President Buhari Approves Redeployment of 9 Perm Secs

JobsNewsPeoplePoliticsPresident Buhari Approves Redeployment of 9 Perm Secs

PilotnewsDecember 24, 2020

President Muhammadu Buhari has approved the redeployment of nine Permanent Secretaries in the Federal Civil Service. Dr. Folasade Yemi-Esan, Head of the Civil Service of the Federation (HOCSF), made this known in a circular she signed and issued in Abuja on Thursday. The permanent secretaries are: Mr. Musa Istifanus, from the Ministry of Communication and Digital Economy to Ministry of Defence and Mr. Gabriel Aduda, moving from Ministry of Youths and Sports Development to Ministry...

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FGN Bond Oversubscribed by N70bn — DMO

EconomyNewsNigeriaFGN Bond Oversubscribed by N70bn — DMO

Beloved John (Staff Writer)December 23, 2020

The Debt Management Office (DMO) has said the N60 billion bond it offered for the month of December had been oversubscribed by more than N70 billion. FGN Bonds are debt securities issued by the DMO for and on behalf of the Federal Government and the government has an obligation to pay the bondholder the principal and agreed on interest as and when due. The organisation stated that the rates of 6.945 per cent and 7.000...

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Trump Rejects $900bn COVID-19 Relief Bill Passed by Congress

CoronavirusEconomyNewsUnited StatesTrump Rejects $900bn COVID-19 Relief Bill Passed by Congress

PilotnewsDecember 23, 2020

U.S. President Donald Trump on Tuesday rejected the $900 billion (N349.2 trillion) Coronavirus (COVID-19) relief bill passed by Congress, describing it as a disgrace. In a video message posted on Twitter, Trump alleged that the bill contained “wasteful and unnecessary items”, adding that there was almost nothing about COVID-19 in it. According to him, the bill contains $85.5 million (N33 billion) for assistance to Cambodia and $134 million (N51,9 billion) to Burma. The president stated...

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Refinery Rehabilitation Exercise on Course- Minister

BusinessNewsNigeriaOil & GasRefinery Rehabilitation Exercise on Course- Minister

PilotnewsDecember 23, 2020

The Minister of State for Petroleum Resources, Mr. Timipreye Sylva, said that the refinery rehabilitation exercise would be completed soon. He made this known during an interaction with members of the Nigeria Guild of Editors (NGE) in Abuja on Tuesday. “Apart from the completion of the plant equipment inspection and integrity study conducted since December 2019 as part of the phase one of the Port Harcourt refinery rehabilitation, the Nigerian National Petroleum Corporation (NNPC), on...

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S. Korea to Halt Flights From Britain Until Dec. 31 Over New Virus Strain Woes

BusinessCoronavirusNewsTravelS. Korea to Halt Flights From Britain Until Dec. 31 Over New Virus Strain Woes

PilotnewsDecember 23, 2020

South Korea said that it would suspend flights from Britain until the end of this year over concerns about a new strain of the novel Coronavirus (COVID-19). The country’s health authorities on Wednesday said South Korean diplomatic missions in Britain would suspend issuing quarantine-waiver documents so as to place all arrivals from the European nation in a 14-day quarantine. The country will also conduct an additional virus test when they are released from quarantine. South...

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Boat Operators Destroying Our Nets, Lagos Fishermen Cry Out

BusinessNewsNigeriaBoat Operators Destroying Our Nets, Lagos Fishermen Cry Out

PilotnewsDecember 22, 2020

A group of fishermen under the aegis of the Association of Badagry Fishermen (ABF) has cried out against alleged destructive activities of commercial boat operators on Lagos waterways. ABF Chairman, Sunday Ayedogbon, told the News Agency of Nigeria (NAN) on Tuesday in Badagry that the boat operators worked all nights on waterways in contravention of 6:30 a.m. to 6:30 p.m. as directed by Lagos State Waterways Authority (LASWA). Ayedogbon said that the illegal operating hours...

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We Don’t Demand Payment for Pre-paid Meters, EEDC Warns South-East Residents

BusinessNewsNigeriaPowerWe Don’t Demand Payment for Pre-paid Meters, EEDC Warns South-East Residents

PilotnewsDecember 22, 2020

The Enugu Electricity Distribution Company (EEDC) has warned residents in the South-East against some people, claiming to be representatives of the company and demanding payment to provide pre-paid meters. The Head, Corporate Communications of EEDC, Mr. Emeka Ezeh, who gave the warning in a statement, on Tuesday, in Enugu, said that the conmen usually asked unsuspecting members of the public to make payment for meter into a personal bank account, number 0813317416, domiciled in a...

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FG Extends NIN Registration by 6 Weeks, Cancels Verification Charges, Says Taskforce

BusinessNewsNigeriaTelecommunicationFG Extends NIN Registration by 6 Weeks, Cancels Verification Charges, Says Taskforce

PilotnewsDecember 22, 2020

The Federal Government has extended registration for the National Identity Number (NIN) by up to six weeks, from Dec. 30 to Feb. 9, 2021, and cancelled the use of Unstructured Supplementary Service Data (USSD) charges for verification across the country. The National Task Force on the NIN and Subscriber Identification Module (SIM) registration made the announcement on Tuesday, in Abuja, in a statement jointly signed by Prof. Umar Danbatta, Executive Vice-Chairman, Nigeria Communications Commission (NCC)...

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BREAKING: House of Reps Approves N13.6 Trillion Budget For 2021

EconomyNewsNigeriaPoliticsBREAKING: House of Reps Approves N13.6 Trillion Budget For 2021

Beloved John (Staff Writer)December 21, 2020

The House of Representatives passed a total of N13.6 trillion as the approved budget for 2021. The lawmakers approved a benchmark of $40 per barrel of crude oil. In a special plenary on Monday to mark the end of the year, the lawmakers passed the budget out of which N496 billion will be for statutory transfers for agencies such as the National Assembly and INEC which is under the first line charge. The lawmakers also...

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AfCFTA: Commonwealth to Strengthen Capacity of African Countries Export

EconomyMarketsWest AfricaAfCFTA: Commonwealth to Strengthen Capacity of African Countries Export

PilotnewsDecember 20, 2020

The Commonwealth has reiterated its commitment to work with African countries to deepen export capacity and, particularly, take advantage of trading opportunities like the African Continental Free Trade Area (AfCFTA). Patricia Scotland, Secretary General of the Commonwealth, stated this in a telephone interview with the News Agency of Nigeria (NAN) in Abuja. She explained that the Commonwealth Secretariat had been working with the 19 African member states to strengthen their institutional capacity and develop trade...

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