Balogun Market Shifts Resumption to Jan. 11 for Security Reasons –Official

CoronavirusMarketsNewsNigeriaBalogun Market Shifts Resumption to Jan. 11 for Security Reasons –Official

PilotnewsJanuary 3, 2021

The Caretaker Management Committee of Balogun market,  Lagos Trade Fair Complex, has shifted its resumption, earlier scheduled for  Jan. 4, to Jan. 11, for security reasons, the Secretary of the committee, Mr. Leonard Ogbonnia has said. Ogbonnia said in a statement on Sunday, in Lagos, that it would be risky to reopen the market, earlier closed on Dec. 24 for the Christmas holidays, on the stated date because of the security situation in the market....

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BusinessCrime & SecurityNewsNigeriaBoko Haram Activities Brought Shortage Of Meat In The Markets

Hassan Umar Shallpella (Regional Correspondent)January 2, 2021

The over decade-long Boko Haram insurgency in northeast Nigeria and Borno state, in particular, has contributed to economic backwardness of the region as Maiduguri Cattle Market which used to be one of the most beehive livestock markets in West Africa is now a ghost of itself. Though, recently the market has witnessed an upsurge in livestock supply from some displaced people rushing to dispose of their livestock and resettle in Maiduguri metropolis, the Borno State...

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African Continental Free Trade Area Agreement Comes into Effect January 1, 2021

AfricaBusinessMarketsNewsAfrican Continental Free Trade Area Agreement Comes into Effect January 1, 2021

PilotnewsJanuary 1, 2021

The African Continental Free Trade Area (AfCFTA) agreement comes into effect on January 1, 2021, but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that the official launch of the AfCFTA will take place at a virtue event which will be graced by the African Union (AU) Chairperson, South...

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Buhari Signs 2021 Appropriation Bill into Law

EconomyNewsNigeriaPoliticsBuhari Signs 2021 Appropriation Bill into Law

Bada Yusuf Amoo (Correspondent)December 31, 2020

President Muhammadu Buhari on Thursday, signed into law, the 2021 Appropriation Bill. The brief signing ceremony was done inside the President’s office at the Presidential Villa, Abuja. On Monday, the National Assembly passed ₦13.58trn budget for the next fiscal year. The Buhari led administration had desired to restore the budget of the country to January to December cycle. All Progressive Congress-led government achieved this with the 2020 budget as Buhari signed the document into law...

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Adamawa Impose Tax on Cattle To Generate N12. 1 Billion Revenue-Official

BusinessNewsNigeriaAdamawa Impose Tax on Cattle To Generate N12. 1 Billion Revenue-Official

Ibrahim Abdul' Aziz (Correspondent)December 31, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent _____ The Adamawa State government has again re-introduced payment of cattle-tax across the state to meet its pegged N12. 1 billion internally revenue profile in 2021, the state commissioner ministry of Finance and budget Dr. Ishaya John Dabari has said. The state has earlier budgeted over N140 billion to finance its recurrent and capital development programmes within the 2021 fiscal year.  Dabari who was speaking at a press briefing on...

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Gov. Ayade Signs 2021 Appropriation Bill of N281.9bn into Law

EconomyNewsNigeriaGov. Ayade Signs 2021 Appropriation Bill of N281.9bn into Law

PilotnewsDecember 30, 2020

Gov. Ben Ayade of Cross River on Wednesday signed the state’s 2021 budget of N281.9 billion into law. The budget has N192.5 billion representing 67 per cent earmarked for recurrent expenditure, while the sum of N88.196 billion representing 33 per cent was for capital spending. Speaking at the signing ceremony held at the Governor’s office, Calabar, Ayade said that there was provision for the establishment of a state polytechnic in the budget. He added that...

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Lagos Assembly Passes N1.163trn 2021 Budget

EconomyNewsNigeriaPoliticsLagos Assembly Passes N1.163trn 2021 Budget

PilotnewsDecember 30, 2020

The Lagos State House of Assembly on Tuesday passed the 2021 Appropriation Bill of N1.163 trillion, seven weeks after the budget was presented to the Assembly by Gov. Babajide Sanwo-Olu. The House passed the budget after the report of the appropriation was presented during plenary by the Chairman, Joint Committee on Economic Planning and Budget and Finance, Gbolahan Yishawu (Eti Osa II). The News Agency of Nigeria (NAN) recalls that Gov. Sanwo-Olu had on Nov....

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Retirements: Fidelity Bank Announces New Board Appointments

BusinessNewsNigeriaRetirements: Fidelity Bank Announces New Board Appointments

PilotnewsDecember 30, 2020

Fidelity Bank has announced the appointments of new board executives to replace outgoing directors who recently completed their tenure in accordance with the bank’s internal governance policies. Mr. Mustafa Chike-Obi, Chairman, Board of Directors of the bank, said in a statement made available to the News Agency of Nigeria (NAN) on Monday in Lagos. The statement listed the newly appointed board members to include Mrs. Amaka Onwughalu, Mr. Nelson Nweke, and Mr. Chinedu Okeke, as...

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Enugu State House of Assembly Pass 2021 Budget Of 169.8 Billion Naira

EconomyNewsNigeriaPoliticsEnugu State House of Assembly Pass 2021 Budget Of 169.8 Billion Naira

Ije Ulasi (Regional Correspondent)December 29, 2020

After the presentation and adoption of report of the House Committee on Finance and Appropriation, the Enugu State House of Assembly on Tuesday passed the 2021 Appropriation bill. In his presentation, Ezeani Ezenta, committee chairman said the budget estimate took full cognizance of the yearnings, aspirations and prayers of the people on the impacts of Covid-19 and the national ENDSARS protest witnessed in 2020. Ezenta further disclosed that the Economic and Social Sectors received 61.9...

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We Will Wrestle food Inflation in 2021, Buhari Assures Citizens

EconomyFoodNewsNigeriaWe Will Wrestle food Inflation in 2021, Buhari Assures Citizens

PilotnewsDecember 29, 2020

President Muhammadu Buhari has assured Nigerians that his administration will keep a keen eye on food inflation in the New Year. Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, in a statement, said Buhari gave the assurance at the fifth regular meeting with the Presidential Economic Advisory Council held on Tuesday at the State House, Abuja. Buhari directed that the CBN “must not give money to import food. Already, about seven...

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