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Senate considers bill to unbundle NIPOST

The Senate has commenced moves to unbundle the Nigerian Postal Service with the consideration of a bill to repeal and re-enact the Nigerian Postal Service Act 2004. The bill which scaled second reading on Tuesday was sponsored by Senator Oluremi Tinubu (APC, Lagos Central). Leading the debate on the general principles of the bill, Tinubu said the piece of legislation seeks a reform of the Postal Industry and to make Comprehensive Provisions for the Development and Regulation of Postal Services in Nigeria. According to the lawmaker, the Nigerian Postal Service (NIPOST) which dates as far back as 1852, evolved from an exigency of the colonial administration to a Collection Office of the United Kingdom and eventually, to the NIPOST. She recalled that as at 1st of October, 1960, when Nigeria g...

UN official highlights values of water in fighting coronavirus pandemic

Water has many values that are just not priced, Sasha Koo-Oshima, the Deputy Director, Land and Water Division, UN Food and Agriculture Organisation (FAO), told Xinhua ahead of the World Water Day on March 29. The official highlighted that with the coronavirus (COVID-19) pandemic, a large part of the world population still lacks access to handwashing facilities at home. “This is the first line of defence against this virus and the value of water is very evident in this progression. “The first thing we realised is handwashing. Many countries just don’t have clean water to even just wash hands,” she said. The UN on Monday warned that more than two billion people do not have direct access to water, the “blue gold” which is essential in defeating the pandemic. In its World Water Development Re...

Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor

The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...

Official: TCN completes new transmission tower in Lagos

The Transmission Company of Nigeria (TCN) says it has completed the construction of a new transmission tower in Ajah, Lagos state. The TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, disclosed this in a statement in Abuja on Thursday. Mbah said that TCN has also strung the old and a new 330 kilovolts Egbin – Ajah transmission lines, adding that both lines have been energised. She said that the new line increased the transmission lines capacity on that line route by 600 Megawatts (MW) bringing it to a total of 1,200MW. “The old line was re-energised on March 13 while the new line was energised on March 15. “Prior to resuscitation of the second Egbin-Ajah Transmission Line, the Aja 330/132/33kV Substation operated through a single circuit 330kV transmission line. “Within the period, t...

2023: PDP panel throws presidential tickets open

File Photo Amidst thinking from many stakeholders that North-East and South-East geo-political zones that have had the shortest stints at the Presidency, should be given special consideration, the Peoples Democratic Party (PDP) panel has thrown open the 2023 presidential ticket. The governor of Bauchi state and Chairman, PDP 2019 election review committee, Bala Mohammed, gave this recommendation on Wednesday while submitting the report of the committee to the party leadership. The Governor said: “In line with certain unwritten conventions of the nation’s history, many people think that, for fairness and equity, the North East and South East geo-political zones that have had the shortest stints at the Presidency, should be given special consideration, in choosing the presidential flagbearer...

Senate advocates stiffer penalties for employers involved in ill treatment of employees, child labour, others

The Senate on Tuesday, passed for second reading, a Bill which seeks to review the Labour Act to provide stiffer penalties for various offences ranging from ill treatment of workers by employers, modern slavery, child labour to discrimination against women in the work place. The legislation titled ‘A Bill for an Act to amend the labour Act Cap L1, LFN, 2004 to review labour fine and other related matters, 2021,’ is sponsored by Senator Francis Onyewuchi (Imo East). According to the draft Bill, Section 21 proposed a fine of N500,000 and N1,000,000 from the present fine of N800 and N500 for first and second offences relating to “Breach of terms and conditions of employment”, as it relates to the wage hour, nature of employment, leave and contracts of employment, among others. Section 46 also...

Official: NASRDA to launch another satellite in June

IBTimes The National Space Research and Development Agency (NASRDA) says it is putting modalities in place to launch a Cubesat ‘Edusat-2’ within the first half of the year. The Acting Director-General of NASRDA, Dr Francis Chizea, said this at the ongoing Science and Technology Expo on Tuesday in Abuja, where the agency showcased its research works and achievements. The science expo is with the theme “Science, Technology and Innovation for Economic Recovery and Sustainability Amidst the COVID-19 Challenges” and is a platform to showcase innovation within agencies of government, private research institutions, the academia, among other participants. Chizea explained that EduSat-2 was a build-up on EduSat-1 which the agency built in collaboration with Federal University of Technology, Akure a...

Chad president kicks off campaign for sixth term

President Idriss Deby of Chad kicked off his campaign for a sixth term on Saturday, calling for unity after rival protests were banned. The first rally since the start of the official election period on Thursday was held by Deby’s Patriotic Salvation Movement (MPS) at a packed stadium in the capital, N’Djamena. Deby, who has ruled for 30 years and is widely deemed a shoo-in for another term, said he had fought for national unity, while also drawing a line in the sand for his opponents. “People must know that democracy is not synonymous with disorder,” the incumbent warned. “Those who believe that should go elsewhere.” On Thursday, three opposition candidates quit the race ahead of the April 11 ballot with one of them — Mahamat Yosko Brahim — saying the climate was “not favourable for fair ...

PDP advises federal government against increasing pump price of petrol

The Peoples Democratic Party (PDP) on Friday advised the Federal Government against increasing pump price of petrol. The party in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja said any contemplation to increase pump price of petrol to N212 would worsen the economic and social situations of Nigerians. This was in reaction to a debunk report that the Petroleum Products Pricing Regulation Agency (PPPRA) on Thursday night released a template that a litre of fuel would now be sold for prices ranging from N209 to N212 per litre for March. Ologbondiyan said that the N212 per liter reportedly contemplated in the March pricing template was not in the best interest of Nigerians. “It is a barefaced fact that there is no way that Nigerians can survive such hike in fue...

Oyo governor urges army to deploy troops to border towns

Gov. Seyi Makinde of Oyo State has appealed to the Nigerian army to deploy troops to border towns in the state to check the influx of criminal-minded people into the country. Makinde made the call while receiving the Chief of Defence Staff, Gen. Lucky Irabor, who led other top military personnel on a courtesy visit to the governor on Thursday in Ibadan. The governor, who was represented by his deputy – Alhaji Rauf Olaniyan, noted that the border towns in Oke-Ogun area of the state were porous. He said the challenge of insecurity was not peculiar to Oyo State alone, saying the problem was across the country. He urged the security agencies to intensify efforts in tackling the menace and restore permanent security of lives and property across the country. The governor, who said there was an e...

AAC disowns Omoyele Sowore as its chair

The leadership of the African Action Congress (AAC) on Wednesday said that the party’s presidential candidate in the 2019 election, Omoyele Sowore has been expelled by the party’s highest decision making organ and he is therefore presently unknown to the party. The party also in a petition to the Inspector General of Police claimed that the convener of the Revolution Now’s utterances and behavior have become a security risk and should be investigated by the security agencies before he plugs the country into crisis. Addressing journalists in Abuja, the National Chairman of AAC, Dr. Leonard Nzenwa said the letter by Sowore to the Independent National Electoral Commission, INEC, claiming to be the Chairman of the party amounted to impersonation. Dr. Nzenwa, who is also the National Chairman o...