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AVIATION: Food Will No Longer Be Served On Domestic Flights, Says Nigerian Govt

AVIATION: Food Will No Longer Be Served On Domestic Flights, Says Nigerian Govt

BUSSINESS
Hadi Sirika, the minister of aviation, says food will no longer be served on domestic flights when operations resume. Speaking on Monday at the daily briefing of the presidential task force on COVID-19, Sirika said the decision is part of efforts to control the spread of the novel coronavirus on flights. “For this domestic operation, there will be no food. No food will be given to reduce contamination level and we will allow you to come with your mask,” he said. “Like the MD of FAAN had said the other day, we see it as your private thing. So it is you bring your mask, they don’t have to be the fancy ones.” Explaining how cabin crew came into existence, Sirika said: “Remember I told you on this platform that the cabin crew’s job is not to offer you tea. “They cam
[PHOTOS] Nigerian Lawmakers Inspect Abuja Airport Ahead Of Domestic Flight Resumption

[PHOTOS] Nigerian Lawmakers Inspect Abuja Airport Ahead Of Domestic Flight Resumption

BUSSINESS
Some members of the House of Representatives have paid an inspection visit to the Nnamdi Azikiwe International Airport in Abuja. The lawmakers, who comprise members of the House Committee on Aviation, inspected the airport on Monday ahead of the resumption of domestic flights in the country. During the visit, the lawmakers advocated the need for relevant agencies to ensure compliance with safety protocols amid the rising cases of COVID-19 in Nigeria. This comes barely a week after the Minister of Aviation, Hadi Sirika, said the airport in the nation’s capital and the Murtala Mohammed International Airport would resume domestic operations on Wednesday. He also announced that the airports in Kano, Port Harcourt, Owerri (Imo State), and Maiduguri (Borno State) would
NLC Rejects New Fuel Price Of N143.8, Demands Quick Reversal

NLC Rejects New Fuel Price Of N143.8, Demands Quick Reversal

BUSSINESS
The Nigeria Labour Congress has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory Agency on Wednesday, saying “this might just be the last straw that would break the camel’s back.” The congress demanded a reversal of the pump price to the old price, arguing that that the prices of crude oil in the international market had only slightly increased from the previous price before the downward review was announced two months ago. The NLC President, Ayuba Wabba, in a statement on Thursday, described the hike in the fuel pump price and the proposed electricity tariff hike as “potent threat to run millions of Nigerians under.” He asked the Federal Government to rehabilitate the refineries and disclose the timelines for this.
Buhari’s govt increases petrol pump price again

Buhari’s govt increases petrol pump price again

BUSSINESS
The Petroleum Products Pricing Regulatory Agency (PPPRA) has increased the pump price of petrol to N140.80/143.80 per litre from N121.50 per litre. PPPRA announced the new retail price band to marketers in a circular dated July 1, 2020. The circular was signed by its Executive Secretary, Abdulkadir Saudi. “After a review of the prevailing market fundamentals in the month of June and considering marketers’ realistic operating costs, as much as practicable, we wish to advise a new PMS pump price band of N140.80 – 143.80/litre for the month of July, 2020,” part of the circular read. The pump price of petrol was on June 1, 2020 reduced to N121.50 per litre from N123 per litre
BREAKING: Buhari sacks TCN boss Gur Mohammed, appoints Abdulaziz as successor

BREAKING: Buhari sacks TCN boss Gur Mohammed, appoints Abdulaziz as successor

BUSSINESS
Mr Usman Mohammed, Managing Director, TCN kicked out by Buhari President Muhammadu Buhari has approved the sack of Usman Gur Mohammed as managing director of the Transmission Company of Nigeria (TCN). He has also approved the appointment of Sule Ahmed Abdulaziz, an engineer, to act as the CEO. Minister of Power, Mohammed Saleh announced the change today. Saleh also announced the confirmation of four executive directors by Buhari. Victor Adewumi was confirmed as executive director transmission services provider, while M. J. Lawal would be in charge of independent systems operator. The other executive directors are Ahmed lsa-Dutse, finance and accounts; and Justin Dodo, human resources and corporate services. TCN transmits electricity to the privately run...
Nigerians Signing Loan Documents In Chinese Language, Lawmaker Claims

Nigerians Signing Loan Documents In Chinese Language, Lawmaker Claims

BUSSINESS
A member of the House of Representatives, Mr Ben Ibakpa has claimed that some Nigerian officials sign loan documents from China in Chinese language. Mr Ibakpa said this on Thursday when he appeared on Channels Television’s breakfast show, Sunrise Daily, claiming that the National Assembly is not carried along when the country takes loans from China. According to the member representing Ethiope Federal Constituency, the National Assembly has been kept in the dark before now, adding that the lawmakers, will, however, play more active role when the country wants to take loans from China. “The national assembly is kept in the dark in all these loans. The National Assembly is not part of it,” the lawmaker said. “Even the Bureau for Public Procurement is not aware of these
Investors count losses over Wike’s closure of ports despite FG’s directive in Rivers

Investors count losses over Wike’s closure of ports despite FG’s directive in Rivers

BUSSINESS
Users of the Rivers and Onne Ports have raised the alarm over the loss of their investments and perishable consignments as a result of the arrest of port workers by the state COVID-19 task force on the orders of Nyesom Wike, the governor. The governor, who has imposed a 24-hour lockdown on Port Harcourt and Obi Akpor local government areas over the COVID-19 pandemic, refused to place port workers under essential duty. This is contrary to the guidelines of the presidential task force of COVID-19 which classified port operations as essential services. The federal government had said despite lockdown, ports should remain open to trade so as to facilitate importation and delivery of essential goods, such as foods and medical supplies. But in the last one week,...
Gov Udom Orders Immediate Shut Down Of All Livestock Markets In Akwa Ibom

Gov Udom Orders Immediate Shut Down Of All Livestock Markets In Akwa Ibom

BUSSINESS
Governor Udom Emmanuel has ordered the immediate shutdown of all livestock markets in Akwa Ibom state, for the rest of May 2020. This is according to a statement by Dr Emmanuel Ekuwem, the secretary to the state government. “By this announcement, no new consignment of livestock – goats, cows and rams, will be allowed into the state until further notice. Livestock sellers are advised to sell off their stock and proceed to shutdown,” the statement partly read. Dr Ekuwem further stated that security agencies have been directed to monitor and ensure full compliance, stressing that defaulters will be prosecuted.
COVID-19: Cross River preparing for life after pandemic- Gov Ayade

COVID-19: Cross River preparing for life after pandemic- Gov Ayade

BUSSINESS
In order to tackle the attendant food shortage expected to hallmark the post coronavirus pandemic, Cross River State is going ahead with its Agro- Industrialisation drive in the midst of the virus outbreak, says Governor Ben Ayade. The governor, who stated this in Calabar, explained that his administration was determined to make the state self sufficient in food production, adding that "we are not resting on our oars in our agro-industrialisation drive because of the likelihood of global food crisis after COVID-19.” Speaking while deploying the newly acquired tractors and other farming equipment to the field, Ayade said: "In the face of the lock out of Cross River State, isolating Cross River State from the infiltration of coronavirus into the state, we are aware that we have
CBN, banks take decision amid fears of mass sack

CBN, banks take decision amid fears of mass sack

BUSSINESS
The Central Bank of Nigeria (CBN) has announced the decision reached with banks in the country concerning lay-offs. As Nigeria battles coronavirus, there are fears in some quarters that the jobs of many citizens, including bankers, were at risk. Isaac Okorafor, CBN Director, Corporate Communications, in a statement Sunday evening, said a meeting of the Bankers’ Committee was convened to further review the implications of the COVID-19 pandemic on the Nigerian banking industry. He disclosed that the committee particularly deliberated on the issue of the operating costs of banks in view of the disruptions emanating from the global economic difficulties. Okorafor said it was decided that in order to help minimize and mitigate the negative impact of the COVID19 pandemic o