$591m Payment: Gov. Diri Appeals to FG On Implementation of Court Judgement

YENAGOA — Gov. Douye Diri, of Bayelsa, has appealed for the quick compliance of Monday’s Abuja Federal High Court judgment which ordered the Federal Government to pay $951 million as a shortfall in oil derivation revenue to the state. Diri made the appeal in his first public reaction to the judgment on Wednesday inside the Executive Council Chambers in Government House, Yenagoa. The News Agency of Nigeria reports that the governor said the money was...

Google Earmarks $6m for Startups, Black  Founders And  Female Entrepreneurs

LAGOS — Google on Monday said it has renewed its commitment to support startups in Africa with a combined 6 million dollars funding to startup founders and female entrepreneurs in Africa. Nitin Gajria, Managing Director of Google Sub-Saharan Africa said on Monday in a statement that It was part of the ongoing plans to double down on supporting Black startup Founders. Gajra said that this program in collaboration with the Tony Elumelu Foundation will provide...

Nigeria Needs Massive Production to Get Out of Economic Wood, Ag. Rector

BENIN — Mr. Mustapha Zubair, the Acting Rector of Auchi Polytechnic, says Nigeria will not get out of its economic mess until the country goes into massive production of goods and services. The News Agency of Nigeria reports that Zubair spoke on Saturday while fielding questions from newsmen in Benin. While calling for more investment in science and technology and massive production, the rector stressed that buying and selling will only compound Nigeria’s economic woes....

Tomato Dealers In Plateau loss of Over N29m, Seeks FG’s Intervention

JOS — Nasiru Yusuf, Chairman of Lalong Tomatoes Market, Farin-Gada, in Jos,  says tomato traders and marketers in Plateau State have decried the loss of over N29 million to lingering crisis in parts of the country. He disclosed this in an interview with the News Agency of Nigeria (NAN) said some of the losses encountered were due to lingering crisis in parts of the country. “We are counting lots of losses in our business right...

Reps Seeks to Prohibit Bankers from Operating Foreign Accounts

ABUJA — The House of Reps is seeking to prohibit the banking sector from operating foreign accounts with the bill to amend the Bank Employee Act which recently passed the second reading. Lawmakers had on Tuesday debated the bill that seeks to amend a decree promulgated by the Ibrahim Babangida military administration. The bank employees’ declaration of assets act amendment bill also mandates the bankers to declare assets of their spouses and children less than...

National Pension Commission Trains 108 Pension Desk Officers On Online Enrollment

Two-day training for 108 pension desk officers on online enrollment for retirement by prospective pensioners under the National Pension Commission (PenCom) has commenced in Gombe. Participants are drawn from the 54 Federal Government Ministries, Department, and Agencies (MDAs) in the North East. Declaring the workshop, Mr. Anyim Nyerere, Commissioner Technical, PenCom, said the workshop aimed at training the desk officers on how to guide the prospective retirees on the necessary procedures, including uploading their information....

FG Approves N895.5bn Supplementary Budget for Military, Covid-19, Others

ABUJA — The Federal Executive Council (FEC), presided over by President Muhammadu Buhari has approved a draft of the 2021 Supplementary Budget of N895,842,462,917 for Defense equipment, COVID-19 vaccines, and other exegeses. This was disclosed to the State House Correspondents by the Minister of Finance, Budget, and National Planning, Zainab Ahmed, after the meeting on Wednesday. According to the Minister, the largest chunk of the budget, which was a total of N770.60 billion, was planned...

Governor Mohammed Sacks All Commissioners, SSG, CoS, Others

Senator Bala Mohammed of Bauchi State has sacked, Secretary to the State Government (SSG), the Chief of Staff (COS) Government House, all Commissioners and Special Advisers.  A statement made available to newsmen on Wednesday by the Special Adviser to Bauchi State Governor, Gidado Muktar however, retained Advisers on Security, National and State Assembly Liaison, Social Investment, and Special Adviser Media and Publicity. “All Commissioners are to handover the affairs of their ministries to their respective...

Nigerian Stock Market Rebounds by N102bn on Bargain Hunting

LAGOS — The bulls returned to the Nigerian stock market on Tuesday with investors’ net worth appreciating by N102 billion on bargain hunting. The bullish performance was due to investors’ buy interest in industrial goods, consumer goods, and oil & gas sector stocks. Specifically, the market capitalization rose by N102 billion to close at N20.266 trillion from N20.164 trillion recorded on Monday. Also, the All-Share Index increased by 195.30 points or 0.50 percent to close...

Hoodlums Destroys Onions, Properties Worth N4.5b

SOKOTO — The Association of Onions Producers, Processors, and Marketers of Nigeria (OPMAN) has threatened to stop the supplying of Onions to the entire Southern part of Nigeria unless certain conditions laid down by the association are met. The National President of the association, Alhaji Aliyu Isa, disclosed this while addressing newsmen after the emergency meeting of the association held in his office in Sokoto. He disclosed that about N4.5 billion worth of Onions and...

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