REFUNDS: Bayelsa Govt. Confirms Receiving N27bn Refunds from the FG in a ‘Discount Deal’

MoneyNewsNigeriaREFUNDS: Bayelsa Govt. Confirms Receiving N27bn Refunds from the FG in a ‘Discount Deal’

PilotnewsJanuary 24, 2021

YENEGOA — The Bayelsa Government, on Sunday, said that it received N27 billion and not N38 billion approved as refund by the Federal Government for federal projects executed by the state from 2005 to date. The News Agency of Nigeria (NAN) recalls that the Senate had, on Nov. 24, 2020, approved promissory notes and bond issuance worth N148.1 billion as refunds to Bayelsa, Rivers, Cross River, Osun and Ondo States, for executing federal projects. Promissory...

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Nollywood Needs Unbiased Platform for Practitioners to Thrive — Etete

Arts & CultureBusinessNigeriaNollywoodNollywood Needs Unbiased Platform for Practitioners to Thrive — Etete

PilotnewsJanuary 23, 2021

LAGOS — An entrepreneur, Elizabeth Etete, says that Nollywood needs an unbiased platform where producers, filmmakers and artistes could thrive without let or hindrance from established societal norms. Etete, who is the Chief Executive Officer (CEO) and Managing Director, Innovative Creative Experts Distribution (ICED), told the News Agency of Nigeria (NAN) on Friday in Lagos that such a platform would expand the horizon of Nollywood. “The challenges we are facing in Nollywood today, specifically, is...

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Yobe Govt. Launches Trader Money Scheme With N12m For Women, Youths

BusinessLocal GovernmentNewsYobe Govt. Launches Trader Money Scheme With N12m For Women, Youths

Ibrahim Abdul' Aziz (Correspondent)January 23, 2021

By Ibrahim Abdul’Aziz, Regional Correspondent _____ The Yobe government has launched the Buni-Guban Trader Money Employment Scheme with the disbursement of N12 million to women and youth in Fune, Potiskum, Fika and Nengere Local Government Areas of the state. Speaking at the occasion in Damagum, headquarters of Fune, the state Deputy Governor, Alhaji Idi Barde-Gubana, said N3 million was earmarked for each of the local governments, with over 200 people billed to receive between N5,000...

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Buhari Inaugurates National Oil and Gas Excellence Centre in Lagos

BusinessNewsNigeriaOil & GasBuhari Inaugurates National Oil and Gas Excellence Centre in Lagos

PilotnewsJanuary 22, 2021

President Muhammadu Buhari on Thursday inaugurated the National Oil and Gas Excellence Centre (NOGEC) Lagos, aimed at strengthening Nigeria’s position as a regional leader in the oil and gas industry. Buhari said the establishment of NOGEC, situated at the Lagos Annex of the Department of Petroleum Resources (DPR), would enhance safety, value and cost efficiency in Nigeria’s petroleum sector. He said: “NOGEC aligns with the administration’s commitment to fostering stability, growth and sustainability of the...

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Buhari Directs Strict Compliance With Payment of Taxes by Foreign, Local Companies

BusinessNewsNigeriaTaxationBuhari Directs Strict Compliance With Payment of Taxes by Foreign, Local Companies

PilotnewsJanuary 22, 2021

President Muhammadu Buhari has directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages by ensuring strict compliance with tax payments by foreign companies operating in Nigeria. The president, who gave the directive at the virtual First National Tax Dialogue held at the Conference Hall of the State House, Abuja, also stressed the need for the deployment of more digital platforms and seamless connections. The president ordered all government...

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19 of 3,628 Traders Decries Soaring Prices Of Foodstuff In Lau Market, Taraba State

BusinessFoodNewsNigeria19 of 3,628 Traders Decries Soaring Prices Of Foodstuff In Lau Market, Taraba State

PilotnewsJanuary 22, 2021

Traders transacting business in farm produce in Lau main Market, headquarters of Lau Local Government council of Taraba State have decried the increase of prices of foodstuffs despite the agrarian nature of the area. Findings in the market show that a bag of Maize which was sold at ten thousand naira (N10, 000) a few months ago now attracts eighteen thousand naira (N18, 000), a bag of Guinea-corn is sold for sixteen thousand naira (N16,...

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FG Inaugurates N900m e-ticketing Platform for Abuja-Kaduna Train Service

BusinessNewsNigeriaTravelFG Inaugurates N900m e-ticketing Platform for Abuja-Kaduna Train Service

PilotnewsJanuary 21, 2021

The Federal Government on Thursday inaugurated the N900 million e-ticketing platform for the online purchase of tickets at the Abuja-Kaduna rail corridor. The Minister of Transportation, Rotimi Ameachi, while inaugurating the platform virtually in Abuja, said it would solve commuters’ complaint of ticket racketeering. According to him, online ticketing which marks the beginning of automation of ticket sales in all major stations in Abuja-Kaduna train service is in line with global world best practices. He...

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Businessman Drags AEDC to Court Over Illegal Billing, Demands N10m Damages

BusinessNewsNigeriaPowerBusinessman Drags AEDC to Court Over Illegal Billing, Demands N10m Damages

PilotnewsJanuary 20, 2021

A businessman, Jerry Okolo on Wednesday dragged The A Abuja Electricity Distribution Company (AEDC), before an FCT High Court, Gudu, for alleged illegal billing. Okolo, who instituted the suit against the defendant along with his landlord, Abimaje Ebute as co-claimant, is also demanding N10 million as general damages for the alleged illegal and unlawful actions of the defendant. The claimants are also praying for N5 million as damages for inconveniences and losses incurred by them....

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Air Peace Resumes Dubai Flights Feb. 5, Increases Operations to Enugu

BusinessNewsNigeriaTravelAir Peace Resumes Dubai Flights Feb. 5, Increases Operations to Enugu

PilotnewsJanuary 20, 2021

Nigeria’s leading airline, Air Peace has announced the resumption of flights into Dubai via Sharjah commencing from Feb. 5 The Spokesperson of the airline, Mr. Stanley Olisa, disclosed this in a statement on Wednesday in Lagos. Olisa said that the airline had also increased its flight frequency to and out of Enugu. He stated that the Dubai via Sharjah service would be operated once a week. “We are delighted to announce that we shall be...

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Trading Rebounds On NSE, Up N50bn

EconomyInvestingNewsNigeriaTrading Rebounds On NSE, Up N50bn

PilotnewsJanuary 20, 2021

Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N21.474 trillion inched higher by N50 billion or 0.23 per cent to close at N21.524 trillion. Also, the All-Share Index increased by 96.09 points or 0.23 per cent to close at 41,147.72 against 41,051.63 points...

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