JUST IN: COVID-19: ICPC Sets Up Funds Monitoring Team

CoronavirusMoneyNigeriaJUST IN: COVID-19: ICPC Sets Up Funds Monitoring Team

Ibrahim Abdul' Aziz (Correspondent)April 10, 2020

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has set up an independent COVID-19 Funds Monitoring Team charged with the prevention of possible financial abuses that may arise in the management of the Covid-19 special intervention funds. Spokesperson for the Commission, Mrs. Rasheedat A. Okoduwa, who dropped the hints in a statement said that the team will monitor the disbursement and utilization of the funds, donations and other receipts mobilised towards combating the...

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Saudi Energy Minister Calls for Affordable Energy Supply at G20 Meeting

BusinessWorld NewsSaudi Energy Minister Calls for Affordable Energy Supply at G20 Meeting

PilotnewsApril 10, 2020

DUBAI, April 10 (Reuters) – The Saudi energy minister told a conference of the G20 group of the world’s largest economies on Friday that ensuring affordable energy supply is key to facilitating a global economic recovery. “Having affordable, reliable, accessible energy supply is considered a necessity to enable basic services, including health care, and help our efforts in assisting economic recovery,” Prince Abdel Abdulaziz bin Salman said in an opening speech to a video-conference of...

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FG Set to Legalise Modular Refineries – Sen Enang

InvestingNewsNigeriaFG Set to Legalise Modular Refineries – Sen Enang

PilotnewsApril 9, 2020

Sen. Ita Enang, the Senior Special Assistant to the President on Niger Delta Affairs, has said that the Federal Government was planning to legalise Modular Refineries in the country. Enang made this known when he featured on a News Agency of Nigeria (NAN) Forum on Thursday in Abuja. He said that his office had, over a period of time, engaged some artisanal (illegal) oil refiners in the Niger Delta region and had seen the need...

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AfDB Unveils $10bn Response Facility to Curb COVID-19 in Africa

AfricaCoronavirusEconomyAfDB Unveils $10bn Response Facility to Curb COVID-19 in Africa

PilotnewsApril 9, 2020

The African Development Bank (AfDB) Group has announced 10 billion dollars COVID-19 Response Facility to assist regional member countries to fight the pandemic. The bank’s Communication and External Relations Department made this known in a statement on Wednesday. The bank noted that the facility was the latest measure taken by it to respond to the pandemic and would be the institution’s primary channel for its efforts to address the crisis. The AfDB said the fund would...

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Why Nasarawa LGs Didn’t Pay March Salaries in Full – Gov. Sule

CoronavirusEconomyNigeriaWhy Nasarawa LGs Didn’t Pay March Salaries in Full – Gov. Sule

PilotnewsApril 8, 2020

Gov. Abdullahi Sule of Nasarawa State has explained why some local government councils in the state were not able to pay the March salaries in full. The governor, who offered the explanation while hosting officials of the Nasarawa State Students Association (NASSA) on Tuesday in Lafia, said it was due to the economic challenges posed by the outbreak of COVID-19 pandemic. Sule said even though the state government was able to pay its workers and...

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COVID-9: Our 10,000 Are Now Suffering–Taraba Keke NAPEP Riders Tell Gov. Ishaku

BusinessCoronavirusNigeriaCOVID-9: Our 10,000 Are Now Suffering–Taraba Keke NAPEP Riders Tell Gov. Ishaku

Ibrahim Abdul' Aziz (Correspondent)April 8, 2020

As economic strains continue to bite amidst ravaging COVID-19 pandemic, commercial tricycles riders in Taraba state are lamenting that with the lockdown order imposed many are now finding it difficult to feed their families. The riders regret that contrary to claims that government palliative was doled out in some states, residents are yet to get a dime. In a statement, the Association of Tricycle Riders in Taraba appealed to Governor Darius Ishaku to review the...

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Anti-smuggling: CBN partners DSS Seizes 1,207 Bags of Foreign Rice, Others in Adamawa

EconomyNational SecurityNigeriaAnti-smuggling: CBN partners DSS Seizes 1,207 Bags of Foreign Rice, Others in Adamawa

Ibrahim Abdul' Aziz (Correspondent)April 8, 2020

The  Central Bank of Nigeria (CBN), has in conjunction with the Department of Security Services initiated a robust anti-smuggling drive aimed at ensuring  the success of Federal government’s drive in moving  Nigeria’s economy from oil to agriculture. At a  press conference in Yola, the Adamawa State, CBN branch controller, Mr. Jatau Sadu said that so far a number of contraband were seized by the DSS following raids on many properties where the contrabands were hidden. ” The DSS raided...

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Adamawa Gov.Fintiri shares N20 Millions to KEKE NAPEP Operators to Cushion Lockdown Hardship

CoronavirusEconomyPoliticsAdamawa Gov.Fintiri shares N20 Millions to KEKE NAPEP Operators to Cushion Lockdown Hardship

Ibrahim Abdul' Aziz (Correspondent)April 6, 2020

Adamawa state government on Monday released the sum of N20 million to commercial motorcycle operators popularly known as Keke NAPEP operators to cushion the hardship caused by the 14 days lockdown in the state. The state government commended the patriotism and the ultimate sacrifice and understanding of the citizens of the State towards combating the ravaging Coronavirus pandemic. Mr. Humwashi Wonosikou, Press Secretary to the State Governor  Ahmadu Umaru Fintiri on behalf of the Adamawa...

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Lockdown: We Are Sort to Begging Neighbors to Survive – Adamawa Residents Groan

CoronavirusEconomyNigeriaLockdown: We Are Sort to Begging Neighbors to Survive – Adamawa Residents Groan

Ibrahim Abdul' Aziz (Correspondent)April 6, 2020

As the lockdown slammed to contain the spread of the novel coronavirus pandemic entered the six-day, residents in Adamawa have now resorted to begging to eke a  living, alleging that they are yet to receive any palliative either from the Federal, state or local governments. This is coming as the state emergency agency (ADSEMA) distributed relief materials in its stores to local government councils as a palliative to downtrodden. Residents spoken to, decry that despite...

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BMW Sales Collapse By More Than 20% Due to Coronavirus Pandemic

BusinessCoronavirusWorld NewsBMW Sales Collapse By More Than 20% Due to Coronavirus Pandemic

PilotnewsApril 6, 2020

German carmaker BMW sold 20.6 percent fewer cars in the first quarter of 2020 than last year, with the coronavirus pandemic leading sales to tumble in China, Europe, and the U.S. The German carmaker announced this in a statement on Monday. “Around 80 percent of all retail outlets in Europe and 70 percent of those in the U.S. are currently closed due to the coronavirus,” BMW said. The company is “flexibly adapting” its production volumes...

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