Increase
NNPC declares N13.43 billion trading surplus for November 2020
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...
China joins calls for IWF to publish list of election candidates
Nations from around the world have written to the International Weightlifting Federation (IWF) to express their dismay at the governing body’s failure to publish the list of candidates for forthcoming elections. There have been complaints of poor governance, a lack of transparency, and giving an unfair advantage to certain candidates on the current IWF Executive Board who have the information that is denied to others. For the last elections in 2017 the list was published five days after the nominations deadline. This year, eight days have passed already and there is no sign of the IWF naming the candidates for President, first vice-president, vice-president, and a place on the Executive Board. The IWF is entitled, under current regulations, to wait until 30 days before the elections – Febr...
NESG: Nigerian economy to beat IMF growth forecast in 2021
The Nigerian Economic Summit Group has predicted a growth rate of 2.9 per cent for the Nigerian economy in 2021, higher than the 1.5 per cent growth rate suggested by the International Monetary Fund. The NESG identified eight key policies and events that will help shape the outlook of Nigerian economy in 2021. This is contained in the group’s 2021 Macroeconomic Outlook Report titled, “Four Priorities for the Nigerian Economy in 2021 and Beyond,” launched virtually on Tuesday. According to the report, for Nigeria’s economy to get back on track, the economy needs a high, robust and sustained economic growth that will deliver a significant reduction in unemployment and poverty. The report said the government’s most important agenda in 2021 must be to address these problems as a foundation for...
Coronavirus: UAE restricts Nigerian passengers to Dubai airport
The United Arab Emirate, UAE, says passengers from Nigeria can no longer travel through other countries or airports to Dubai. This was made known in a notice by Dubai Airports, the operators of Dubai International Airport. The regulations restricted Nigerian passengers from transiting through other airports. The move comes as the United Kingdom on Friday suspended direct flights between the UAE and the UK as part of measures to curb the spread of the raging coronavirus disease. In a notice sent to travel partners, Dubai Airports said amongst other things, passengers from Nigeria can no longer travel through other countries or airports to Dubai. The notice was titled, ‘Dubai Travel Protocol Update–Travel From Nigeria’. It read, “Kindly be advised that effective from 01 February 2021, the fo...
Nigerian government distributes N20,000 each to 8,000 women in Lagos
Mrs Rhoda Iliya, the Deputy Director of Information, Minister of Humanitarian Affairs, Disaster Management and Social Development, said this in a statement on Friday in Abuja. Iliya explained that Hajiya Sadiya Umar-Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, at the ceremony on Friday in Lagos reiterated the Federal Government’s commitment to alleviate poverty in the country. Farouq, who was represented by the Permanent Secretary in the Ministry, Alhaji Bashir Alkali, said that Federal Government’s target in Lagos was over 8000 beneficiaries across all the local government councils of the state. “The grant is expected to increase income and productive assets of target beneficiaries. “It is our hope that the beneficiaries of this programme will make...
Edo governor, PDP leaders fighting over sharing formula for positions – APC
Chairman of the Caretaker Committee of the All Progressives Congress, (APC), in Edo State, Col. David Imuse (Rtd) said Governor Godwin Obaseki-led government is unexplainably slow because of hidden conflict. Imuse alleged that at a time when the number of persons who test positive for the Coronavirus (Covid-19) is on the increase, Obaseki and the ruling Peoples Democratic Party (PDP), are busy fighting themselves. Imuse’s position was contained in a statement by the Assistant Publicity Secretary of the party, Victor Ofure Osehobo. He added that the alleged infighting is a confirmation that Obaseki has no plans for the state. According to the statement, the infighting over positions and booties of victory has already thrown the state into confusion, as the wheel of governance has since stoo...
SON: We have initiated more measures to tackle importation of substandard products into Nigeria
File Photo The Standard Organisation of Nigeria (SON) said it has devised more efficient measures against importation of substandard products to protect local manufacturers in the country. The Director-General of SON, Mallam Farouk Salim stated this during a visit to the organization’s office in Awka, Anambra State, on Saturday. According to Mallam Salim, the agency will continue to discourage importers of substandard products from short-changing unsuspecting consumers. He also announced plans to improve workers welfare and increase engagement with stakeholders in the country, noting that the move by the agency would help protect the interest of the business community while also safeguarding life and property. The Director-General assured that the organization would work with stakeholders ...
Anambra records 89 new coronavirus cases
Anambra State has recorded 89 new confirmed cases of coronavirus in its second wave, bringing the total confirmed cases in the state to 169 as of January 13, C-Don Adinuba, the Commissioner for Information and Public Enlightenment, has said. Mr Adinuba, in an interview with newsmen on Thursday in Awka, urged the citizens of the state to shield themselves from the COVID-19 pandemic following the second wave in Nigeria. He said the need to repeat the precautionary call was as a result of a considerable increase across the state, with 453 confirmed cases and 334 persons discharged. According to him, it is a worrisome situation with the state having recorded a total of 14,267 tests done. He appealed to the public to comply with all precautionary measures in order to sustain the health safety m...
Taraba: Striking resident doctors demand beyond hazard allowance
iStock As resident doctors strike in Taraba state enters week three, the state government, Tuesday said the demands of the aggrieved doctors were beyond the payment of COVID-19 hazard and inducement allowance. The state commissioner for health, Dr Innocent Vakkai speaking at a press parley, also disclosed that a committee has been constituted to compile the total cost of the COVID-19 hazard allowances due for health workers. He listed the demands of the striking doctors to include, “increase in doctors wages, training, and retraining of doctors on residency programs, improved working conditions and for the state to commence training of horsemanship officers. On the payment of the COVID-19 hazard allowance to health workers, Vakkai said the compilation of the total cost has reached the last...
Minister: Tests on NYSC members confirm coronavirus is everywhere in Nigeria
The Federal Government says it has further confirmed from results of tests conducted on prospective National Youth Service Corps members confirmed that no part of the country was free of COVID-19. The Minister of State for Health, Sen. Olorunnimbe Mamora, made the disclosure on Monday in Abuja at a briefing by the Presidential Task Force (PTF) on COVID-19. “We safely and comfortably drew this conclusion because corps members are mobilised from all the states of the country for each of the orientation camps,”the Minister said while warning that increasing cases of COVID-19 are imposing enormous burden on the nation’s health facilities. He said that the 18,699 active COVID-19 cases were stretching health facilities. “With the increased number of confirmed cases, the number of active cases ha...
PHED: Why blackout persists in Rivers communities
File Photo The Port Harcourt Electricity Distribution Company said five power towers were damaged by suspected vandals at the Elelenwo transmission substation in Obio/Apkor Local Government Area, plunging several communities in Rivers State into darkness. Acting Head, Corporate Communications, PHED, Ngozi Koroye, who disclosed this to newsmen in Port Harcourt, said the installation belongs to the Transmission Company of Nigeria. Koroye explained that the action of the hoodlums caused extensive damage to the facility, noting that the company felt the pains of residents in the affected areas who have been in darkness for over one month. “The outage though regrettable is as a result of extensive damage caused by the activities of electricity vandals to towers 51, 52, 53, 54, and 55. Five towe...
Coronavirus: Prof. Maurice Iwu restates efficacy of herbal medicine
Bioresources Development Group (BDG) chairman, Prof. Maurice Iwu has restated the efficacy of herbal medicine in the treatment of the COVID-19 cases as the virus enters variant stage globally. The former chairman of Independent National Electoral Commission (INEC) and eminent Professor of Pharmacognosy, Iwu, in a chat with Vanguard said that the effectiveness of special herbal drugs produced in the country, stands the chance of combating the disease at an early stage, but noted that the slow pace in acceptance and approval hinders its feasibility. Iwu also pointed that herbal extracts from a plant, “Andrographis Paniculata”, commonly known as green chiretta, already approved by the Food and Drug Administration (FDA) of Thailand is on its way to serve as an alternative treatment to the seve...
