Latest Articles
Dangote-led flood committee commences distribution of N1.5bn relief items to victims nationwide
Lagos, Dec.7, 2022 – The Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR), otherwise known as Dangote Flood Committee, has started distributing relief materials worth N1.5 billion to flood victims nationwide. The PCFRR, which was established by the Federal Government following the 2012 floods, is co-chaired by Africa’s foremost industrialist, Aliko Dangote, and Dr. Olisa Agbakoba. The flagging off ceremony for this year’s distribution, started in Borno State on Tuesday. It was conducted by the State Governor, Professor Babagana Umara Zulum, in Maiduguri, Borno State capital. The Governor thanked the …
NIMASA wins taxation institute award, Jamoh bags 2022 outstanding service award
Lagos, Dec. 7, 2022 – The Nigerian Maritime Administration and Safety Agency (NIMASA) has received the ‘Corporate Organization Award’ from the Chartered Institute of Taxation of Nigeria (CITN) for its good corporate citizenship. Dr Bashir Jamoh, its Director General, was also awarded the 2022 ‘Outstanding Service to Taxation Profession’ award by the CITN. A statement by NIMASA in Lagos on Wednesday said that the awards were given to the organisation for its exemplary record of tax-compliance and corporate social initiatives. These, it said, included NIMASA’s nationwide distribution of relief materials …
Petrol tanker falls, blocks Onitsha – Enugu road
Onitsha, Dec. 7, 2022 – A tanker laden with petrol on Tuesday fell along the Onitsha-Enugu Expressway between Toll Gate and Ogbunike Slaughter. The incident happened at about 2:05 pm as the tanker driver was diverting to Ndumore Oil & Gas Filling Station along the expressway. The cause of the incident was due to loss of control of the tanker by the driver. The incident caused the Awka-bound lane to be cordoned, while vehicles were diverted to the Onitsha-bound lane, thereby causing heavy traffic on the axis. “The men of …
Buhari reiterates determination to handover on May 29
Abuja, Dec. 6, 2022 – President Muhammadu Buhari today reaffirmed his determination to hand over the leadership of Nigeria to an elected president on May 29, 2023 as enshrined in the constitution. He expressed his determination when he received the Special Envoy of King Mohammed the VI of Morocco, Shakib Ben Musa, at the State House, Abuja. Musa is also the Minister of National Education, Pre-School, and Sports of the Kingdom of Morocco. According to President Buhari, his term of office will end with the inauguration of a new president …
CBN sets limit to cash withdrawals per week
Lagos, Dec. 6, 2022 – The Central Bank of Nigeria (CBN) today introduced a new policy limiting over-the-counter cash withdrawals per week. The CBN has directed banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities should not exceed N100, 000 and N500, 000, respectively, per week. The cash withdrawal limits is contained in a circular issued today by the apex bank will take effect nationwide on January 9, 2023. The new policy is coming barely weeks after President Muhammadu Buhari launched the newly …
Kano Hisbah intercepts truck with 18,000 bottles of beer
Kano, Dec. 6, 2022 – Kano State Hisbah Board has intercepted a vehicle loaded with over 18,000 bottles of assorted beer in Gwarzo Local Government Area of the state. Sheikh Harun Sina, the Commander General of the Board, told newsmen in Kano on Tuesday that the truck was intercepted on Monday along Gwarzo road on its way to Kano. Jamilu Yakasai, the head of anti-intoxicants unit, said the vehicle was intercepted following a tip-off by a good samaritan on its way to Kano through Gwarzo Local Government Area. He said …
Buhari sends 2 CBN nominees to NASS for screening, approval
Abuja, Dec. 6, 2022 – President Muhammadu Buhari has written to the Senate to seek the screening and subsequent confirmation of a former Central Bank of Nigeria (CBN) Director of Human Resources, Edward Adamu, for the position of a Deputy Governor of the CBN. According to the letter, read on Tuesday during plenary by the President of the Senate, Ahmad Lawan, the nomination of Adamu is for the second and last time in office. The President has also written to the Senate, asking for the screening and confirmation of the CBN Deputy …
Airlines to return to profitability in 2023 – IATA
GENEVA, Dec. 6, 2022 (Reuters/GBN) – The airline industry will become profitable again next year for the first time since 2019 as a snapback in air travel continues following nearly two years of COVID-19 restrictions, an industry association said on Tuesday. Airlines lost tens of billions of dollars in 2020 and 2021 due to the pandemic but air travel has partially recovered and some airports have struggled to cope. The International Air Transport Association (IATA) now expects a net profit of $4.7 billion for the industry next year, with more …
CONUA threatens legal action over non-payment of members’ salaries
Lagos, Dec. 6, 2022 – The Congress of University Academics (CONUA) has threatened to take legal action against the federal government over non-payment of its members’ salaries. The union expressed its disappointment with the Federal Government, particularly the Minister of Labour and Employment, Dr Chris Ngige, over non-payment of its members’ salaries when government knew that the union did not call for strike and its members were not involved in the strike that lasted for eight months. CONUA said this in a statement on Tuesday which was signed by its …
Oil prices climb after Russian crude sanctions kick in
Dec. 6, 2022 (Reuters/GBN) Crude oil prices rebounded on Tuesday after plunging by more than three per cent in the previous session as implementation of sanctions on Russian seaborne crude oil eased concerns about over supply while the relaxing of China’s COVID curbs bolstered the demand outlook. Brent crude futures had gained 85 cents to $83.53 a barrel by 0733 GMT. West Texas Intermediate crude (WTI) rose 68 cents to $77.62 a barrel. Crude futures on Monday recorded their biggest daily drop in two weeks, after U.S. service sector data …