Nigerian Government Threatens to Prosecute Citizens with Foreign Properties Who Evade Tax

InvestingLaw & JusticeNewsNigeriaNigerian Government Threatens to Prosecute Citizens with Foreign Properties Who Evade Tax

Bada Yusuf Amoo (Correspondent)May 22, 2020

The Federal Government of Nigeria had threatened to prosecute its citizens who were not paying tax on their properties in foreign countries. This was made known in a statement signed by the spokesperson of the Attorney General of the Federation, Abubakar Malami (SAN), Umar Gwandu on Thursday. The statement also stated that any bank or intermediary that helps any Nigerian citizen to shield such property would pay the fine which is equivalent to the cost...

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COVID-19: Plateau Govt Bans Commercial Tricycle Operations

BusinessCoronavirusNewsNigeriaCOVID-19: Plateau Govt Bans Commercial Tricycle Operations

PilotnewsMay 22, 2020

Gov. Simon Lalong of Plateau has banned the operation of commercial tricycles in the state with effect from Saturday, May 23, as part of efforts to curb the spread of the novel coronavirus (COVID-19). Lalong made the disclosure during a press briefing on update of COVID-19 in the state, on Thursday in Jos. The governor who was represented by the Secretary of the state Task Force on COVID-19,  Prof. Danladi Atu, expressed concern over the...

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Public Holidays: CBN Reschedules MPC Meeting

MoneyNewsNigeriaPublic Holidays: CBN Reschedules MPC Meeting

PilotnewsMay 21, 2020

The Central Bank of Nigeria (CBN) has rescheduled its Monetary Policy Committee (MPC) meeting from Monday and Tuesday May 25 and 26 to Thursday, May 28. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Thursday. Okorafor explained that the rescheduling of the meeting was due to the declaration of May 25 and May 26 as public holidays by the Federal Government to commemorate the Eid-el...

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Lagos Cuts 2020 Budget by 21 Per Cent

CoronavirusEconomyNewsNigeriaLagos Cuts 2020 Budget by 21 Per Cent

Adeola Oladipupo (Correspondent)May 21, 2020

The realities of the impact of COVID-19 on the economy have forced Lagos State to slash its 2020 budget which was initially approved by the State House of Assembly to N920.5 billion from N1,168.6 trillion, this was disclosed by the Commissioner for Economic Planning and Budget, Sam Egube. The Commissioner said the budget was revised to help mitigate the economic and social headwind precipitated by the novel Coronavirus pandemic in the state, according to Premium...

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UK Invests £20m in Africa’s Anti- COVID-19 Fund

AfricaCoronavirusInvestingNewsUK Invests £20m in Africa’s Anti- COVID-19 Fund

PilotnewsMay 21, 2020

United Kingdom on Thursday said it would be investing up to 20 million Pounds in the African Union’s new ‘Africa anti-COVID-19 fund’ to slow down the spread of coronavirus and save lives. The British High Commission in Nigeria said in a statement that the funding was announced by UK International Development Secretary, Anne-Marie Trevelyan. According to the statement, this makes the UK the largest national donor to the fund which was announced by Cyril Ramaphosa,...

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Demolish and Evacuate New Artisan Market, ENHA Urges Enugu State Government

BusinessCrime & SecurityNewsNigeriaDemolish and Evacuate New Artisan Market, ENHA Urges Enugu State Government

Ije Ulasi (Regional Correspondent)May 21, 2020

The Enugu State House of Assembly on Tuesday moved a motion of urgent public importance urging the Enugu State Government to demolish and evacuate the New Artisan Market situated along Enugu-Port Harcourt Expressway. In his words, the sponsor of the motion, Chinedu Okwu, member representing Aninri constituency described the horrendous activities going on at the New Artisan market as worse than that committed in Sodom and Gomorrah in the Bible. “The New Artisan Market has...

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UN Chief Urges Global Support for Africa as Virus Threatens Progress

AfricaInvestingNewsUN Chief Urges Global Support for Africa as Virus Threatens Progress

PilotnewsMay 20, 2020

United Nations Secretary-General, Antonio Guterres on Wednesday called for global solidarity with Africa, warning that the coronavirus pandemic threatens the continent’s progress. “It will aggravate long-standing inequalities and heighten hunger, malnutrition and vulnerability to disease,’’ Guterres said in a video message. According to him, already, demand for Africa’s commodities, tourism and remittances are declining. “The opening of the trade zone had been pushed back and millions could be pushed into extreme poverty,’’ Guterres said. The...

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COVID-19: FCT Council Enforces Suspension of Motorcycle Operations

BusinessCoronavirusHealthNewsNigeriaCOVID-19: FCT Council Enforces Suspension of Motorcycle Operations

PilotnewsMay 20, 2020

The Kuje Area Council in the FCT, has commenced enforcement of the suspension on all motorcycle operations in the area, aimed at curbing community spread of COVID-19. Mr Abdullahi Sabo, Chairman, Motorcycle Operators Restructuring Committee in Kuje, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday. NAN recalls that the council had on May 12, announced the suspension. Sabo said that the development followed the daily rise in confirmed cases...

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100 Countries Get COVID-19 Support From the World Bank

CoronavirusMoneyNewsWorld News100 Countries Get COVID-19 Support From the World Bank

Adeola Oladipupo (Correspondent)May 20, 2020

In what he described as the largest and fastest crisis response in the Bank’s history, David Malpass, World Bank Group President, said the bank has provided emergency COVID-19 assistance to 100 developing countries, home to seventy percent of the world’s population. In the wake of the pandemic, the World Bank pledged $160 billion in grants and financial support over a 15-month period, an initiative it says would “help developing countries respond to the health, social...

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COVID-19: NCDC provides Guidance for Businesses to Take Responsibility, Re-Open Safely

CoronavirusEconomyNigeriaCOVID-19: NCDC provides Guidance for Businesses to Take Responsibility, Re-Open Safely

PilotnewsMay 19, 2020

The Nigeria Centre for Disease Control (NCDC), says it will provide guidance for businesses to take responsibility and re-open safely, as it continues to work to stop the spread of Coronavirus (COVID-19). The Director-General (DG), of NCDC, Dr. Chikwe Ihekweazu, said this at the Presidential Task Force (PTF), media briefing on Monday, in Abuja. Iheakweazu said President Muhammadu Buhari, had expressed concerns over the re-opening of the economy when the PTF briefed him on the...

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