Economy Archives - Page 68 of 71

Jul

12

2021

Open grazing ban: There’ll be no peace – Fulani group warns Southern govs

Economy, News, PoliticsEconomy, Freedom, Herdsmen, Nigeria, Opinion, Politics

A Fulani group, Gan Allah Fulani Development Association, GAFDAN, has warned against the resolution of Southern governors to ban open grazing. GAFDAN said a ban on open grazing would lead to a breakdown of peace between Northerners and Southerners. The group insisted that the decision of the governors would groom hatred between Southerners and Northerners. Southern governors under the umbrella of the Southern Governors’ Forum, SGF, had agreed to ban open grazing in their region. During their meeting in Lagos State, the governors agreed that the ban would take effect from September 1. However, GAFDAN’s National Secretary, Ibrahim Abdullahi, described…

Oct

29

2020

By OHAFIATV

Mark Zuckerberg tells US Congress to upend the internet

Economy, News, PoliticsAmerica, Economy, Facebook, Mark Zuckerberg, Metro, World News

Facebook supports rewriting Section 230, and it’s starting to lay out the changes it wants. That’s the big takeaway from a nearly four-hour grilling of Facebook CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, and Twitter CEO Jack Dorsey. The point was quickly lost in a pre-election political scuffle — but in the coming months, it’ll be one of the most important things to watch. Yesterday, the Senate Commerce Committee held a hearing about Section 230 of the Communications Decency Act, a foundational internet law. The event was supposed to examine whether Section 230 protections — which protect web services and sites of all…

Oct

02

2020

By Amos Oge Kalu

Why Buhari is allowing us take loans – Amaechi

Economy, PoliticsEconomy, Mohammadu Buhari, Next Level, Nigeria, Politics

The Minister of Transportation, Rotimi Amaechi, has said President Muhammadu Buhari has approved for Nigeria to take loans. Amaechi stated this during a special 60th Independence Anniversary programme on Channels Television on Thursday. According to the former Governor of Rivers State, the loans are meant for infrastructural development in several parts of the country. “The President (Muhammadu Buhari) allows us to borrow. We are borrowing to develop and things will change,” he said. Amaechi explained that when crude oil was sold at $120 per barrel, the total amount needed to develop the railway across the 36 states and the Federal…

Jun

30

2020

By Kalu Odinakachi

COVID-19: Nigerian govt finally approves resumption of domestic flights

Economy, Health, PoliticsAfrica, Coronavirus, Economy, Next Level, Nigeria, Politics

The Federal Government has approved the safe resumption of domestic flights across the country nationwide in the next phase of the gradual easing of lockdown ordered to curb the further spread of COVID-19. It also lifted the ban on interstate movement with effect from July 1. The Secretary to the Government of the Federation, SGF, Boss Mustapha, disclosed this on Monday during the daily media chat of the Presidential Taskforce on COVID-19 in Abuja. Mustapha, who is the Chairman of the task force, said: “Maintaining the current phase of the national response, for another four weeks in line with modifications to be…

Jun

15

2020

By OHAFIATV

Importers ‘lose N15tr to pandemic’ in Lagos ports

EconomyAfrica, Coronavirus, Economy, Nigeria

• Scores of cargoes stuck over infrastructure deficit, others • NPA deploys barges for evacuation• Shippers demand concession • Clearing agents decry huge, unpaid demurrages Millions of cargoes are currently wasting away at Lagos seaports owing to poor road infrastructure, bureaucratic processes, and unfavorable government policies. Investigations by The Guardian revealed that many of the cargoes are now incurring high demurrage after enjoying three rent-free days from the time of discharge. The stockpile of containers is also causing serious congestion due to the closure of access roads for repairs, even as lack of cargo scanners has forced the Nigeria Customs…