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

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

Hassan Umar Shallpella (Regional Correspondent)June 12, 2021

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...

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Reps Seeks to Prohibit Bankers from Operating Foreign Accounts

BusinessReps Seeks to Prohibit Bankers from Operating Foreign Accounts

Beloved John (Staff Writer)June 11, 2021

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...

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National Pension Commission Trains 108 Pension Desk Officers On Online Enrollment

JobsLabourNational Pension Commission Trains 108 Pension Desk Officers On Online Enrollment

Hassan Umar Shallpella (Regional Correspondent)June 9, 2021

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....

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

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

Bada Yusuf Amoo (Correspondent)June 9, 2021

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...

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Governor Mohammed Sacks All Commissioners, SSG, CoS, Others

JobsPoliticsGovernor Mohammed Sacks All Commissioners, SSG, CoS, Others

Hassan Umar Shallpella (Regional Correspondent)June 9, 2021

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...

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Nigerian Stock Market Rebounds by N102bn on Bargain Hunting

EconomyInvestingNigerian Stock Market Rebounds by N102bn on Bargain Hunting

Bada Yusuf Amoo (Correspondent)June 8, 2021

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...

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Hoodlums Destroys Onions, Properties Worth N4.5b

BusinessNewsHoodlums Destroys Onions, Properties Worth N4.5b

Hassan Umar Shallpella (Regional Correspondent)June 6, 2021

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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70 Cattle Burnt To Ashes In Ilorin

Accidents and SafetyBusiness70 Cattle Burnt To Ashes In Ilorin

Hassan Umar Shallpella (Regional Correspondent)June 5, 2021

A late-night inferno that started around 11 pm on Thursday at the popular Ipata Meat Market Ilorin has left butchers counting their losses with no fewer than 70 cattle burnt to ashes. The affected animals include 15 cattle, 15 sheep, 15 rams and 25 goats. Shops at the market were also razed in the process. It was gathered that the fire emanated from refuse collected by traders in the market which was later spread by...

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NLC Petitions FG Over El-Rufai’s Impunity, Threatens A Fresh Strike If Kaduna MoU Is Not Respected

JobsLabourNLC Petitions FG Over El-Rufai’s Impunity, Threatens A Fresh Strike If Kaduna MoU Is Not Respected

Bada Yusuf Amoo (Correspondent)June 5, 2021

ABUJA — The Nigeria Labour Congress (NLC) has petitioned President Muhammadu Buhari over the non-implementation of the Memorandum of Understanding (MoU) signed with the Kaduna State Government. The NLC also threatened a fresh nationwide strike in a letter addressed to President on Friday in Abuja. A copy of the petition made available to journalists showed that the NLC President, Mr. Ayuba Wabba, signed the letter. “Your Excellency, Mr. President, may recall that the first conciliatory...

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Naira Hits N502 to $1

EconomyNaira Hits N502 to $1

Beloved John (Staff Writer)June 4, 2021

LAGOS — Amidst speculations hampering forex market operation, naira slid down at the parallel market to N502 per dollar. According to data on abokiFX.com, a website that collates parallel rates, the local currency closed at N499 to a dollar on Thursday and lost N3 at midday trading Friday. It also depreciated against Pound and Euro, trading N710 and N608, respectively. Earlier, the Central Bank of Nigeria (CBN) had made efforts to ease naira against other...

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