House Committee Invites Ministry of Justice to Shed Light on China/Nigeria Loan Agreement

BusinessForeign PolicyInfrastructureNewsHouse Committee Invites Ministry of Justice to Shed Light on China/Nigeria Loan Agreement

Bada Yusuf Amoo (Correspondent)August 19, 2020

The House of Representative Committee on Treaties, Protocols and Agreements has invited the Nigeria Ministry of Justice to explain more to the Nigeria public the sovereignty clause in the Nigeria/China loan agreement. This was disclosed on Tuesday by the Chairman of the Committee, Nicholas Ossai, at the sitting of the panel, which was investigating the external loans and commercial agreements signed by Nigeria. The Punch in its investigation revealed that there were indications that the...

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Reps Reveal the Danger of Nigeria/China Loans, Says Sovereignty Clause is Dangerous

InfrastructureMoneyNewsNigeriaReps Reveal the Danger of Nigeria/China Loans, Says Sovereignty Clause is Dangerous

Bada Yusuf Amoo (Correspondent)August 18, 2020

The House of Representatives on Monday faulted the sovereignty clause in Nigeria/China loan agreement, saying the sovereignty clause is dangerous. This was stated in Abuja by the Chairman of the House Committee on Treaties, Protocols and Agreements, Nichola Ossai, during the investigative hearing on external loans and commercial agreements. Ossai added that Nigeria’s loan agreement with the Asian country was only being governed by Chinese laws. He added that the Federal Government of Nigeria in...

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Public Officials Desperately Obtain Loans Without Proper Scrutiny of Agreements — Reps

InfrastructureMoneyNewsPublic Officials Desperately Obtain Loans Without Proper Scrutiny of Agreements — Reps

Beloved John (Staff Writer)August 17, 2020

The House of Reps says the Nigerian government officials signed empty repayment loan documents for the development of the Nigerian Rail sector even before the terms of the loans were negotiated. On Monday, during the investigative hearing on the review of bilateral loan agreements and commercial contract agreements by ministries, Hon. Ossai Nicholas Ossai, the chairman, House Committee on Treaties, Protocols, and Agreements, stated that the Ministry of Transportation signed a commercial contract worth $33...

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Lagos Government Slashes Licence, Renewal Fee for Uber, Bolt, Others by 20%,

BusinessNewsLagos Government Slashes Licence, Renewal Fee for Uber, Bolt, Others by 20%,

Adeola Oladipupo (Correspondent)August 17, 2020

…Extends implementation date by 7 days …Drivers now to pay N20 for Road Improvement Fund on each trip The Lagos State government has announced a 20 per cent reduction in the operational license fee for e-hailing firms and taxi companies. Last week, the West African Pilot News reported that the State government ordered e-hailing firms with less than 1,000 drivers to pay N10 million licence fee, while firms with more than 1,000 drivers pay N25...

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Customs Intercepts Vehicles, Rice Worth N10bn

BusinessNewsCustoms Intercepts Vehicles, Rice Worth N10bn

PilotnewsAugust 17, 2020

The Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service (NCS), on Sunday announced a single seizure of contrabands with Duty Paid Value (DPV) of N10 billion. The Customs Area Controller (CAC), Usman Yahaya in a statement in Lagos, said that the seizure made in one day was at Ido, Eruwa Road in Ibadan. The statement was signed by the Public Relations Officer of the Unit, Peter Duniya. According to him, the contraband...

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COVID-19: States to Get $2.5m Performance-based Grants for Tax Relief

CoronavirusEconomyNewsCOVID-19: States to Get $2.5m Performance-based Grants for Tax Relief

PilotnewsAugust 17, 2020

The Nigerian Governors’ Forum (NGF) on Sunday said that each state government would receive USD2.5 million performance-based grants for implementing tax relief programmes for individual taxpayers and businesses to mitigate COVID-19 impact. The forum disclosed this in a statement issued by the Head, Media and Public Affairs of NGF Secretariat, Mr. Abdulrazaque Bello-Barkindo, in Abuja on Sunday,  after a virtual meeting jointly organized by the World Bank and the forum. The forum, however, noted that only states...

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IPMAN to Shutdown Operations in Anambra in Solidarity With Member

EconomyNewsIPMAN to Shutdown Operations in Anambra in Solidarity With Member

PilotnewsAugust 16, 2020

Following last-minute intervention by the Anambra government, members of Independent Petroleum Marketers of Nigeria (IPMAN) in the state, will now shut down operations on Aug. 25, across the state. The impending strike is in solidarity with Siluch Oil and Gas Limited, an IPMAN member, being owed N13.6 million for petroleum products it supplied to Transport Company of Anambra State (TRACAS), since 2017. IPMAN had on Aug.4, issued a 21-day ultimatum to the state government, to pay...

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Our Borrowings Are Justified – FG Says

InfrastructureMoneyNewsPoliticsOur Borrowings Are Justified – FG Says

PilotnewsAugust 16, 2020

The Federal Government says the funds it has borrowed so far are justifiable because they are being used for the development of critical infrastructure that will benefit Nigerians The Minister of Information and Culture, Alhaji Lai Mohammed stated this at the Obafemi Awolowo terminal end of the Lagos-Ibadan standard gauge rail project. The News Agency of Nigeria (NAN) reports that Mohammed and Minister of Transportation Rotimi Amaechi embarked on inspection tour of the 156km modern rail...

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Union Decries Proposed Relocation of Aba Cattle Market to Obehie

BusinessNewsNigeriaUnion Decries Proposed Relocation of Aba Cattle Market to Obehie

PilotnewsAugust 16, 2020

The President-General,  Asa Development Union (ADU), Dr. Onwubiko Dike, on Saturday decried the proposed relocation of the cattle market at Ogbor Hill, Aba to Obehie, Ukwa West Local Government Area. Dike spoke during a protest of Asa indigenous people of Ukwa West LGA, from Obehie-Akwete-Azumini-Ukanafun on the  Aba-Port Harcourt highway which caused gridlocks in the area for hours. According to him, the peaceful protest is to make it clear that Ukwa people are not willing...

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FG Moves to Prevent Job Losses in Aviation Sector

EconomyLabourNewsFG Moves to Prevent Job Losses in Aviation Sector

PilotnewsAugust 14, 2020

The Federal Government has called for social dialogue between the employers and the employees in the Aviation industry to prevent job losses. Sen. Chris Ngige, Minister of Labour and Employment, Dr. Chris Ngige, made the call in a statement, signed by Mr Charles Akpan, Deputy Director, Press and Public Relations in the ministry on Friday in Abuja. Ngige made the call during a conciliatory meeting with airline operators and the trade unions in the aviation...

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