Forceful Ejection: Over 400 Residents Sue Minister Of Federal Capital Territory

BusinessLaw & JusticeForceful Ejection: Over 400 Residents Sue Minister Of Federal Capital Territory

Hassan Umar Shallpella (Regional Correspondent)November 22, 2021

ABUJA — Over 400 residents of Abuja have sued the Minister of the Federal Capital Territory (FCT) and the Inspector-General of Police concerning the forcible ejection from their shops. Chukwuma-Umachukwu Ume, Senior Advocate of Nigeria (SAN) writing on behalf of the 439 complainants, said most of his clients are the breadwinners of their families. In an impassioned letter to the FCT minister, Muhammad Bello, the distraught traders who are mostly low-income earners, urge the minister...

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Unperfected Title Documents Of Properties Hinders Recovery Of N4.4 Trillion-AMCON

BusinessCorruptionUnperfected Title Documents Of Properties Hinders Recovery Of N4.4 Trillion-AMCON

Hassan Umar Shallpella (Regional Correspondent)November 22, 2021

ABUJA — The Managing Director/Chief Executive Officer, Assets Management Corporation of Nigeria (AMCON)  Mr. Ahmed Lawan Kuru has submitted names of the top 1,000 loan defaulters to the National Assembly in another deft strategy to intensify its debt recovery drive. Kuru made this known to members of the House of Representatives Committee on Banking and Currency at the retreat of the committee in Lagos. He said the country’s bad debt bank has a high number...

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No Increase Of Fuel Pump Price-Ahmed

BusinessOil & GasNo Increase Of Fuel Pump Price-Ahmed

Hassan Umar Shallpella (Regional Correspondent)November 22, 2021

ABUJA — The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), Engr. Farouk Ahmed says the federal government the current pump price would remain for now with the expected high rate of travel during the festive period. Presently, petrol sells at N162/163 per litre in most major petrol stations with independent marketers selling at N165/litre. Ahmed made the disclosure to journalists in Abuja through Ogbogu Ukoha, Executive Director, Distribution Systems,...

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Fuel Scarcity Hits Zamfara State, Motorcycles Deserted Roads

BusinessOil & GasFuel Scarcity Hits Zamfara State, Motorcycles Deserted Roads

Hassan Umar Shallpella (Regional Correspondent)November 21, 2021

A public commentator, Ahmed Bakare in Zamfara state attributed the fuel scarcity experienced in the state as artificial, alleging that the government is involved in the situation. Bakare stated that most of the filling stations in the country are owned by the people in the corridors of power, adding that the federal government has woefully failed in its fight against monumental corruption in the country. He alleged that corruption has become legalized in disguise as...

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Experts Task FG On Constraints to Tackle Inflation

EconomyExperts Task FG On Constraints to Tackle Inflation

PilotnewsNovember 20, 2021

LAGOS — Some financial analysts have urged the Federal Government to tackle the supply-side constraints in the productive sector to further reduce the country’s inflation rate. They said this in separate interviews with the News Agency of Nigeria (NAN) on Saturday in Lagos. They said that supply-side constraints such as foreign exchange illiquidity, transport, and logistics cost, currency depreciation, and agriculture-related insecurity, and others were the driving forces of inflation. Mr. Titus Okurounmi, a former...

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Senate to Pass 2022 Budget Before Christmas — Lawan

EconomySenate to Pass 2022 Budget Before Christmas — Lawan

PilotnewsNovember 20, 2021

LAGOS — Senate President Ahmad Lawan has disclosed that the National Assembly will pass the 2022 Appropriation Bill before Christmas. Lawan made the disclosure on Friday night, while receiving the New Telegraph’s Lifetime Achievement Award in Politics, alongside other Nigerians who had distinguished themselves in public service and the private sector. “ This is my fourth term in the Senate; when we came in 2019, our colleagues decided to give us the opportunity to serve...

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CBN Interventions Well Thought-out Responses — Nwanisobi

EconomyMoneyCBN Interventions Well Thought-out Responses — Nwanisobi

PilotnewsNovember 17, 2021

LAGOS — The Director of Corporate Communications, Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, says the apex bank’s 37 intervention programmes in the economy are responses to socio-economic situations and exigencies. He spoke at an Editors Master Class with the theme: Central Bank of Nigeria Interventions as Fulcrum for Economic Diversification,  organised by the Centre for Financial Journalism in Lagos. CBN interventions are in healthcare, agriculture, creative industry, infrastructure, among others Nwanisobi said the...

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COVID-19: Central Bank Of Nigeria Disburses N3trillion To Families, Farmers, Companies

CoronavirusEconomyCOVID-19: Central Bank Of Nigeria Disburses N3trillion To Families, Farmers, Companies

Hassan Umar Shallpella (Regional Correspondent)November 17, 2021

The Governor, Central Bank of Nigeria (CBN) Godwin Emefiele says about N3trillion has been distributed to families, farmers, and companies to cushion the COVID-19 impact. He stated this in an interview with Arise TV at the 2021 Intra-African Trade Fair in Durban, South Africa. “Between 2020 and now, our data shows that we have disbursed at least N2trillion, almost N3trillion in loans to households, Micro, Small and Medium Enterprises, smallholder farmers, pharmaceuticals, and health institutions....

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Nigerian States Receives New Bail-Out Fund Of N656.1 Billion

EconomyNigerian States Receives New Bail-Out Fund Of N656.1 Billion

Hassan Umar Shallpella (Regional Correspondent)November 17, 2021

ABUJA — Mrs. Zainab Ahmend, Minister of Finance, Budget, and National Planning says the N656.1 billion new bail-out fund to state governments is to ensure that the economic recovery of the country is consolidated. The minister while speaking at the 2021 conference of the National Council on Finance and Economic Development (NACOFED) with the theme “Public Sector Finance Management in the New Normal (Post COVID -19)” said the government is working to ensure that the...

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Kano State Government Supports 14,250 Small Holder Farmers

AgricultureBusinessKano State Government Supports 14,250 Small Holder Farmers

Hassan Umar Shallpella (Regional Correspondent)November 13, 2021

KANO — Over 14,250 small holder farmers received inputs under its Agro-Pastoral Development Project (KSADP), supported by the Islamic Development Bank (IsDB) from the Kano State government. Gov. Abdullahi Ganduje while speaking at the event in Kano said the empowerment was also to assist in ensuring food security in the state. “The inputs worth millions of naira for livestock fattening and reproduction schemes, were given to 3,000 women and youths while inputs for crop residue...

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