Beloved John (Staff Writer), Author at

Business News TelecommunicationAll Business Merchants in Nigeria Will Accept eNaira Payments

Beloved John (Staff Writer)September 21, 2021

LAGOS — The country’s first digital currency, eNaira, must be accepted as a form of payment by all business merchants according to the CBN director of payment system management, Musa Jimoh. According to him, the digital currency is similar to the fiat currency (naira) and the CBN bears all liabilities for the eNaira. Jimoh said this when he featured on Business Morning, a Channels Television programme, on Monday. He noted that eNaira is a legal...

MoneyLawan Asks Senate Panel to Assess Buhari’s $4bn Loan Request Within One Week

Beloved John (Staff Writer)September 21, 2021

ABUJA — Senate President, Ahmad Lawan, has said the senate committee on foreign and local debts should assess President Muhammadu Buhari’s $4 billion loan request within one week. He gave the committee an ultimatum on Tuesday after he referred the president’s request to the committee for legislative action. Last week, Lawan read out the president’s loan request which was written in a letter. In the letter, Buhari said that the loan request was owing to...

Crime & Security TelecommunicationSuspension of Telecoms Effective in Curbing Insecurity – Masari

Beloved John (Staff Writer)September 21, 2021

The adoption of some stringent measures has helped with actively tackling insecurity in the state according to Aminu Masari, Katsina governor. According to him, the suspension of telecommunications services in some areas made communication between the bandits and their informants unavailable. Also, the embargo on night baking us preventing bakers from selling loaves of bread to bandits. Masari said this on Tuesday when he received Lai Mohammed, minister of information and culture, at the government...

Coronavirus Law & JusticeNPHCDA, DSS Investigate Sales of Fake COVID Vaccination Cards

Beloved John (Staff Writer)September 21, 2021

ABUJA — The National Primary Healthcare Development Agency (NPHCDA), has urged Nigerians to report any unvaccinated person trying to procure a vaccination card. Faisal Shuaib, executive director of the NPHCDA, made this appeal at a briefing in Abuja on Tuesday. Shuaib stated that the agency is aware that some health workers are involved in the sale of fake COVID-19 vaccination cards and is working to ensure that they are brought to book. He noted that...

Crime & Security National Security PoliticsFG is Uninterested in Naming and Shaming Terrorism Sponsors – Femi Adesina

Beloved John (Staff Writer)September 21, 2021

ABUJA — Femi Adesina, the presidential spokesperson, has said that the naming and shaming sponsors of terrorism aren’t part of the federal government agenda. Adesina said this on Monday while speaking on the recent move by the United Arab Emirates (UAE), during an interview on Channels Television. Last week, the UAE had placed six Nigerians on its terror list. The UAE said this was an effort to target and disrupt networks associated with the financing...

Business TaxationVAT Collection: Yahaya Says Governors Must Wake Up to Reality

Beloved John (Staff Writer)September 21, 2021

GOMBE —The stand of the Lagos and Rivers state government on the collection of value-added tax (VAT) should serve as a wake-up call to other states says Inuwa Yahaya, governor of Gombe state. Yahaya admitted that the Gombe state government would be unable to pay salaries without the income generated from VAT. He said this while speaking to some All Progressives Congress (APC) stakeholders from Gombe south senatorial district on Monday. He noted that 35...

Economy MoneyeNaira: CBN to Own Major Stake in Bitt Inc.

Beloved John (Staff Writer)September 17, 2021

ABUJA — The Central Bank of Nigeria (CBN), will own a majority stake in Bitt Inc., its technical partner for digital currency eNaira, according to the apex bank governor, Godwin Emefiele. Emefiele announced this at the end of the CBN monetary policy committee (MPC) meeting on Friday. According to the governor, Bitts as a partner will establish their company in the country and the apex bank will own a majority stake in the company. “We...

Economy MoneyCBN Retains Benchmark Interest Rate at 11.5%

Beloved John (Staff Writer)September 17, 2021

ABUJA — The CBN’s monetary policy committee has decided to maintain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. The committee unanimously voted to retain the key lending rate of 11.5 percent, with the asymmetric corridor of +100 and -700 basis points around the MPR. Godwin Emefiele, the apex bank governor confirmed this to journalists on Friday following the committee’s two-day meeting at the CBN headquarters in Abuja. The governor stated...

Health LabourCourt Orders Doctors to Suspend Strike

Beloved John (Staff Writer)September 17, 2021

The national industrial court has ordered the National Association of Resident Doctors (NARD) to suspend its ongoing strike. The FG had instituted a suit against the association after an unsuccessful attempt by the house of representatives to mediate between the federal government and NARD. FG asked the court for an order of interlocutory injunction restraining members of NARD from continuing with the action. Ruling on the application, Bashar Alkali, the Judge ordered the suspension of...

Health LabourResident Doctors to Appeal Court Ruling, Rejects Order to Suspend Strike

Beloved John (Staff Writer)September 17, 2021

The National Association of Resident Doctors (NARD) has rejected the ruling of the national industrial court, directing the association to suspend its strike. NARD said its seeking to appeal the ruling and file a stay of application. This decision was in a communique released on Friday and jointly signed by Uyilawa Okhuaihesuyi, its president, and Jerry Isogun, its general secretary. The FG had instituted a suit against the association after an unsuccessful attempt by the...

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Business News TelecommunicationAll Business Merchants in Nigeria Will Accept eNaira Payments

MoneyLawan Asks Senate Panel to Assess Buhari’s $4bn Loan Request Within One Week

Crime & Security TelecommunicationSuspension of Telecoms Effective in Curbing Insecurity – Masari

Coronavirus Law & JusticeNPHCDA, DSS Investigate Sales of Fake COVID Vaccination Cards

Crime & Security National Security PoliticsFG is Uninterested in Naming and Shaming Terrorism Sponsors – Femi Adesina

Business TaxationVAT Collection: Yahaya Says Governors Must Wake Up to Reality

Economy MoneyeNaira: CBN to Own Major Stake in Bitt Inc.

Economy MoneyCBN Retains Benchmark Interest Rate at 11.5%

Health LabourCourt Orders Doctors to Suspend Strike

Health LabourResident Doctors to Appeal Court Ruling, Rejects Order to Suspend Strike