Exclusive Reports

Sat, May

FG: Disbursement Of N30,000 Payment To 333,000 Artisans Begins

The Federal Government announced that it has commenced the payment of N30,000 one-time grants to 333,000 artisans nationwide as part of the Economic Sustainability Plan (ESP). This was disclosed by the Senior Special Assistant to the Vice President, Mr Laolu Akande, who also said only verified benefactors of the Artisan Support Scheme are viable to access the grant. The Artisan Support Scheme is meant to benefit 9,000 Nigerians per State and the FCT.

Access Bank Announces N50bn Interest Free Loan

Access Bank Plc announced today that they would begin the disbursement of the N50 billion interest-free loan the bank set aside for micro, small and medium-size enterprises (MSMEs).

PIB: Petroleum Minister Dismiss Claim Of Scrapping NNPC

The Minister of State for Petroleum, Timipre Sylva, has cleared the air over speculation that the new Petroleum Industry Bill (PIB) send to the National Assembly proposed the scrapping of the Nigeria National Petroleum Corporation (NNPC).

The Central Bank of Nigeria (CBN) said its involvement in the Cotton, Textile and Garments (CTG) industry has resulted in the funding of 320,000 farmers across the entire CTG value chain. The apex bank stated that N120 billion has been invested in the CTG sector which is expected to assist in reaching and exceeding the cotton lint requirement for the country’s textile industry.

Governor Bagudu Hail President Buhari, Say His Policies Are Yielding Result

Governor Abubakar Bagudu of Kebbi state has hail President Muhammadu Buhari over his policies on Agriculture saying the policies have begun yielding results in the country.
The governor made this statement today when he paid a visit to a private rice mill, belonging to one businessman, Alhaji Sahabi Lolo in Kamba, Dandi Local Government Area of the states.

The National Pension Commission (PenCom) announced that it has released a total of N2.58bn as pension benefits to relatives of deceased workers under the Contributory Pension Scheme (CPS) between the period of April and June 2020. This was disclosed in a report on the second quarter of 2020.

NLC Fixes Monday For Nationwide Protest Over Hike In Fuel And Electricity Price

The Nigeria Labour Congress (NLC) has concluded plans to stage nationwide protests from Monday, protest and strike action will commence across the country over the federal government refuses to reverse prices of petrol and electricity tariff. This was revealed by the labour's president Ayuba Wabba after the meeting of National Executive Council on Tuesday in Abuja.

Electricity Tariffs: Nigerians To Pay N10.20/kWh For Electricity

The Federal Government and organised labour reconvened after the expiration of the two weeks suspension of a threatened strike by organised labour and have agreed to provide a tariff relief of N10.20 per Kilowatt-Hour for the next 3 months and also distribute 6 million free meters across the country. The organised labour was on the verge of embarking on industrial action over agitation on the hike in electricity tariff on September 28 but didn't go through after the new tariff was earlier suspended for two weeks.

100m Nigerians Will Be Lifted Out Of Poverty - PMB

President Muhammadu Buhari has set up a Medium-Term National Development Plan (MTNDP) that will see about one hundred million (100m) Nigerians lifted out of poverty within the next 10 years. To achieve this economic milestone without any delay, the president has inaugurated a National Steering Committee to oversee Nigeria’s Agenda 2050.

PIB: National Assembly Postponed Deliberation Until 2021

The National Assembly has deferred deliberation on the Petroleum Industry Bill (PIB) until the first quarter of 2021. This was disclosed by the Minister of State for Petroleum, Timipre Sylva while speaking to newsmen on a sideline after two days Executive-Legislature Leadership Retreat held at the State House in Abuja yesterday. The Minister said the retreat came at a crucial time like this when the Petroleum Industry Bill has just been presented to the National Assembly. According to him, the National Assembly has responded that they need to work on the 2021 appropriation bill which needs to be submitted before January next year for presentation, subsequently, they would start considering the PIB.

President Muhammadu Buhari has on Monday defended his reasons for the removal of fuel subsidy, saying the move was done in a bid to save the economy from collapsing, adding that the increase in electricity tariff by Distribution Companies (DisCos) was necessary though not pleasurable. Vice President Yemi Osinbajo made this known while representing the president during the opening ceremony of the 2-day First Year Ministerial Performance Review Retreat, at the State House Conference Centre, Presidential Villa, Abuja.

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