33. States that made up Friday’s figure include Plateau-38, Lagos-33, Delta-25, Gombe-21, Adamawa-21, Edo-20, Katsina-17, Akwa Ibom-11, Ekiti-10, Rivers-9, Ondo-5, Ebonyi-4, Cross River-3, Ogun-3, Sokoto-2, Imo-2 and Nasarawa-2.

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