…As NNPC pledges to deliver on schedule Borno state governor, Prof. Babagana Zulum has described the groundbreaking ceremony of the Maiduguri & Environs Emergency Power Project (MEPP) as the happiest day of his life and a huge relief to the people of Maiduguri, who have been without power supply for nine months. He spoke during the inauguration of power project in Maiduguri on Thursday. According to him, NNPC’s commercial investments in the 50mw combined gas power plant will ultimately increase energy supply level to Maiduguri and environs, thereby impacting the state’s economy positively, when completed. He said the Borno State…
Author: Abdallah el-Kurebe
The Nigerian Exchange (NGX) Ltd closed trading activities on Thursday on a bullish trend rallying by N328 billion ahead of the country’s 61st independence day holiday. Specifically, the market capitalisation which opened trading at N20.627 trillion inched higher by N328 billion or 1.59 per cent to close at N20.955 trillion. Also, in spite of the shortened trading session, the All-Share Index rose above the 40,000 mark to close at 40,221.17 against 39,592.29 on Wednesday – the highest level since February 2021 The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Dangote Cement, Presco,…
The Central Bank of Nigeria (CBN) on Thursday, announced the postponement of its Central Bank Digital Currency (CBDC), known as eNaira, in view of the commemoration of the country’s 61st independence anniversary. The apex bank’s spokesperson Mr. Osita Nwanisobi explained that the CBN took the decision on the launch, initially scheduled to coincide with the independence anniversary, in deference to the mood of national rededication to the collective dream of one Nigeria. According to him, the bank and other partners were working round the clock to ensure a seamless process that would benefit the customer, particularly those in the rural…
The Nigerian Investment Promotion Commission (NIPC) has emerged first position at the 2021 National Freedom of Information (FOI) Compliance and Transparency Ranking, out of the 213 Ministries, Department and Agencies (MDAs) assessed. According to the announcement on NIPC’s website, the parameters for the ranking were proactive disclosure, responsiveness in the request for information, level of disclosure, FOI training and timeliness. The announcement was made at the unveiling ceremony held on Sept. 28 and was co-organised by six civil society organisations: the Basic Right Watch (BRW), BudgIT, and International Centre for Investigative Reporting. Others were Media Rights Agenda (MRA), Public and…
The Court of Appeal in Abuja has joined Lagos State as the third respondent in the legal battle between the Federal Inland Revenue Service (FIRS) and Rivers. Rivers is the first respondent in the appeal in which the FIRS joined the Attorney-General of the Federation as the second respondent. The legal tussle is on who collects VAT between the federal and state governments. Lagos State had applied to be joined in the suit claiming that it had a stake in the determination of which level of government was entitled to collect VAT. In a unanimous ruling delivered by Justice Haruna…
By Fadlillah Abdallah Manufacturers Association of Nigeria (MAN) has thrown its weight behind the recent policy of the Central Bank of Nigeria (CBN) to withdraw foreign exchange from Bureaux De Change (BDCs) in the country. MAN President, Engr Mansur Ahmed said this yesterday in Ilorin, Kwara state capital at the Annual General Meeting (AGM) of Kwara and Kogi states branch of the association. The MAN boss who lamented the effect of activities of the BDCs on the manufacturing sector further noted that CBN policy would temporarily hike exchange rate, the country’s economy would be better for it. He said foreign…
The Peoples Democratic Party (PDP) Zoning Committee has zoned the party’s national chairmanship position to the North, ahead of in the party’s October 30, elective national convention. The Chairman of PDP Zoning Committee, Gov. Ifeanyi Ugwuanyi of Enugu State, disclosed this while reading the communique of the committee’s meeting held on Thursday in Abuja. He said that the committee resolved that the present national elective positions of the party should be swapped between the north and the south. He, however, said that the mandate of the committee did not include zoning of the offices of the president, vice president and…
The Nigerian Airspace Management Agency (NAMA) plans to conduct a mock exercise on volcanic eruption for the recertification of Nnamdi Azikiwe International Airport (NAIA), Abuja. This is in compliance with requirements of the International Civil Aviation Organisation (ICAO). NAMA General Manager at NAIA, Mr Robinson Baazo said in Abuja on Thursday that “we want to practice how to handle volcanic eruptions and how it affects aviation basically. “Some years ago, there was volcanic eruption in neighbouring Cameroon. “Not too long ago, there was volcanic eruption in Congo Democratic Republic at Kinshasa; about two weeks ago, there was volcanic eruption at…
By Tina George, Minna The Accountant General of the Federation (AGF), Mr Ahmed Idris has disclosed that 711 Ministries, Departments and Agencies are currently implementing the Integrated Payroll and Personnel Information System (IPPIS) across Nigeria. Idris stated this during the nationwide IPPIS payroll training for IPPIS role players by his office in Minna. According to him, the office is working to decentralize the IPPIS as part of its business re-engineering process. Idris, who was represented by the Director IPPIS, Ben Nsikat noted that the training is as a result of the complexities of the IPPIS and to ensure that desk…
Centre for Fiscal Transparency and Integrity Watch, a non-partisan organisation, has ranked Ekiti state as the second among other states in transparency and accountability. The ranking was disclosed in a statement on Thursday in Ado-Ekiti, issued by Mr Yinka Oyebode, Chief Press Secretary to Gov. Kayode Fayemi. Oyebode stated that Ekiti state with the ranking emerged the second most transparent and integrity-compliant state in Nigeria. He described the latest ranking as the product of the administration’s commitment to transparency and accountability in governance. According to him, the 2021 Transparency and Integrity Index (TII) survey carried out by the centre showed…