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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Germany Suspends Beer Tax to Help Breweries During Pandemic

BusinessCoronavirusWorld NewsGermany Suspends Beer Tax to Help Breweries During Pandemic

PilotnewsApril 6, 2020

The German Government on Monday moved to give breweries greater financial leeway during the novel coronavirus pandemic by giving them the option to defer the annual beer tax. According to the spokesman for the Federal Ministry of Finance, the Federal Ministry of Finance and its state counterparts agreed that beer tax can be deferred to improve liquidity of breweries in current difficult situation and to protect jobs. The ministry said applications to defer the tax...

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Study Finds About 20 Million Jobs in Africa at Risk From Impact of Coronavirus Pandemic

AfricaCoronavirusEconomyStudy Finds About 20 Million Jobs in Africa at Risk From Impact of Coronavirus Pandemic

PilotnewsApril 5, 2020

About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the coronavirus pandemic, according to an African Union (AU) study. So far, Africa accounts for just a fraction of total cases of the disease which has infected more than one million people worldwide, according to a Reuters tally. But African economies are already facing an impending global economic downturn, plummeting oil and commodity prices and...

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Why We Can’t sell petrol below N125 per litre – IPMAN

EconomyNewsNigeriaWhy We Can’t sell petrol below N125 per litre – IPMAN

PilotnewsApril 4, 2020

The Ibadan branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members will not sell the petroleum motor spirit (PMS) below N125 per litre. This is contained in a circular signed by its Secretary, Alhaji Ismail Abdul-Majeed, and made available to newsmen on Friday in Ibadan. The News Agency of Nigeria(NAN) recalls that the Federal Government had within the last few weeks announced a  downward review twice from its initial N145. The Federal...

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COVID-19: Nigeria Private Sector Coalition Contribution Hits N19.4bn

BusinessCoronavirusNigeriaCOVID-19: Nigeria Private Sector Coalition Contribution Hits N19.4bn

PilotnewsApril 4, 2020

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic. The update of the contribution was made known in a document released by Mr Isaac Okorafor, Director, Communications of the Central Bank of Nigeria (CBN) in Abuja on Friday. Okorafor disclosed that Wacot Rice Limited, Tolaram Africa Enterprises and Bank of Industry made donations of N500 million each. He said former Vice President, Atiku Abubakar among...

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Lock Down: Adamawa Residents Groans as Hunger, Hardship Bites

CoronavirusEconomyNigeriaLock Down: Adamawa Residents Groans as Hunger, Hardship Bites

Ibrahim Abdul' Aziz (Correspondent)April 4, 2020

Residents of Adamawa State are now groaning, alleging that they were put in a state of unfathomable hardship and hunger by the lockdown order which entered day 4 amidst a dearth of any palliative measure. Governor Ahmadu Umaru Fintiri has on March 30 announced the lockdown order which came into effect midnight of March 31, 2020. But four days into the lockdown, residents say they did not get any relief package from either the state or the...

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COVID-19: Families Hang On to “Familheey Apps” to Bridge the Quarantine Gap

BusinessLifestyleTechnologyCOVID-19: Families Hang On to “Familheey Apps” to Bridge the Quarantine Gap

Adeola Oladipupo (Correspondent)April 4, 2020

Families all over the world are now relying on a popular family-oriented social media application, “Familheey” as a bonding tool to suppress the quarantine era. Familheey is a social networking Apps that help not just families to connect, engage and grow, but also assist organizations, communities, and social groups at various engagement capacities. “Whatever family means to you, with Familheey web-based App, you can create a space where you interact and communicate in an organized...

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