Author: darelasisi@gmail.com
By Tony Obiechina, Abuja The Consumer Price Index, (CPI) which measures inflation increased by 12.13 percent (year-on-year) in January 2020. This is 0.15 percent points higher than the rate recorded in December 2019 (11.98) percent. According a report obtained from the Nigeria Bureau of Statistics (NBS) on Tuesday, On month-on-month basis, the Headline index increased by 0.87 percent in January 2020, this is 0.02 percent rate higher than the rate recorded in December 2019 (0.85) percent. The percentage change in the average composite CPI for the twelve months period ending January 2020 over the average of the CPI for the previous…
By Tony Obiechina, Abuja The Acting Director General of the Securities and Exchange Commission Nigeria (SEC), Ms Mary Uduk has advised state governments to establish companies for specific target projects to boost their Internally Generated Revenue (IGR). Uduk gave the advice while speaking at the ongoing Federation Account Allocation Committee (FAAC) 2020 Retreat with the: “Efficient Federation Revenue Allocation as a Nexus for National Economic Diversification” in Lagos, Tuesday. She said there was urgent need for state governments to increase their IGR to enable them to meet their financial obligations to people and carry out developmental projects. In a statement by SEC…
The Supreme Court has adjourned the hearing of former governor of Imo State, Emeka Ihedioha to March 2, 2020. Mr Ihedioha approached the apex court with an application to reverse itself on the judgement sacking him from office as governor. The Supreme Court had fixed today to hear the appeal filed by Ihedioha of the Peoples Democratic Party (PDP), one month after it sacked him on January 14 and declared the candidate of the All Progressives Congress (APC), Senator Hope Uzodinma, as the duly elected governor of Imo State. At the hearing today, lawyer to Mr Ihedioha, Mr Kanu Agabi,…
Special Adviser to the President, Media and Publicity, Femi Adesina, Tuesday in Abuja said President Muhammadu Buhari’s vision of a unified, harmonious and purpose-driven country will be consistently followed, urging more understanding as the government tackles myriad challenges. The Special Adviser, who received a delegation from Unity, Honour and Glory Initiative (UHG) in his office at the Presidential Villa, said the “nation needs more understanding and cohesion to tackle the challenges before us, and move forward.’’ The Unity, Honour and Glory Initiative is a group of concerned Nigerians who believe citizens should reflect on the founding philosophy of unity, honour…
The Nigerian Ports Authority (NPA) says it is expecting 15 ships laden with petroleum products, food items and other goods from Feb. 18 to March 6. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos on Tuesday. According to NPA, the ships are expected to arrive at the Lagos Port Complex. It said that the ships were laden with petrol, containers, general cargo, bulk gypsum, bulk wheat, steel prod and bulk fertiliser. NPA also reports that 16 ships had arrived the ports waiting…
The Standards Organisation of Nigeria (SON) says it has concluded plans to establish laboratories in the six ge-opolitical zones for testing products and ensuring standardisation in the country. Mr Bola Fashina, Special Assistant to the Director-General of SON, disclosed this in an interview with News Agency of Nigeria (NAN) on Tuesday in Abuja. According to Fashina, the organisation already has in its 2020 budget, plans to establish laboratories in the six zones to ensure that products met required standards for certification. He said SON would ensure that products within each region could easily be tested at the regionally laboratories, instead…
Rev. Nnimmo Bassey, an Environmental activist has condemned the slow response of the Nigerian Agip Oil Company (NAOC) to the Feb. 3 oil leakage at its oilfields in Brass Local Government Area of Bayelsa. The pipeline explosion on a line feeding the oil export facility discharged crude into the environment and compelled the firm to shut down the line amidst concerns by oil industry observers on oil output shortfalls. The facility, according to Eni, the Italian parent company of NAOC has capacity to handle exports of 90,000 barrels of crude per day. Bassey told News Agency of Nigeria (NAN) that…
The Securities and Exchange Commission Nigeria (SEC) on Tuesday advised state governments to establish companies for specific target projects in order to boost their Internally Generated Revenue (IGR). Ms Mary Uduk, Acting Director-General, SEC, gave the advice while speaking at the ongoing Federation Account Allocation Committee (FAAC) 2020 Retreat in Lagos. The News Agency of Nigeria (NAN) reports that theme of the retreat is: “Efficient Federation Revenue Allocation as a Nexus for National Economic Diversification.” Uduk said there was urgent need for state governments to increase their IGR to enable them to meet their financial obligations to people and carry out developmental…
The Director-General of National Youth Service Corps (NYSC), Brig.-Gen. Shuaibu Ibrahim, has tasked state coordinators on the safety and welfare of corps members during the 2020 batch A orientation exercise. Ibrahim said this in Abuja on Tuesday at the 2020 batch A pre-orientation meeting of management with Area Coordinators, State Coordinators, camp directors, camp commandants and collaborating agencies. He said that the coordinators would be held responsibly in the event of the death of any corps member during the exercise. “The warning is for all the state coordinator to take his or her job seriously, they should not have lackadaisical attitude…
The Nigerian Railway Corporation (NRC) on Tuesday said that capacity had remained the major challenge facing the operation of the Lagos-Ogun Mass Transit Train Services (MTTS). The Lagos Railway District Manager, Mr Jerry Oche, made this known in an interview with the News Agency of Nigeria (NAN) in Lagos. Oche said that the Federal Government was working hard to increase the rolling stocks to meet the demand by commuters. He spoke against the backdrop of congestion of MTTS observed by a NAN correspondent who monitored the service. He said that the corporation was not resting on its oars to meet…