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Bayelsa governor: 2.5% revenue for host communities ‘unacceptable’ to Niger Delta
Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities.
Witness: N74 billion recovered by Abdulrasheed Maina was used to finance 2012 budget
Ngozika Ihuoma, first defence witness (DW1), on Tuesday, told the Federal High Court, Abuja, that N74 billion recovered by defunct Pension Reformed Task Team (PRTT) was used by the Federal Government to finance 2012 Budget.
Speaker Gbajabiamila: Repealing Treaties Act of 1993 long overdue
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that repealing the Treaties (Making Procedure, etc) Act of 1993 represents a bold and long overdue step in the country’s quest for perfect democracy.
House of Reps move to domesticate laws on treaties, agreements, conventions, others
The House of Representatives says it will domesticate laws on treaties, protocols, agreements, conventions, pacts and accords to become operational in the country.
Lagos: 2,636 active coronavirus cases under home-based care
The Lagos State Commissioner for Health, Prof. Akin Abayomi, says there are 2,636 active COVID-19 cases being managed under the state ‘Home Based Care’.
Oil slips on fears over higher OPEC supply, slower China demand
Oil prices slipped, on Tuesday, as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.
Nigeria receives 3.94 million coronavirus vaccines doses
Nigeria on Tuesday received 3.94 million doses of the Oxford-AstraZeneca COVID-19 vaccine through the COVID-19 Vaccines Global Assess Facility, COVAX.
Energy firms’ bank debts rise to N5.94 trillion
The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019.
Archbishop Kaigama: Poverty menacingly threatening existence of Nigerians
The Catholic Archbishop of Abuja Diocese, Ignatius Kaigama, has criticised what he described the poor social security system in the country, which, he said, negatively affects millions of Nigerians.”
PTF: No coronavirus vaccines for under-18
The Presidential Task Force (PTF) on COVID-19 has said that Nigerians under the age of 18 years will not receive the COVID-19 vaccines in the country.
Apapa gridlock: We’ll sustain call-up system enforcement – Lagos traffic team
Seventy-two hours into the commencement of the new Call-Up System introduced by Nigerian Ports Authority, NPA, the Lagos State Special Traffic Management Enforcement Team, yesterday, vowed to sustain the new order in Apapa and its environs, as gridlock eases off.
Ondo governor suspends NURTW, RTEAN, orders unions to vacate motor parks
Ondo State Government has suspended both the National Union of Road transport workers, NURTW, and the Road Transport Employers’ Association of Nigeria, RTEAN in the state.
EFCC arraigns former Nigerian senator for ‘N419 million scam’
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former senator, Umaru Argungu, on charges of criminal misappropriation of public funds to the tune of N419million.
Nigeria to adopt polio-immunisation strategy in vaccinating eligible citizens
As Nigeria receives its first batch of 3.92 million doses of AstraZeneca COVID-19 vaccines on Tuesday, the federal government has said it would adopt the strategy deployed during the polio pandemic in the country in vaccinating eligible citizens.
Banking industry report shows mixed development
The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
Nigerian government unveils online registration platform for coronavirus vaccination
The federal government Monday launched the electronic registration platform to enable eligible Nigerians get vaccinated against the deadly Covid-19 pandemic.
PIB: Stakeholders want 10 percent derivation for host communities
Stakeholders in the oil and gas industry, Thursday demanded a raise of the oil operating expenditure from 2.5 per cent to 10 per cent for host communities in the new petroleum industry bill (PIB).
Minister: Nigerians who received coronavirus vaccines abroad must get tested upon arrival
The minister of state for health, Olorunnimbe Mamora, says Nigerians who have received COVID-19 vaccines abroad will still be required to take polymerase chain reaction (PCR) tests upon arrival in the country.
Donald Trump says he predicts ‘energy disaster’ for America
Former U.S. President Donald Trump has warned that under the Biden administration, the country’s dependence on foreign oil may increase and energy prices could rise.
MTN records N1.3 trillion service revenue, 76.5 million subscribers
MTN Nigeria, on Monday, released its audited results for the financial year ended 31 December 2020, where it raked in N1.3 trillion service revenue in the last fiscal year, which is a 14.7 per cent increase in revenue.
Nigeria’s central bank plans to strengthen Naira, economy through $15 billion Dangote refinery
The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.
Luke Shaw reveals what referee told Harry Maguire about awarding a penalty
United boss Ole Gunnar Solskjaer was in no doubt his side should have been awarded a penalty, and claimed Attwell’s alleged comment to Maguire after the incident would not show the referee in a good light.
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Twitter opens its audio chat room Spaces to Android users
Twitter introduced a limited version of the Clubhouse competitor on iOS in January. While any users of Twitter’s iOS app can join and listen to Spaces, only a few can host them at the moment.
Bauchi, Benue governors reconcile in Port Harcourt
Rivers State Governor, Nyesom Wike, on Tuesday, brokered a truce between the Governor of Benue State, Samuel Ortom and Governor of Bauchi State, Senator Bala Mohammed in Port Harcourt.
Barcelona, Atletico Madrid ordered to further tighten belts by La Liga
FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic.
Bayelsa governor: 2.5% revenue for host communities ‘unacceptable’ to Niger Delta
Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities.
Police nab five ‘armed robbers’, recover fire arms in Nasarawa
Police in Nasarawa state Tuesday announced the arrest of two suspected notorious armed robbers who have been terrorising Nasarawa and its environs and recovered fire arms from them.
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Nigeria receives 3.9 million COVAX vaccine doses on Tuesday
This was disclosed in a joint statement by the National Primary Health Care Development Agency (NPHCDA), United Nations Children’s Fund (UNICEF), and the World Health Organization (WHO) in Abuja.
White House has not made ‘final decision’ on participation in Olympics in China
The White House has not made a final decision on participation in the Winter Olympics in Beijing, a spokeswoman said on Thursday, as Republican lawmakers call for the United States to boycott the Games in 2022.
NAFDAC: FEC approves N6.2 billion for FCT projects, 40 scan devices
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N5.9 billion for execution of three projects by the Federal Capital Territory (FCT).
AYCF urges new EFCC boss not to spare any corrupt officials
The Arewa Youth Consultative Forum (AYCF) has commended President Muhammadu Buhari for appointing a young man in the person of Bawa to head the EFCC.
FMDQ Exchange admits Parthian Partners N20 billion commercial paper
The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform.