NNPC Hands Over N621.24 Billion For Rehabilitation Of 21 Critical Roads

BusinessNewsNigeriaPoliticsNNPC Hands Over N621.24 Billion For Rehabilitation Of 21 Critical Roads

Hassan Umar Shallpella (Regional Correspondent)December 24, 2021

The Nigerian National Petroleum Corporation (NNPC), has handed over a symbolic cheque of N621.24 Billion for the rehabilitation of 21 critical roads across the country through the Tax Credit Scheme under Executive Order 7 signed by President Muhammadu Buhari in 2019. The Group Managing Director of the NNPC and Chief Finance Officer of the organization, Mr Umar Ajiya, said the Corporation was motivated by the challenged condition of some of the nation’s roads, most of...

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Digital Tokens To Replace Nin Slip And Polycarbonate Card

BusinessNewsNigeriaDigital Tokens To Replace Nin Slip And Polycarbonate Card

Hassan Umar Shallpella (Regional Correspondent)December 23, 2021

The Minister of Communications and Digital Economy, Isa Pantami says the Federal Government has introduced a suite of digital Tokens to replace the aging NIN slip and polycarbonate card. The Minister disclosed this at a stakeholders’ workshop on the National Identification Number (NIN) Tokenization Solution organized by National Identity Management Commission (NIMC) in Abuja, Represented by the Director-General of NIMC, Aliyu Abubakar said the full implementation begins on Jan. 1, said the aim of the...

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2022 Budget Allocations Indicates Full Legislative Autonomy In Enugu Says ENHA Leader Ezeugwu

EconomySoutheast2022 Budget Allocations Indicates Full Legislative Autonomy In Enugu Says ENHA Leader Ezeugwu

Ije Ulasi (Regional Correspondent)December 16, 2021

ENUGU — The Speaker of the Enugu State House of Assembly, Edward Ubosi, has charged his colleagues to intensify their oversight functions to Ministries, Departments and Agencies (MDAs). He argued that intensifying the oversight functions would ensure the 2022 budgetary allocations to MDAs are effectively implemented. The Speaker gave this charge on Tuesday in the Hallowed Chambers of the Enugu State House of Assembly during the second reading of the 2022 budget of ₦186, 635,...

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UAE Gives 6 Slots to Air Peace in Dubai, Sharjah Airports

Aviation-AirportsBusinessUAE Gives 6 Slots to Air Peace in Dubai, Sharjah Airports

Beloved John (Staff Writer)December 15, 2021

ABUJA — The United Arab Emirates (UAE) has allocated six slots to Air Peace, both at the Dubai and Sharjah airports. The development was announced by James Odaudu, director, public affairs, ministry of aviation on Tuesday. According to him, the move was part of the resolution to the diplomatic row between the two nations. He noted that the UAE aviation authorities allocated six slots to the Nigerian carrier as part of the diplomatic resolution. “It...

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Presidency Denies Inclusion of Tax Number as Bank Requirement in its Finance Bill

EconomyMoneyPresidency Denies Inclusion of Tax Number as Bank Requirement in its Finance Bill

Bada Yusuf Amoo (Correspondent)December 13, 2021

ABUJA — The Presidency said on Sunday that there is no provision in the Finance Bill (2022) that states that banks will be required to request for Tax Identification Number before opening bank accounts for individuals and existing account holders must provide their TIN to continue operating their accounts. A top Presidency said this in a statement titled ‘No TIN requirement for Nigerians to operate bank accounts in Finance Bill 2022, says Presidency”. According to...

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Reps Call for the Recruitment of Doctors to Replace Those Leaving the Country

HealthJobsReps Call for the Recruitment of Doctors to Replace Those Leaving the Country

Bada Yusuf Amoo (Correspondent)December 10, 2021

ABUJA — The House of Representatives has called for the recruitment of medical personnel to replace doctors and other health workers, who have quit Federal Government jobs and left Nigeria for better offers in other countries. The call is coming at a period of a mass exodus of workers in the country’s health system, especially doctors and nurses. At the plenary on Thursday, the House urged the Federal Ministry of Finance, the Head of the...

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Buhari’s Finance Bill Mandates Tax Number to Open or Continue to Operate Bank Accounts

EconomyBuhari’s Finance Bill Mandates Tax Number to Open or Continue to Operate Bank Accounts

Bada Yusuf Amoo (Correspondent)December 9, 2021

ABUJA — The Finance Bill 2021 proposed by President Muhammadu Buhari has made it mandatory for commercial banks to demand Tax Identification Numbers (TIN) from anyone who wishes to open bank account with them. The bill also empowers the banks to demand TIN from existing customers if they wish to continue to operate their accounts. This was stated by the Senate Leader, Yahaya Abdullahi, on Wednesday in his lead debate on the bill which was...

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We Will Continue Engaging Registrars, Stakeholders to Resolve Unclaimed Dividends — SEC

EconomyMarketsNewsWe Will Continue Engaging Registrars, Stakeholders to Resolve Unclaimed Dividends — SEC

Beloved John (Staff Writer)December 8, 2021

ABUJA — The Securities and Exchange Commission (SEC) has said stakeholders will interrogate until the rising unclaimed dividends are solved. Director-general of the SEC, Lamido Yuguda, disclosed this during the presentation of the 2022 budget of the commission before the house of representatives committee on capital markets and institutions in Abuja on Tuesday. According to him, part of the problems of unclaimed dividends had to do with identity management. He noted that the agency is...

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Reps Passes Bill Seeking to Establish Youth Trust Fund to Tackle Unemployment

JobsLabourReps Passes Bill Seeking to Establish Youth Trust Fund to Tackle Unemployment

Beloved John (Staff Writer)December 8, 2021

ABUJA — A bill seeking to create a youth entrepreneurship development trust fund to tackle unemployment has passed second reading at the house of representatives. The bill also seeks to earmark for the fund about five percent capital estimate from the federation account appropriated for the fiscal year. The legislation is sponsored by Farah Dagogo, a lawmaker from Rivers state. In his memorandum, Dagogo noted that the bill will provide financial support to youths with...

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President Buhari Send Management of Abuja Electricity Distribution Company Packing

BusinessPowerPresident Buhari Send Management of Abuja Electricity Distribution Company Packing

Hassan Umar Shallpella (Regional Correspondent)December 8, 2021

ABUJA — President Muhammadu Buhari has approved the sack of the management of the Abuja Electricity Distribution Company (AEDC). Minister of State for Power, Goddy Agba announced this in a statement on Tuesday, saying the president also approved a new interim governing board to oversee the day-to-day operations of the company. According to Ofem Uket, spokesman of the Minister, his action follows the industrial action by the Nigerian Union of Electricity Employees (NUEE) workers to...

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