Latest Articles
FG to stop petrol subsidy in June – minister
Davos, Jan, 18, 2023 – Zainab Ahmed, the Minister of Finance, says the federal government may stop petrol subsidy in June. She said it would be more appropriate for the government to begin the removal of fuel subsidy in the second quarter of 2023. Ahmed said this while speaking on an interview with Arise TV at the ongoing World Economic Forum (WEF) in Davos, Switzerland. The minister said the country needed to exit the fuel subsidy regime since it had become a very significant contributory factor to revenue loss. “You …
Premier Hotel, Ibadan, to be upgraded to five-star hotel
Ibadan, Jan. 18, 2023 – The Odu’a Investment Company Limited says it has entered into a joint venture agreement with another firm to turn Premier Hotel in Ibadan to a five-star hotel. Mr Victor Ayetoro, Head, Branding and Communication in Odua Investment Company, said this in a statement on Wednesday in Ibadan. He said that the Premier Hotel would be shut down immediately “in order to have a safe environment for the commencement, execution, and timely completion of the project”. According to him, the joint venture agreement is with a …
Ondo extends maternity leave
Akure, Jan 18, 2023 – The Ondo State Government on Wednesday extended the maternity leave period for its female workers from the earlier three months to six months. The state government said the move was to build a society where children that were being raised had all things required in terms of maternal care which should be exclusive in the first six months. Pastor Kayode Ogundele, the Head of Service, said this while receiving members of the Federation of Women Lawyers, Ondo State Chapter, in his office in Akure, the …
Africa50 invests in Scanning Systems to boost regional trade
Casablanca/Abidjan, Jan. 18, 2023 – Africa50, the pan-African infrastructure investment platform and Tassec Investment Holdings Africa have announced the completion of Africa50’s equity investment in Scanning Systems. Scanning Systems is a company specialised in the design, financing, and implementation of One-Stop Joint Border Posts (JBPs) in Africa. Africa50 said in a statement on Wednesday that the investment would support Scanning Systems to develop JBPs and deliver efficient border management with modern facilities and tools, facilitate transit and increase traffic across the borders of Africa. “This is expected to significantly reduce transit …
MMIA Customs Command seizes N13.8bn worth of hard drugs
Lagos, Jan. 18, 2023 – The Murtala Muhammed Airport Command of the Nigeria Customs Service has said it intercepted hard drugs, and military and police hardware at the cargo section of the airport worth N13.8 billion. Sambo Dangaladima, the Customs Area Controller, told journalists at the command in Ikeja, Lagos, on Tuesday, that 162 cartons of banned tramadol hydrochloride 225 and 250mg, military and police hardware were intercepted at the Skyway Aviation Handling Company. He said the drugs originated from India and Pakistan and were routed through Addis-Ababa, Ethiopia. Dangaladima …
Nigerian can withstand another recession – finance minister
davos, jan. 18, 2023 – Zainab Ahmed, the Minister of Finance Budget and National Planning, says Nigeria can withstand another recession in 2023. Ahmed said this during an interview with Arise Tv at the ongoing World Economic Forum in Davos. She said that the Nigeria’s foreign reserves was enough to trade her obligations if it slipped into recession. The International Monetary Fund (IMF) is projecting that a third of the world will be in another recession in 2023. Ahmed affirmed that the country would withstand the shocks in spite of its …
INEC suffered 50 attacks on its offices nationwide – official
Abuja, Jan. 18, 2023 – The Independent National Electoral Commission (INEC) says it has suffered 50 attacks on its offices across the country between 2019 and 2022. It said 11 of these attacks were in Imo State alone. Rotimi Oyekanmi, the Chief Press Secretary to the INEC Chairman, said this at a virtual meeting organised by the International Press Centre with support from the European Union Support to Democratic Governance in Nigeria. The meeting was held to enhance capacity of journalists on conflict-sensitive reporting ahead of the general elections. “Between …
Aregbesola calls for review of Nigeria’s federalism
Abuja, Jan.18, 2023 – Rauf Aregbesola, the Minister of the Interior, has called for a review of the nation’s model of federalism to enable the federating units unlock their potential for the benefit of the country and its people. He blamed the poor state of development in the country on the huge population of unemployed people. The minister made the suggestion at a one-day dialogue on tracking campaign promises for good governance in Abuja. He dismissed the notion in some quarters that once elected, politicians do not care about fulfilling …
Cross Rivers sacks 12 principals, sanctions others for misdemeanour
Calabar, Jan. 18, 2023 – Twelve secondary school principals have been sacked and others transferred in Cross Rivers State for collecting illegal levies Dr Godwin Amanke, the state Commissioner for Quality Education, disclosed this during a ministerial briefing in Calabar. “We have given a lot of queries. Twelve principals were removed, six suspended and 16 were transferred for the misdemeanour,’ he said Amanke said he heard that principals were paying as much as N300,000 to be transferred. He confirmed the existence of cultism in secondary schools in the state and …
Governors’ Forum to meet Emefiele on CBN policies
Abuja, Jan 18, 2023 – The Nigeria Governors’ Forum (NGF) will on Thursday meet with Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) on some of the bank’s recent policies. Abdulrazaque Bello-Barkindo, the Spokesman for NGF, said on Tuesday night that the governors’ plan was to engage Emefiele on the economic and security implications of naira redesign and withdrawal policy. He said the NGF Chairman, Governor Aminu Tambuwal of Sokoto State, had sent an invitation to Emefiele on the meeting to be held virtually at 9.00 pm on Thursday. …