Inflation Rate in Nigeria Hit 14.89% in November – NBS

EconomyNewsNigeriaInflation Rate in Nigeria Hit 14.89% in November – NBS

Bada Yusuf Amoo (Correspondent)December 15, 2020

The Consumer Price Index (CPI) measured inflation increased by 14.89 per cent (year-on-year) in November 2020. This was disclosed by the National Bureau of Statistics (NBS) in its Consumer Price Index November 2020 report on Tuesday. The NBS added that this is 0.66 percentage points higher than the rate recorded in October 2020 (14.32 per cent). There was change in the percentage composition CPI for the 12 months period ending November 2020 over the average...

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What Nigeria Intends to Benefit From Border Closure?

EconomyFoodNigeriaSpecial ReportWhat Nigeria Intends to Benefit From Border Closure?

PilotnewsDecember 14, 2020

By Abba Dukawa, Contributing Reporter _____ Nigeria has not sufficiently improved its capacity toward attaining self food reliance, almost two years since  Buhari’s  administration ordered the closure of  Nigeria’s land borders. The policy of shutting it border is to achieved food security, curtail the importation of drugs and proliferation of small arms which threaten the country security. Unfortunately, the shutting of land borders has failed to stop the flow of arms into the country. Insurgents,...

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Ndah-Isaiah’s Death, Huge Loss to Media Industry, Nigeria – Orji Kalu

BusinessNewsPeoplePress * MediaNdah-Isaiah’s Death, Huge Loss to Media Industry, Nigeria – Orji Kalu

PilotnewsDecember 12, 2020

Chief Whip of the Senate, Sen. Orji Kalu, has described the demise of the publisher of Leadership Newspapers, Mr Sam Ndah-Isaiah, as a huge loss to the media industry and Nigeria at large. Kalu in a statement on Saturday in Abuja extolled the virtues of the deceased. He stressed  that the late chieftain of the All Progressives Congress (APC) was a patriotic statesman and detribalised Nigerian with passion for a prosperous and united Nigeria. He lauded...

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We Need Mechanized Farm Tools, Women Farmers Tells FG

AgricultureBusinessNewsNigeriaWe Need Mechanized Farm Tools, Women Farmers Tells FG

Beloved John (Staff Writer)December 12, 2020

A group of small-scale women farmers have rejected the use of simple farm tool in exchange for mechanised agricultural machinery to increase the productivity of farm workers. Under the aegis of Small-Scale Women Farmers Organization in Nigeria (SWOFON), the group declared that women farmers will not longer carry out farming activities with hoes and cutlass during a 3-day programme in Abuja. The group visited the Cyprian Ekwensi Centre for Arts and Culture Abuja to retire...

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Informal Trade and Impact of COVID-19 Key Features of 2020 African Trade Report

AfricaCoronavirusEconomyNewsInformal Trade and Impact of COVID-19 Key Features of 2020 African Trade Report

PilotnewsDecember 11, 2020

The African Trade Report, produced annually by the African Export-Import Bank (Afreximbank), will be launched on 15th December. This year’s report focuses on Informal Cross Border Trade (ICBT) and provides ground-breaking insights into the scale, composition and approaches to informal cross border trade in Africa.  It is estimated that the formalisation of informal cross border trade could potentially increase official trade numbers by between 30-50%, depending on the region. “ICBT has been a key contributor to...

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Visa Openness Solutions Can Boost Africa’s Economic Recovery, the 2020 Africa Visa Openness Index Reveals

AfricaBusinessNewsTravelVisa Openness Solutions Can Boost Africa’s Economic Recovery, the 2020 Africa Visa Openness Index Reveals

PilotnewsDecember 11, 2020

A record 54% of the continent is accessible for African visitors who no longer need a visa to travel or can get one on arrival; in 2020, The Gambia joins Seychelles and Benin in allowing visa-free access for all African travelers; 24 countries offer e-Visas reflecting 44% of the continent. The upward trend in African countries liberalizing their visa regimes and welcoming African travelers continues, according to the 2020 Africa Visa Openness Index published by the African Union...

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African Development Bank, 11 leading Multilateral Development Banks, IMF launch First Joint Report On Financing the Sustainable Development Goals

AfricaCoronavirusEconomyNewsAfrican Development Bank, 11 leading Multilateral Development Banks, IMF launch First Joint Report On Financing the Sustainable Development Goals

PilotnewsDecember 11, 2020

The African Development Bank (www.AfDB.org) joined a group of 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF) on Thursday in launching a first-ever joint report on financing the Sustainable Development Goals (SDGs). The launch took place during a virtual ceremony attended by the heads of the institutions. The report is released at the end of a critical year, with the COVID-19 pandemic threatening to reverse progress on the SDGs. In response, MDBs have collectively...

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Reps Pass 2020 Finance Bill for Second Reading

EconomyNewsNigeriaPoliticsReps Pass 2020 Finance Bill for Second Reading

Bada Yusuf Amoo (Correspondent)December 11, 2020

On Thursday, the House of Representatives passed the Finance Bill 2020 for second reading The bill is titled, ‘A Bill for an Act to Amend the Capital Gains Tax Act, Companies Income Tax Act, Personal Income Tax Act, Tertiary Education Trust Fund (Establishment) Act, Customs and Excise Tariff, Etc. (Consolidated) Act, Value Added Tax Act, Federal Inland Revenue Services (Establishment) Act, Nigerian Export Processing Zone Act, Oil and Gas Export Free Zone Act, Fiscal Responsibility...

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Ugwuanyi Presents N169.85 billion Budget of Recovery And Continued Growth For Year 2021

EconomyNewsNigeriaPoliticsUgwuanyi Presents N169.85 billion Budget of Recovery And Continued Growth For Year 2021

Ije Ulasi (Regional Correspondent)December 10, 2020

The Enugu State Governor, Ifeanyi Ugwuanyi, today in pursuant to section 121 of the constitution of the Federal Republic of Nigeria as amended presented the sum of one hundred and sixty-nine billion, eight hundred and forty-five million, seven hundred and fifty-eight thousand, five hundred naira only(N169, 845, 758, 500=) as 2021 budget to the state House of Assembly. Presenting the budget tagged Budget of Recovery and Continued Growth on Wednesday at the floor of the...

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NCC Suspends SIM Sale, Registration for Database Audit

BusinessTelecommunicationNCC Suspends SIM Sale, Registration for Database Audit

Bada Yusuf Amoo (Correspondent)December 9, 2020

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators to immediately suspend the sales and registration of new SIM cards in the country to allow an audit of the Subscribers Registration Database. The NCC Director of Public Affair, Dr. Ikechukwu Adinde, made this known in a statement on Wednesday, saying that it was absolutely necessary for operators to comply pending the conclusion of the audit. In his words, the Minister of Communication and Digital...

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