FG Approves Cultivation Of Genetically Modified Maize

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 4,527 total views,  168 views today The Federal Government has granted environmental approval for the evaluation and open cultivation of TELA Maize, a new variety of genetically modified maize developed by researchers at the Institute for Agricultural Research, Ahmadu Bello University, Zaria. Approval for the cultivation of the crop was announced in a statement issued in Abuja on Sunday, jointly signed by the Communications Officer, West and Central Africa for African Agricultural Technology Foundation; and the Information Officer, IAR/ABU, Yakubu Dodo. According to the statement, the genetically modified maize would resist fall…

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TINCAN Island Customs Command Tasks Newly Promoted Officers To Justify Confidence Reposed In Them

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 5,324 total views,  168 views today Peterclaver Egbochue Customs Area Controller, TinCan Island Command, Mba Musa has charged all the newly promoted officers of the command to show more commitment and diligence in the discharge of their duties to justify the confidence reposed in them by the Service. Controller Musa who stated this in his address on the occasion of the decoration of the newly promoted officers on Friday at the TinCan command reminded the officers that promotion comes with additional responsibilities in line with the popular maxim that, ” To whom…

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Facebook Blames Seven-Hour Outage On ‘Faulty Configuration Change’

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 6,831 total views,  168 views today Social media powerhouse and Silicon Valley tech giant on Monday night blamed a record seven-hour outage on a “faulty configuration change” on the backbone routers that coordinate network traffic. Facebook Vice President of Infrastructure, Santosh Janardhan, made this known in a statement titled, ‘Update about the October 4th outage’. The statement reads, “To all the people and businesses around the world who depend on us, we are sorry for the inconvenience caused by today’s outage across our platforms. We’ve been working as hard as we can…

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31.7% Youths Lack Access To Bank Loans For Business -NBS

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 2,640 total views The National Bureau of Statistics says that 31.7 percent of youths in Nigeria lack access to bank loans to finance their businesses due to high interest rates. The bureau said this in its National Youth Survey for 2020, obtained from its website in Abuja on Monday. According to it, the report is a collaborative effort between the Federal Ministry of Youth and Sports Development and the NBS. It also said that stringent bank policies, government policies and other measures adopted by banking institutions make it difficult for youths…

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Ikeja Electric Customers To Experience Outage From October 11

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 1,828 total views Ikeja Electric Plc says some areas under its operational network will experience outages for a period of eight weeks to enable the Transmission Company of Nigeria (TCN) to re-conduct its 132KV lines. Newsmen report that Mr Olajide Kumapayi, Chief Technical Officer, Ikeja Electric, made the announcement at a news briefing on Monday in Ikeja. Kumapayi said the project which would begin on Oct. 11 was aimed at increasing the capacity of the transmission lines to wheel more power from the generation companies. He noted that some of the…

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BREAKING: Facebook, Instagram, Whatsapp Services Down Second Time In 2021

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 342 total views Facebook-owned services, WhatsApp and Instagram, are down on Monday, leaving some three billion online users frustrated and unable to connect all over the world. The social tools including Facebook’s own Messenger service were first reported as not being available from 04:25pm on Monday. Users visiting the social platforms owned by Silicon Valley guru Mark Zuckerberg are confronted with error messages. On Twitter, @WhatsApp wrote, “We’re aware that some people are experiencing issues with WhatsApp at the moment. “We’re working to get things back to normal and will send…

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VAT Dispute: South-South States To Join Suit At Appeal Court, Say Governors

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 25 total views Governors of the South-South have resolved that states in the region should join the suit filed by the Federal Inland Revenue Service (FIRS) challenging the collection of Value Added Tax (VAT) by states. This formed part of the resolutions reached at the meeting of the South-South Governors’ Forum held on Monday at the Government House in Port Harcourt, the Rivers State capital. Delta State Governor and Chairman of the forum, Ifeanyi Okowa, disclosed this while briefing reporters at the end of the closed-door meeting. While Rivers was initially…

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CBN Postpones Launch Of Digital Currency ‘E-naira’

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 1,744 total views The Central Bank of Nigeria (CBN) has postponed the official launch of its digital currency, the E-naira. According to the CBN spokesperson, Mr Osita Nwanisobi, the decision to postpone the unveiling of the E-naira, scheduled for October the 1st, was made to avoid any distractions from the country’s 61st Independence Day celebration. Nevertheless, the CBN has assured Nigerians that the bank and other partners are working to ensure a seamless process for the benefit of all. Meanwhile, no new date has been announced for the launch. Credit: ChannelsTV.

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Food Security: Actionaid, Others To FG, Secure Farmers’ Lives With Insurance Cover

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 1,975 total views As food prices continue to soar high on daily basis, ActionAid Nigeria, AAN, and 40 Budget Committee Group, BCG, members across seven States and the FCT, Wednesday, called on Federal Government to secure lives of farmers with insurance cover to sustain food production and boost food security. The call was part of other recommendations made in a communiqué endorsed by 28 Civil Society Organisations after a2-day Public Financing for Agriculture Budget Committee Advocacy (PFA-BCA) Summit held in Abuja, which was organised by ActionAid Nigeria (AAN) in collaboration with…

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We ‘ll Never Reduce Quality Of Checkers Custard–Company Rep

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 2,725 total views,  2 views today Peterclaver Egbochue Checkers Africa Limited, maker of Custard Powder has reiterated its commitment to serving it’s millions of customers only the best and would not drop the quality. Fielding questions from newsmen at Sheraton hotel, Ikeja over the weekend, Blessing Chukwuemeka Onyike, BTL, Operations of the company maintained that the company would never reduce the quality of its product knowing that a lot of families consume it regularly as part of their breakfast. Responding to the question of some companies reducing the quality of their popular…

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Senate Wants Oil Companies To Relocate To Host Communities

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 1,352 total views The Senate has mandated its committees on Petroleum Resources Upstream, Downstream Petroleum Sector and Gas to liaise with the Ministry of Petroleum Resources and the Presidential Implementation Committee on the Petroleum Industry Act (PIA), to facilitate the relocation of oil and gas companies in Nigeria to their various operational bases in host communities to ensure smooth operations. The upper chamber reached the resolution after it considered a motion on the “Urgent need to encourage all Multinational and Nigerian Oil and Gas Companies to relocate to their Operational Bases.”…

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MDAs To Own eNaira Wallets

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 1,081 total views Federal government Ministries, Departments and Agencies (MDAs) are expected to operate eNaira Wallets, just like individual account holders and private sector organizations. eNaira is a central bank digital currency (CBDC) issued by the Central Bank of Nigeria as a legal tender. It is the digital form of the Naira and will be used just like cash. The eNaira wallet is a digital storage that holds the eNaira. It is held and managed on a distributed ledger. According to the Central Bank of Nigeria (CBN), eNaira transactions would involve…

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Oil’ll Remain Number One Energy Source Globally –OPEC

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 536 total views The Organisation of Petroleum Exporting Countries released the World Oil Outlook 2021 on Tuesday and declared that crude oil would retain its number one position in the global energy mix up till 2045. OPEC Secretary-General, Mohammad Barkindo, who disclosed this during the unveiling of the WOO 2021, stated that global energy demand would expand by 28 per cent by 2045. He said energy would be needed to power more homes, more services, more businesses, more cars, more planes, more ships, etc. “This will require the use of all…

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Naira Exchanges N580 To $1

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 1,066 total views The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change operators who spoke to our correspondent said that the naira to the dollar was bought and sold at 575 and 580, while the Pound Sterling was bought and sold at 775 and 780. At the I&E forex window, the naira reached a high of 415.20 to close at 414.90. The official website of the Central Bank of Nigeria’s licensed Bureau De Change operators,…

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NIS Zone A–ACG , Talabi Assures Prospective Passport Applicant Of Prompt, Efficient Service, Cautions Against Patronizing Touts

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 1,349 total views ….Confirms The Presence  Of Taskforce To Clear Backlog of Impending Applications ……Says There’s Enough Passport Booklet In Ikoyi Office Peterclaver Egbochue The Assistant Comptroller  General, (ACG)  of the Nigerian Immigration Service (NIS) in charge of Zone A, Oluremi Talabi has assured prospective Nigerian passport applicants of the readiness of the zone to serve them promptly and efficiently. Speaking to newsmen in Lagos last Friday, Talabi reiterated the commitment of the Hon. Minister of Interior, Ogbeni Rauf Aregbesola and the Comptroller-General of the Nigeria Immigration Service, Mr Idris Issa…

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FX Crisis: How Sanusi And I Stabilised Naira For Five Years – CBN Ex-Deputy Gov, Moghalu

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 2,212 total views A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has explained how the apex bank stabilised the naira against the dollar for five years from 2009 to 2014. Moghalu, who was a deputy governor at the apex bank between 2009 and 2014, made this known in a PUNCH Live Interview on Thursday. During his time at the apex bank, Moghalu deputised Sanusi Lamido Sanusi, who was CBN Governor from June 2009 to February 2014. Both Sanusi and Moghalu were at the apex bank during the…

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Marketers Lack Facilities, Says NLNG As Price Of Cooking Gas Hits N7,000

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 1,465 total views,  2 views today Marketers do not have enough infrastructure to take up Nigeria LNG Limited’s Liquefied Petroleum Gas supply, this is according to the company’s management. In an earlier report, the Independent Petroleum Marketers Association had said that the major cause of the rising cost of cooking gas was lack of adequate supply. According to the marketers, foreign investors misjudged demand in the Nigerian market, prompting them to import the product. They advocated that the government should allow NLNG to provide more gas to the market in order to…

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Venezuela Moves To Strengthen Economic Ties With Nigeria

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 1,129 total views The Bolivarian Republic of Venezuela has called for economic ties with Nigeria, particularly in the area of oil production. The development took place during a bilateral meeting between the Minister of Foreign Affairs, Geoffrey Onyeama, and the Foreign Minister of the Bolivarian Republic of Venezuela, Félix Plasencia, on the sidelines of the United Nations General Assembly (UNGA) in New York, United States. Speaking during the meeting, Plasencia noted that Venezuela, like Nigeria, is an oil producing country and a regional leader, saying that Venezuela and Nigeria should get…

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49 Sacked Total Workers Protest At Company Headquarters In Port Harcourt

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 397 total views About 49 ex-servicemen, who said they worked offshore for Total E&P Nigeria Limited, protested in Port Harcourt, Rivers State on Wednesday, over what they term ‘forceful retrenchment’ by the oil and gas firm. The protesting legionnaires who carried placards, gathered at the main gate of the company’s headquarters in Port Harcourt, alleging that their salaries were not increased throughout the period they worked for the company. One of the sacked workers, Emuze Emmanuel, wondered why 49 of them were forcefully sent home after serving the company for many…

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VAT Imbroglio: Rights Group Wants Supreme Court To Make Definite Pronouncement Now

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 3,699 total views Peterclaver Egbochue The Coalition Against Corruption and Bad Governance, CACOBAG, has called on the supreme court to, as a matter of urgency, make a definite pronouncement on the Value Added Tax, VAT imbroglio between the Rivers and now Lagos States and the Federal government of Nigeria. Recall that in August, governor Nyesome Wike of Rivers State had gone to the Federal High Court in the state to restrain the Federal Inland Revenue Service, FIRS from collecting VAT in Rivers state and directed the state to start collecting it.…

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