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Aggregate foreign exchange inflow into the country in the fourth quarter of 2020 rose to $23.60bn from $21.46bn in the third quarter, figure from the Central Bank of Nigeria revealed on Tuesday. The CBN stated in its report on ‘Foreign exchange flows through the economy’ for the fourth quarter that though there was an … [Read more…]
Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has promised that the body will work to reduce export restrictions among member states, especially with regards to medical supplies in the wake of COVID-19 pandemic. She gave the assurance when she met with members of the Presidential Task Force on Coronavirus … [Read more…]
President of the Senate, Ahmad Lawan, has advised the Igbo to seize the opportunity provided by the President Muhammadu Buhari administration to gravitate to the centre of the Nigerian politics. Lawan spoke,yesterday, during a thanksgiving at Dan Anyiam Stadium, Owerri, Imo State to commemorate the one year in office of Governor Hope Uzodimma. … [Read more…]
Boxing legend Marvin Hagler, the undisputed middleweight champion from 1980 to 1987, died on Saturday at age 66, his wife said. In a posting on the famed fighter’s Facebook page, Kay G. Hagler said her husband passed away at the family home in Bartlett, New Hampshire. “I am sorry to … [Read more…]
Civil society organisations have condemned the N1.4bn budget for meals and refreshments by the Federal Inland Revenue Service in the 2021 fiscal year. The groups, including Transparency International and the Human Rights Writers Association of Nigeria, accused the tax collecting agency of insensitivity and misplacement of priority. Executive Director, CISLAC and Head, … [Read more…]
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court Abuja to restrain President Muhammadu Buhari and the Federal Government from borrowing an estimated N895 billion of Nigerians’ money, in the form of unclaimed dividends and balances in dormant accounts, under the guise of Finance Act, 2020. The group … [Read more…]
The ploy to remove the minimum wage from the Exclusive List seems dead on arrival with critical stakeholders promising to ensure it does not see the light, writes TONY AKOWE The minimum wage is as old as the International Labour Organisation (ILO), which was founded in 1919. The 1919 ILO Constitution, in its preamble, … [Read more…]
The Academic Staff Union of Universities on Sunday blamed the Federal Government, as well as the Accountant General of the Federation, over what it called the victimisation of its members. It said the Federal Government had refused to pay its members salaries despite the ‘no victimisation clause’ of the suspended strike. According to … [Read more…]
A five-man panel of the court, led by Justice Mary Odili, had, after hearing the appeal on December 17, 2020, fixed judgment for March 12, 2021. Dariye is, by his appeal, praying the Supreme Court to upturn the judgment of the Court of Appeal, Abuja, which convicted him and sentenced him to 10 … [Read more…]
House of Representatives spokesman Benjamin Kalu has said the Lower Chamber is broke. He said the House was indebted to its contractors for various services as a result of the cash crunch. Speaking during his weekly press briefing on the activities of the House, Kalu, who represents Bende Federal Constituency of Abia … [Read more…]
Independent National Electoral Commission (INEC) has warned that any staff who fails to locate themselves within its new scheme of operations or adapt to new realities of the electoral process will be a burden if not an impediment to the wheel of progress. National Commissioner and Chairman, Information and Voter Education Committee, Festus … [Read more…]
The Economic and Financial Crimes Commission on Thursday, arraigned a former Coordinating Director of Federal Inland Revenue Service, Peter Hena and eight other officers of the agency before Justice Ijeoma Ojukwu of the Federal High Court sitting in Abuja. The others are the Director of Finance,Mohammed Auta; Amina Sidi (Finance and Account department); Umar … [Read more…]