The Central Bank of Nigeria has faulted the Nigerian Economic Summit Group over its comments on what it was doing to stabilise the economy in the face of the impact of the Coronavirus Disease. The spokesman of the CBN, Isaac Okorafor, made the position of the apex bank known against the backdrop of the statement by the NESG, which questioned some of the measures taken by the apex bank to support the stability of the country’s financial system and help the economy to recover faster. Okorafor said by the positions it had taken, it was obvious that the NESG, under…
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We refer to the Bill for an Act to repeal the Banks and Other Financial Institutions Act, 2004 and to re-enact the Banks and other Financial Institutions Act, 2020 (“the Bill”) which we understand has been passed by the 9th National Assembly and has been forwarded to your Excellency for assent. In line with Your Excellency’s aggressive industrialization and investment agenda for Nigeria, and the focus of your administration on improving the Nigerian business climate, which has seen our country leapfrog several steps in the World Bank Doing Business Index, the Nigerian Economic Summit Group hereby respectfully wishes to bring…
A number of containers which have been unclaimed and abandoned in some areas in Amuwo-Odofin LGA have been seized recently. In a recent development, the local council has announced and concluded arrangements to auction unclaimed and abandoned containers seized by the council after the expiration of 21 days notice that has been issued. Mr Olusegun Idris, Amuwo-Odofin Vice chairman relayed that these containers were seized in order to de-congest the area and reduce the crime rate recorded there. He added that the abandoned containers and trucks made vehicular movement tedious around the Mile 2 and the Industrial Estates, in Amuwo…
The Medical and Dental Practitioners Disciplinary Tribunal has sanctioned two doctors; Joseph Iyoha and Mukaila Oladipo for their negligence which caused the death of a three-month-old baby, Peace Oluwole. The Tribunal said the doctors, who were arraigned on seven counts, were incompetent in the management of the three-month-old baby and failed to do all that was appropriate and reasonable for the treatment of the patient. The chairman of the Tribunal, Abba Waziri, in the verdict obtained by Newsmen, said Iyoha, who was found guilty of three counts, did not exhibit reasonable diligence. The MDPDT said Iyoha prescribed and caused to…
Lagos, Sept. 9, 2020 The Major Oil Marketers Association of Nigeria (MOMAN) on Wednesday urged the Federal Government to create a special fund to facilitate the conversion of more vehicles in the country from using petrol, otherwise known as Premium Motor Spirit (PMS), to autogas.MOMAN’s Chairman, Mr Tunji Oyebanji, told newsmen in Lagos that the move would deepen gas utilisation in line with the objectives of the National Gas Expansion Programme (NGEP).Oyebanji said creating an alternative source of energy for Nigerians was imperative as the nation grapples with increasing PMS prices due to the deregulation of the petroleum downstream sector.He…
The UK Government says it has appointed Llewellyn-Jones, Order of the British Empire (OBE ) as the new British Deputy High Commissioner (DHC) in Lagos, Nigeria. Ndidiamaka Eze, Press and Public Affairs Officer, British Deputy High Commission, Lagos, made the disclosure in a statement on Wednesday. Eze said that Llewellyn-Jones was an experienced diplomat, who had worked in different parts of the world, including Nigeria. She said that he took over from Ms Harriet Thompson, who recently concluded four years as DHC in Abuja and Lagos. The public affairs officer said that Llewellyn-Jones would be focusing his time and energy on supporting trade, investment and development in…
Royal staff staged a rare protest against planned job cuts outside one of Queen Elizabeth II’s main residences, Windsor Castle, their trade union said on Wednesday. The Public and Commercial Service (PCS) Union tweeted a photograph of visitor wardens employed by the royal household “protesting about cuts to their pensions and jobs” in front of a main gate of the castle on Tuesday. The PCS said royal staff faced “200 compulsory redundancies” and cuts to their pension contributions. It said union members employed at the castle by the Royal Collection Trust, part of the Royal Household, had staged a silent…
The families, Braimoh and Ajakaiye of Gbegegun Village, Sangotedo, Lagos has appealed for the intervention of the State House of Assembly to restore their landed properties, following the purported acquisition of their lands by the State Government under the reference of overriding public interest. This followed a petition written to the House by the families, seeking for intervention. The Committee, therefore in a bid to get a true picture of the situation announced during a meeting with the families on Tuesday; that an inspection visit will be carried out to the areas possessed by the Government from the families. The…
Over 47,000 people applied for 2000 Amotekun jobs in Oyo state as the screening and verification exercise commenced on Wednesday across the state, insideoyo.com reports. According to the Nigerian Tribune, as early as 8.00 a.m., applicants including members of Agbekoya, hunters, vigilante, members of the Oodua Peoples Congress (OPC), Soludero, with or without educational qualifications, were seen at Adamasingba Stadium venue of the exercise. While each applicant tendered registration slip and means of identification, they were also asked questions on their experiences in tackling insecurity in their respective domains, the roles in the various groups they claim to belong to…
Dr Rose Gidado, Country Coordinator, Open Forum on Agricultural Biotechnology (OFAB), says embracing Genetically Modified crops will help Nigeria attain food security and reposition its economy. Gidado, also Deputy Director, National Biotechnology Development Agency, said this in an interview with the News Agency of Nigeria, on Wednesday, in Abuja. She said GM crops could help improve the economy by combating hunger, malnutrition and ensuring safer agricultural practice in the country. Gidado said GM crops like Biotech (Bt) cowpea could be used as fodder, to provide huge economic gains for the economy. She maintained that Bt cowpea had the potential of…
