Trade
Iranian businesses get the green light to use crypto for imports
Iran’s Industry, Mines and Trade ministry has approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions. According to local news reports, trade minister Reza Fatemi Amin confirmed that detailed regulations have been approved outlining the use of cryptocurrencies for trade and supplying fuel and electricity to Bitcoin (BTC) and crypto miners in the country. Amin outlined the regulatory change at an automotive industry exhibition on Aug. 28, just a week after the country had placed a first-ever import order for vehicles, to the tune of $10 million, using cryptocurrency as a payment method. The Iranian trade ministry had previously indicated that the use of cryptocurrencies and smart contracts would be widely used in foreign trade by September ...
Myanmar protesters burn junta leader’s images on his birthday
Protesters burned mock coffins and pictures of Myanmar’s army ruler Min Aung Hlaing on Saturday in the latest demonstrations against the coup over five months ago that has plunged the Southeast Asian country into chaos. “May you not rest in peace” and “may your birthday and deathday be the same,” read the messages on funeral wreaths in Theinzayet township in eastern Mon state. Similar protests took place in many parts of Myanmar. “We are burning this as a curse,” said one protester in the second city of Mandalay, setting ablaze a small pile of picture of the general, 65. A spokesman for the military authorities did not respond to requests for comment. Min Aung Hlaing took power on Feb. 1, overthrowing elected leader Aung San Suu Kyi and cutting short a decade of democratic reforms that had...
Ekiti governor urges Nigerians to rise up, defend democracy
The Chairman of the Nigeria Governors’ Forum, and Governor of Ekiti State, Kayode Fayemi, has called on Nigerians to rise to the defence of democracy in Nigeria with a view to advancing the development of the country. Mr Fayemi made the call Tuesday in Abuja when he visited the Canadian Ambassador to Nigeria, Nicolas Simard, at his residence. The visit by the NGF Chairman was part of the Chairman’s shuttle diplomacy to representatives of the diplomatic corps in Nigeria, which is one of the initiatives of the Nigeria Governors’ Forum’s secretariat towards engendering inter-governmental synergy between global governments at the subnational level. Mr Fayemi’s visits on Monday took him to the residence of the Canadian ambassador to Nigeria, and the embassy of the People’s Republic of China and...
Jersey extends licences for EU fishing boats
The government of Jersey, a self-governing Channel Island between France and Britain, said Monday that it had extended a transitional fishing agreement with the European Union allowing EU boats to continue operating in its waters for three months. “The EU has recently requested an extension to the transitional arrangements, which had been due to come to an end on 30 June,” a statement from the Jersey government said, adding that “Jersey ministers have agreed to that request.” Jersey lies just off France’s northern coast and access to its rich waters has become a source of friction since Britain’s departure from the EU on January 1 tore up arrangements for fishing in the Channel. To gain new licences, Jersey has insisted that EU boats hand over proof that they have been operating in its wat...
ITF chief: President Buhari providing quality leadership skills
Industrial Training Fund The Director General of Industrial Training Fund (ITF), Joseph Ari, said President Muhammadu Buhari has provided quality leadership through Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo and his counterpart, Amb. Mariam Yalwaji Katagum which has unleashed innovations and creativity of various agencies under their control. Ari in a press statement signed by Director, Public Affairs Department, Suleyol Fred Chagu, in Jos on Friday after the formal presentation of the ITF Mobile Android GSM smart phone to President Muhammadu Buhari at the Presidential Villa, Abuja, credited the achievement to the inspirational leadership and support to the Ministers. He said the ITF mobile phone, which was comparable in quality to any other brand of Android...
FRSC: 90% of trucks in Nigeria over 30 years
The Federal Road Safety Corps (FRSC) says 90 per cent of trucks in the country are over 30 years. The FRSC Corps Marshal, Dr Boboye Oyeyemi, disclosed this in an interactive session between the Nigerian Shippers’ Council (NSC), the FRSC and Haulage operators on Monday in Lagos. Oyeyemi called for an improvement on the maintenance and standardisation schemes for vehicles as most of them lacked safety measures like lighting, reflectors and other parts. He stressed the need for an intervention from the Federal Government to ensure truckers had fleet renewal as vehicles that had been on the road for 30-years should be scrapped. Oyeyemi pointed out that “due to the age of the trucks, they frequently breakdown on the road prolonging the days goods spend on the road before getting to its destinat...
Ekiti governor endorses outcome of Southwest APC leaders’ meeting
Ekiti State Governor, Dr. Kayode Fayemi, wholeheartedly supports the stance of the All Progressives Congress (APC) Southwest leaders at their meeting that took place in Lagos on Sunday, May 23rd, 2021 despite his absence at the meeting. Dr. Fayemi’s absence at the meeting was a result of a mix up in the invitation sent out for the meeting. For clarity, the invitation for the meeting which was said to have been sent via Whatsapp by Mr. Tunde Rahman, an aide to Asiwaju Bola Tinubu, never got to Governor Fayemi. The absence of an invitation for the Southwest APC leaders meeting prevented the Governor from attending the meeting, as he was not aware. Governor Fayemi however sent an apology to the meeting through former Ekiti State Governor and Minister of Industries, Trade and Investments, Otun...
Nigerian government determined to eradicate poverty, unemployment – minister
The federal government has reiterated its determination to eradicate poverty as well as tackling unemployment in the country to the barest minimum, saying its many programmes designed to tackle the issues have had tremendous success. The government said the alarming rate of out-of-school children witnessed some years ago had considerably reduced due mainly to some of its initiatives, among which it said, was the National Home Grown School Feeding Programme. The government’s position came as it inaugurated an expanded committee on National Home Grown School Feeding Programme with a task on members to make meaningful contributions to stamp the problems out of the country. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, speaking at the event i...
President Buhari arrives Paris for Financing Africa Summit
President Muhammadu Buhari has arrived in Paris for the Financing Africa Summit. The president left Abuja Sunday for the summit which is being hosted by President Emmanuel Macron of France. According to Buhari’s spokesperson, Garba Shehu, the summit will draw major stakeholders in the global finance institutions and some Heads of Government, who will, collectively, discuss external funding and debt treatment for Africa, and private sector reforms. “During the visit, President Buhari will meet with the French President to discuss growing security threats in Sahel and Lake Chad region, political relations, economic ties, climate change and partnership in buoying the health sector, particularly in checking spread of Covid-19, with more research and vaccines. “Before returning to Nigeria, Pres...
VP Osinbajo to represent Nigeria at Ugandan presidential inauguration
Vice President Yemi Osinbajo will represent Nigeria at the sixth inauguration of President Yoweri Museveni of Uganda. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this in a statement on Tuesday in Abuja. Osinbajo will be joining several other heads of state and government at the swearing-in ceremony scheduled for May 12, at Kololo Independence Grounds in Kampala, Uganda. Nigeria and Uganda share historical antecedents and enjoy good diplomatic relationships, including working together as member-states of the Commonwealth, the African Union, and the United Nations among others. Both countries have signed Bilateral Agreements on Technical Aid Corps, Trade, and on Economic, Scientific and Technical Cooperation. The vic...
President Buhari presides over FEC meeting — in pictures
President Muhammadu Buhari is presiding over the 44th virtual meeting of the Federal Executive Council (FEC). The weekly meeting holding at the First Lady’s Conference Hall at the State House, Abuja, is being attended by Vice-President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha and Chief of Staff to the President, Prof Ibrahim Gambari. The ministers who are also physically attending the meeting include those of Information and Culture, Lai Mohammed; Finance, Budget and National Planning, Zainab Ahmed; Justice, Abubakar Malami; Industry, Trade and Investment; Adeniyi Adebayo; and Power, Mamman Saleh. Other ministers, as well as the Head of Service of the Federation, Dr. Folasade Yemi-Esan, are participating in the weekly cabinet meeting from their various of...
May Day: President Buhari promises workers better packages
President Muhammadu Buhari has assured workers of better packages to cushion economic effects of COVID-19 on their resources. The President said his administration has put in place some socio-economic policies to alleviate poverty. Buhari said the Federal Government has expanded the Conditional Cash Transfer for the vulnerable poor from 2.6 million households to 7.6 million. He also noted COVID-19 Rapid Response Register has been expanded for urban poor to 4.8 million households, which included urban poor and working class. The President spoke during this year’s May Day celebration at the Eagle Square on Saturday in Abuja. This year’s celebration had as its theme: “COVID-19 pandemic, social and economic crisis: challenges for decent jobs, social protection and people’s welfare”. Buhari, wh...
