Poultry farmers in Plateau have decried the rate of egg glut in the state and country at large because of the outbreak of Coronavirus (COVID-19) pandemic. Mr Sunday Rogo, the state Vice Chairman of the Poultry Association of Nigeria (PAN), said this in an interview with the News Agency of Nigeria (NAN) on Monday in Jos. He told NAN that poultry farmers were floating the market with eggs without available buyers, hence making the farmers...
Access Bank Plc on Monday denied news making rounds that it would sack 75 percent of its workforce and as well close over 300 branches. The bank denied this in a statement signed by Mr. Sunday Ekwochi, its Company Secretary, posted on the Nigerian Stock Exchange (NSE) website. It said the closure of a bank branch was an action that required the approval of the Central Bank of Nigeria (CBN). According to the bank, it...
The Joint Admissions and Matriculation Board (JAMB) has made an interim remittance of N3.5 billion to the Federal Government consolidated revenue account. A statement by Dr. Fabian Benjamin, JAMB’s Head of Media in Abuja, explained that the remittance was in line with Prof. Ishaq Oloyede’s avowed commitment to remit wholly, excess funds generated from its operations, to the Federal Government. According to JAMB, payment of over N3.5 billion had already been made to candidates by...
The All Progressive Congress (APC) National Leader, Chief Bola Tinubu, on Sunday urged the Central Bank of Nigeria to reduce interest rates to avoid stifling domestic investment and income during the COVID-19 crisis. Tinubu made the call in a statement in Lagos. The APC leader said that the reduction would make the COVID-19 crisis to have a positive economic aspect. He advised the Federal Government to avail tax reliefs that would aid financial institutions to...
The Police Command in Enugu State has assured the public of professional enforcement of the partial and guided re-opening of popular Ogbete Main Market in Enugu. The Command’s Public Relations Officer, ASP Daniel Ndukwe, said in a statement in Enugu that the command also enjoined affected shop owners to comply with government directives on the re-opening of the market. Ndukwe said that the assurance had become necessary following a resolution reached between government, security agencies,...
The Central Bank of Nigeria (CBN) and Bankers’ Committee on Sunday suspended retrenchment or laying-off of any staff of banks, whether full or part time. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja. Okorafor explained that the decision was taken to minimise and mitigate the negative impact of the COVID-19 pandemic on families and livelihoods. He said to give effect to this measure, the express approval...
The Osun Joint Task Force charged with fighting assorted crimes, has apprehended 27 persons suspected to be illegal miners in the state. Mr. Abdullahi Binuyo, the Deputy Chief of Staff to Gov. Gboyega Oyetola, who disclosed this on Sunday in Osogbo, said that the suspects comprised of 17 Chinese nationals and 10 locals. Binuyo said that the suspects were arrested following a coordinated sting operation in Ilesa and Ife areas of the state. The official...
President Muhammadu Buhari has approved the appointment of Mr. Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). Mr. Yunusa Abdullahi, Special Adviser, Media, and Communications to the Minister of Finance, Budget, and National Planning disclosed this in a statement in Abuja on Sunday. Thomas replaced Malam Mohammed Kari, who was Acting Commissioner for Insurance/CEO of the commission. The News Agency of Nigeria (NAN) reports that the new appointee has...
Export programmes for West African crudes emerged on Friday and showed lower volumes for this month and the next, in line with unprecedented output cuts by producers and a lack of demand. Royal Dutch Shell circulated its export schedule for June loadings of Nigerian Bonny Light and Bonga crude, with the former set to fall sharply in June to 190,000 barrels per day (bpd) from 245,000 planned for May. Loading plans have been disrupted as Nigeria...
In a very strongly worded statement, the United States of America Justice Department made it clear what consequence awaits Nigeria if it doesn’t properly account for the returned Abacha loot. Nigeria must use money repatriated from funds looted by former military ruler General Sani Abacha on agreed public projects or be forced to “replace” it, the U.S. Justice Department said. The United States and the British dependency of Jersey agreed with the Nigerian government in...
