Breaking News in Nigeria Today Tuesday 28th April 2020
Here are some of the Breaking News in Nigeria Today Tuesday 28th April 2020 on some of the nation newspapers .
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Crude lifting: FG seeks redress for indigenous shipping firms
F ederal Government, through the committee on establishment of national fleet, has begun works to resolve the zero participarion of Nigeria shipping firms in the crude oil lifting exercise. Executive Secretary of the Nigerian Shippers’ Council, NSC, Hassan Bello, who gave this hint in a document sighted at the weekend, noted that this anomaly would be addressed especially with the coming on stream of the national fleet soon. Contrary to claims that lack of capacity was responsible for non-involvement of Nigerian shipping firms in lifting of the nation’s crude…
A helping hand from NAF to host communities
The Nigerian Air Force distributed food items and other palliatives to host communities, to mark its 56th anniversary. EMMANUEL ONANI reports T he Nigerian Air Force (NAF), last week, marked its 56th anniversary in a low key, following the lockdown emplaced in the Federal Capital Territory, Lagos and Ogun states, and many other cities across the federation. The NAF was established in 1964. Notwithstanding the lockdown, the NAF, used the opportunity of the occasion to distribute food items and other palliatives, to cushion the…
COVID-19: Niger begins repatriation of Almajiris to states of origin
In view of the risk Almajiris are exposed to, especially as the COVID-19 pandemic spreads across the country, Niger State government yedtrrday said it has completed arrangements to repatriate all Almajiri children to their states of origin. Findings by New Telegraph had it that twenty four of such Almajiris, two mallams and two other passengers had been taken to Kaduna State by security operatives. It was gathered that others would soon follow suit as the exercise would be carried out on daily basis. In a statement issued by…
NSE opens week positive with N9bn gain
T he equities market closed yesterday positive, to commence the weekly trading activities on the upswing after the market closed last Friday also in the green. The market performance indices, NSE ASI, appreciated by 0.07 per cent with market breath closing negative with eight gainers as against 14 losers. The upswing, according to market watchers, was driven by bargain hunting activities on the back of undervalued stocks following renewed appetite in anticipation of share appreciation. Consequently, the All-Share Index grew by 16.9 basis points or…
Secondus to Buhari: Restructure Nigeria in honour of Akinjide, others
N ational Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, yesterday urged the President Muhammadu Buhari-led Federal Government to honour efforts by Chief Richard Akinjide (SAN) and others on 2014 National Conference (Confab) by restructuring the country. Secondus, who was represented by the Deputy National Chairman (South ) of the party, Elder Yemi Akinwunmi, made the call during a condolence visit to the family of the former Attorney-General and Minister for Justice, Akinjide, who died last week in his Ibadan residence. He was aged 88. The…
COVID-19: IMF confirms plan to approve Nigeria’s $3.4bn request
T he Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, said yesterday that she expected the Fund to have provided Nigeria with significant emergency financing by the end of April, signaling likely IMF board approval for the country’s $3.4 billion request. The IMF’s board is scheduled today to consider a Nigeria’s request for the emergency financing to combat the impact of the coronavirus. Reuters quoted her as saying that: “We are working very rapidly to provide a significant emergency financing to Nigeria. I expect…
Makinde dismisses lockdown in Oyo
C ontrary to speculation making the rounds in Oyo on planned lockdown, Governor Seyi Makinde yesterday declared that there would be no lockdown in the state just as palliatives distribution would commences this week. The governor, who disclosed this during a live call-in interview on an Ibadan-based FM Radio Station, also insisted that a decision to direct civil servants from level 13 and above to resume yesterday was in the best interest of the people of the state because the economic health of the state was as important…
Tough times ahead for local oil producers
The price rout rocking the global oil industry continues to bite harder. Adeola Yusuf, in this report, examines how indigenous oil producers with marginal output and investments will devise means of survival at this critical period oil is trading below budgetted prices. P enultimate Monday, the prices of crude oil, particularly the crude grades from the United States (U.S), fell to an unprecedented level of below $0 per barrel. Before the end of transaction at global oil market on that fateful day, the WTI, U.S., grade…
Oil bid round: FG’s move to end 10-year drought threatened
DATA The last marginal field bid round took place in 2002 when 24 fields were awarded to 32 companies with some of them being two to one field Fifty-six marginal field licensing rounds risk cancellation T he licensing round for 56 oil blocks in Nigeria scheduled to take place before June is under serious risk of cancellation. This, a new impact analyis report by global oil auditors at Rystad Energy read at the weekend, came as Federal Government’s move to put an end to the…
We didn’t return rice palliatives to FG, says Ondo
T he Ondo State Government has disclosed that the palliatives sent to the state by the Federal Government to cushion effects of COVID-19 pandemic would be distributed to residents soon. Special Adviser to the Governor on Public and Inter-Governmental Relations, Mrs. Olubunmi Ademosun, disclosed this yesterday while dismissing reports in some section of the media that the state had rejected its share of palliatives sent by the Federal Government. It was reported that 1, 800 bags which were delivered by the Ministry of Humanitarian Affairs and Disaster Management to…
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