Twitter’s CEO Reconsidering Moving to Africa Due to Coronavirus

Coronavirus outbreak has made Twitter’s CEO Jack Dorsey to rethink his plans to spend up to six months in Africa, after he made the announcement in November 2019. Although he did not mention the country he would stay, there are speculations that it could be one of Ethiopia, Ghana, Nigeria or South Africa. Mr. Dorsey made this announcement during the Morgan Stanley conference in California that he would reconsider the idea, citing coronavirus outbreak. He...

Nigerian Considering Budget Review as Covid-19 Strikes Oil Prices

The Federal Government of Nigeria is considering a review of the 2020 budget in order to make plans for the drop in oil prices triggered by coronavirus outbreak globally, Mrs. Zainab Ahmed, the Minister of Finance/Budget Planning said on Wednesday. According to the minister, the government was troubled by the fall in oil revenue and that a mid-term review of the budget was on the table. Briefing newsmen after the Federal Executive Council meeting, the...

Buhari’s $22.7 Billion Loan Request Approved as Some Senators Alleged Exclusion of Some Regions

After a heated debate and a closed- door session that lasted 45 minutes, lawmakers in the Senate have approved President Buhari’s $22.7 billion loan request to fund key infrastructural projects, four years after it was rejected by the Saraki-led eight Senate. The loan request was given a green-light after the report of the Senate committee on Local and Foreign debts was read and recommended for approval by its chairman, Clifford Ordia (PDP, Edo). But some...

ENUGU: More Agricultural Extension Workers Needed in Enugu State

The Enugu State Agricultural Development Programme (ENADEP), Programme Manager Dr. Matthias Onu has lamented over the inadequate number of extension workers in the state. Dr. Onu in an interview on Tuesday stated, “Inadequate extension workers affect ENADEP from achieving its objective of developing and promoting agriculture especially in the rural communities”. He further said, “For an effective and efficient delivery and accomplishment of the programme, about 365 extension workers is needed but presently the state...

Dana Air Introduces Additional Flights on Lagos, Abuja, P/Harcourt, Uyo Routes

Dana Air has introduced additional flights on its Lagos, Abuja, Port Harcourt and Uyo routes as part of its route consolidation and expansion project. Mr Kinglsey Ezenwa, the Media and Communications Manager of the airline, made this known in a statement in Lagos on Thursday. Ezenwa said the additional flights which would be operated by the airline’s latest Boeing 737 aircraft, would bring the total number of flights operated by the airline to 36 daily....

We Made $104million from Film, Music Industry in 2019 – FG

The Federal government says it made a total of $104 million from film and music industry in 2019. The Minister of Information and Culture, Lai Mohammed madder this known during an official visit to the Nigerian Tourism Development Corporation, NTDC  in Abuja. He described the Nigerian film industry as an untapped assets that needs to be explored for economy prosperity. According to Mohammed, the creative industry remains the fastest growing sector of the economy with $53 million and $51 million...

Nigeria: CBN Clarifies Position on Operation of Domiciliary Accounts

The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs). The CBN Director, Corporate Communications, Mr Issac Okorafor made the clarification while speaking to newsmen in Abuja on Sunday. A domiciliary account is a type of current account that allows you to fund it with foreign currencies such as dollars, pounds or euros and enables you to do foreign transactions on that...

Nigeria: VAT Increase Means More Money for States Governments, but Do Governors Need More Money?

Following the 7.5 percent Value Added Tax increase and implementation by Nigeria, the country’s Accountant-General, Ahmed Idris, has announced that states and Local Governments would get more funds beginning from February. The announcement which was received by many, especially state governors and local government officials — who had before now, claimed that they were not getting enough funds from the federal government – as a welcome development was made during the Federal Account Allocation Committee...

ENUGU: ESHA urges ministry of power to review monopoly in electricity

The Enugu State House of Assembly today urged the Federal Ministry of Power to review the monopoly enjoyed by the Enugu Electricity Distribution Company (EEDC). The lawmakers called for electricity deregulation which will deliver better benefits to the consumers, including lower prices and more efficient services. The lawmakers insist that deregulation will reduce EEDC monopoly control of power distribution, which will in turn benefit consumers – lowering prices while expanding services and giving the public...

Used clothes: Dealers say rush for pant, bra, others propelling business

Dealers and buyers of used clothes, popularly known as “Okirika” on Tuesday attributed durability of the clothes, especially ladies’ underwear, for the increasing boom in the business. Those who spoke with the News Agency of Nigeria (NAN) at the various selling points in Lagos said that no new pant, girdle, tight, bra, boxer-shot, singlet, among others, that could be compared to the used stuff. The dealers told NAN that the Okirika business had come to...

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