Prioritised
CAC aims to register new company within three hours
The Corporate Affairs Commission (CAC) says it will be possible for companies in Nigeria to be registered within three hours, before the end of 2021. The commission tweeted this on Sunday via its verified Twitter handle. It said, Garba Abubakar, the commission’s registrar-general, gave this indication at a recent dinner in honour of the chairman, governing board, CAC and Nigeria’s Ambassador-designate to Spain, Ademola Seriki. The commission announced last December the upgrade of its online registration portal for business. It said the upgrade would include features that allow the automation of key services and processes in line with the federal government’s effort to Nigeria’s ease of doing business. Newsmen had reported how the new regulation protocol has left businesses in the country s...
Oyo rolls out coronavirus vaccination programme
The Oyo State Government on Wednesday joined other states across Nigeria to rollout the COVID-19 vaccination exercise. The state flagged off the exercise in Ibadan with the first consignment of 127,740 doses it received from the Federal Government. Gov. Seyi Makinde was inoculated with Oxford/AstraZeneca vaccine at exactly 12.20 p.m. During the flag-off, Makinde said that the state had made decision on a sterility test of the vaccine as precautionary measure to ascertain its safety and efficacy. “I have very low tolerance for physical pain, but when duty calls you have to do what you have to do. “I am getting vaccinated today as a show of leadership and to let the people know that they have to be protected. “I ordered for sterility tests because when I asked questions about the origin of t...
Lagos speaker: I’ll assist LASU to become world class institution
The Speaker, Lagos State House of Assembly, Mudashiru Obasa, says he will work toward ensuring that Lagos State University (LASU), Ojo, becomes a world class institution through appropriate legislation. Obasa made the promise while receiving the institution’s Alumni Association led by its Vice President, Norrison Quakers, a Senior Advocate of Nigeria (SAN), on Wednesday in Lagos. He said this is to ensure that the institution catches up with the top tertiary institutions across the world. The speaker said the House had always ensured that requests involving LASU were prioritised in the budget to enable the institution to meet the accreditation requirements of the Nigeria University Commission (NUC). He said that currently, there was hardly any institution in the country that LASU could not...
Minister: Nigerians who received coronavirus vaccines abroad must get tested upon arrival
The minister of state for health, Olorunnimbe Mamora, says Nigerians who have received COVID-19 vaccines abroad will still be required to take polymerase chain reaction (PCR) tests upon arrival in the country. Speaking on a Channels TV programme on Monday, Mamora said receiving the vaccine is not a license to disregard the already established COVID-19 travel protocol. “The protocol is there already. They need to produce evidence of taking a PCR test within the estimated time limit before boarding and the test certificate and when they come into the country, they would need to go into isolation and on the seventh day, they take the PCR test. “Having been vaccinated does not absolutely say that you can’t get the infection. What the vaccine guarantees is that if you get the infection, you are...
Nigerian government approves new debt management strategy
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...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
Nigerian government lists conditions for states to access coronavirus vaccines
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...
