Northern Governors Agrees To Adopt Open Ranching

BusinessNorthern Governors Agrees To Adopt Open Ranching

Hassan Umar Shallpella (Regional Correspondent)May 30, 2021

KADUNA — The Northern Governors Forum (NGF) has agreed to adopt ranching and asked the federal government to release funds for the implementation of the National Livestock Transformation Plan (NLTP). Plateau State Governor, Senator Simon Lalong and Chairman of the forum made this disclosure yesterday during the seventh Annual Lecture of Sir Ahmadu Bello Memorial Foundation in Kaduna, saying open grazing is unsustainable and initiated measures to end it. At the annual lecture yesterday, Lalong...

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Umahi Dissolves Govt. Boards, Commissions Other Aides

JobsPoliticsUmahi Dissolves Govt. Boards, Commissions Other Aides

PilotnewsMay 29, 2021

ABAKALIKI — Gov. Dave Umahi, of Ebonyi on Saturday in Abakaliki announced the immediate dissolution of liaison officers, government boards, commissions and other personal aides. Umahi announced the dissolution during a broadcast to mark the second year anniversary of his second term in office. The governor explained that the dissolution was to give members of the various boards, commissions and aides seeking to contest the 2022 local government council election in the state or the...

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NLC Vows to Shut Down Nigeria if Governors’ Proposed Petrol Price of N380 To N408 is Adopted

EconomyLabourNLC Vows to Shut Down Nigeria if Governors’ Proposed Petrol Price of N380 To N408 is Adopted

Bada Yusuf Amoo (Correspondent)May 28, 2021

The Nigeria Labour Congress (NLC) has reiterated its opposition to the proposal of the Nigerian Governors Forum (NGF) that subsidy should be removed and petrol pump price would be sold between N380 and N408 per liter. The union described the governors’ recommendation as provocative, arbitrary and insensitive to the current economic realities in the country and the extreme hardship that Nigerians are going through, especially workers. The congress threatened that any increase by even one...

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Governor El-Rufai Sacks 19 Political Appointees

JobsPoliticsGovernor El-Rufai Sacks 19 Political Appointees

Hassan Umar Shallpella (Regional Correspondent)May 26, 2021

KADUNA — The Kaduna State Governor, Nasir El-Rufai has approved the disengagement of 19 political appointees as part of the ongoing rightsizing exercise in the state. A statement from Sir Kashim Ibrahim House which was issued on Wednesday said that affected officials include two Special Advisers, a Deputy Chief of Staff, and several Special Assistants. According to the Governor, the 19 disengaged staff are the first phase of public servants who will depart the public...

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CBN Maintains Monetary Policy Rates At 11.5%

EconomyMoneyCBN Maintains Monetary Policy Rates At 11.5%

Bada Yusuf Amoo (Correspondent)May 25, 2021

The Monetary Policy Committee (MPC) branch of the Central Bank of Nigeria (CBN) has again voted to retain the monetary policy rate at 11.5 percent. This was disclosed in an announcement by the CBN Governor, Godwin Emefiele, at a press briefing at the CBN headquarters in Abuja on Tuesday. The CBN Governor, while speaking further on the MPC’s decision at the end of the two-day rates decision meeting, said that the committee voted to leave...

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CBN Devalues Naira, Adopt NAFEX

EconomyMoneyNigeriaCBN Devalues Naira, Adopt NAFEX

Beloved John (Staff Writer)May 25, 2021

Naira now stands at 410.25 for a dollar with the adoption of the Nigerian Autonomous Foreign Exchange (NAFEX) rate — weakening by 8 percent. The adoption of NAFEX by the Central Bank of Nigeria (CBN)  implies that the official exchange rate will be determined by the relatively flexible window. The CBN had introduced the I&E window in 2017 to improve foreign exchange market mechanisms, deepen market liquidity, and ensure prompt execution and settlement of all...

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Production Rises As Manufacturing Sector Record Uptick Change

EconomyNewsProduction Rises As Manufacturing Sector Record Uptick Change

Beloved John (Staff Writer)May 24, 2021

Data released by the National Bureau of Statistics (NBS) has shown that Nigeria’s gross domestic product(GDP) rose by 0.51% in real terms in the first quarter of the month. The rise was triggered by the manufacturing sector which recorded a 3.40 per cent(year on year) growth in the firdt quarter(Q1) as well. This percent is higher than -1.51 per cent and 0.43 percent recorded in the fourth quarter (Q4) of 2020 and first quarter (Q1)...

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Nigeria GDP Grows By 0.51 in the First Quarter of 2021

EconomyNigeriaNigeria GDP Grows By 0.51 in the First Quarter of 2021

Bada Yusuf Amoo (Correspondent)May 24, 2021

The National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) by 0.51 per cent in first quarter (Q1) of 2021. It said in its data titled “Nigerian Gross Domestic Product Report – Q1 202” that it made it the second successive quarter of growth rates recorded in the second and third quarters of 2020. The NBS noted: “Nigeria’s Gross Domestic Product (GDP) grew by 0.51%(year-on-year) in real terms in the first quarter of...

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Nasarawa State Government Embarks On Construction Of Neighborhood Market At N349.7million

BusinessMarketsNasarawa State Government Embarks On Construction Of Neighborhood Market At N349.7million

Hassan Umar Shallpella (Regional Correspondent)May 23, 2021

The Nasarawa State will construct a neighborhood market in the Akwanga Local Government Area at the cost of N349.7million. Flagging off the construction of the market in Akwanga on Saturday, the governor, Abdullahi Sule said it would boost the socio-economic activities and enhance the standard of living of the people of the area and the state in general. He said the construction of the market was part of activities to mark his two years in...

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No Plan To Increase Price Of Petrol-Minister

BusinessOil & GasNo Plan To Increase Price Of Petrol-Minister

Hassan Umar Shallpella (Regional Correspondent)May 22, 2021

ABUJA — The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has no plans to increase the pump price of Premium Motor Spirit (PMS) also known as petrol in June. In a statement in Abuja on Friday, the Minister was reacting to recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol. “Once again, it has become necessary to assure Nigerians that despite...

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