Cinemas in Lagos Get Conditions to Reopen as Religious Centres Get Full Reopening Approval

BusinessEntertainmentNewsCinemas in Lagos Get Conditions to Reopen as Religious Centres Get Full Reopening Approval

Adeola Oladipupo (Correspondent)September 20, 2020

The government of Lagos State has lifted restrictions on the operations of cinemas with the condition that only 33 percent of the theatre’s capacity can be occupied. It said on Saturday that the permission to reopen was immediate. The Governor, Mr Babajide Sanwo-olu, said cinema operators must leave at least two empty seats between occupied ones. The West African Pilot News recalls that Cinema Exhibitors Association of Nigeria had asked the Governor to approve the...

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FG Apologizes for Asking All Banks, Other Account Holders to Re-register

BusinessNewsNigeriaFG Apologizes for Asking All Banks, Other Account Holders to Re-register

Bada Yusuf Amoo (Correspondent)September 18, 2020

The Federal Government of Nigeria on Friday, apologized to all account holders in the country’s financial institutions, for asking them to re-register their details again. On Thursday, the FG had asked all account holders in Nigerian banks, including insurance companies to fill and submit a self-confirmation form. The FG gave the order despite the possession of Bank Verification Number and the National Identification Number by account holders. It threatened that failure to do so, it...

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First Bank Nigeria CEO Gets Forbes Best of Africa Award

AfricaBusinessNewsFirst Bank Nigeria CEO Gets Forbes Best of Africa Award

Bada Yusuf Amoo (Correspondent)September 16, 2020

The Chief Executive Officer (CEO) of First Bank Nigeria Limited, Dr. Adesola Adeduntan, has been announced as the Forbes Best of Africa Award. The presentation of the award was held by Forbes, in conjunction with the Foreign Investment Network (FIN). The online roundtable discussion was themed, “Harnessing the Financial Resources and Social Capital of Philanthropy to Making a Lasting Impact.” The award was supported by the World Philanthropy Network and featured a keynote address by...

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Why Federal Government Shut Down Nigeria Refineries, NNPC Boss Kyari

BusinessNewsOil & GasWhy Federal Government Shut Down Nigeria Refineries, NNPC Boss Kyari

Bada Yusuf Amoo (Correspondent)September 10, 2020

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, had given reasons why the four oil refineries in the country have been shut down in Port Harcourt, Warri, and Kaduna. Kyari said this on Channels Television’s Politics Today programme on Wednesday. In his explanation, all four refineries are functioning below capacity, this has necessitated the need for the FG to stop them from operating altogether. The NNPC boss while responding to...

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Opposition is Playing Dirty Politics With the Subsidy Removal — Lai Mohammed

BusinessNewsOpposition is Playing Dirty Politics With the Subsidy Removal — Lai Mohammed

Beloved John (Staff Writer)September 8, 2020

The decision of the federal government to allow market forces to determine the retail price of petrol in Nigeria resulted to a rift among many as conflicting opinions flew left and right. While some commended the new electricity tariff and subsidy removal, canvassing for structural reforms, others kicked against the proposition including the People’s Democratic Party (PDP). The opposition party urged the government to announce the total removal of petroleum subsidy and under-recovery through a...

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Income Tax: FIRS Inaugurates Online Portal for Financial Institutions

BusinessNewsNigeriaIncome Tax: FIRS Inaugurates Online Portal for Financial Institutions

PilotnewsSeptember 6, 2020

The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country. FIRS Director, Communications and Liaison, Mr Abdullahi Ahmad, said this in a statement in Abuja on Sunday. Ahmad said the step was part of the service’s ongoing reforms to align the nation’s tax system with global standards. He quoted the Executive Chairman, FIRS, Mr Muhammad Nami...

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Alleged Misconduct: PCN Seals 157 Pharmacies, 791 Patent Medicine Shops in August-Registrar

BusinessLaw & JusticeNewsNigeriaAlleged Misconduct: PCN Seals 157 Pharmacies, 791 Patent Medicine Shops in August-Registrar

PilotnewsSeptember 5, 2020

The Pharmacists Council of Nigeria (PCN) has shut down 157 pharmacies and 791 patent medicine shops in Kano and Lagos in August over alleged operational misconducts. Dr Elijah Mohammed, PCN Registrar disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Saturday while giving an update of the council’s activities in August 2020. He noted that the council, in the course of its National Enforcement activity visited Lagos and Kano...

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Do Local Refining to Eliminate Sector Problems – IPMAN

BusinessLabourNewsDo Local Refining to Eliminate Sector Problems – IPMAN

PilotnewsSeptember 5, 2020

Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist. Ogundoyin stated this during an interview with the News Agency of Nigeria (NAN), on Saturday, in Ile-Ife. He expressed displeasure with the failure of public and private sector stakeholders to establish standard refineries across the country that would produce enough petroleum products for...

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FG to Investigate Dominant Pay-TV Service Providers Over Illegal Conduct

BusinessNewsFG to Investigate Dominant Pay-TV Service Providers Over Illegal Conduct

Beloved John (Staff Writer)September 2, 2020

The Federal Competition and Consumer Protection Commission (FCCPC)  has commenced an investigation into possible illegal conduct by dominant Pay-TV service providers in Nigeria. Babatunde Irukera, the Chief Executive Officer of the FCCPC disclosed this. “Upon credible information, public announcements by operators, and consumer perception analytics, the Federal Competition and Consumer Protection Commission (FCCPC) have opened an investigation into the conduct of dominant Pay-TV service providers,” the statement read. According to the Commission, in the last...

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Over 50% of PR agencies in Nigeria Are Reporting Revenues Of Less Than N5 million, Nigeria PR Report 2020 Reveals

BusinessNewsOver 50% of PR agencies in Nigeria Are Reporting Revenues Of Less Than N5 million, Nigeria PR Report 2020 Reveals

PilotnewsSeptember 1, 2020

Global Media and Public Relations agency, BlackHouse Media (BHM), has announced the release of the fourth edition of its annual PR report. Reputed as Nigeria’s first-ever Public Relations annual report, it is dedicated exclusively to chronicling data on trends, perceptions, challenges and prospects within the dynamic industry. Since its debut five years ago, the razor-sharp Nigeria PR Report has lived to its billing as the most authoritative voice in PR measurement and evaluation in Nigeria...

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