The Executive Governor of Ogun State, Senator Dapo Abiodun has presented the 2021 financial budget before the Ogun State House of Assembly. The governor presented a budget of N339 billion for the 2021 fiscal year. The budget, presented by the Governor, is N110.974 billion, below the 2020 proposed financial budget of N449.974 billion. The Governor stated that the 2021 Appropriation Bill is tagged “Budget of Recovery and Sustainability”, because it features key sectors and budgetary allocations for rapid development of the State. He noted that he investment focus of his government is to gradually bridge the gap in infrastructure and…
Author: Adebimpe A.
The National Agency for Food and Drug Administration and Control has announced to the general public that it has received information from the China Food and Drug Administration against regular consumption of Swiss Alpine Green Tea manufactured by Bio Suisse, Switzerland. NAFDAC stated that the reason for the warning is because of the high phenolphthalein and hydro-alcoholic content in the product which is capable to cause gastrointestinal irritation, nausea, vomiting, diarrhea and other adverse reactions. According to the NAFDAC, Swiss Alpine Herbs Green Tea is manufactured by Biosuisse, Switzerland. NAFDAC has therefore charged consumers to be cautious in the consumption…
The National Agency for Food and Drug Administration and Control has warned the general public against taking more than the recommended doses of diphenhydramine (Benadryl); an allergy medicine. NAFDAC stated that the continuous taking of an overdose of the drug, is capable to cause serious heart problems, seizures, coma, or even death. According to NAFDAC, a tiktok video is currently trending, which is advising people to take an overdose of diphenhydramine. The tiktok video is tagged ‘Benadryl Challenge’. NAFDAC further stated that Diphenhydramine is is used to temporarily reduce symptoms of hay fever, upper respiratory allergies, or the common cold,…
The Manufacturers Association of Nigeria has identified the continued closure of Nigeria land borders as a threat to the Nation’ economy. The NMA said this through it’s national President, Mr Mansur Ahmed who reiterated that the land borders need to be urgently reopened and the re-establishment of the normal protocol and normal trade treaties. Recall that the border was closed in August 2019 and that the Minister of Finance, Budget and National Planning, Zainab Ahmed, recently stated the possibility of reopening the nation’ land borders. In his words, the continued closure of land borders may affect manufacturers who export their…
Following the finalization of the bilateral agreement between the Nigeria- Germany government, the Minister of State For Budget and National Planning, Prince Clem Ikanade Agba, has today commended the German government for its commitment towards the affairs of Nigeria. The Minister described the cooperation between the governments of Nigeria and Germany as one based on mutual trust, respect and understanding. The Minister stated that the bilateral agreement is to address key issues like sustainable supply chains, health and family policy, technology transfer and strengthen private investment with a view to eradicate hunger and poverty. Princ Clem noted that the reform…
The “EatSafe:Evidence & Action Towards Safe, Nutritious Food in Nigeria” initiative was today launched. The programme which had in attendance the Honourable Minister of Health, Dr Ehanire, was launched by the Global Alliance for Improved Nutrition (GAIN). Dr Ehanire commended the Global Alliance for Improved Nutrition (GAIN), for their transformative work in ensuring that safe & nutritious foods are sold across the country. The Honourable Minister stated that he is impressed at the project which is initiated to support the drive for safe & nutritious foods in the country. He as well thanked United States Agency International Development for funding…
In the just concluded 2020 Banker’s Bank of the Year awards 2020, Zenith Bank Plc has emerged as ‘Bank of the Year’ in Nigeria. The Banker Magazine and The Banker, Financial Times Group,announced this yesterday during awards ceremony which took place online. The awards was given subject to each banks’ capacity in delivering returns, and serve their customers well. This award is an addition to the awards the bank have earlier received; Zenith Bank have earlier been honoured as the Most Valuable Banking Brand in Nigeria and the Number One Bank in Nigeria an award which was granted by Tier-1…
The Nigerian Stock Exchange has today charged all brokers and dealers to comply with the ambits of Rule 56 (1&2) (c) of the Rules and Regulations of the Securities and Exchange Commission. The rule no 56 mandates all registered brokers/dealers to disclose to the Commission any dealings starting from 500,000 units in a Security which is carried out in a single or multiple deal. This however applies to single/multiple deals effected by brokers or dealers on the same day on behalf of his clients within the space of 24 hours after the execution of the deal. The Nigerian Stock Exchange…
The Federal Executive Council have approved a sum of N117 billion for rehabilitation of major roads in Nigeria. The bill for the rehabilitation of major roads was approved during the FEC meeting yesterday. The bill for the rehabilitation of major roads was presented among two other bills. A sum of #18, 923,846,198.47 is budgeted to be spent on the first set of roads. The first set of roads to be rehabilitated are kano, jigawa and katsina linking roads, Omo-Umulokpa road, Oye-Oranta road in Anambra state, Okpoko bridge along Benue-Cross River road, Nkumi bridge linking Abia and Enugu States, and Challawa-Nunku…
The President of the Nigerian Medical Association (NMA), Prof Dr Innocent Ujah accompanied by officials of the NMA reportedly paid a courtesy visit yesterday’ to the Speaker, of the Federal House of Representatives, Honourable Femi Gbajabiamila. Professor Ujah thanked the Speaker for his unrelenting support to the Nigerian Medical Association and the medical profession. He as well commended the Chairman;Committee on Health Care Services, Hon Dr Tanko Yusuf Sununu for his support. While speaking the NMA Preident stressed the need to improve health system in the country and the role of the association in collaborating with the government to contain…
The Nigeria Center for Disease Control has yesterday paid a courtesy visit to the University College Hospital Ibadan. This was done by the NCDC with the aim to expand the NCDC laboratories accross the countries. In the course of the visit the Nigeria Center for Disease Control, inspected the “Olayiwola Oluwasola Special Diagnostic Laboratory”, during which they took a survey of the centre. The Chief Medical Director, Prof. Jesse Otegbayo alongside other senior staff of the hospital led the NCDC officials on a guided tour of the diagnostic laboratory. Among the NCDC team was Mr Olajide Martins, an official of…
The Federal Inland Revenue Service has announced that the time limit for waivers of penalties and interest on outstanding taxes arising from desk examinations and audit exercises is December 31. This was made known in a statement made by, the Director, Communications and Liaison Department of the FIRS, Mr. Abdullahi Ahmad. While speaking Mr Ahmad advised taxpayers to fulfill their tax obligations before the expiration of the time limit so as to benefit from subsisting waivers. According to him an order has therefore been released in this respect by the Executive Chairman of the Federal Inland Revenue Service, Mr. Muhammad…
Following the commissioning of the Autogas Scheme by the federal government; the Honourable Minister of State for Petroleum Resources, Timipre Sylva, has identified that the Autogas constitute natural and petroleum gas. The potential price of the autogas was not disclosed; even though Timpire Syva stated that his Ministry under his watch is presently deliberating the price of the autogas. The autogas Scheme which was initiated to create an expansion in gas production nationwide. In the course of the event,the Minister noted that autogas is more economical to use compared to Premium Motor Spirit, also known as petrol. The NNPC autogas…
As the World AIDS Day is celebrated globally today, the Director General of the National Agency for the Control of AIDS, Dr. Gambo Aliyu, said that people can now conduct HIV self-testing at their convenience. Dr Gambo, in a statement signed by NACA’ public relations officer, Mrs. Toyin Aderibigbe, Aliyu made this known in a speech delivered today to commemorate the 2020 World AIDS Day. The programme which was tagged ‘United to end AIDS in the midst of COVID-19: Get tested.’ seems to be a sub-topic to the global theme which is ‘Global Solidarity, Shared Responsibility. In his words the…
In commemoration of the World AIDS Day, the Nigerian Medical Association, has through its national president given a press release. Professor I.O Ujah stated that with the out break of the pandemic, the challenges associated with HIV/AIDS has been dampened, making it critcal for those living with HIV/AIDS. The NMA president described the World AIDS Day as an awakening to the challenges associated with the disease and to display patience in the face of the disease. Professor Ujah stressed the need to create HIV/AIDS awarenesses and ensure the prevention, treatment and care of the disease.
The National Agency for Food and Drug Administration and Control has announced that it has received information that the Chilean Institute of Public Health has issued a warning on the circulation of fake hydroxychloroquine sulphate-based medication, Reumazine tablets. NAFDAC stated that the Reumazine tablet has been circulated in some African countries and the use of this drug pose a threat to health. According to NAFDAC the fake hydroxychloroquine medication is 200mg and manufactured by Instituto Sanitas, with batch number – 0307620/F18705. The product will expire in May 2022. NAFDAC noted that Hydroxychloroquine is used to prevent or treat malaria caused…
The National Insurance Commission, (NAICOM), has given insurance companies in Nigeria, guidelines for windows operations. This was stated in a circular released by NAICOM. In the circular was stated the full guidelines for an insurance company to granted windows operations. NAICOM noted that any insurance company who wants to transact microinsurance business should obtain the commission’ approval. Also the establishment of a microinsurance department in such insurance company must be subject to the insurance company board’s decision and such insurance company shall apply for operational license. NAICOM mandated that the microinsurance department must be overseen by someone who has attained…
The Central Bank of Nigeria, has announced that it has made an amendment to the the receipt of diaspora remittances. The apex Bank stated this in a post released on its page. Following the amendment, people who are beneficiaries of diasporal remittances through the International Money Transfer Operators will now receive such through US Dollars in the bank of their choice. According to the Apex bank, the beneficiaries will have to decide whether to receive the remittances in cash or it be paid into their domiciliary accounts. CBN noted that, this is been done to expand the foreign exchange market…
The Nigerian Stock Exchange have announced the the migration of four companies from the securities market. The four companies are Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc who migrated from the Alternative Securities Market to the Nigerian Stock Exchange Growth Board and the launch of the associated Growth Board Index. This was done in respect of the applications made by the four companies in which they requested to migrate from the Alternative Securities Market to the Nigerian Stock Exchange Growth Board, and subject to approval by the National Council of The Exchange. The Nigerian Stock…
The Federal Ministry of Health has given update on the just concluded national presentation, ministerial launch & dissemination of the National Health Promotion Policy. Present at the event were heads of different ministries at the federal level. In his remarks the Honourable Minister for Health, Dr E.O Ehanire described the event which was done to launch and disseminate the 2019 revised National Health Promotion Policy 2019 and its strategic policy documents as a timely and desirable one. The Honourable Minister stated that the ministry of health is not only concerned about treating illness but attaining & sustaining health of citizen…