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Monthly Archives: October 2020

BEARS: Crying Commissioner

BEARS: Crying Commissioner

A video showing Dr. Saka Audu, commissioner of health, Kogi state crying while giving updates of how the medical warehouse in the state was looted, has appeared on social media, eliciting mixed reactions. The commissioner was seen shedding tears, while ...

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Nigeria’s Economy and the Politics of Enchanted Interests

Nigeria’s Economy and the Politics of 'Enchanted' Interests

By Kenneth Jukpor The myriad of challenges across the economic space in the Nigerian polity can be linked to the leadership shortcomings at various organizations or portfolios. This gives credence to Suzy Kassem’s statement that, “a nation’s greatness depends on ...

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BULLS: UP NEPA!

BULLS: UP NEPA!

The Federal Government began the distribution of free meter in Kano, Kaduna and Lagos in fulfilment of the promise of the President Muhammadu Buhari, to ensure mass metering in the country and in the process put an end to the ...

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Low Level Of Exposure, Literacy Hinder Women’s Fiscal Education – Akpaida

Low Level Of Exposure, Literacy Hinder Women’s Fiscal Education - Akpaida

According to the World Bank, there is a 14 per cent gap between men who own bank accounts and women who don’t. What this means is that more women (than men) are financially excluded even though they are major drivers ...

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C-19: Exploring Airport Operations For The New Norm

C-19: Exploring Airport Operations For The New Norm

During this global disruption, airports will be required to rethink their normal business and operational processes in a few key areas. To reduce the spread of pathogens beyond COVID-19, airports should consider implementing autonomous, hands-free, self-processing solutions throughout the passenger ...

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Tomicious Tomi

Tomicious Tomi

There are women who must be counted in every roll call where women are mentioned.  Tomi Adepoju is one of such women. Tomi is Partner & Head, Internal Audit, Risk and Compliance Services (IARCS) of KPMG in Nigeria and also ...

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Terminal Operators Condemn Looting, Burning Of NPA Headquarters

Terminal Operators Condemn Looting, Burning Of NPA Headquarters

. Demand thorough investigation on arson Terminal operators under the aegis of Seaport Terminal Operators Association of Nigeria (STOAN) have condemned the looting and burning of the headquarters building of the Nigerian Ports Authority (NPA). Chairman of STOAN, Princess Vicky ...

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LCCI backs ProtectLagos campaign, shifts trade fair

LCCI backs ProtectLagos campaign, shifts trade fair

The Lagos Chamber of Commerce and Industry says it has postponed the 2020 edition of the Lagos International Trade Fair to allow a return to normal economic and commercial activities. The Chamber, in a statement on Thursday, said the fair ...

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Power generation hits all-time peak of 5,459MW – TCN

BULLS: UP NEPA!

The Transmission Company of Nigeria on Thursday announced that the nation’s power industry attained another all-time national peak electricity generation of 5,459.5 megawatts. It said this quantum of electricity was efficiently transmitted through the nations transmission grid at a frequency ...

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APC lashes PDP over N3bn COVID-19 fund whereabouts

APC lashes PDP over N3bn COVID-19 fund whereabouts

The Ekiti State chapter of the Peoples Democratic Party on Wednesday demanded that the state government account for the over N3bn allegedly received from various sources for the provision of palliatives during the COVID-19 lockdown. PDP factional state Publicity Secretary, ...

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Free meter distribution begins in Kano, Kaduna, Lagos today

FG releases funds to Discos for mass metering

The free distribution of electricity meters to Nigerians will commence today (Friday) with the simultaneous inauguration of the scheme in Kano, Kaduna, Eko and Ikeja electricity distribution companies’ franchise areas. A source in the Presidency, who spoke on condition of ...

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NIRSAL MFB gets framework for N75bn youth fund disbursement

Amended BOFIA: The birth of ‘unquestionable’ regulator

The Central Bank of Nigeria has released the framework for NIRSAL Microfinance Bank to commence the disbursement of the N75bn Nigeria Youth Investment Fund. It said this in its statement titled ‘Framework for the operation of the NIRSAL Microfinance Bank ...

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Wike signs executive order proscribing IPOB

Wike signs executive order proscribing IPOB

Rivers State Governor, Nyesom Wike, has signed an executive order to reinforce the ban on Indigenous Peoples Organization of Biafra and its activities in the State. The governor maintained that while Rivers remains the home to all tribes and ethnic ...

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Equity market gains N239bn on positive sentiment

NSE triggers circuit breaker as stocks record five-year highest gain

Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further by 1.58 per cent each following gradual return of economic activities after #ENDSARS protests. The market breadth closed positive as ...

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National carrier will take off 2021, says FG

National carrier will take off 2021, says FG

• Project accommodated in N78.96 billion aviation capital budget • Let’s run national carrier, not government airline, says Ojikutu The Federal Government, yesterday, said adequate preparations had been made and the sum of N78.96 billion had been budgeted in the ...

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Manufacturing sector hits sixth-month slow growth

Manufacturing sector hits sixth-month slow growth

The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to the Central Bank of Nigeria. The statistics department of the CBN disclosed in its ‘Purchasing Managers’ Index survey report for ...

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NSC Seeks Solution For NXP Validation 

NSC Seeks Solution For NXP Validation 

By Ayoola Olaitan As part of efforts to ensure seamless port operations, Nigerian Shippers’ Council (NSC) is exploring solutions to boost compliance to the directive by the Federal Government that all export goods should carry Nigerian Export Proceeds (NXP) numbers ...

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Niger, Benin, Togo pay Nigeria N2.04bn electricity bill

Niger, Benin, Togo pay Nigeria N2.04bn electricity bill

International customers – Niger, Benin, Togo – who purchase power from Nigeria remitted a total of N2.04bn in the first quarter of this year as their outstanding electricity bill to the Market Operator of the sector in Nigeria. But special ...

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FCT, Lagos, other artisans set to receive N30,000 grant – Presidency

FCT, Lagos, other artisans set to receive N30,000 grant – Presidency

The Presidency on Tuesday said the payment of N30,000 one-time grant to 330,000 artisans across the country under the Economic Sustainability Plan has commenced. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this ...

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NNPC demands calm as fuel queues surface in FCT, others

NNPC demands calm as fuel queues surface in FCT, others

Petrol queues surfaced in parts of Abuja and neighbouring states of Nasarawa and Niger on Monday evening and intensified on Tuesday. Motorists besieged the few filling stations that dispensed petrol, forming long queues, while many other outlets were locked. Most ...

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