The Nigeria Labour Congress (NLC) on Wednesday held their National Executive Council (NEC) meeting, at the Nigerian Airforce Conference Centre, Abuja, where they lamented the precarious state of insecurity and economic woes in the country. According to President of the NLC Ayuba Wabba, hardly does any day passes by without one negative report of citizens either kidnapped or abducted for payment of ransome. Lamenting the situation, Wabba said our beloved country has never been emmeshed in the grips of insecurity turbulence and crisis as we witness today. He said in the past two years or so, we have witnessed an intense resurgence of terrorism, armed banditry, kidnap-for-ransom, militancy and resource conflicts all over the country. According to him, there is also the challenge of criminals ...
The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...
The Federal Government has listed conditions for states to meet before the Pfizer/BioNTech vaccine being expected wt the end of January would be released to them. The National Primary Health Care Development Agency (NPHCDA), during a webinar tagged “Sensitisation Meeting with Media Gatekeepers on COVID-19 Vaccine Introduction”, at the weekend, said no vaccine will be release to states until facilities such as cold chains are in place. According to Director, Logistics and Health Commodities, NHPCDA, Kubura Daradara, the vaccine must be administered within five days of receipt for it to remain potent, and only the states that show commitment would receive the doses when available. She added that the 100,000 doses would be administered to 50,000 people, because each person has to take a secon...
Ghanaian soldiers intervened overnight to quell a clash between opposing parties in parliament ahead of the body’s swearing-in set for Thursday. Chaotic scenes erupted after a ruling party deputy tried to seize the ballot box during the vote for parliament speaker. The ensuing clash lasted several hours until the army stepped in, with national television broadcasting the drama live. “There was total breakdown of law and order,” said MP-elect Kwame Twumasi Ampofo of the opposition National Democratic Congress. “Looking at a member of parliament and a minister of state snatching ballot papers… was so shameful.” The new parliament will be virtually split down the middle between the two main parties, posing the risk of gridlock with key issues on the agenda including how to turn around an econ...
The Police Command in Edo on Monday said only 10 suspects -two of whom have been rearrested, escaped from its cell at the Command Headquarters in Benin. A statement from the command’s spokesman, SP Chidi Nwabuzor, said the incident occurred at about 02:45 hours of Friday, January 1. Mr. Nwabuzor said the command decided to set the record straight, contrary to publications that had gone viral on social media and other platforms alleging that hundreds of armed robbery and kidnapping suspects had escaped. “Only 10 suspects escaped after the cell break, two of the escapees have already been rearrested while we have intensified hunt for the remaining eight,” the statement read. It said that the publication on social media and other platforms alleging that hundreds of suspected armed robbers and...
The Kogi House of Assembly on Tuesday passed the N130.54 billion Appropriation Bill tagged “Budget of Accelerated Recovery” into law. Newsmen report that the House considered the bill Clause-by-Clause at the “Committee of the Whole” of the House at plenary in Lokoja. Aderonke Aro (APC-Yagba West) and Chairman, House Committee on Finance, Budget Monitoring and Economic Planning, presented the committee’s report for consideration. Aro declared that Ministries, Departments and Agencies (MDAs) with genuine reasons for adjustments in their allocations were taken care of during the defence of their respective budgets. In the budget presented to the House on Dec. 1, Gov. Yahaya Bello of Kogi had said that the budget was indicative of the assessment of the amount the state could generate on its ow...
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...