The Executive Board of the International Monetary Fund (IMF) approved on October 2, 2020 a second six-month tranche of debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval follows the first six-month tranche (April 14 – October 13, 2020) approved on April 13, 2020 (see Press Release […]
Federal Government has announced plans to deploy 60,000 Environmental Health Emergency Volunteers to schools in 774 Local Government Areas across the country. The Minister of Environment, Mohammad Abubakar who made this announcement on Monday in Abuja said the deployment is to ensure that the guidelines of the COVID-19 protocols are strictly adhered to as schools […]
The Lagos zonal office of the Economic and Financial Crimes Commission, EFCC, on Friday, October 2, 2020, took over a vessel, MV Poseidon alongside 10 crew members after they were arrested on July 20, 2020, by the Nigerian Navy Ship Beecroft, for investigation and prosecution. The suspects are Umoh Samuel, Abonida Seaman, Ogidigbo Kelly, Ajemfuja […]
US oil and gas giant ExxonMobil on Monday announced it would slash 1,600 jobs in Europe equaling more than 11 per cent of its workforce there as it struggle with the coronavirus downturn. “The impact of Covid-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work. It is anticipated […]
Against the backdrop of the global impacts of the COVID-19 pandemic and climate change, particularly in African countries, the Government of Ethiopia and the International Fund for Agricultural Development of the United Nations (IFAD) have launched a new US$305.7 million programme to help the most vulnerable farmers increase their resilience. The third phase of the […]
The Federal Government said it has begun to clamp down on the use of faulty and altered equipment used by some business owners to cheat customers. The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, announced this yesterday in Port Harcourt at a two-day sensitisation workshop with stakeholders in the downstream oil and gas […]
The National Coordinator of the Presidential Task Force on COVID-19, Dr Sani Aliyu, has disclosed that over 27,000 passengers from abroad have arrived the country since the Lagos and Abuja Airports were re-opened on September 5. Aliyu said 18,000 passengers came in through the Murtala Muhammed International Airport, Lagos, while 9,000 persons came in through […]
By Foster Obi Nigerian Maritime Administration and Safety Agency (NIMASA) has issued a three-month ultimatum to companies engaged in Cabotage trade in Nigeria to register all vessels used in coastal and inland waters trade. A statement signed by Philip Kyanet , Head, Corporate Communications, said besides registration in the applicable Special Register for Cabotage Vessels […]
IMF Executive Board said it has approved an additional US$101.96 million disbursement under the Rapid Credit Facility for Malawi to address the COVID-19 pandemic. This is the second disbursement under the Rapid Credit Facility (RCF), which brings total IMF COVID-19 emergency support to Malawi to US$193 million. Malawi’s economic outlook has worsened since the first […]
By Foster Obi The World Customs Organization (WCO) said it concluded additional agreements in the month of September, with the U.S. Department of State, to expand its Anti-Money Laundering and Counter-terrorism Financing (AML-CTF), Customs Operational Practices for Enforcement and Seizures (COPES) and Strategic Trade Control Enforcement (STCE) Programmes. A statement by the world Customs body […]