NLC Threatens Nationwide Protest Rally Over plans By Government To Increase Price OF Fuel

The Nigeria Labour Congress has threatened to embark on nationwide protest rallies from January 27, 2022, to reject the planned increase in the price of premium motor spirit otherwise known as petrol by the Federal Government.
The NLC said the protests would kick off instantly and without notice in all the 36 states in the case, the government goes ahead to increase fuel before the planned January 27 nationwide rallies. These, among other decisions, were reached at the National Executive Council of the NLC held in Abuja on Friday.

Dangote Group Loses Vice President

Vice president of Dangote Group and younger brother of Africa’s richest man, Aliko Dangote, Sani Dangote has died in the United States after a protracted illness. The owner of Dansa Agro-allied Limited was also known for his role as chairman Dangote Cement, Dangote Sugar, Dangote Agro Sacks, Dangote Refinery, Petrochemical and Fertiliser company. Until his death, he was the deputy chairman of the African Gum Arabic Producers Association and a fellow of the Nigeria Institute of Shipping and president of the Fertilizer Producers and Suppliers Association.

eNaira Completes Over N100m Worth Of Transactions - CBN

The central bank digital currency, eNaira with over 500,000 consumer wallets, and over 80,000 merchant wallets with downloads occurring in over 160 countries, the currency recorded over N100 million worth of transactions. According to Ch’Edozie Okonjo, the central bank of Nigeria (CBN) Controller, Enugu branch, since the launch of the e-Naira, there had been a flood of interest and positive feedback from users within and outside the shores of Nigeria.

President Buhari Departs Paris To Attend South Africa’s Intra-African Trade Fair

President Muhammadu Buhari departed Paris, France on Saturday for another international event scheduled to take place in Durban, South Africa. President Buhari is expected to take part in the 2021 inauguration of the second Intra-African Trade Fair (IATF) based on a special invitation by the president of South Africa, Cyril Ramaphosa. This was disclosed in a statement signed by the Special Adviser to the President on Media and Publicity and titled, ‘President Buhari Leaves Paris For Intra African Trade Fair in South Africa’.

Buhari Did Not Sack The AEDC Management – Presidency

The Presidency has disclosed that President Muhammadu Buhari did not order the sacking of the Abuja Electricity Distribution Company (AEDC) management. This was stated by the Senior Special Adviser to the president on media and publicity, Mallam Garba Shehu, that the information was not true. The spokesperson said, “This cannot be true. Since the privatization of the Power Sector in 2013, the management of the successor companies has reverted to the new owners,”

FEC Approves 5 Year National Development Plan Worth N348.7trn

The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo approved the 2021-2025 National Development Plan. The National Development Plan with an investment size of N348.7tn is expected to be funded by the federal, state governments, and also the private sector. The Minister of Finance, Budget, and National Planning, Dr. Zainab Ahmed briefed correspondents on Wednesday after the FEC’s meeting at the Presidential Villa, Abuja.

N4.4trn Debt: Cabals Frustrating AMCON Effort - Senate

The Senate committee on banking, insurance and other Financial institutions has raised an alarm that some highly-placed individuals in the country are thwarting the effort of The Asset Management Corporation of Nigeria (AMCON) to recover N4.4trillion cornered by some individuals. According to Senator Uba Sani, the Committee Chairman, who made this known today during a meeting on “Consolidating the effectiveness of the asset recovery model adopted by AMCON” at Zuma Rock Resort, Niger State.

With eNaira, Nigeria’s GDP Projected To Increase By $29bn In 10 Years – President Buhari

President Muhammadu Buhari on Monday announced that with the introduction of detail currency by the Central Bank of Nigeria (CBN) the nation’s Gross Domestic Product (GDP) is projected to rise by $29 billion in the next years. This is even as the CBN Governor, Mr. Godwin Emefiele, revealed that since the launch and going live of the eNaira platform, there had been overwhelming interest and encouraging response from Nigerians and other parties across the world, with over 2.57 million daily visit to the website. The digital currency has two applications; speed wallet and eNaira merchant wallet, which were launched on the Google Playstore and Apple Store. The President for emphasis also stressed that Nigeria was the first country in Africa and one of the first in the world to introduce digital currency to her citizens. Buhari said with the introduction of the eNaira government will be able to send direct payments to citizens eligible for specific welfare programmes as well as foster cross-border trade.
He added it will increase remittances, improve financial inclusion, make monetary policy more effective, and other benefits. President Buhari said, “estimate suggests the adoption of new CBN digital currency is estimated to increase Nigeria’s GDP by $29 billion over the next 10 years.

FG To Recover Fresh $200m Loot – Malami

The Attorney General of the Federation (AGF) and Minister of Justice Abubakar Malami, SAN, has revealed that the Federal Government of Nigeria would soon make more recovery of public fund of about $200million stolen which is kept outside the country. Malami made this known during the 2021 annual public lecture organised by the centre for Media and Peace Initiative, New York, United state of America. The Special Assistant on Media and public Relations to the AGF, Dr Umar Gwandu made the statement on behalf of the AGF saying that outstanding successes recorded by the President Buhari administration in international asset recovery, could be a good template for other African countries to copy from.

President Buhari To Attend Investment Summit In Saudi Arabia

President Muhammadu Buhari will today (Monday) depart for Riyadh, Saudi Arabia, to participate in the investment conference organized by the Future Investment Initiative Institute. This was contained in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu in Abuja, on Sunday. It was revealed that president Buhari will be joined by business executives from Nigeria, bankers, Captains of industry and energy experts at the 5th edition of the flagship ‘Investment In Humanity’ event, to discuss issues bordering on the future of investments across the globe.