Lawan, Gbajabiamila Meet Ministers on Planned 2020 Budget Review

CoronavirusEconomyNigeriaLawan, Gbajabiamila Meet Ministers on Planned 2020 Budget Review

PilotnewsMarch 26, 2020

The leadership of the National Assembly on Wednesday met with some ministers and heads of agencies of Federal Government to brainstorm on the impact of COVID-19 pandemic on the Nigerian economy. Ezrel Tabiowo, Special Assistant, Press to President of Senate, Ahmad Lawan in a statement, indicated that the meeting focused on a planned review of the 2020 budget. It also focused on Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) passed in 2019....

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COVID-19: Dana Airlines Suspends Flights Operations

CoronavirusEconomyNigeriaCOVID-19: Dana Airlines Suspends Flights Operations

PilotnewsMarch 26, 2020

Dana Airlines has announced the suspension of all its scheduled flight operations for 14 days, effective from midnight of March 25. Mr. Kingsley Ezenwa, Media and Communications Manager of the airlines, made this known in a statement in Lagos on Wednesday. Ezenwa said that the suspension was in response to the recent developments on COVID-19, and the need to support the efforts of the government to stem the further spread of the pandemic. He said...

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COVID-19: Domestic Flights Still in Operation – FAAN

CoronavirusEconomyNigeriaCOVID-19: Domestic Flights Still in Operation – FAAN

PilotnewsMarch 24, 2020

The Federal Airports Authority of Nigeria (FAAN) said that passengers could still travel within Nigeria in spite of the suspension of international flight operations. Mrs. Henrietta Yakubu, the General Manager, Corporate Affairs of FAAN, said this in a statement in Lagos on Tuesday. Yakubu said: “We also use this opportunity to request all passengers and other stakeholders to adhere strictly to all travel instructions and guidance in the interest of all.” News Agency of Nigeria...

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COVID-19: UBA, Transcorp Postpone 2019 AGMs

BusinessCoronavirusNigeriaCOVID-19: UBA, Transcorp Postpone 2019 AGMs

PilotnewsMarch 23, 2020

United Bank for Africa (UBA) and Transcorp have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19. The companies stated this in a statement to their shareholders and stakeholders posted on the Nigerian Stock Exchange (NSE) web site. The News Agency of Nigeria (NAN) reports that UBA’s 58th ATM was initially slated for March 27, at the Eko Hotels & Suites, Victoria Island, Lagos, while Transcorp was supposed...

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FG Plans to Ban Importation of Milk by 2023

BusinessNigeriaFG Plans to Ban Importation of Milk by 2023

PilotnewsMarch 20, 2020

The Federal Government says it is planning to ban the importation of milk in the next two to three years in the country. Alhaji Sabo Nanono, the Minister of Agriculture and Rural Development said this at the News Agency of Nigeria (NAN) forum, in Abuja. Nanono said that the government had the mechanism with effective plans and strategies to ensure that it worked out positively. “I am telling you that it will work out well...

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Enugu Wants Outstanding Reimbursement on FG’s Road Reconstruction

InfrastructureMoneyNigeriaEnugu Wants Outstanding Reimbursement on FG’s Road Reconstruction

PilotnewsMarch 19, 2020

Gov. Ifeanyi Ugwuanyi of Enugu State has called for the release of N23.7 billion he claims as outstanding of certified reimbursement expenditure for rehabilitation of federal roads in the state between 2007 and 2018. He made the call when members of the Senate Committee on Works paid him a courtesy visit in Enugu on Thursday. The governor recalled that the state government was invited to a national ad hoc committee on promissory note programme and...

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BREAKING: PPPRA’s Petroleum Pump Price Cap Declines

EconomyNewsNigeriaBREAKING: PPPRA’s Petroleum Pump Price Cap Declines

Beloved John (Staff Writer)March 19, 2020

The Petroleum Product Pricing Regulatory Agency(PPPRA) has announced a sharp cut in the Expected Open Market Price (EOMP) of petroleum and crude oil. Following the Slash in the pump price of petrol to 125 per litre by the Nigeria National Petroleum Commission(NNPC), the petroleum agency signaled a drop in it Open Market price. A statement by the agency said, the move was in line with the government directives to reduce the retail price of Petro...

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Africa: Oil and Debt

AfricaEconomyAfrica: Oil and Debt

PilotnewsMarch 15, 2020

Last month, World Bank’s managing director David Malpass expressed concern about the amount of debt some of Africa’s economies were piling on. In particular, he worried about the lack of transparency in some of the loan deals being struck with China. Africa’s debt load has soared some 150% to over $583 billion in 2018 from $236 billion 10 years earlier, according to World Bank data. A sizable chunk of that debt in Africa is made...

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$350m World Bank Loan: Senator Uba Sani says ‘Hold me if El-Rufai Fails’ – Sen. Uba

MoneyNigeria$350m World Bank Loan: Senator Uba Sani says ‘Hold me if El-Rufai Fails’ – Sen. Uba

Adeola Oladipupo (Correspondent)March 12, 2020

The Senator Representing Kaduna Central, Mr. Uba Sani, has guaranteed that Kaduna State Governor, Nasir El-Rufai would utilise the $350 million World Bank loan for the welfare of the people of Kaduna State. Mr. Sani said this following the approval of the loan by both the Senate and the House of Representatives. “I have assured my colleagues in both the Senate and the House of Representatives that it is not possible for the Governor of...

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El-Rufai sets to demolish Kaduna Market, orders traders to leave within three days

MarketsNewsNigeriaEl-Rufai sets to demolish Kaduna Market, orders traders to leave within three days

Adeola Oladipupo (Correspondent)March 7, 2020

The Kaduna State Government has informed occupants of the Kasuwan Barchi market in Tudun-Wada of Kaduna Central Local Government of the state to leave the area in three days. The eviction notice which was issued by the Director-General of the Kaduna State Urban Planning and Development Authority, KASUPDA, Ismail Umar-Dikko, to the occupants of the market on Friday, is to pave way for the Urban Renewal Projects by Governor Nasir El-Rufai. Part of the notice...

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