The Federal Executive Council (FEC) has approved a new Medium-Term Debt Management Strategy for Nigeria (MTDS) for the period 2020-2023. With the approval, announced during Wednesday’s virtual FEC meeting, the DMO which is saddled with managing the nation’s debt matters, has promised full implementation to support economic development while ensuring that public debt is sustainable. The MTDS is a policy document which provides a guide to the borrowing activities of the government in the medium-term, usually four years. It is recognised as one of the best practices in public debt management and is recommended by the World Bank and International Monetary Fund (IMF) to ensure that public debt management is driven by a well-articulated strategy that is structured to meet a country’s broader mac...
File Photo The Department of Petroleum Resources, DPR, Tuesday, disclosed that it plans to upgrade operations in the downstream petroleum industry, leveraging on its ongoing automation process. In a statement in Abuja, Director/Chief Executive Officer of the DPR, Engineer Sarki Auwalu, stated that the upgrade would be to global standards and would be driven by its deployment of improved technology. Auwalu, who was speaking at a virtual meeting with members of the Major Oil Marketers Association of Nigeria, MOMAN, in Abuja, noted that the DPR was currently deploying appropriate technology to enhance value for operators and investors alike in the downstream sector . Specifically, Auwalu explained that the DPR had concluded plans to launch the Downstream Remote Monitoring Systems, DRMS, an in...
A mobile court in Benin, Edo State, on Tuesday sentenced 32 persons to community services for not wearing face masks. Edo State has made it mandatory for residents to wear face masks and obey other COVID-19 protocols in order to check the spread of the viral infection. The prosecuting counsel, Orubosa Okubor, said the 32 persons were apprehended within Benin metropolis and that they pleaded liable. The Chief Magistrate, Rusberth Imafidon, directed the convicts to carry out community services in line with the Correctional Centre of Non-Custodial Regulation. Their punishment includes clearing drains, shrubs, picking of trash, compulsory community sensitisation, and grass-cutting. Mr Imafidon said the offenders would be punished for three hours for one day to serve as a deterrent to other vio...
A telecommunications expert in Owerri, the Imo capital, Mr Charles Okeke, has advised the Federal Government to remove the restrictions placed on SIM card registration. Okeke gave the advice at a news briefing in Owerri on Tuesday, while speaking on the effects of the federal government’s SIM Card-National Identification Number (NIN) linkage policy. He urged the government to embrace a more robust system that would encourage healthy partnership between the National Identity Management Commission (NIMC) and service providers to ensure a seamless linkage. He said that the partnership would fast-track the process and alleviate the “unnecessary hardship” faced by Nigerians due to tight deadlines for the exercise. He further said that large crowds of people struggling for attention at NIMC offi...
Catholic News Agency Catholic Bishop of Sokoto Diocese, Rev Matthew Kukah, has said Nigeria has not recovered from wounds of the civil war, 51 years after the unfortunate event. He also lamented the leaders have not learnt instructive lessons from the 30-month war. The activist-cleric, who spoke at the second edition of the ‘Never Again Conference” said the country has failed to adopt resolutions meant to heal the wounds of the war. The theme of the virtual conference was:’51 years after the Nigerian-Biafran civil war.’ It was chaired by Afenifere chieftain Chief Ayo Adebanjo. The ‘Never Again Conference’ is the brainchild of Nzuko Umunna, a pan-Igbo socio-cultural organisation, which organised the first edition in Lagos last year. Kukah said some of the neglected resolutions were re-echoe...
Britain reported 54,940 new cases of COVID-19 on Sunday, a slight drop from the number on Saturday, and 563 new deaths within 28 days of a positive test, government data showed. Deaths had been above 1,000 for four consecutive days before Sunday, although the numbers at the weekend are often lower due to delays in collecting the data. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.