The Federal government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5 from Monday next week. Sen. Chris Ngige, Minister of Labour and Employment, disclosed this while addressing newsmen at the end of a closed door meeting with the organised labour on Tuesday in Abuja. The meeting was necessitated by the increase of PMS from N160 per litre to N170 and the increase of electricity tariff. Ngige said that new price of petrol template would come into effect from Monday next week. “Our discussion was fruitful and the Nigerian National Petroleum Corporation…
Author: Editor
President Muhammadu Buhari will address a joint session of the National Assembly, NASS, on Thursday. The President’s Personal Assistant on Social Media, Lauretta Onochie disclosed this via a tweet on her Twitter handle @Laurestar on Monday. “FireFLASHFire, FireFLASHFire President @MBuhari will address a joint session of the National Assembly (@nassnigeria) on Thursday 10th December 2020,” the tweet reads. Recall that penultimate week, the House of Representatives asked Buhari to appear before it over the lingering insecurity across the country. Following that, the leadership of NASS met with the President after which they told Nigerians that he would address the Assembly.
By Mohammmed Ahmed, Bauchi The BUA Foundation on Monday donated three ambulances and 50,000 facemasks to Bauchi government to fight COVID-19 pandemic in the state. The Director, Government Relation of the foundation, Dr Aliyu Hong made the announcement while presenting the ambulances and facemasks to governor Bala Mohammmed in Bauchi. He said that a new trend of the COVID 19 pandemic is surfacing again in some countries of Europe, America, Nigeria amongst others. “The donation of the ambulances and facemasks is to support the state government in its fight against the COVID-19 pandemic “Government has done remarkably well in containing…
The Ministry of Industry, Trade and Investment is collaborating with the World Bank to develop a Sector Strategic Plan for 2020 to 2030 to revitalise the sector. Dr Nasir Sani-Gwarzo, the ministry’s Permanent Secretary disclosed this on Monday in Abuja at the 12th meeting of the National Council on Industry, Trade and Investment. Sani-Gwarzo, who disclosed this at the Virtual/Physical Technical Session, said that the plan would serve as a roadmap for a sustainable revitalisation of the sector. He added that efforts were being made to digitalise the operations of the ministry and its agencies. He said that this would…
The Economic and Financial Crimes Commission, EFCC, on Monday, urged Justice Chukwujekwu Aneke of the Federal High Court, sitting in Ikoyi, Lagos to dismiss the no-case submission filed by Abdullahi Babalele, a son-in-law to former Vice President, Atiku Abubakar. Babalele was re-arraigned on Thursday, October 8, 2019 on a two-count charge, bordering on money laundering to the tune of $140,000.00. One of the counts reads: “That you, Abdullahi Babalele, on or about the 20th day of February, 2019 in Nigeria, within the jurisdiction of this Honourable Court, procured Basir Mohammed to make a cash payment of the sum of $140,000.00 without…
President Muhammadu Buhari has warned that any act of hooliganism hiding behind lawful and peaceful protests would be dealt with decisively, to ensure peace and stability in the country. The president gave the warning when he virtually declared open the Chief of Army Staff’s Annual Conference 2020 in Abuja on Monday. Buhari commended the Nigerian Armed Forces for their efforts at swiftly restoring law and order in various states during the large-scale criminality that ensued in the wake of the #EndSARS protests. He reiterated federal government’s commitment to the rights of citizens to embark on peaceful protests responsibly and in…
President Muhammadu Buhari on Monday virtually inaugurated the headquarters of Nigerian Army Cyber Warfare Command and housing scheme for the next-of-kin of fallen officers and soldiers in Abuja. He also inaugurated the cyber warfare Operations centre and cyber warfare school located at Muhammadu Buhari Cantonment, Giri, Abuja. The inauguration was in commemoration of the 2020 Chief of Army Staff Annual Conference with the theme; “Human Capacity Development in Sustaining Professionalism of the Nigerian Army in the Discharge of its Constitutional Roles”. Buhari commended the Nigerian Armed Forces for their efforts at restoring law and order in the country and curtailing…
The National Agricultural Land Development Authority (NALDA) is collaborating with the Federal College of Horticulture, Dadin – Kowa (FCHD) in Gombe State to engage 400 youths in agricultural activities. The Executive Secretary of NALDA, Mr Paul Ikonne made this known in press statement issued on Monday in Abuja adding that the partnership was to achieve food security for the country. Ikonne said the authority would engage 400 youths under it National Young Farmers Scheme in collaboration with FCHD in the dry season farming. According to him, the agency had commenced the reactivation of its 300 hectares of farmland in the…
Nigeria’s eight banks suffered a N2.32 trillion debit in Cash Reserve Requirement (CRR) sequesters by Central Bank of Nigeria (CBN) in nine months of 2020 NewsDirect reveals that the apex bank had since 2019 debited banks a chunk of their deposits as part of a mutually inclusive CRR and Loan to Deposit Ratio policy that is targeted at coercing banks to lend more to the private sector. The Monetary Policy Committee (MPC) of the CBN increased its CRR to 27.5 per cent from 22.5 per cent at held in January and maintained it all through the year. The CRR is…
President Muhammadu Buhari has told African leaders to promote the implementation of arms control instruments and embargoes, to complement and consolidate African Peace and Security Architecture. Buhari made the call at the 14th extra-ordinary session of the Assembly of the African Union (AU) on “Silencing the Gun”, held virtually on Sunday. “The major challenge for Africa today is achieving a new trajectory of peace, security, stability and a conflict-free Africa, following threats of terrorist activities and other crimes across the continent. He said the increasing number of peace agreements and their ongoing operationalisation in conflict situations around the continent demonstrated a…