It was made known that the Federal Government has granted the introduction of 14 days paternity leave for public servants. This approval which was done at the federal Executive Council (FEC) meeting, is to allow fathers to properly bond with newborn babies or foster or adopted children. This was established by the Head of Service of the Federation, Folashade Yemi-Esan, while briefing State House correspondents after the FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. Yemi-Esan also said that the annual leave would henceforth be calculated based on working days instead of…
Author: Temitope N.
The Nigerian Investment Promotion Commission (NIPC) has come out on top out of 213 Ministries Department and Agencies (MDAs) ranking on access to Freedom of Information (FIO). This was made known in a report by the Public and Private Development Center (PPDC), on Tuesday in Abuja, which indicated that NIPC emerged winner with 68.5 points, according to NAN. Other MDA’s that finished in the top 5 include the Bureau of Public Service Reforms (BPSR) which came 2nd with 60.5 points; National Orientation Agency came 3rd with 51 points, Nigerian Export Promotion Council (NEPC) came 4th with 48.5 points and Accident…
The Corporate Affairs Commission (CAC) on Wednesday, announced that it has successfully finalized the incorporation of Nigerian National Petroleum Company (NNPC) Limited in accordance with the provisions of the Petroleum Industry Act (PIA), 2021 which was signed into law by President Muhammadu Buhari on August 16. This was established shortly after President Buhari ordered the incorporation of NNPC Limited in his capacity as the substantive Minister of Petroleum. Specifically, Section 53(1) of the Petroleum Industry Act 2021, requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within 6 months of the enactment of the…
The Federal High Court, Abuja has discontinued the Economic and Financial Crimes Commission (EFCC) from retrying former Abia Governor, Senator Orji Uzor Kalu. The court has put an end to the reopening the trial of Kalu on the N7.1 billion money laundering charge brought against him by the EFCC. According to the News Agency of Nigeria, the order was given by Justice Inyang Ekwo while delivering judgment in an application filed by the former governor seeking an order of the court prohibiting the EFCC from retrying him on a charge for which he had already been tried and convicted. In…
President Muhammadu Buhari has approved operating licenses to 159 companies, communities and institutions of higher learning to operate radio and television stations. This was made known by a statement issued by the Director-General, National Broadcasting Commission (NBC), Malam Balarabe Ilelah, on Tuesday in Abuja, according to the News Agency of Nigeria. The commission was established by the NBC ACT, Cap. N11, Laws of the Federation 2004 with the mandate to regulate and control broadcasting in Nigeria. Today, there are a total of 625 functional broadcast stations in Nigeria.’’ The NBC boss said that the newly-approved licenses were the Federal Polytechnic…
The anticipated digital currency website of the Central Bank of Nigeria, eNaira, has come up live on the internet. The eNaira website welcomes m a message which reads, “eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. eNaira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money. There are several benefits from a central bank-issued digital…
This was disclosed through an information stating : “Infringement of Trademark & Violation of Corporate Name cease and desist Notification to the Central Bank of Nigeria.” The notice was signed by Olakule Agbebi Esq for Olakule Agbebi & Co . This development comes in shortly after deployment of the Centre Bank Enaira website and days away from the activation of the eNaira itself. According to the Notification from the solicitor, his client “ENAIRA PAYMENT SOLUTIONS LIMITED (RC 508500)” has been incorporated since 7th April 2004 registered in class 36 and class 42. It stated that the launch of the eNaira is…
It has been discovered that the price of Engine oil also known as lubricant has skyrocketed by over 70% between January and September 2021 after research had been carried out. Specifically, the price of a 4-litre gallon of Mobil 5W30 (semi-synthetic) formally sold for N9,000 at the beginning of the year, now sells within the range of N15,000 and N16,000 while the full synthetic increased to an average of N32,000 from N20,000. The rise in the cost of lubricants across the country has been attributed to the scarcity of base oil in the global market, which is a major raw…
The Brent oil futures, approaching the $80 mark amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. The global benchmark, the Brent crude is up 1.22%, currently trading at $78.17 a barrel. This comes after gaining for the third consecutive week through Friday. U.S. benchmark, the West Texas Intermediate (WTI) is bullish at 1.22% to $74.88 a barrel, near its highest since July, after rising for 5 straight weeks. In an interview with Bloomberg, Jeff Currie explained that the tightening of gas supplies in Europe will elevate the demand for oil…
The world’s largest cryptocurrency exchange by volume, Binance, has announced that it will stop its users in Singapore from accessing certain functions on its trading platform. These functions include fiat deposit services, spot trading of cryptocurrencies, the purchase of cryptocurrencies through fiat channels and liquid swap. The statement which was released by Binance read, “As the market leader, Binance constantly evaluates its product and service offerings. We will be restricting Singapore users in respect of the Regulated Payments Services in-line with our commitment to compliance.” The statement further encouraged Singapore users to cease all related activities as it relates to…
The authorities of china have seized over 10,000 crypto mining rigs from a retail park in Inner Mongolia. This is however the first bust carried out by China’s National Development and Reform Commission (NDRC) since the government intensified its clampdown on crypto trading and mining some days back. It was disclosed on Monday that the authorities received an anonymous tip-off on a crypto mining operation going on in a retail park warehouse in Inner Mongolia. Officials were swift to respond and were at the site, discovering 10,100 mining rigs that were eventually confiscated. It was also stated that the power…
After research shown the increase in death rate in Nigeria, the researchers concluded that the deaths, which are poorly investigated, are due to heart disease also known as cardiovascular disease. Heart disease is a significant public health concern responsible for 11 per cent of over two million Non-communicable Disease (NCD) deaths in Nigeria yearly. It is also responsible for a high burden of morbidity and disability. Most people with CVDs are not aware until catastrophes like stroke, heart attack or death occur. The economic burden of NCD’s on families and Nigeria, in general, is significant because the cost of treatment…
It has been observed that there have been concerns over a worldwide clampdown on the unvaccinated, waning COVID-19 vaccine immunity after six months of the administration of the vaccine. Reports also have it that developed nations like United Kingdom (U.K.) and United States (U.S.) have said that people that were vaccinated in Africa would be considered as unvaccinated. The scenario has raised questions: What are the implications and possibilities in Nigeria? What about the possibility that the vaccines are not sufficient? A consultant virologist and chairman, Expert Review Committee on COVID-19, Prof. Oyewale Tomori spoke on the issue, saying “Those…
The nine-point agenda by the President Muhammadu Buhari is aimed to propel the country towards reaching universal health coverage when “all individuals and communities receive the health services they need without suffering financial hardship”. DDr Osagie Ehanire, who is the minister of health, has highlighted the agenda to include implementation of mandatory universal health insurance in collaboration with state governments and the Federal Capital Territory (FCT) Abuja administration; operationalization of the basic health care provision fund in collaboration with partners and agencies; recruitment and deployment of 50,000 community health extension workers; revamping federal teaching hospitals across the country and collaboration…
The Association of Hospital and Administrative Pharmacists of Nigeria (AHAPN) says it’s totally disappointed that some health institutions in Nigeria are yet to integrate pharmacists into their patient management teams. The association hence informed such healthcare institutions to set in motion the movement that they take care of the situation, adding also that such has become the gold standard of practice of pharmacy all over the world. In a communique after its 22nd Annual National Scientific Conference at De-Peace Hotel & Suites, Ilorin, Kwara State, AHAPN commended the Board of Management of University College Hospital, Ibadan for being a trailblazer…
CPAN stated that pharmacies should be used as immunisation centres just like in countries with better sector performanc e.g UK, Ghana e.t.c Ahead of World Pharmacists Day (WPD), pharmacists under the aegis of Clinical Pharmacists Association of Nigeria (CPAN) have established that the absolute lack of adequate pharmaceutical care in health facilities is almost majorly responsible for Nigeria’s low health index.” The celebration is titled “Pharmaceutical Care is The Right of Every Nigerian”. WPD is celebrated yearly on September 25th. National Chairman, CPAN, Dr. Joseph Madu, explained that it is indisputable that majority of patients/clients who visit healthcare facilities…
The Ekiti State government alarmed the state of the outbreak of cholera after the discovery of five suspected cases in Moba local council of the state. A statement in Ado Ekiti, yesterday, by the Commissioner for Health, Dr. Banji Filani, said the Ministry of Health had put in measures cholera surveillance to pick up any suspected case early and consequently mitigate the outbreak. Filani warned of a possible outbreak in other local councils of the state, urging the people to exhibit proper hygiene. He said: “On September 19, 2021, five suspected cases of cholera were reported in Moba Local Government…
The price of Twitter’s shares, has gained approximately 3.80% to currently stand at $66.69 per share as of the time of writing this report as it was being traded on the New York Stock Exchange (NYSE). This gain comes shortly after the social media giant announced in a blog post that its tipping feature on its platform will include more payment options, also Bitcoin payments. Twitter, announced yesterday that it partnered with Zap’s very own payment application, Strike to foster Bitcoin tipping payments on its platform, the share price of Twitter surged by nearly 4%. Zap’s CEO, Jack Mallers wrote…
Instead of investing in Bitcoin futures, large-scale investors are turning to Ethereum futures as predictions for the world’s largest cryptocurrency softens, pushing the leading altcoin above the $3,000 price levels once again. Bitcoin futures traded lower in September than the initial price of a Bitcoin The CME futures contracts used by institutional investors to gain exposure to bitcoin show weak demand, which is a setback for bitcoin. The price of futures is usually higher than the value of Bitcoin in healthy markets. As a result of high Bitcoin storage costs and lucrative returns available to passive crypto investors, futures prices…
The United States Attorney’s office of recent filed a civil complaint accusing four digital wallets containing more than 9.8 million Tether (USDT) of being in on a wire fraud, computer fraud, and money laundering. The complaint was led by U.S. Attorney, Tracy Wilkinson. In April 2021, a California resident was swindled out of over 200 Bitcoin (BTC) by someone pretending to be a Coinbase employee, court documents stated. It appears that the unidentified victim, shortly after buying some 200 BTC on Coinbase Pro, was contacted by Coinbase customer service. An alleged representative of the platform told the victim that the…