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Supreme Court affirms Ifeanyi Ubah’s election as senator

Supreme Court affirms Ifeanyi Ubah’s election as senator

The Supreme Court on Tuesday dismissed the appeals filed by Chief Chris Uba and Dr Obinna Uzor challenging Ifeanyi Ubah’s election as the senator representing Anambra South Senatorial District. A five-man panel led by Justice Sylvester Ngwuta unanimously held that ...

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Constitution amendment: Reps propose independent candidacy

Constitution amendment: Reps propose independent candidacy

The House of Representatives on Tuesday passed for second reading a bill seeking to allow independent candidacy in Nigerian elections. The Chief Whip, Mr Mohammed Monguno, had sponsored the ‘Bill for an Act to Alter the Constitution of the Federal ...

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Governors meet today to review COVID-19 strategy

Governors meet today to review COVID-19 strategy

Governors of the 36 states of the federation, under the aegis of the Nigeria Governors Forum, are set to hold their 8th teleconference to review the COVID-19 situation in states as well as develop strategies on how best to quickly ...

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Customs rakes N16 billion in Port Harcourt amid COVID-19 lockdown

Customs rakes N16 billion in Port Harcourt amid COVID-19 lockdown

Despite the lockdown caused by the coronavirus pandemic, the Nigeria Customs Service (NCS) Area 1 Command, Port Harcourt, said it raked over N16billion in the first quarter (Q1) of 2020. The Customs Area Controller of the Command, Comptroller Auwal Mohammed, ...

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Terminal operator identifies recovery strategies for businesses amid pandemic

Terminal operator identifies recovery strategies for businesses amid pandemic

Amidst the coronavirus pandemic and harsh operating environment, Group Managing Director, SIFAX Group, Adekunle Taofiq Oyinloye, has urged businesses to build resilience and staying power as a strategy to survive. He said a comprehensive review of business processes and operations ...

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IMO issues fresh COVID-19 guidance for personal protective equipment

IMO issues fresh COVID-19 guidance for personal protective equipment

The International Maritime Organisation (IMO) has circulated World Health Organization (WHO) guidance on the safe and effective use of personal protective equipment (PPE), to support decisions on use of PPE to minimize the risks of COVID-19 infection for seafarers, marine ...

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NPA orders seamless export process at seaports

The Nigerian Ports Authority (NPA), has directed all terminal operators to set up priority desk to ease the export of cargoes at all seaports in Nigeria. This move, according to the Managing Director, NPA, Hadiza Bala Usman, would help the ...

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10,000 Kogi workers to benefit from CBN agribusiness scheme

10,000 Kogi workers to benefit from CBN agribusiness scheme

The Central Bank of Nigeria has said that 10,000 Kogi State Government workers are to benefit from the approved N10bn Agribusiness Alternative Retirement Investment Scheme scheduled to take off soon. The consultant in charge of the scheme, Mr Joseph Idoko, ...

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La Liga will return with matches every day, says league president

La Liga will return with matches every day, says league president

La Liga will return with matches every day, league president Javier Tebas has revealed. Spain’s top division has been shut down since March in the wake of the coronavirus pandemic. As lockdown restrictions are lifted players and teams have now ...

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FG sets up panel to revive Ajaokuta steel plant

FG sets up panel to revive Ajaokuta steel plant

The Federal Government has inaugurated the Ajaokuta Presidential Project Implementation Team with the aim of diversifying the economy. The Secretary to the Government of the Federation, Boss Mustapha, is the chairman of the team while the Minister of Mines and ...

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COVID-19 will worsen Nigeria’s debt, says NESG

Oil, gas revenue dropped by N425.52bn in Q1 –Minister

With declining revenue, Nigeria’s debt position will be worsened as the government is set to embark on massive borrowing of over N4.43tn, the Nigerian Economic Summit Group has said. The NESG, a private sector-led think-tank, said the country needed at ...

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Exchange commits N100m to support fight against COVID-19

Experts seek removal of VAT, withholding tax on dividend, others

The Nigerian Stock Exchange (NSE), said it has committed about N100million to support the fight against the Coronavirus (COVID-19) pandemic in Nigeria. According to the exchange, N60million will be donated to the Capital Market Support Committee for COVID-19 (CMSCC), while ...

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SEC reopens head office, promises to protect investors

SEC reopens head office, promises to protect investors

The Securities and Exchange Commission says following the Federal Government’s partial easing of the lockdown measures introduced to minimise the spread of COVID-19 across Nigeria, it has reopened its head office in Abuja. Even as SEC promised to continue to ...

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Integrated payment system saved N361bn despite opposition, says FG

Integrated payment system saved N361bn despite opposition, says FG

The Office of the Accountant-General of the Federation on Sunday said the Integrated Payroll and Personnel Information System had saved over N361bn for the Federal Government despite opposition and sabotage from some quarters. Created in 2007, the IPPIS secretariat is ...

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Nigerian households spent N2tn on fuel, electricity in 2019 –NBS

Nigerian households spent N2tn on fuel, electricity in 2019 –NBS

Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has said. The NBS said in a new report on consumption expenditure pattern that household expenditure on fuel/light accounted for 11.57 ...

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Emefiele assures foreign investors of funds transfer

Emefiele assures foreign investors of funds transfer

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has assured investors of the security of their investments in the country despite dwindling revenue from the sale of crude oil globally. A statement by the CBN on Sunday quoted Emefiele ...

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CBN gives medical firms conditions to access N100bn loans

10,000 Kogi workers to benefit from CBN agribusiness scheme

To access the N100bn loans provided by the Central Bank of Nigeria for firms in the healthcare sector, a corporate entity must submit its application to a participating financial institution which could be either a Deposit Money Bank or a ...

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Refineries produced no petrol in eight months – NNPC

FG refineries suffer N19bn loss in two months

No drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National Petroleum Corporation for eight straight months. Latest figures released by the NNPC on refined white products (petrol and kerosene) from ...

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Nigeria As Dumpsite For Expired Containers

Nigeria As Dumpsite For Expired Containers

·    No agency for Container Regulation in Nigeria ·    Deposits equivalent to cost of expired shipping containers ·    90% of containers in Nigeria lack global standards By Kenneth Jukpor Shipping lines operating in Nigeria have turned the nation into a dumpsite for expired ...

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COVID-19: Maintaining Sanity, Affordable Fees On Waterways

COVID-19: Maintaining Sanity, Affordable Fees On Waterways

For several years, residents of riverine areas have had to contend with their worst fears using waterway transport. The need for hygiene and sanity has always been paramount and it has become more sacrosanct with the ongoing COVID-19 pandemic. With ...

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