Senate Appropriation Committee to Begin Processing 2021 Budget Estimates Oct. 16

EconomyNewsNigeriaPoliticsSenate Appropriation Committee to Begin Processing 2021 Budget Estimates Oct. 16

PilotnewsOctober 16, 2020

The Senate Committee on Appropriation says it will begin the processing of the 2021 budget estimates on Oct. 16. Chairman of the Committee, Sen. Barau Jibril (APC Kano), made the disclosure while unveiling the timetable for processing of 2021 budget estimates by the National Assembly. He said the timetable was harmonised by the Senate and the House of Representatives appropriation committees. The Senate on Oct. 15, passed for second reading the N13.08 trillion appropriation estimates presented...

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MTN Group Gets Most Valuable African Brand Title

AfricaBusinessNewsMTN Group Gets Most Valuable African Brand Title

PilotnewsOctober 15, 2020

The MTN Group on Thursday said it has been named the most valuable African brand in the Brand Finance Africa 150 ranking in 2020. Its Group Executive, Corporate Affairs, Nompilo Morafo, said the award was ascribed a brand value of 3.3 billion dollars to the group. Brand value is the net economic benefit that a brand owner would achieve by licencing the brand in the open market. In its survey by Brand Finance, it said, “Over the last...

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Despite Court Order, Kwara Workers Begin Strike

JobsNewsNigeriaDespite Court Order, Kwara Workers Begin Strike

Bada Yusuf Amoo (Correspondent)October 14, 2020

The Kwara State public service workers on Tuesday commeneced an industrial action to make their demand for the implementation of the ₦30,000 minimum wage known by the government as Labour leaders said they were never served any court injunction. Meanwhile, the state government said it has secured court injunction from the National Industrial Court, stopping the workers from going on strike, the state civil servants, however shunned their offices to comply with the directives of...

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FG Trains Youths, Women, to Combat Desertification

EnvironmentJobsNewsNigeriaFG Trains Youths, Women, to Combat Desertification

PilotnewsOctober 13, 2020

The Federal Government has put in place skill acquisition and entrepreneurship training, for youths and women to combat desertification and improve livelihood of communities affected by it. A statement signed by Mrs Pauline Sule, Head, Press and Public Relations, National Agency for the Great Green Wall (NAGGW) in Abuja on Monday, said the programme is carried out by the agency. The statement said this became necessary following the devastating effects of desertification and land degradation...

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Salaries of Varsity Workers Who Have Not Enrolled in FG IPPIS Have Been Stopped

JobsNewsNigeriaSalaries of Varsity Workers Who Have Not Enrolled in FG IPPIS Have Been Stopped

Bada Yusuf Amoo (Correspondent)October 11, 2020

The Federal Government of Nigeria has stopped the salaries of any federal university employee who have not enrolled on the Integrated Personnel and Payroll Information System. The order of the Federal Government would take effect from November 2020. The FG gave the directive in its latest memo from the Office of the Accountant General of the Federation (AGF) with reference number OAGF/IPPIS/446/1/159. The memo is dated October 8 and signed by the Director of IPPIS,...

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FG Set to Relax Conditions Attached to Mining Loan

BusinessNewsNigeriaFG Set to Relax Conditions Attached to Mining Loan

PilotnewsOctober 10, 2020

Mr Olamilekan Adegbite, the Minister of Mines and Steel Development, says the ministry is relaxing conditions attached on mining intervention loan meant for miners. Adegbite told the News Agency of Nigeria on Friday in Abuja that the conditions would be relaxed for artisanal miners to enable them access the loan which was domiciled with the Bank of Industry (BOI) NAN recalls that the Ministry of Mines and Steel Development (MMSD) had signed a Memorandum of...

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Customs Generates N13.11bn From Onne Sea Port in September – Controller

EconomyNewsNigeriaCustoms Generates N13.11bn From Onne Sea Port in September – Controller

PilotnewsOctober 9, 2020

The Nigeria Customs Service, Area II Command, Onne Port, Rivers, says it generated over N13.11 billion in September. This is contained in a statement issued in Port Harcourt by the command’s Public Relations Officer, Mrs Ifeoma Ojekwu on Friday. The Controller of the command, Comptroller Auwal Mohammed, is quoted to have described the figure as the highest in 37 years of custom’s operations in the port. Mohammed stated that the command generated the revenue by...

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President Buhari’s Full Speech of 2021 Budget Presentation at The National Assembly

EconomyNewsNigeriaPresident Buhari’s Full Speech of 2021 Budget Presentation at The National Assembly

PilotnewsOctober 8, 2020

Budget of Economic Recovery and Resilience  Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic of Nigeria At the Joint Session of the National Assembly, Abuja  Thursday, 8th October 2020 PROTOCOLS It is with pleasure that I present the 2021 Federal Budget Proposals to this Joint Session of the National Assembly. Distinguished and Honourable Leaders, and Members of the National Assembly, at this juncture, I wish to commend your tremendous efforts in approving the revision...

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Lack of Recapitalization Hampers Operations of Adamawa State Homes and Savings Yola

EconomyNewsNigeriaLack of Recapitalization Hampers Operations of Adamawa State Homes and Savings Yola

Hassan Umar Shallpella (Regional Correspondent)October 7, 2020

The Central Bank of Nigeria (CBN) has directed that Mortgage banks in the country should have a capital base of two point five billion naira (N2.5b) for effective banking services. However, the new order is affecting the operations of Adamawa State Homes and Savings Yola who have only a share capital of one hundred and forty two million naira (N142m). Managing Director and Chief Executive Officer, Adamawa Homes and Savings Limited, Dr. Giscard Norris Stanley,...

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Senate Reduces Buhari’s Entourage to Present Budget

EconomyNewsNigeriaPoliticsSenate Reduces Buhari’s Entourage to Present Budget

Bada Yusuf Amoo (Correspondent)October 7, 2020

The Senate on Wednesday said that only those involved in budget preparation would be allowed to accompany President Muhammadu Buhari to the Nation Assembly on Thursday. Buhari is expected to present the 2021 national budget estimates to the joint session of the federal parliament. The Senate President, Ahmed Lawan, told his colleagues at plenary that the joint session would take place in the House of Representatives chamber. Lawan said, “This time around because of the...

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