Investors, tourists to get visas within 48 hours — FG

Aminu Imam
FG approves

The Federal Executive Council, (FEC), chaired by President Bola Tinubu, has approved the streamlining of visa processes and acquisition for investors, tourists, who would find it easy to acquire a visa within 48 hours. Minister of Information and National Orientation, Mohammed Idris, revealed this yesterday, after the FEC meeting, which was held at the Council Chambers of the Presidential Villa, Abuja. Consequently, the Council approved the establishment of a tripartite committee to streamline visa processes and acquisition for investors interested in investing in Nigeria. According to the Minister, “Our visa processes…

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CBN names 11 pre-shipment agents for crude oil, gas exports

Aminu Imam
advisors reports 1

Eleven pre-shipment monitoring and evaluation agents have been designated by the Central Bank of Nigeria (CBN) for Nigerian oil and gas exports. The appointment was announced by the Director, Trade and Exchange Department of the apex bank, in a circular dated May 13, 2024, and it took immediate effect. According to the circular, there would be 9 pre-shipment inspection agents and two monitoring and evaluation agents. The list of the nine Pre-Shipment Inspection Agents from the circular are: Neroli Technologies Limited: Qua Iboe, Forcados, and Bonny; Holborn Oil and Gas…

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NYSC: FG to empower 5,000  members with N10m each

Aminu Imam
NYSC members

The Federal Government has announced plans to empower at least 5,000 members of the National Youth Service Corps (NYSC) with N10 million each to fund their entrepreneurial ventures after they complete the NYSC programme. This was disclosed by the Minister of Youth Development, Dr. Jamila Ibrahim, during the opening ceremony of the inaugural meeting of the NYSC management with heads of Corps Producing Institution (CPI) in Nigeria, which was held on Monday, in Abuja. Ibrahim mentioned that this funding plan aligns with the upcoming NYSC reforms and is separate from…

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EFCC files fresh charges against Emefiele over printing of Naira notes

Aminu Imam
Emefiele EFCC

The Economic and Financial Crimes Commission (EFCC) has brought a fresh four-count charge against Godwin Emefiele, the former governor of the Central Bank of Nigeria, (CBN). The charges, which include accusations of “illegal” printing of naira notes, will be heard by a judge at the Federal Capital Territory (FCT) High Court, today, Wednesday. According to the charge sheet, the EFCC alleges that Emefiele “disobeyed the direction of law with intent to cause injury to the public” by approving the printing of naira notes without “strict approval” from former President Muhammadu…

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Tinubu directs MDAs to procure CNG vehicles

Aminu Imam
Tinubu CNG

President Bola Tinubu has directed all government Ministries, Departments, and Agencies, (MDAs) to purchase compressed-natural-gas-powered vehicles. Presidential spokesman Ajuri Ngelale said this in a statement issued on Monday. “In line with his commitment to ensure energy security, drive utility, and cut high fuel costs, President Bola Tinubu has directed the mandatory procurement of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies”, Ngelale said. According to him, the move is part of the country’s efforts to transition to cleaner energy as CNG-enabled vehicles have been adjudged to produce lower emissions,…

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Akpabio seeks urgent implementation of Oronsaye Report

Aminu Imam
Akpabio

Senate President, Godswill Akpabio has called for the immediate implementation of the Stephen Oronsaye Report, which proposed the scrapping of certain government agencies to reduce the burgeoning cost of governance. President Bola Ahmed Tinubu had set up an 11-member committee to oversee the execution of the recommendations outlined in the Oronsaye Report. Addressing a dialogue on the cost of governance organized by the National Institute for Legislative and Democratic Studies (NILDS) in Abuja on Monday, Akpabio said the overhead costs of appointive public officials and the salaries and allowances of…

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2027: Ohanaeze Ndigbo against negotiations for Igbo VP slot

Aminu Imam
Ohaneze VP slot

Secretary-General of the apex Igbo socio-cultural group, Ohanaeze Ndigbo, Okechukwu Isiguzoro, has described as unacceptable suspected moves to negotiate having a South-East governor as running mate to a Northern presidential candidate in the 2027 elections. He said that clandestine activities aimed at negotiating alignment with the Igbo and Fulani leaders to position an incumbent South-East governor as the running mate to a Northern presidential candidate is without endowment of well-meaning Southern people.  In an issued press statement made available to newsmen, he stated that, “This strategic move seeks to exploit Northern discontent…

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National Cake scramble: “Citizens have to take back the country” – Pat Utomi

Aminu Imam
Pat Utomi

…Says a political party cannot save Nigeria A professor of political economy, Pat Utomi, has said a political party cannot save Nigeria from its current situation, urging citizens to take back the country. Utomi said this during an interview on a television programme on Monday, stating that the Nigerian political class destroyed the future of the country. “Politicians cannot save you in Nigeria; a political party cannot save you, citizens have to take back their country. That’s the truth of the matter,” the former presidential candidate said. Utomi said Nigerian…

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Electricity tariff hike: NLC, TUC picket DisCos offices nationwide

Aminu Imam
NLC TUC

…Says new tariff capable of destroying Nigeria’s economy Organised Labour, under the umbrella of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) yesterday stormed offices of electricity distribution companies (DisCos) and the Nigeria Electricity Regulatory Commission (NERC) nationwide to protest against the recent hike in electricity tariff. NLC President, Joe Ajaero, who led the protest at NERC ’s headquarters in Abuja, said Nigerians are currently wallowing in power poverty, given the abysmal low supply of electricity. Recall that the NLC, TUC and their affiliates, vowed to ground…

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‘Interest rates to remain high until inflation rate falls’ – Cardoso

Aminu Imam
CBN gov, Cardoso

… Reiterates commitment to monetary stability Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, had said interest rates would remain high until inflation rate comes down. Cardoso, who stated this in a Financial Times report yesterday.  also said orthodox policies would be implemented to tame inflation, said there is “every indication” that MPC would “do whatever is necessary” to rein in inflation. The CBN boss said, “They will continue to do what has to be done to ensure that inflation comes down. “Let’s face it: for a long period…

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