First Bank To Suspend International Transactions On Naira Debit Cards

First Bank of Nigeria has announced to its customers that it will suspend international transactions on its Naira Debit Cards from September 30, 2022. First Bank said, “Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card, and Visa Prepaid Naira for international transactions. This will take effect on 30 September 2022.

FG To Sanction Foreign Airlines For Selling Tickets In Dollars

The Federal Government (FG) has said it would sanction foreign airlines for selling flight tickets in dollars. This was disclosed to State House correspondents on Wednesday by the Minister of Aviation, Hadi Sirika immediately after the weekly Federal Executive Council (FEC) meeting which was held at the Presidential Villa, Abuja, and presided over by President Muhammadu Buhari. According to him, the Nigerian Civil Aviation Authority (NCAA) would sanction any airline caught selling tickets in dollars; adding that no violator would be spared.

FG Mull's Minimum Wage Review - Minister

The Nigerian Government said it is considering an upward review of the N30,000 minimum wage to reflect the economic realities of inflation that has become a global phenomenon. This was disclosed by the Minister of Labor and Employment, Dr. Chris Ngige during the Nigeria Labor Congress, NLC, a public presentation titled, ''Contemporary history of working-class struggle'' delivered yesterday in Abuja.

NSPMC: President Buhari Appoints MD

President Muhammadu Buhari has appointed Ahmed Halilu as the Managing Director (MD) of the Nigerian Security Printing and Minting Company (NSPMC). Halilu has been the acting MD since the former MD, Abbas Masanawa resigned on May 16 in order to pursue his gubernatorial ambition. According to reports, President Buhari approved his appointment following the recommendation of Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), who also serves as the board chairman of NSPMC.

President Buhari To Present N19.76 Trillion 2023 Budget

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila yesterday disclosed that President Muhammadu Buhari is expected to present the proposed N19.76 trillion 2023 Appropriation Bill to the National Assembly in the first week of October, 2022. The Speaker, who made the disclosure of the 2023 budget presentation during the inspection of the ongoing renovation work on the green chamber as well as the construction of the National Assembly Service Commission office, noted that the temporary chamber would be ready for use when the House resumes from its two months recess next week Tuesday. Gbajabiamila said the 10th Assembly would most likely be inaugurated in the temporary chamber, except the project managers would be able to complete the renovation of the main chamber months before the scheduled deadline.

Emirate Reinstate Flight Operations In Nigeria

Emirate Airlines has revealed it will be resuming its flight operation between Dubai and Lagos from the 11th of September 2022, this is shortly after the Central Bank of Nigeria (CBN) allocated the sum of $265 million to airlines operating in the nation for the partial settlement of outstanding ticket sales monies. Meanwhile, the foreign carrier in a statement to its customers has revealed the reopening of its operation will begin with two flights, one inbound, and the other external.

Senate Calls For Accelerated Prosecution Of Oil Thieves

The Senate, yesterday, ordered security forces to go after oil thieves and bring them to justice. At a meeting with military and intelligence chiefs to review progress made in the fight against insecurity, the lawmakers lamented the massive loss of crude oil to illegal bunkering in the Niger Delta and the impact on the economy. The upper chamber of the National Assembly also tasked the judiciary to grant accelerated hearing to matters on oil theft and other forms of economic sabotage. It was attended by the Deputy Senate President, Ovie Omo-Agege, other principal officers of the Senate and chairmen of security related committees of the Senate. Also in attendance were the Chief of Defence Staff, the three Service Chiefs, Inspector General of Police, Directors-General of National Intelligence Agency (NIA), and the State Security Service (SSS).

FG Launches Presidential Delivery Tracker, CDCU Website

The Federal Government (FG) has launched the Presidential Delivery Tracker (PDT) and the Central Delivery Coordinating Unit (CDCU) website to enable citizens to monitor the implementation of government projects nationwide. The Secretary to the Government of the Federation (SGF), Boss Mustapha unveiled the platforms on Tuesday in Abuja, stating that the platforms were created to track and report the implementation of policies, programmes and projects of Ministries, Departments and Agencies (MDAs) with the aim of achieving the 9 priority goals of President Muhammadu Buhari’s administration.

Oil Theft: We Lose $700 Million Monthly - NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed it loses 470,000 bpd to oil theft, amounting to $700 million monthly. This is in addition to security challenges that hindered oil production in some terminals. Speaking with some journalists during a tour of the facilities of the NNPCL, Bala Wunti, the group general manager, National Petroleum Investment Management Services (NAPMS), said the pipelines, specifically those around Bonny terminal, cannot be operated due to the activities of criminals. The GGM said the number of barrels stolen on a daily basis is very huge, saying about 270 barrels that were to be loaded in Bonny would no longer going to be loaded because of theft.

Osinbajo Departs Nigeria For US

Vice President Prof. Yemi Osinbajo in the early hours of 31st August 2022 jetted to the Unites State of America to seek global partnership and support for Nigeria's recently launched Energy Transition Plan. Osinbajo will be meeting his American counterpart, Kamala Harris.
The VP's spokesman, Laolu Akande noted that Osinbajo will also be meeting with Jennifer Granholm, the secretary of energy, Janet Yellen, secretary of the treasury, and David Malpass, president of World Bank Group. Recall that Nigeria's transition plan was officially launched in a virtual event last week, and is said to be needing at least $10 billion per annum above business as usual spending for effective implementation for the attainment of the homegrown, data-backed, and multi-pronged strategy development of the 2060 net zero emissions, its commitments will be on Power, Cooking Oil and Gas, Transport and Industry.