President Muhammadu Buhari has approved the appointment of Dr Orji Ogbonnaya Orji as the Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI). Director, Information, in the Office of the Secretary to the Government of the Federation, Willie Bassey who disclosed this in a statement on Thursday said the appointment is “for a single term of five (5) years in accordance with the provision of Section 12 (2) (a) and 6 (3) of the Nigeria Extractive Industries Transparency Initiative (Establishment) Act, 2007”. According to the statement, the appointment takes effect from 19th February, 2021. Until his appointment, Dr Orji was the…
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The National Agency for Food and Drug Administration and Control (NAFDAC) has approved the Oxford/AstraZeneca COVID-19 vaccine for public use in Nigeria. NAFDAC in a statement on Wednesday said it has evaluated the safety and efficacy of the vaccine and approves it for public use. Recall that in January the Federal Government announced that Nigeria would receive 10 million doses of Coronavirus vaccines in March. On November 20, 2020, AstraZeneca/Oxford said its COVID-19 vaccine was 90% effective against the COVID-19 disease. As of February 18, the NCDC reports that Nigeria has recorded 149,369 COVID-19 infections and 1,787 fatalities.
In its efforts to assist in optimizing freight clearance processes in Nigeria, Valuehandlers International has launched a Customs Duty Calculator software. The software, which is the first of its kind in Nigeria is aimed at helping importers and shippers instantly calculate customs duty. On the click of a button, the software, which was developed by a team of researchers from Federal University of Technology, (FUTMinna) headed by Prof. Musa Abiodun Aibinu accurately calculates customs duty payable to the Nigeria Customs by simply providing import details. With the duty calculator, importers and stakeholders such as CEOs, Procurement Officers, Site Engineers, Ecommerce…
The International Monetary Fund (IMF) has expressed support for the directiveof the Central Bank of Nigeria (CBN) that banks should close all accounts related to cryptocurrency transactions. However, the IMF cautioned the Federal Government (FG) against increasing the tax rate in a bid to generate more revenue, saying, this is not the right time for such a move. IMF Resident Representative for Nigeria, Mr Ari Aisen, stated this yesterday while speaking at a special virtual press briefing on the recently published 2020 Article IV IMF Staff Report for Nigeria.Commenting on the CBN directive on crypto currencies, he said that there…
As part of its efforts to boost local milk production in Nigeria, the Ikun Dairy Farm Limited (IDFL), a joint venture between Promasidor Nigeria Limited (PNG) a leading food manufacturing company in Nigeria & Ekiti State Government (EKSG), has announced the arrival of the first batch of pregnant Jersey cows from a minimum pre-ordered pool of over 500 heifers from the United States of America as an addition to the biological pool of 192 indigenous and cross breeds available on the farm. ‘The Cages loaded on trucks for departure to Ikun-Ekiti in Ekiti State According to Mr. Andrew Enahoro, Director…
The National Agricultural Land Development Authority (NALDA) has awarded packaging of rice being cultivated under Federal Government’s national food programme contract to the recently revived Borno Plastic Industry (BOPLAS) owned by the Borno State Government. As stated, the company would be responsible as the official manufacturer of millions of sacks for the packaging of rice cultivated under the national programme. NALDA Executive Secretary, Paul Ikonne, said that the company was selected after a thorough assessment of its capacity and quality of its products which met the standard being sought by the agency. Announcing the contract on Wednesday when Borno State…
The Ekiti State Government has reiterated its commitment tostrengthening current capacity at its health facilities to enable themdeliver quality care to its residents. The Ekiti State Governor Dr. Kayode Fayemi gave the assurance at thecommissioning of 300million naira worth of hospital equipment at theEkiti State University Teaching Hospital (EKSUTH). Dr. Fayemi who was represented at the event by the Deputy Governor,Otunba Bisi Egbeyemi disclosed that the equipment which are to bedistributed among the forty-eight health facilities across the State,were generously donated by Global Fund under its Resilient AndSustainable System for Health (RSSH) granted implemented by ManagementSciences for Health. The Governor…
Q&A between Gov. Sanwo-Olu and Dr. Okonjo-Iweala at Ehingbeti 2021 Dr. Ngozi Okonjo-Iweala is the newly appointed Director-General of the World Trade Organisation (WTO). In this interview session anchored by Lagos State Governor, Mr. Babajide Sanwo-Olu, during the 8th Lagos Economic Summit, otherwise known as Ehingbeti, in Lagos on Tuesday, Okonjo-Iweala, Nigeria’s former Minister of Finance, speaks on her new appointment at WTO, theme of the summit, women and youths empowerment and development of the African continent, among other issues. Upshot Reports was there, below are the excerpts. Congratulations on your emergence as the Director-General of the World Trade Organisation (WTO).…
The Federal High Court, Abuja, on Wednesday, refused to grant an application filed by the Economic and Financial Crimes Commission, to inspect the money seized from the former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, Andrew Yakubu. Justice Ahmed Mohammed dismissed the request on the grounds that the application lacked merit. The judge noted that though it was the duty of the court to visit the scene of an event (locus in quo) where there was controversy to clear the doubt if there was any, such decision was at the discretion of the court. “I find the…
