By Foster Obi Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to work together to plug loopholes in the Temporary Importation Permit (TIP) system that importers often exploit to avoid levies due to the government. Director-General of NIMASA, Dr. Bashir Jamoh, stated this in Abuja on Wednesday, when […]
The immediate introduction of aTemporary Basic Income for the world’s poorest people could slow the current surge in COVID-19 cases by enabling nearly three billion people to stay at home, according to a United Nations Development Programme (UNDP) report released today. The report, Temporary Basic Income: Protecting Poor and Vulnerable People in Developing Countries estimates […]
By Foster Obi Central Bank of Nigeria (CBN) has released a N50 billion special mechanism for restructuring of existing facilities and provision of further facilities in a bid to resuscitate the Textiles Industry CBN said on its website Tuesday that this was the result of the meetings held between the Governor and owners of textile […]
By Foster Obi International Monetary Fund has said that the US$3.4 billion loan given to Nigeria in April under the Rapid Financing Instrument (RFI) is repayable in 5years. The IMF said in its Facksheet that the RFI is a loan which repayment starts in the third year. According to the Organisation, the RFI currently costs […]
By Samuel Ugbor, Abakaliki Ebonyi State Government, on Tuesday, said no group or individual could fault Governor David Umahi, on road construction across the country. This is even as the State Government told the people of Ezzagu community, in the Ishielu Local Government Area of the state said it was poised to completing the road […]
By Foster Obi International Monetary Fund (IMF) Managing Director Kristalina Georgieva yesterday announced that Martin Mühleisen, Director of the Strategy, Policy, and Review (SPR) Department, has indicated his intention to retire from the Fund in August 2021. In the interim period, Mr. Mühleisen will take on a role as a Special Advisor in the Office […]
…New framework will deepen industry competition, says Danbatta By Foster Obi Nigerian Communications Commissions (NCC) says it is committed to the creation of an enabling environment for competition among operators in the industry to ensure the provision of qualitative and efficient telecoms services as stipulated in Nigerian Communications Act (NCA), 2003. A statement signed by […]
By Foster Obi Nigerian Senate on Tuesday confirmed the nomination of Prof. Umar Garba Danbatta for reappointment as the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC). A statement signed by Dr. Ikechukwu Adinde, Director, Public Affairs said the Senate confirmed Danbatta during its plenary in Abuja, following […]
The Police in Abia have begun manhunt for the remaining nine of the 29 criminal suspects that escaped from police cell in Umuahia on Saturday. SP Geoffrey Ogbonna, the Police Public Relations Officer for Abia Command, confirmed to the News Agency of Nigeria (NAN) on Monday that 29 detainees escaped from the Umuahia Central Police […]
The Inspector General of Police (I-G), Mr Mohammed Adamu has said that a total of 41,863 police personnel had been promoted in the last 19 months. Adamu disclosed this on Monday during the decoration of 10 newly promoted Senior Officers in Abuja. “Since the inception of my administration as the I-G in January, 2019, a […]
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