Clou, a Chinese high-tech company, and its Nigerian partners, Jumbo Goois Global Services, are set to establish a smart prepaid meter assembly plant in Bayelsa. Managing Director and Chief Executive Officer of Jumbo Goois Global Services, Mr Timipre Ogoibiri, who led the delegation of the company, disclosed this at Government House, Yenagoa, in a presentation to Gov. Douye Diri on Tuesday. In the company’s presentation of its plans for the proposed project, the Head of Operations, Mr Chris Osazuwa, said the specification of the meters were unique and would meet Nigeria Electricity Regulatory Commission (NERC) standards. Osazuwa, said the prepaid meter…
Author: Abdallah el-Kurebe
President Muhammadu Buhari has transmitted two executive bills to the National Assembly seeking to control proliferation of arms as well as regulate importation of explosives into the country. President of the Senate, Ahmad Lawan disclosed this at plenary on Tuesday in Abuja. Lawan said that the bills- Control of Small Arms and Light Weapons Bill 2021 and Explosives Bill 2021 were accompanied by two separate letters dated Aug.26 and Aug. 27 by the President. He said that Buhari in the letter on explosive bill said that the request for consideration of the bill was made pursuant to Section 58(2) of…
Members of the National and state houses of Assembly, Ministers, Traditional Rulers and Civil Society organisations on Tuesday in Abuja vowed to work to increase women participation in politics in Nigeria. They made the commitment at the Nigerian Men’s Conference on Gender Sensitive Constitutional Reform, orgainised by the Ministry of Women Affairs, in partnership with National Democratic Institute (NDI) and United States Agency for International Development (USAID). Deputy Senate President, Ovie Omo-Agege, represented by Dr Daniel Bwala, Special Adviser on Legal and Constitutional Matters, said that the commitment became imperative because Nigeria had a long way to walk along the…
The Nigerian Exchange (NGX) closed trading on Tuesday in green to halt the six-day consecutive bearish trend with a marginal growth of N3 billion. The market upturn was due to investors’ renewed buying interest in the financial and industrial sectors. Consequently, the market capitalisation inched higher by N3 billion or 0.01 per cent to close at N20.278 trillion from N20.275 trillion achieved on Monday. Also, the All-Share Index grew by 4.88 points or 0.01 per cent to close at 38,920.50 against 38,915.62 on Monday. The market positive performance was driven by price appreciation in large and medium capitalised stocks which…
By Gami Tadanyigbe More than 568 members of All Progressives Congress (APC) on Tuesday defected to the Peoples Democratic Party (PDP) in Kuje Area Council Federal Capital Territory. The APC defectors, who are from four wards namely Rubocchi, Chibiri, Kuje Central and Gaube ward, were received at the PDP Secretariat in Kuje. The APC defected denounced their membership cards, brooms and posters in replacement for the umbrella of the PDP. Abila Sarkin-Yaki, the leader of the defectors, in an interview said they were dissatisfied by the approach of APC policies. According to him, the defectors pulled out from APC by…
The Conservator- General, National Park Service (NPS), Dr. Ibrahim Goni, has solicited the partnership of the Armed Forces of Nigeria (AFN) towards safeguarding the nation’s forest reserve. Goni made the call when the management staff of NPS paid a courtesy visit to the Chief of Defence Staff (CDS), Gen. Lucky Irabor, on Tuesday in Abuja. According to a statement by Maj-Gen Benjamin Sawyer, Director, Defence Information, Goni said NPS was established for the purpose of protecting and conserving the biodiversity in the designated areas identified as national parks, game reserves and forest reserves. The conservator- general commended the military for the…
Multinational oil company, ExxonMobil based in Mkpanak in Ibeno local government area of Akwa Ibom, has said that it contributed N67.5 billion to the Niger Delta Development Commission (NDDC), in the past 19 years. The Manager, Media and Communications in ExxonMobil, Mr Ogechukwu Udeagha, stated this in an interactive session with newsmen in Uyo, on Tuesday. “Our affiliate companies’ total statutory contributions, since 2001 to June 2020, to the Niger Delta Development Commission (NDDC), is N67,547,369,066,” Udegha said. He said that ExxonMobil affiliates contributed significant value to the Nigerian economy. “Our operations account for a substantial portion of the country’s…
Primary school teachers, Medical and Allied Workers and workers in Chanchaga and Paikoro local government areas of Niger state have begun a sit at home action over salary cut. Following the partial implementation of the autonomy for local governments in the state, the two local governments have not been able to pay 100 per cent salaries to their workers. In Chanchaga local government, workers were paid 36 per cent of their salaries for the month of July after getting 38 per cent in June this year. The Paikoro local government workers got 66 per cent of their monthly salaries for…
The Ministry of Industry, Trade and Investment says current e-commerce spending in Nigeria is estimated at about $13 billion per annum and projected to rise to $75 billion in revenues by 2025. Dr Evelyn Ngige, Permanent Secretary of the ministry, disclosed this on Tuesday in Abuja, at the second National e-commerce Roundtable organised by the ministry. “E-commerce in Post COVID-19 Economy, Potential Change in Business Process Outlook and Shifting Domestic and Global Policies on Commodity Trade,” is the theme of the roundtable. The roundtable’s emphasis is on the development of non-oil sector to generate employment and sustainable revenue earnings. In…
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele said on Tuesday that the measures put in place by the apex bank to prevent economic crisis spilling into a financial crisis in the height of the COVID-19 pandemic had paid-up. Emefiele made the assertion at a 14th Annual hybrid banking and finance conference organised by the Chartered Institute of Bankers of Nigeria (CIBN) under the theme: “Economic Recovery, Inclusion and Transformation: The Role of Banking and Finance.” According to him, key indicators in the banking sector continued to reflect that the banking sector remained strong, resilient and…