UK Firm Holds Programme for Nigerian, African Leaders, Launches New Website

InvestingNational DevelopmentNewsNigeriaUK Firm Holds Programme for Nigerian, African Leaders, Launches New Website

PilotnewsFebruary 21, 2021

ABUJA —  Caroline Lucas, an ardent advocate of Nigeria’s greatness and a Director of the UK firm, TEXEM UK says the world has never encountered a more disruptive year than 2020 when COVID-19 negatively affected global organisations. A statement by Caroline Lucas of TEXEM UK released in Abuja on Sunday announced that on March 10 and March 11, the firm would hold live virtual sessions with Nigerian and other global business leaders to proffer strategies...

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Pilgrimage With Ease, Hajj Savings Scheme Launch In Adamawa

BusinessNewsNigeriaReligionPilgrimage With Ease, Hajj Savings Scheme Launch In Adamawa

Hassan Umar Shallpella (Regional Correspondent)February 21, 2021

Respite has come for Muslim low-income earners to have access and perform Hajj pilgrimage with ease being one of the pillars of Islam as the National Hajj Commission of Nigeria (NAHCON) has introduced a scheme “Hajj Savings Scheme”, a deliberate move to reduce difficulty in paying hajj fare by the category of such persons. At the launch of the scheme in Yola, the Adamawa State capital held at Nyako Center in the State Secretariat, the...

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Citing 0.10 Percent GDP Growth, APC Claims Buhari Keeping His Promises

EconomyPoliticsCiting 0.10 Percent GDP Growth, APC Claims Buhari Keeping His Promises

Beloved John (Staff Writer)February 19, 2021

The All Progressives Congress (APC) claims the administration of President Muhammadu Buhari is keeping his promises to Nigerians. John Akpanudoedehe, national secretary of the APC caretaker and extra-ordinary convention planning committee (CECPC), said this in reaction to the report that Nigeria exited recession after its gross domestic product (GDP) grew by 0.11 percent. In a statement on Thursday, Akpanudoedehe said the report gave credence to the fact that the Buhari administration is doing as he...

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FG Appoints Haliru Nababa New CG NCoS –Spokesman

Crime & SecurityJobsNewsFG Appoints Haliru Nababa New CG NCoS –Spokesman

PilotnewsFebruary 18, 2021

ABUJA —  President Muhammadu Buhari has appointed Mr. Haliru Nababa, as the new Controller General of the Nigeria Correctional Service (NCoS), the Service Public Relations Officer (SPRO), Mr. Francis Enobore, announced in a statement, on Thursday, in Abuja. The News Agency of Nigeria (NAN) reports that Nababa’s appointment is, however, subject to the Senate’s confirmation in line with the provisions of the New Act establishing the NCoS 2019. Enobore noted that Nababa had headed many...

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No Plans to Increase Petrol Price -NNPC Assures Organised Labour, Others

BusinessLabourNewsNigeriaNo Plans to Increase Petrol Price -NNPC Assures Organised Labour, Others

PilotnewsFebruary 18, 2021

ABUJA — The Nigerian National Petroleum Corporation  (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol in the month of February. The corporation gave the assurance in a statement signed by its spokesman Dr Kennie Obateru in Abuja, on Thursday. “In spite of the rise in the price of crude oil in the international market, NNPC has ruled out...

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EconomyNewsNigeriaLatest Consumer Price Index Reports reveal Nigeria’s Inflation hits 16.47%

Beloved John (Staff Writer)February 16, 2021

The Consumer Price Index (CPI), which measures the increase in the price of goods and services, rose to 16.47 percent last month according to a report by the National Bureau of Statistics (NBS). The recent statistic is the highest since April 2017. The CPI/Inflation report shows that food inflation has also crossed the 20 percent mark. “The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021. This is 0.71...

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SEC Suspends Approval of Cryptocurrency-Related Products

BusinessMoneyNewsNigeriaSEC Suspends Approval of Cryptocurrency-Related Products

Beloved John (Staff Writer)February 14, 2021

The Securities and Exchange Commission has suspended the approval of cryptocurrency and related products following the directive of the Central Bank of Nigeria which demanded that banks terminate accounts connected to digital currencies. In a statement released on Friday, SEC, which had earlier disclosed its readiness to accept Bitcoin and other cryptocurrencies as securities, said it would no longer do so until such products are able to operate bank accounts within the Nigerian banking system....

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Senate Invites CBN Governor for Brief on Cryptocurrency

BusinessInvestingNewsNigeriaSenate Invites CBN Governor for Brief on Cryptocurrency

Bada Yusuf Amoo (Correspondent)February 12, 2021

The Senate has invited the Central Bank of Nigeria (CBN)’s Governor, Godwin Emefiele, to appear before its committees on the opportunities and threats of cryptocurrency on the country’s economy. The red chamber took the decision to invite the CBN governor following a motion by a Federal Lawmaker, Senator Istifanus Gyang, during a plenary on Thursday, concerning the CBN directive asking financial institutions to stop all transactions in cryptocurrencies and matters relating to them. In their...

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Lagos Government Seek Regulations of Boat Captains, Vessels

BusinessTransportationLagos Government Seek Regulations of Boat Captains, Vessels

Bada Yusuf Amoo (Correspondent)February 11, 2021

Governor Babajide Sanwo-Olu of Lagos has sought improved certification for boat skippers and better regulation of the operations of non-convention vessels that operate in the inland waterways of the country. The governor made the call while receiving the Director-General of the Nigerian Maritime Administration and Safety Agency (NMASA), Dr. Bashir Jamoh, during his visit to the governor. Sanwo-Olu said an improved utilization of Lagos waterways would go a long way in easing the traffic congestion...

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Senate Confirms MDs of AMCON, NDIC

EconomyInvestingNewsNigeriaSenate Confirms MDs of AMCON, NDIC

Bada Yusuf Amoo (Correspondent)February 11, 2021

On Wednesday, the Senate confirmed Mr. Ahmed Kuru; and Bello Hassan as managing directors of the Asset Managing Corporation of Nigeria; and Nigeria Deposit Insurance Corporation. The two nominees were confirmed after consideration of the two separate reports of the Senate Committee on Banking, Insurance and Other Financial Institutions. Others who were confirmed were Ebelechukwu Uneze, and Aminu Ismail as the executive directors of AMCON; and Mohammad Ibrahim as Executive Director of the NIDC. The...

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