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Senate seeks policies to encourage local investors in cement production
The Senate has called on the federal government to provide more industrial incentives and protections such as concessionary loans and larger tax incentives for new entrants into the local cement production with a view to boosting production, reduction of price and encouragement of more valuable producers in the country.
Nigerian government set to salvage poverty endemic in LGAs
The Federal Government has lamented the high level of poverty in the local government areas in the country, saying government will generate resources to salvage the situation.
Anambra residents lament hike in rents
Residents of Awka, Anambra capital, and Onitsha, the commercial hub, have expressed worries over the astronomical hike in rents.
Nigerian government threatens to sanction expatriates over Train 7 gas project
The federal government on Friday said it would sanction erring expatriates for failure to open operational bases in Bonny Island, Rivers, for the Train 7 Gas Project.
China lifts 770 million rural people out of poverty
More than 770 million of China’s rural population living below the current poverty line have been raised from poverty, accounting for more than 70 per cent of the global total over the same period according to the World Bank’s international poverty standard, says a white paper recently released by the State Council Information Office of China.
BUA Cement to sustain competitiveness with bond issuance
BUA Cement Plc says it will sustain competitiveness with the N115 billion Series Fixed Rate Senior Unsecured Bond issue under the company’s maiden N200 billion bond issuance programme.
BoI records N35.5 billion profit as assets hit N1.86 trillion
The Bank of Industry (BoI) has said it recorded a profit after tax of N35.54 billion for the financial year ended Dec. 31, 2020, as its total assets hit N1.86 trillion.
Nigerian government targets 25 million residents with solar home system
Vice President Yemi Osinbajo on Thursday launched an ambitious programme by the Federal to supply electricity to 25 million Nigerians through Solar Home System, SMS.
Dangote Sugar denies involvement in price fixing
Dangote Sugar Refinery PLC (DSR) has denied an online publication claiming the company’s involvement in price-fixing and not transparently engaged in any Backward Integration Programme as claimed.
Minister: Nigeria generated $150 million from coconut oil in 2020
Minister of Agriculture and Rural Development, Sabo Nanono, says Nigeria generated 150 million dollars from the export of coconut oil and its derivatives in 2020.
DMO opens FGN savings bond offer for subscription
The Debt Management Office (DMO) has announced the offering for subscription the 2 and 3 years federal government of Nigeria (FGN) savings bond for April 2021.
Group asks EFCC to probe N37.4 billion Zamfara promissory notes
The Patriots for the Advancement of Peace and Social Development (PAPSD) has asked the new Chairman of the Economic and Financial Crimes Commission (EFCC) to investigate alleged diversion of N37.4 billion promissory notes by the administration of Abdulazeez Yari in Zamfara.
DSA: How we stopped #EndSARS protesters from downing government websites
The Defence Space Administration (DSA), says it was able to prevent #EndSARS protesters from downing Government and Military Websites through the use of expertise.
Paris Club refund: Rivers dragged to court over ‘N25 billion debt’
The government of Rivers State has been dragged before a High Court of the Federal Capital Territory (FCT), over an alleged debt of N25 billion owed to an accounting firm, regarding the Paris Club refund by the federal government.
Senate summons health minister, others over needles, syringes importation
The Senate joint committees on Health and Industry Trade and Investment, have summoned the Ministers of Health and Trade and Investment – Osagie Ehanire and Niyi Adebayo, respectively.
Senate committee queries non-implementation of backward integration policy on syringe, needle
The Senate Committee on Health (Secondary and Tertiary), Monday, queried the non implementation of the Backward Integration Policy (BIP) on needles and syringes in the country, five years after it was validated in 2017.
Senate summons ministers, NAFDAC chief over ‘syringe importation’
The Senate Committee on Health has summoned the Minister of Trade and Investment, Otunba Niyi Adebayo; Minister of Health, Dr. Osagie Ehanire; and the Director-General of National Agency for Food and Drug Administration (NAFDAC), Prof. Mojisola Adeyeye, over the manufacturing, importation, and policy guideline for syringes in Nigeria.
Atiku Abubakar carpets President Buhari over ‘inability’ to address Nigeria’s challenges
Former Vice President Atiku Abubakar says the present government led by President Muhammadu Buhari lacked the capacity to address current challenges and needed help.
Atiku Abubakar reiterates call for privatisation of NNPC, refineries
A former vice president, Atiku Abubakar, has again called on the federal government to sell off the Nigerian National Petroleum Corporation (NNPC) and its refineries.
#EndSARS: Court awards N210 million against police for killing two suspects, injuring other
The Federal High Court in Bauchi on Friday awarded N210 million against the Nigeria Police as compensation for their brutality leading to the death of two persons and life-threatening injury of another man.
CISLAC: Nigeria losses $18 billion yearly to money laundering, others
The executive director, Civil Society Legislative Advocacy Centre (CISLAC), Auwal Rafsanjani, said Nigeria losses around $18 billion abroad yearly to tax evasion, money laundering and stashing of illegal proceeds outside the country.
SERAP urges Enugu governor drop proposed life pension for ex-governors
Socio-Economic Rights and Accountability Project (SERAP) has asked the Governor of Enugu State, Hon. Ifeanyi Ugwuanyi, to drop a proposed bill aiming to provide life pension for former governors and their deputies.
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Rivers governor hits PDP NWC over Babangida Aliyu
Governor Nyesom Wike has condemned Uche Secondus led National Working Committee of the Peoples Democratic Party (PDP) for not taking stern disciplinary action against former governor of Niger State, Dr Mu’azu Babangida Aliyu, over his recent claim that he conspired with others to ensure that President Goodluck Jonathan lost the 2015 presidential election.
Gunmen attack Enugu divisional police headquarters
It was gathered that the gunmen reportedly attacked the Divisional Police Office in Adani, Uzo-Uwani local government area of the State, in the early hours of Wednesday.
Estate owners ask Nigerian government to review AMCON’s conduct
Following the reported seizure of some plots of land at Victory Park Estate in Lekki, Lagos State, by the Assets Management Corporation of Nigeria (AMCON), the estate owners’ association yesterday called on the federal government to review the corporation’s conduct.
Washington reacts to verdict in Derek Chauvin trial
Washington responded with calm determination as former police officer Derek Chauvin was found guilty on all charges of murdering George Floyd, ending a trial that has put the country on edge as it confronts the realities of racial injustice and police violence.
Kaduna: Gunmen attack Green Field university, abduct students
An unidentified number of students of Green Field University located along the Abuja-Kaduna highway have been abducted when armed men attacked the school.
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Enugu CP condemns brutality against police personnel
The Commissioner of Police in Enugu State, Mohammad Aliyu, has condemned all forms of brutality against the police, and described the menace as bad narratives against the force.
Nigerian governors pledge to start implementing judiciary’s financial autonomy
Nigerian governors on Thursday said they will start implementing financial autonomy for the judiciary latest by May ending, a pledge that indicates that an end to the ongoing strike that has crippled the nation’s judiciary may be in sight.
Cross River to partner EU conservation society on forests management
The Cross River State Government has signed a Memorandum of Understanding (MoU) with the European Union Wildlife Conservation Society (WCS EU) on forests management and conservation.
DSS invites youth leader over planned protest at Abuja airport
Leader of the group and National President of NYU, Chinonso Obasi, confirmed told newsmen, Wednesday, that he was invited by the DSS, adding he had concluded arrangements to be at DSS headquarters on Wednesday morning in honor the invitation.
PDP celebrates victory in Rivers council polls
The Peoples Democratic Party (PDP) yesterday celebrated the party’s sweeping victory in the election that took place in the 23 local government areas and 319 wards in Rivers State.