Category: Economy

Economy, Featured, Foreign News, Health, LifeStyle, News, News Now

US now backs patent protection waivers for COVID-19 vaccines

…The decision opens the door for vaccines being manufactured worldwide. The Biden administration now says it supports waiving the intellectual property protections for COVID-19 vaccines, opening the door for their possible manufacturing by companies and countries around the world, beyond those that invented them. It is a historic shift and one that advocates and aid groups say is critical for speeding up the end of the coronavirus pandemic. The … Continue reading US now backs patent protection waivers for COVID-19 vaccines

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Labour opposes move by FG to cut salaries, merge MDAs

The Nigeria Labour Congress (NLC) has opposed moves by the Federal Government to cut salaries of civil servants as well as the number of federal agencies. Minister of Finance, Budget and National Planning, Zainab Ahmed, had said the FG was working to reduce the high cost of governance by cutting the salaries of civil servants as well as the number of federal agencies. The Minister … Continue reading Labour opposes move by FG to cut salaries, merge MDAs

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ICPC, Finance Ministry move to Reduce Cost of Governance

The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, has requested the assistance of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to help in reducing the high cost of governance in the public sector. She said this at a Policy Dialogue on Corruption and Cost of Governance in Nigeria organised by the Anti-Corruption Academy of Nigeria (ACAN) the training … Continue reading ICPC, Finance Ministry move to Reduce Cost of Governance

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Tax Evasion: FIRS Plans Direct Deductions from Defaulters Bank Accounts, Other Assets

Following rising cases of wilful and illegal withholding of taxes collected by companies, corporations, Ministries, Departments and Agencies (MDAs) and other agents of collection, the Federal Inland Revenue Service (FIRS) has served public notices to defaulters that the Service plans “to recover taxes due from the defaulters’ asset in the custody of any person, including but not limited to sums standing to its credit with … Continue reading Tax Evasion: FIRS Plans Direct Deductions from Defaulters Bank Accounts, Other Assets

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We will soon deploy 5G technology, says FG

The Federal Government has announced it is going ahead with arrangements for deployment of Fifth Generation (5G) Technology in the telecommunications industry. The government allayed fears and concerns on health and security implications over deployment of 5G, asserting Nigeria cannot afford to be left behind. It added the resources and revenues to be earned from the deployment are so huge they cannot be ignored. Executive … Continue reading We will soon deploy 5G technology, says FG

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Niger Delta group wants deadline for conclusion of NDDC forensic audit maintained

Niger Delta Conscience Coalition (NDCC), a press group in the Niger Delta zone, has expressed shock at avalanche o criticisms trailing the July 2021 terminal date for the  completion of the ongoing Forensic Audit of the Niger Delta Development Commission (NDDC).  The group which alleged in their press release at Daily Sun disposal von Wednesday  in Uyo that some naysayers and political jobbers from both … Continue reading Niger Delta group wants deadline for conclusion of NDDC forensic audit maintained

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Strike won’t be called off until demands on financial autonomy are met -JUSUN

The Judicial Staff Union of Nigeria (JUSUN) says the nationwide strike will not be called off until a concrete resolution is reached on  financial autonomyThe News Agency of Nigeria (NAN) observed that tomorrow, Thursday, the strike will be a month. JUSUN had began a nationwide strike on Tuesday, April 6, when the union directed all its members across the federation to shut down all courts after … Continue reading Strike won’t be called off until demands on financial autonomy are met -JUSUN

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Lagos moves to protect shorelines from illegal development

… Extends Enforcement To Ibeshe Okun, Snakes Island, Other Communities In Oriade LCDA Lagos State Building Control Agency (LASBCA), has decried the illegal development along the shorelines of Ibeshe Okun coastal community in Oriade Local Council Development, saying that some ongoing developments in the area deviate from the State’s Physical Planning Law. As a way of halting further development of illegal structures within the communities, … Continue reading Lagos moves to protect shorelines from illegal development

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Nigerians call for Pantami’s resignation despite NIN-SIM linkage extension

Subscribers under the aegis of the National Association of Telecoms Subscribers have called on the Minister of Communications and Digital Economy, Isa Pantami, to step down in spite of the extension of the deadline for National Identity Number-Subscriber Identity Module linkage. Pantami, who has been under fire of late over his past extremist pro-Islamist comments, announced the postponement of the deadline to June 30 based … Continue reading Nigerians call for Pantami’s resignation despite NIN-SIM linkage extension

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Insurgency: Army got N1.08tr in 28 months, Finance minister tells Senate

The Army got N1,008.84 trillion as budget releases between January 2019 and this year’s first quarter, Finance, Budget and National Planning Minister Hajiya Zainab Ahmed told the Senate on Tuesday. Mrs. Ahmed made the revelation when she appeared before the Senator Mohammed Ali Ndume-led Senate Committee on Army. Citing a letter from the Chief of Defence Staff last week, Ndume said the military authorities complained … Continue reading Insurgency: Army got N1.08tr in 28 months, Finance minister tells Senate

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