Buhari Inaugurates 17-Storey NCDMB Building, Pledges More Infrastructure

BusinessNewsNigeriaBuhari Inaugurates 17-Storey NCDMB Building, Pledges More Infrastructure

PilotnewsAugust 13, 2020

President Muhammadu Buhari on Thursday in Abuja pledged to spend more on infrastructure across the country, focusing on finishing projects delivered by local contractors and technology that create jobs for thousands of Nigerians. The president made the pledge at the virtual inauguration of the new headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa. According to him, the iconic 17-storey building, known as the Nigerian Content Tower, with the full...

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Nigeria Receives N3.2trn From Entertainment Industries

BusinessEntertainmentNewsNollywoodNigeria Receives N3.2trn From Entertainment Industries

PilotnewsAugust 13, 2020

The fashion industry, hospitality and tourism contributed over N3.2 trillion to the national economy, a report by the Federal Government’s Post Covid-19 Initiative Committee on the Creative Industry has revealed. The minister of Information and Culture, Alhaji Lai Mohammed on Thursday, gave an insight into the report recently submitted to the government by the committee led by ace comedian, Ali Baba. Mohammed, who was a guest on NAN Forum in Abuja, said that the recommendations...

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FCMB Debunk Claim, Says No Money Was Deposited into Account Linked to Magu

BusinessNewsFCMB Debunk Claim, Says No Money Was Deposited into Account Linked to Magu

Beloved John (Staff Writer)August 12, 2020

The management of First City Monument Bank (FCMB) has debunked claims of alleged deposit of N573 million into the account of an associate of the suspended chairman of the EFCC, Ibrahim Magu. Mr Magu who was suspended last month by President Muhammadu Buhari is currently under investigation for alleged corruption during his tenure as the acting chairman of the anti-corruption agency. Stories that the FCMB managing director, Adam Nuru, allegedly telling the panel that N573...

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Lagos Wants Uber, Bolt, Others to Pay 25 Million Licence Fee

BusinessNewsNigeriaLagos Wants Uber, Bolt, Others to Pay 25 Million Licence Fee

Adeola Oladipupo (Correspondent)August 12, 2020

…Also wants a 10 percent share of every ride transactions. New regulations for ride-hailing companies and taxi operators by the Lagos State Government is set to take effect on August 20. Tensions are gradually building as the regulation compels ride-hailing technology companies and taxi operators to pay an initial licence fee and subsequent yearly licence renewal. Companies with less than 1,000 drivers are required to pay N10 million licence fee, while firms with more than...

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FG Distributes 20,000 Cocoa Seedlings, Inputs to Imo Farmers

EconomyFoodFG Distributes 20,000 Cocoa Seedlings, Inputs to Imo Farmers

PilotnewsAugust 10, 2020

Federal Government in its bid to help cushion the effect of Coronavirus (COVID-19) has supported smallholder farmers in Imo State with 20,000 Cocoa seedlings and other improved seeds. The Minister of Agriculture and Rural Development, Sabo Nanono, in a statement issued by the Director of Information, Mr. Theodore Ogaziechi, said this on Sunday in Abuja. The minister said the Federal Government was committed to improving agriculture. Nanono said this during the official rollout ceremony of...

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BREAKING: Petroleum Tankers Drivers Begin Strike

BusinessNewsNigeriaOil & GasBREAKING: Petroleum Tankers Drivers Begin Strike

PilotnewsAugust 10, 2020

Petroleum Tanker Drivers in Lagos State have withdrawn their services as directed by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) beginning from Aug. 10. The state Chairman, NUPENG, Mr. Tayo Aboyeji made the confirmation in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. Aboyeji said that the strike began in the early hours of Aug. 10, following negotiation breakdown between the state government and the union. “Although, we...

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COVID-19: World Bank Approves $114.28m for Nigeria

CoronavirusMoneyNewsNigeriaCOVID-19: World Bank Approves $114.28m for Nigeria

PilotnewsAugust 8, 2020

World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with specific focus on state-level responses. According to a statement from the bank on Friday, the amount includes $100 million credit from the International Development Association (IDA) and $14.28 million grant from the Pandemic Emergency Financing Facility. It stated that the Federal Government would provide grants to thirty-six states and the Federal Capital Territory (FCT)...

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Governor Bala Apologies Over ‘’ Unmarried Women’’ Special Assistant

JobsNewsPoliticsGovernor Bala Apologies Over ‘’ Unmarried Women’’ Special Assistant

Ibrahim Abdul' Aziz (Correspondent)August 8, 2020

Bauchi State Governor Bala Mohammed has apologized to women in the state over the “unmarried women” appointment letter that went viral since Thursday. In a press release signed by the Secretary of the State Government Alhaji Sabiu Baba, the governor had approved the appointment of Balaraba Ibrahim, a special assistant on women affairs (unmarried). The letter has trended viral across on cyberspace, attracting bashing and condemnation on the State government. The state governor however in...

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The Niger Bridge Lighted Beyond Recognition on Life Lager’s Illumination Scheme

BusinessNewsNigeriaThe Niger Bridge Lighted Beyond Recognition on Life Lager’s Illumination Scheme

PilotnewsAugust 7, 2020

“The Bridge Is Looking More Beautiful Than Ever” – Commuters Laud Life Lager Over New Lights On The Niger Bridge Commuters moving in and out of the South-Eastern part of Nigeria have had more than just the freedom to travel again to cheer about, as Life Lager’s lighting of the Niger Bridge has brought another cause for excitement. Following the lift of the ban on interstate travel, Life Lager Beer embarked on a mission to...

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We Generated N3.09bn from Railway Operations in 2019 -NRC Boss

BusinessNewsNigeriaWe Generated N3.09bn from Railway Operations in 2019 -NRC Boss

PilotnewsAugust 7, 2020

Nigeria Railway Corporation (NRC) on Friday said it generated N3.09 billion in 2019 from train service operations nationwide. Mr Fidet Okhiria, NRC’s Managing Director in a statement signed by Mrs Taiye Elebiyo-Edeni, Media Assistant to the Minister of Transportation, said N1.5 billion of the sum came from the Abuja to Kaduna rail operations. Okhiria said that the Abuja to Kaduna rail line generated about N130 million monthly in 2019 as against the N80 million generated...

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