Illegal Mining: Task Force Arrests 17 Chinese, 10 Locals in Osun

BusinessCrime & SecurityNigeriaIllegal Mining: Task Force Arrests 17 Chinese, 10 Locals in Osun

PilotnewsMay 3, 2020

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...

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President Buhari Appoints NAICOM, NDIC Board Members

EconomyNigeriaPoliticsPresident Buhari Appoints NAICOM, NDIC Board Members

PilotnewsMay 3, 2020

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...

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West Africa Crude-Nigerian Export Programmes Shrink in June, May

AfricaCoronavirusEconomyWest Africa Crude-Nigerian Export Programmes Shrink in June, May

PilotnewsMay 3, 2020

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...

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Nigeria Could Have to ‘Replace’ $300 mln Abacha Loot if Misused – US

Foreign PolicyMoneyNigeriaUnited StatesNigeria Could Have to ‘Replace’ $300 mln Abacha Loot if Misused – US

PilotnewsMay 3, 2020

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...

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CBN Extends Micro Finance Banks’ Capital Requirement Deadline

MarketsMoneyNigeriaCBN Extends Micro Finance Banks’ Capital Requirement Deadline

Adeola Oladipupo (Correspondent)May 2, 2020

The Central Bank of Nigeria has extended by one year the deadline for microfinance banks in the country to comply with the minimum capital requirement directive. Kevin Amugo, director in the Financial Policy and Regulation Department at the apex bank stated in a circular addressed to all categories of microfinance banks in the country that the extension was due to consideration of the impact of the Covid-19 pandemic on economic activities. The CBN set different...

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Lockdown: Ugwuanyi Directs Partial Reopening of Ogbete Market May 4

CoronavirusEconomyNigeriaLockdown: Ugwuanyi Directs Partial Reopening of Ogbete Market May 4

PilotnewsMay 2, 2020

Enugu State government has directed a partial and gradual reopening of the Ogbete Main Market on May 4 following relaxation of the COVID-19 partial lockdown. A statement on Friday in Enugu by the Secretary to the State Government (SSG), Prof. Simon Ortuanya, said the decision was reached after a meeting between the government, traders, and security agencies. Ortuanya said that the parties agreed on a partial and guided reopening of the Ogbete Main Market in...

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Pakistani Govt. Allocates 50bn Rupees to Pay 3-Month Electricity Bills of SMEs

BusinessCoronavirusWorld NewsPakistani Govt. Allocates 50bn Rupees to Pay 3-Month Electricity Bills of SMEs

PilotnewsMay 2, 2020

The Pakistani government has allocated 50 billion rupees (about $309.2 million) to pay three-month electricity bills of small and medium-sized enterprises (SMEs). This is in a bid to support traders in mitigating their financial loss in COVID-19 outbreak and subsequent lockdown, local media reported Friday. Realising the woes of the SMEs, the government has allocated the money to provide relief in electricity bills, local daily the News quoted the country’s Minister for Industries and Production,...

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Why Atiku’s Gotel Comm Sacks Staff – GM El Yakubu

BusinessNewsNigeriaTV & RadioWhy Atiku’s Gotel Comm Sacks Staff – GM El Yakubu

Ibrahim Abdul' Aziz (Correspondent)May 1, 2020

Amidst controversy, the management of Gotel Radio and Television owned by the former Vice President Atiku Abubakar has clarified the rationale behind the sacking of  54 staff of the station. Gotel communications comprises of TV Gotel, Radio Gotel, and Gotel FM. Responding to the rationale, the General manager of the media conglomerate Muhammad El-Yakub said that ” The rationalization of staff at Gotel Communications Limited, a company under the umbrella of Priam Group, is a...

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Corona Virus: Kogi Directs Workers On GL 12, Above to Resume on Monday

CoronavirusEconomyNigeriaCorona Virus: Kogi Directs Workers On GL 12, Above to Resume on Monday

Beloved John (Staff Writer)May 1, 2020

The Kogi state governor, Yahaya Bello has permitted civil servants on Grade Level 12 and above in the state to resume work on Monday, May 4. He gave this directive on Friday in Lokoja, in a message issued to commemorate this year’s Workers’ Day. The statement, signed on his behalf by the state Head of Service, Mrs Deborah Ogunmola, congratulated workers on this year’s celebration, lauding their resilience and commitment to duties. He further expressed...

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“Familheey” Networking App Gets Major Updates, Including a COVID-19 Support Feature, COO

LifestyleMarketsTechnology“Familheey” Networking App Gets Major Updates, Including a COVID-19 Support Feature, COO

Adeola Oladipupo (Correspondent)May 1, 2020

In the wake of the COVID-19 pandemic, while many health systems across the world are struggling to provide care for patients, the global economy is taking a downturn. The impacts of the disease on people have left several individuals in need of support to survive a hard time. Realizing that many people all over the world would need different forms of support to make it through this trying time, developers of Familheey, a social networking...

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