Business – Precise Post

N13.08trn Appropriation: Buhari’s 2021 Proposed Budget Violates Fiscal Responsibility Act – Atiku

October 10, 2020October 10, 2020 - by Editor - Leave a Comment

By Chris Udochukwu Abuja (Precise Post) – The Presidential candidate of the Peoples Democratic Party in 2019 general election, Atiku Abubakar has said that the 2021 proposed budget of N13.08trillion presented to the joint session on the National Assembly by President Muhammadu Buhari violated the Fiscal Responsibility Act of 2007. Precise Post recall that Buhari had presented the proposed 2021 budget to the joint session …

Cabotage Registration: NIMASA Issues 3-Month Ultimatum To Companies In Nigeria

October 4, 2020October 4, 2020 - by Precise Post - Leave a Comment

By Chiazo OgboluLagos (Precise Post) – The Nigerian Maritime Administration and Safety Agency (NIMASA), has issued a three-month ultimatum to companies engaged in Cabotage services in Nigeria, to register all vessels used in coastal and inland waters for such operations. Mr Philip Kyanet, Head, Corporate Communications, NIMASA, issued the ultimatum in a statement on Sunday in Lagos. Kyanet said that in addition to the registration …

e-learning: AfDB Partners FG, Microsoft; 16,000 Users Register in One Day

October 2, 2020October 2, 2020 - by Editor - Leave a Comment

Francis Etuko Abuja (Precise Post) – No fewer than 16,000 users have registered within 24 hours of launch of the Digital Nigeria eLearning Platform, set up by the African Development Bank, (AfDB) in collaboration with the Federal Government and Microsoft on Monday. Nearly 6,000 of registrants had completed at least one training course and earned a certificate. The platform is to provide marketable digital skills …

No Plan to Scrap NNPC But to Be Commercialised – Sylva

September 29, 2020September 29, 2020 - by Editor - Leave a Comment

By Chris Udochukwu Abuja (Precise Post) – Minister of State for Petroleum Resources, Timipre Sylva, provided insights into the PIB sent to the senate two weeks ago by the executive, even as he debunked media reports that the scrapping of NNPC is one of the items proposed in the bill. Speaking with journalists after the closed-door meeting, Sylva said the country’s oil corporation will only …

NDIC Academy Re-certifies as Training Provider for Banking Institution – CIBN

September 27, 2020September 27, 2020 - by Editor - Leave a Comment

By Ogechi Okorie Abuja (Precise Post) – The Nigeria Deposit Insurance Corporation (NDIC) Academy has been re-certified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years. This was contained in a statement signed by Mr Sunday Oluyemi, the Director, Communication & Public Affairs of NDIC in Abuja on Sunday. He said the recertification …

NPA Says 20 Ships Discharging Petrol, Frozen Fish Others at Lagos Port

September 21, 2020September 21, 2020 - by Editor - Leave a Comment

Lagos (Precise Post) – No fewer than 20 ships at the Lagos ports were discharging petroleum products and food stuff, the Nigerian Ports Authority (NPA) said on Monday. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to newsmen in By Lagos. It listed the contents of the ship as general cargo, containers, bulk wheat, petrol, frozen …

How Maritime Bank Will Develop African Economy – Amaechi

September 15, 2020September 15, 2020 - by Editor - Leave a Comment

By Ogechi Okorie Abuja (Precise Post) – Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi has said that Maritime Bank will develop African economy and that Nigeria would proceed with the Regional Maritime Development Bank Project if only the two-third of member states accept the decision reached by the Maritime Organisation of West and Central Africa(MOWCA). Amaechi disclosed this when he declared-open the meeting of …

COVID-19: Saudi Arabia Set To Ease International Flight Restrictions On Tuesday

September 14, 2020September 14, 2020 - by Precise Post - Leave a Comment

Saudi Arabia (Precise Post) – Saudi Arabia will partially lift its suspension on international flights from Tuesday, the interior ministry said, six months after travel curbs were imposed due to the coronavirus pandemic. The kingdom will end all restrictions on air, land and sea transport for Saudi citizens “after January 1” next year, the ministry added on Sunday, adding that an exact date will be …

Insecurity: Ban On Tricycles (Keke) Begins Today In Kaduna

September 8, 2020September 8, 2020 - by Precise Post - Leave a Comment

By Mohammed Tijjani Kaduna (Precise Post) – The Kaduna State Traffic Law Enforcement Authority (KASTLEA) has commenced the of restrictions on tricycles operations on some major roads in Kaduna. The Corps Marshal, KASTLEA, retired Major Garba Rimi, told the News Agency of Nigeria (NAN) on Tuesday in Kaduna, that the ban came into effect on Sept. 8. He said any tricycle operator found plying Kawo-Ali …

Ghana Begins GH QR Code Deployment With 6 Banks

September 8, 2020September 8, 2020 - by Precise Post - Leave a Comment

Ghana (Precise Post) – Six banks in Ghana have initiated services to allow the public pay for goods and services through the universal Gh QR code. The banks are Ecobank, GCB Bank, Zenith Bank, Bank of Africa, Fidelity Bank and Agriculture Development Bank. The remaining banks are still in the process to enable them to begin the rollout. Mahamudu Bawumia, Vice President of Ghana, launched …

FX Obstruction: Banks to Maintain ‘Post No Debit’ Status On 38 Companies Account – CBN

September 6, 2020September 6, 2020 - by Editor - Leave a Comment

By Chris Udochukwu Abuja (Precise Post) – Following observation that gaming companies were allegedly disrupting FX market, the Central Bank of Nigeria has directed all banks to place 38 companies’s account including several gaming and sports betting companies, on post-no-debit with immediate effect. The order was contained in a circular signed by Bello Hassan, CBN’s director of banking supervision. The CBN gaming companies were allegedly …

Anti-tracking Tool: Apple Delays Debut in iPhone Software

September 4, 2020September 4, 2020 - by Editor - Leave a Comment

SAN RAMON, Calif. — Apple is delaying a new privacy feature in the next version of its iPhone operating system that will make it more difficult for app makers to track people online to help sell digital ads. The decision outlined Thursday affects iOS 14, which is expected to be released as a free software upgrade to roughly a billion iPhone users later this month. …

Investment: Finally, KKR Buys €1.8bn Stake in Telecom Italia’s Last-mile Network

September 1, 2020September 1, 2020 - by Editor - Leave a Comment

….US Group Acquires 37.5 per cent of FiberCop at ‘Turning point’ for National System Rome (Precise Post) – US private equity group KKR has bought €1.8bn stake in Telecom Italia’s last-mile network. Telecom Italia’s board approved the sale of a minority stake in its secondary network to US private equity group KKR for €1.8bn, after delaying the decision earlier this month at the government’s …

Economy: Subsidy Returns as NNPC Pays N5.4bn

August 30, 2020August 30, 2020 - by Editor - Leave a Comment

Abuja (Precise Post) – The Nigerian National Petroleum Corporation, NNPC, weekend, said it incurred N5.35 billion as under recovery in June. Under-recovery, also known as subsidy, occurs when the pump price of petrol is lower than the actual cost price of the commodity. In this case, the NNPC, through its subsidiary, NNPC Retail or through oil marketers, sell the product to motorists at a particular …

Ease of Doing Business: Nasarawa to Establish Portal for Complaints and Feedbacks

August 29, 2020August 29, 2020 - by Editor - Leave a Comment

By Chris Udochukwu Lafia (Precise Post) – Nasarawa State Government has concluded plans to set up a portal where complaints about activities of government agencies and officials, will be processed and feedbacks received in its bid to enhance ease of doing business. The State Attorney-General and Commissioner for Justice, Associate Professor Abdulkarim Abubakar Kana, disclosed this while briefing the media, shortly after the monthly state …

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