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Monday, 27 July 2020 05:23

FG saves N152bn from fuel fubsidy removal - NNPC

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari has said federal government was able to save over $400 million (N152 billion) following the removal of its fuel subsidy policy in 2020. The NNPC boss who said this in an interview said he does not expect that the policy which had over the years drained the country’s scarce resources would be returned even when crude oil price rebounds. According to Kyari, federal government would deploy the amount saved to the development of critical infrastructure in the country. Federal government in April bowed to long-standing pressure to restructure…

Monday, 27 July 2020 05:22

FIRS clarifies stamp duty payable on rents

Federal Inland Revenue Service (FIRS) on Saturday clarified that the stamp duty payable on rent or lease agreement for a period below seven years is 0.78 per cent. The tax service gave the clarification following the controversy that has trailed the new stamp duty policy on rent and lease agreements in the country announced on Wednesday. FIRS in its announcement directed landlords and property agents to charge stamp duty on all tenancy and lease agreements with tenants and property buyers and remit same to the Service. The stamp duty varies from less than 1 per cent to 6 per cent…

Monday, 27 July 2020 05:20

FG, states meet over modalities for school resumption

A meeting between federal and state governments to discuss modalities for resumption of schools will hold today (Monday). The meeting which will be presided over by Minister of Education, Mr Adamu Adamu, is to have all state commissioners of education in attendance. An invitation to this effect was released Sunday night by the Permanent Secretary, Federal Ministry of Education, Mr Sony Echono. Top on the agenda of the meeting, according to the invitation dispatched, is the reconsideration of new examination timetables for West African Examinations Council, WAEC, National Examinations Council, NECO, National Common Entrance Examinations and BECEC. Invitation to the…

Monday, 27 July 2020 05:19

More airports have opened for domestic flights. Here’s the list of those in operations

Minister of Aviation, Mr Hadi Sirika, Sunday announced that 14 airports across the country have resumed full domestic flight operations. Sirika, who made this announcement on his Twitter handle @hadisirika, said that ministerial approvals in and out of those airports were not required. Noting that this includes private and charter operations, he said the public would be informed of the other airports in due course. The fourteen airports approved for resumption of domestic flight operations are: Murtala Muhammed International Airport, Lagos; Nnamdi Azikiwe International Airport, Abuja; Mallam Aminu Kano International Airport, Kano; Port Harcourt International Airport, Omagwa; Sam Mbakwe Airport,…

Sunday, 26 July 2020 05:16

FG spent N238bn on military weapons, others in two years - Report

Ministry of Defence together with the Defence Headquarters, the army, navy and air force got over N238 billion in 2018 and 2019 to fight insecurity and implement their programmes and operations, according to reports from the Budget Office of the Federation. The reports, which are the 2018 and 2019 Budget Implementation Reports, culled by one of our correspondents from the website of the Budget Office stated that the defence ministry, the DHQ and the three arms of the military budgeted over N316bn for its operations and programmes in the two years. Federal Government, however, released about N238bn which represents 75…

Sunday, 26 July 2020 05:15

US Navy honours Nigerian-born officer for integrity, honesty

For managing its largest overseas cash disbursement of $45 million well, United States Navy has honoured a Nigerian-born officer, Mr Victor Agunbiade with the Navy and Marine Corps Development Medal. The Navy hailed Agunbiade who emigrated to Lake Crystal, Minnesota from Nigeria in 2007, for “demonstrating superior leadership’” and “unswerving determination, wise judgment and complete dedication to duty.” The authorities said he was able to account for every cent put in his care while serving at Camp Lemmonier, Djibouti. The award certificates says of him: “Meritorious service while serving as disbursing officer, comptroller department, Camp Lemmonier, Djibouti from October 2019…

Sunday, 26 July 2020 05:13

Minister reacts to courier license fee protests, instructs NIPOST to halt implementation

Minister of Communications, Mr Isa Pantami, has said that imposing licensing fees on courier companies was not part of the guidelines he earlier approved for Nigerian Postal Service (NIPOST). The Minister who responded to the social media outrage via his official Twitter handle, said that his office has instructed NIPOST to halt the implementation of the newly released guideline. Pantami said: “Please @NipostNgn, our attention has been drawn to an increase of licence fee, which was not part of the regulation I earlier approved for you. Your Chair and PMG (Post Master General) were yesterday contacted to put the implementation…

Sunday, 26 July 2020 05:13

Doctors to resume strike over hazard allowances, salary shortfall

Nigerian Association of Resident Doctors (NARD) has threatened to resume its suspended industrial action on August 17 if federal government does not meet its demand. The association gave the ultimatum on Saturday in a communique issued at the end of its National Executive Council meeting and scientific conference in Gombe. “The association resolved to extend the suspension of her strike action by three weeks to give government time to address her demands. “Failure to adequately address these concerns will leave the association with no choice than to resume the suspended strike on Monday the 17th of August 2020,” NARD said…

Sunday, 26 July 2020 05:12

Rainstorm, flood leave 7 dead in Niger, 30 missing in Gwagwalada

Torrential rains that started at about 9:30 p.m. on Friday night and lasted several hours have killed seven people in Rafin Sanyi area of Suleja Local Government Area of Niger. Chairman of Suleja Local Government, Mr Abdullahi Maje, who confirmed the incident in an interview in Minna on Saturday, said the downpour began at about 9:30 p.m. when residents of Unguwar Gwari were asleep. ”We have already deposited 7 corpses at Sabon Wuse General Hospital and are searching for several others that are missing,” Maje said. “Several houses have also partially collapsed in the area, while trees fell on roads…

Saturday, 25 July 2020 05:45

Nigeria under Buhari spent $58.5bn more importing petroleum products than it earned exporting crude oil - Report

The value of petroleum imports into Nigeria exceeded the value of exports by $58.5 billion within a five-year period, latest figures from Organisation of Petroleum Exporting Countries have shown. In its 2020 OPEC Annual Statistical Bulletin released, the oil cartel said Nigeria’s petroleum imports from 2015 to 2019 was valued at $264.57 billion, while its exports during the same period was $206.07 billion. The country exported $41.17bn, $27.29bn and $37.98bn worth of petroleum exports in 2015, 2016 and 2017 respectively. In 2018 and 2019, the values of Nigeria’s petroleum exports were $54.51bn and $45.12bn respectively. On OPEC members’ values of…

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Saturday, 25 July 2020 05:44

Being poor shouldn’t be criminalised, NLC says in rejecting FG’s new levy on house rents, leases

Nigerian Labour Congress (NLC) on Friday rejected the new federal government policy that imposes a 6 per cent stamp duty on all tenancy and lease agreements in the country. Last Wednesday, Federal Inland Revenue Service (FIRS) directed landlords and property agents to charge stamp duty on all tenancy and lease agreements with tenants and property buyers. The stamp duty varies from less than 1 per cent to 6 per cent depending on the duration of the contract. FIRS said landlords and property agents are to remit such collections to it as part of efforts to boost government’s revenue. This means…

Saturday, 25 July 2020 05:43

FG can’t afford N300bn for N-Power beneficiaries, Minister says amid protest

Minister of Humanitarian Affairs, Disaster Management and Social Development, Mrs Sadiya Farouq, has said federal government cannot afford the cumulative N300 billion grant demanded by 500,000 exiting beneficiaries of the N-Power. Outgoing enrollees of the scheme on Thursday protested at the National Assembly and Federal Secretariat Complex to request the federal government to employ as well as pay them all a grant of N600,000 each. Farouq in a statement issued by Deputy Director Information, Ministry of Humanitarian Affairs, Ms Rhoda Iliya, insisted that this demand was not part of the agreement of engagement the beneficiaries signed with federal government, which…

Saturday, 25 July 2020 05:41

Buhari renews appointment of Industrial Training Fund boss

President Muhammadu Buhari has approved the reappointed of Mr Joseph Ari as Director-General of Industrial Training Fund (ITF). Ari was was first appointed in 2016 and now reappointed for another four years by Mr Buhari. According to an official, the reappointment was contained in a letter to Minister of Industry, Trade, and Investment, Mr Adeniyi Adebayo, through Chief of Staff to the President, Mr Ibrahim Gambari. Adebayo charged Ari to cooperate with members and staff of the organisation to move the agency forward. Permanent Secretary of the Ministry, Mr Nasir Sani-Gwarzo, in a press statement, charged Ari to assist Buhari…

Saturday, 25 July 2020 05:38

FG directs civil servants to go for Coronavirus tests

Federal government has directed civil servants to undergo Covid-19 tests. Permanent secretary, service welfare officer, Ms Evelyn Ngige, in a circular said provision has been made at THISDAY Dome in Abuja. The Dome is one of the isolation centres for Covid-19 patients in the nation’s capital. “I am directed to inform you that Federal Government has provided facilities for the conduct of Covid-19 tests for civil servants at Thisday Dome, Mohammed Kur Avenue, by Nanet Suites, Central Business District, Abuja (from 10.00 am to 4.00pm daily), as part of efforts to curtail spread of the disease,” the circular read. “Accordingly,…

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