Dollars
PTF: Nigeria has over 100 molecular laboratories
Nigeria can now boast of over 100 molecular laboratories for the testing of COVID-19 in the country, the Chairman of the Presidential Task Force (PTF), Boss Mustapha, has said. This is just as the Chief of Staff to the President, Prof Ibrahim Gambari, flayed the non challant attitude of people in his home state, Kwara, to the pandemic. The SGF who spoke Tuesday at the commissioning of State House Clinic Special Care Centre (COVID-19 Isolation Centre) stated that the number of molecular laboratories grew from two last year to more than 100 as at today and are spread across the 36 states of the federation. His words: ‘‘From just two molecular laboratories for the testing of COVID-19 in Nigeria, we now have over 100 molecular laboratories, public and private, across the 36 States of the Feder...
Rivers governor seeks end to external influence on NDDC
Governor Nyesom Wike of Rivers State has regretted the continuous interference of external forces who are not from the oil-rich region on the activities of Niger Delta Development Commission, NDDC, noting that the act frustrates programmes of the commission. Wike, however, condemned the posture of some ethnic groups in the region that behave as if the commission belongs to them, clarifying that NDDC was set up to cater for needs of the states of the region. The governor disclosed this in a statement signed by his Special Assistant, Media, Kelvin Ebiri, after the visit of the Interim Management Committee of NDDC to Government House, Port Harcourt, yesterday. The governor said people are abusing the entire region because the commission has wasted trillions of Dollars without lifting the mass...
Nigerian government seizes bank’s assets over Shell’s N183 billion debt
File Photo Nigerian government have moved to sequester the assets of the country’s premier lender First Bank of Nigeria Limited in an effort to recover the damages oil major Royal Dutch Shell owed the Ejama Ebubu community of Rivers State in a legal contest spanning many decades, Bloomberg reported Thursday. Police operatives and court officials arrived the bank’s main branch in Port Harcourt on Tuesday to execute an order to seize the lender’s asset, FirstBank said in a statement. The bank said the incident leading to the confiscation of its properties was “unjustified, illegal and a reckless misuse of the machinery of justice.” Lagos-headquartered FirstBank resolved to guarantee the damages awarded against Shell by a Rivers State high court judge a decade ago. According to the estimation...
Abuja residents: Why we buy ‘second hand’ clothes
Some residents of the Federal Capital Territory (FCT) in Bwari Area Council say they patronise the clothes not only because of its affordability but also for the upgraded standard. The buyers spoke in separate interviews with newsmen at the Dutse-Alhaji market on Sunday in Abuja. The buyers were seen patronising the items from their dealers in the market, which was known for the cheap sale of second hand clothing in the district. Ada Micheal, one of the buyers, told newsmen that when it came to especially shoes, school or women bags, she preferred the second hand ones because they were almost new and last longer. ” Not all of these items you see here are fairly used; most of them are new or almost new. ” Some even come with tags from probably the stores they were initially hung for sale or...
US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say. Global stock markets rose and bonds nursed losses on Thursday in anticipation of a big-borrowing and big-spending Democratic administration driving growth, following runoff elections that gave the party control of both houses of the United States Congress. On Wednesday, US Treasury bonds had suffered their steepest selloff in months after Democratic Party victories in two races in the state of Georgia handed them narrow control of the Senate and the power to pass their agenda. US S&P 500 futures rose 0.6 percent and Nasdaq 100 futures rose 0.9 percent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protest...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
Senator Adeyemi advocates N50 billion bailout fund for airline operators
Sen. Smart Adeyemi (APC Kogi), has called on the Federal Government to provide a bailout fund of N50 billion for airlines operators in the country. The post Senator Adeyemi advocates N50 billion bailout fund for airline operators appeared first on TODAY. 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.
Ex-Malawian president ordered to pay for mandate ‘defiance’
Malawi’s High Court ruled on Friday for former President Peter Mutharika and former Chief Secretary to Government, Lloyd Muhura, to personally pay the entire cost of litigation for violating their constitutional mandate in light of their order to put Chief Justice Andrew Nyirenda and another judge on leave pending retirement. The post Ex-Malawian president ordered to pay for mandate ‘defiance’ appeared first on TODAY. 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.
ANEEJ: Nigeria to get fresh £60 million loot from UK
The Executive Director of African Environment and Economic Justice (ANEEJ), David Ugolor, yesterday, said that the Nigerian government is set to receive a fresh whooping sum of £60 million from the United Kingdom as part of the money starched by the former governor of Delta State, James Onanefe Ibori. The post ANEEJ: Nigeria to get fresh £60 million loot from UK appeared first on TODAY. 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.
Nigeria mulls exit from some International organisations – minister
The Minister of Foreign Affairs, Mr Godfrey Onyeama, says plans are underway to reduce the number of International Organisations Nigeria belongs to because of paucity of funds. Onyeama made this known while defending the ministry’s 2021 budget at the House of Representatives on Tuesday in Abuja. He said that the ministry is faced with a challenge of meeting its contribution to those International organisations. “We are owing a lot, and in the Federal Executive Council (FEC), there is a process to rationalise and cut down on the International Organisations we belong to. “This is because we are just owing monies left and right and it is not even good for the image of the country,” he said. Onyeama, who decried the poor funding of the ministry, reeled out the challenges facing the 2021 budget...
NCC contributes N2.272 trillion to Nigeria’s GDP – chief
The Executive Vice Chairman of the Nigeria Communications Commission (NCC), Umar Garba Danbatta, has said that the contribution of the Telecommunication sector to the country’s Gross Domestic Product (GDP) has risen from 8.5 per cent in 2015 to 14.3 per cent as at September this year amounting to N2.272 trillion. Danbata disclosed this when members of the House of Representatives Committee on Telecommunication led by its Chairman, Rep. Akeem Adeyemi visited the Commission on an oversight The Executive Vice Chairman of the Commission also disclosed that Investments in the sector had risen from 38 billion dollars in 2015 to over 70 billion dollars now while the Commission had also paid over N344 billion into the Consolidated Revenue Fund of the federation within the period under review, an a...
NIMASA: Maritime sector can generate $1.6 trillion annually if properly harnessed
The maritime sector has the capacity to generate more than 1.6 trillion dollars annually if properly harnessed, Mr Bashir Jamoh, Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), has said. Jamoh stated this on Wedneday while delivering a lecture on Maritime Security and National Development in Nigeria at the National Defence College, Abuja. “The maritime sector can generate not less than 1.6trillion dollars if we can properly harness all the investment opportunities and have foreign investors come and assist in the development. “Development in the shipping sector requires good planning. This is the right time we have to start planning. “With the estimated revenue per annum in the maritime sector, it can provide 30 times what the oil industry can provide. “That ...
