Tricycle Riders Clashes With Police In Kano

BusinessNewsNigeriaTaxationTricycle Riders Clashes With Police In Kano

Hassan Umar Shallpella (Regional Correspondent)February 23, 2021

KANO CITY — Youths suspected to be tricycle riders have clashed with police operatives at Gyadi-Gyadi court road in Kano city, Kano State. They were on strike to resist the N100 daily tax enforced by the state government through the Kano State Roads and Traffic Agency (KAROTA) among other issues. The riders said the action becomes necessary to avert what they described as extortion in the name of tax and other fines. The police had...

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Poultry Farmers In Jos Decries Hike In Feeds

BusinessNewsNigeriaPoultry Farmers In Jos Decries Hike In Feeds

Hassan Umar Shallpella (Regional Correspondent)February 23, 2021

JOS — Poultry farmers in Jos, Plateau state have decried the hike in feeds and other consumables. Some farmers, who spoke to newsmen in Jos, said the situation may send many of them out of business because they could not bear the rising cost of the feeds. Okopi Sule, a poultry farmer, said that input had become outrageously high and income from the business becoming extremely low. “Many farmers could no longer break even in...

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Pilgrimage With Ease, Hajj Savings Scheme Launch In Adamawa

BusinessNewsNigeriaReligionPilgrimage With Ease, Hajj Savings Scheme Launch In Adamawa

Hassan Umar Shallpella (Regional Correspondent)February 21, 2021

Respite has come for Muslim low-income earners to have access and perform Hajj pilgrimage with ease being one of the pillars of Islam as the National Hajj Commission of Nigeria (NAHCON) has introduced a scheme “Hajj Savings Scheme”, a deliberate move to reduce difficulty in paying hajj fare by the category of such persons. At the launch of the scheme in Yola, the Adamawa State capital held at Nyako Center in the State Secretariat, the...

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No Plans to Increase Petrol Price -NNPC Assures Organised Labour, Others

BusinessLabourNewsNigeriaNo Plans to Increase Petrol Price -NNPC Assures Organised Labour, Others

PilotnewsFebruary 18, 2021

ABUJA — The Nigerian National Petroleum Corporation  (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol in the month of February. The corporation gave the assurance in a statement signed by its spokesman Dr Kennie Obateru in Abuja, on Thursday. “In spite of the rise in the price of crude oil in the international market, NNPC has ruled out...

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SEC Suspends Approval of Cryptocurrency-Related Products

BusinessMoneyNewsNigeriaSEC Suspends Approval of Cryptocurrency-Related Products

Beloved John (Staff Writer)February 14, 2021

The Securities and Exchange Commission has suspended the approval of cryptocurrency and related products following the directive of the Central Bank of Nigeria which demanded that banks terminate accounts connected to digital currencies. In a statement released on Friday, SEC, which had earlier disclosed its readiness to accept Bitcoin and other cryptocurrencies as securities, said it would no longer do so until such products are able to operate bank accounts within the Nigerian banking system....

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Senate Invites CBN Governor for Brief on Cryptocurrency

BusinessInvestingNewsNigeriaSenate Invites CBN Governor for Brief on Cryptocurrency

Bada Yusuf Amoo (Correspondent)February 12, 2021

The Senate has invited the Central Bank of Nigeria (CBN)’s Governor, Godwin Emefiele, to appear before its committees on the opportunities and threats of cryptocurrency on the country’s economy. The red chamber took the decision to invite the CBN governor following a motion by a Federal Lawmaker, Senator Istifanus Gyang, during a plenary on Thursday, concerning the CBN directive asking financial institutions to stop all transactions in cryptocurrencies and matters relating to them. In their...

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Lagos Government Seek Regulations of Boat Captains, Vessels

BusinessTransportationLagos Government Seek Regulations of Boat Captains, Vessels

Bada Yusuf Amoo (Correspondent)February 11, 2021

Governor Babajide Sanwo-Olu of Lagos has sought improved certification for boat skippers and better regulation of the operations of non-convention vessels that operate in the inland waterways of the country. The governor made the call while receiving the Director-General of the Nigerian Maritime Administration and Safety Agency (NMASA), Dr. Bashir Jamoh, during his visit to the governor. Sanwo-Olu said an improved utilization of Lagos waterways would go a long way in easing the traffic congestion...

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Why We Banned Cryptocurrencies – CBN

BusinessEconomyNewsWhy We Banned Cryptocurrencies – CBN

Beloved John (Staff Writer)February 8, 2021

The Central Bank of Nigeria named terrorism and money laundering as the rationale behind the ban of cryptocurrency-related transactions in Nigeria. In a statement released on Sunday, Osita Nwanisobi, Acting Director, Corporate Communications said the use of cryptocurrencies in Nigeria is a direct contravention of existing law. The decision has sparked outrage from mostly young people in a country that is the world’s second-biggest user of virtual currencies like Bitcoins. “The use of cryptocurrencies in...

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U.S. Endorses Okonjo-Iweala for DG WTO, Promises Her Its Supports

BusinessEconomyWorld NewsU.S. Endorses Okonjo-Iweala for DG WTO, Promises Her Its Supports

Bada Yusuf Amoo (Correspondent)February 6, 2021

The United States (U.S.) has commended Nigerian financial expert, Dr. Ngozi Okonjo-Iweala, for her desire to contribute her wealth of knowledge to the development of the World Trade Organization (WTO) as it salutes the decision of the Republic of Korea’s Trade Minister, Yoo Myung-hee to withdraw her candidacy for Director-General of the (WTO). This endorsement and salutation were contained in a statement released by the United State Trade Representative (USTR) Public and Media Affairs, in...

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Nigerian Cloud Scheduling App, Calendly, Raises $350m to Surpass Initial $3b Valuation

BusinessInvestingTechnologyNigerian Cloud Scheduling App, Calendly, Raises $350m to Surpass Initial $3b Valuation

Bada Yusuf Amoo (Correspondent)February 6, 2021

Calendly, a world-leading cloud scheduling app that got more usefulness in the wake of COVID-19 pandemic, has achieved a unicorn territory. In the report by The Atlanta Business Journal, the app which was founded by the Nigerian Tope Awotona has raised $350 million in the latest round of funding. Open View Venture Partners took the lead in the round with assistance from San Francisco-based Iconiq Capital. Calendly is a company that is one of the...

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