By Foster Obi Senate Committee on Aviation on Friday, March 6 paid an oversight visit to the Federal Airports Authority of Nigeria at the Authority’s Headquarters annex in Lagos. Receiving the distinguished committee, the Managing Director of the Authority, Capt. Rabiu Yadudu, who led the FAAN Management team to the meeting, expressed the Authority’s appreciation […]
The National Pension Commission has said it recovered N553.03m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement Savings Accounts with their respective pension fund administrators. PenCom disclosed this in its monthly report for the fourth quarter of 2020 obtained on Sunday. Out of this amount, the principal […]
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to provide spending details of the overdrafts and loans obtained from the Central Bank of Nigeria (CBN) by the federal government since May 2015. SERAP said the details should include the total overdrafts, the projects on which the overdrafts have been spent, repayment […]
The United Kingdom is said to be considering major cuts in aid facilities to at least eight countries, including Nigeria. Open Democracy, an international media organisation, in a report published on Friday, disclosed the UK’s decision as seen in leaked emails from the accounts of government officials. The cuts were reportedly “discussed by senior officials […]
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said Nigeria accounts for 20 per cent (about $10 billion) of the estimated $50 billion that Africa loses to Illicit Financial Flows (IFFs). The chairman of the commission, Prof Bolaji Owasanoye, made the disclosure in his welcome remark at a physical and virtual zoom […]
President Muhammadu Buhari has directed the Nigeria Immigration Service (NIS) to improve surveillance and control around the nation’s borders. Giving his speech at the virtual commissioning ceremony of the NIS Technology Building on Thursday in Abuja, he urged the NIS to collaborate with international security organisations such as INTERPOL in safeguarding the borders. The President […]
By Foster Obi A new executive committee of the Advert Managers Forum (AMF), a professional grouping of managers of advertising in the print media industry has been inaugurated. A press statement signed by Vera Chidi-Maha, Public Relations Officer said the inauguration which took place during the February monthly meeting of the forum at the secretariat […]
By Foster Obi To give its customers peace of mind when planning future travel, British Airways is offering discounted rates with Government-approved COVID-19 testing providers, including Qured A statement by the airline said Qured will deliver rapid, professionally administered antigen test kits to British Airways customers at an exclusive, discounted price of £33 The test […]
Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization of the United Nations (FAO) reports. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 116.0 points in February, […]
The Central Bank of Nigeria (CBN) has announced an extension period for its reduced interest rates on intervention facilities to businesses by 12 months. The apex bank, in a statement released on Wednesday, and signed by Kelvin Amugo, director of financial policy and regulation department of the CBN, said the extension became necessary following the […]