Author: darelasisi@gmail.com
The Nigerian Ports Authority, NPA, has again described as half-truths and falsehood being peddled by BUA Ports and Terminal Limited on the decommissioning of Rivers Ports Terminal B, operated by the company. A statement issued on Friday by Jatto Adams, General Manager, Corporate and Strategic Communications at NPA reads: “In the latest press release, the company, while not repudiating the authority’s assertion that they have neglected to honour some of the terms of the concession agreement, alleged that the failure is a result of the NPA’s refusal to fulfil certain obligations. “They name these obligations to include: refusal to abide…
ABUJA – The Central Bank of Nigeria (CBN) on Friday October 4, 2019, made an intervention of $311.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 15million in the spot and short-tenored forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department at the CBN, Mr. Isaac Okorafor, confirmed the latest injection, disclosing that “the dollar interventions were for customers in the agricultural, airlines, petroleum products and raw materials and machinery sectors, while the yuan component was for payment of renminbi denominated letters of credit for agriculture as well as raw materials”. Mr. Okorafor further said…
By Tony Obiechina, ABUJA The German Government has announced a 70 million Euros (N27.8 billion) grant to the Nigerian Government to assist the country in achieving the Economic Recovery and Growth Plan (2017-2020). Head of the German Delegation, Mr Christoph Rauh made the announcement at the signing of Agreed Minutes of the 2019 Consultations between the two countries in Abuja on Friday. Minister of State for Budget and National Planning, Clem Agba signed the Development Cooperation Agreement on behalf of Nigeria, while Head of the German Delegation signed for his country. Speaking at the ceremony, the Minister of State commended…
Facebook has removed hundreds of accounts, pages and groups from its social network platforms that the company says were involved in coordinated inauthentic behaviour. The tech giant said it removed a total of 443 Facebook and 125 Instagram accounts, as well as 200 pages and 76 groups originating in the United Arab Emirates, Egypt, Nigeria and Indonesia. In a blog post Thursday, Facebook said that one of the operations was sharing local news in targeted countries and promoting content about UAE as well as criticism of Qatar, Turkey and Iran. A smaller operation was involved in “domestic-focused coordinated inauthentic behaviour…
Prof. Attahiru Jega, Former Chairman, Independent National Electoral Commission (INEC) on Friday advised the 9th Assembly to adopt electronic voting for effective monitoring of bills and motions. Jega gave the advice at the presentation of the Scorecard of the 8th National Assembly sponsored by YIAGA Africa Centre for Legislative Engagement in Abuja. He said that the advice followed a study of the performance of the 8th assembly by a team of researchers who observed among other things that the technology used by the National Assembly had been there for 30 years. “The National Assembly should adopt electronic voting on bills…
The Speaker of the House of Representatives Rt. Hon. Femi Gbajabiamila has said that Nigeria will remain one indivisible nation no matter the challenges confronting the country. Speaker Gbajabiamila said Nigerians have a lot of reasons to be united and work together for the benefit of all. The Speaker, who spoke when he received the Arewa Youth Forum in his office on Thursday, said the older generation of Nigerians have done their best to keep the country on track, calling on the younger generation to take over the mantle. Gbajabiamila said the doors of the 9th National Assembly would be…
President Muhammadu Buhari on Thursday in Pretoria, South Africa, said authorities should be more pro-active in detecting early signals of violence between competitors, while migrants and companies should adhere to the local laws of host countries. Malam Garba Shehu, the President’s spokesman in a statement in Abuja on Thursday, said the Nigerian leader stated this when he responded to questions during a news conference at the Union Building, alongside his host, President Cyril Ramaphosa. He called for more tolerance, vigilance and heightened security to ensure safety of citizens, noting ”competition heralded by globalisation, especially with ease in migration, will only…
President Muhammadu Buhari said on Friday in Pretoria that the wave of deadly violence against foreign nationals including Nigerians in South Africa last month was an embarrassment to the continent. According to details of his speech on the Nigerian presidency’s Twitter page, President Buhari stated this at a town hall meeting with Nigerians living in South Africa. In September, rioting and attacks on foreigners led to at least 10 deaths, dozens of injuries and hundreds of arrests, triggering anger at home and abroad. “The recent acts of xenophobic attacks on our compatriots and other Africans in South Africa are shocking…
The ECOWAS Commission on Friday called on the Judiciary of member-states to be more responsive in the adjudication of cases of money laundering and terrorism financing in West Africa. The President of the ECOWAS Commission, Mr Jean-Claude Brou, made the call in Dakar at the ECOWAS Stakeholders’ Forum on The Implementation of Robust AML/CFT Measures by GIABA member-states. “The rate of conviction of money laundering, terrorism financing and terrorist financing cases is abysmally low, compared to the cases at hand. “The judiciary can do better, and I wish to urge them to do more by thinking out of the box…
The Enugu State Government says it is exploring new avenues to raise its Internally Generated Revenue (IGR) to an annual threshold of N30billion from 2019. The state’s Commissioner for Information, Mr Chidi Aroh disclosed this on Friday in Enugu while briefing newsmen on the outcome of the State Executive Council meeting in Enugu. Aroh said that government was pleased with the progress made by the state Board of Internal Revenue (BIR) especially in the area of IGR which had risen above N20bilion. “The IGR of the state has been doing well since 2016 but we are looking at new strategies…