Author: admin@theprimetimes

Nigeria’s Attorney-General of the Federation (AGF), Abubakar Malami, has opposed the southern governors’ decision to ban open grazing in their states. Malami said such ‘unconstitutional’ resolution is dangerous for the country. “It is a dangerous provision for any governor in Nigeria to think he can bring any compromise on the freedom and liberty of individuals to move around,” Malami said during an interview on Channels Television‘s Politics Today programme on Wednesday. “It is about constitutionality within the context of the freedoms expressed in our constitution. Can you deny the rights of a Nigerian? “For example, it is as good as…

An All-in-One Platform for Producing and Monetizing Interactive Virtual Events and Conferences Zoom Video Communications Inc.  Wednesday announced Zoom Events, an all-in-one platform with the power to produce interactive and engaging virtual experiences, available this summer. Zoom Events combines the reliability and scalability of Zoom Meetings, Chat, and Video Webinars in one comprehensive solution for event organizers, with the ability to produce ticketed, live events for internal or external audiences of any size. In a statement signed by Zoom Public Relations Farshad Hashmatulla, Product PR Manager and made available to ThePrimeTimes noted that “Zoom Events offers something for a variety…

• IEA calls for end to fossil fuel investments with the launch of decarbonisation roadmap• Osinbajo canvasses equitable global energy transition for developing countries• Stakeholders raise fresh concerns over continuous dependence on hydrocarbon• Removal of subsidy, refinery rehabilitation, gas economy sacrosanct, minister insists Mounting global advocacy aimed at halting all-new Final Investment Decisions (FIDs) for fossil fuels, especially oil and gas may create serious hurdles for new fields development as over $150 billion worth of projects risk getting stranded in Nigeria. Investments in new fossil fuel projects will need to stop immediately if the world is to limit global warming to…

• FG wades into NLC/Kaduna face-off• Governor sacks Kaduna University lecturers, nurses• TUC, NUPENG put members on red alert for a national shutdown• Electricity workers consider shutting power installation nationwide• APC governors, Shehu Sani, SERAP, others urge el-Rufai to resolve the dispute The Federal Government, yesterday, sued for peace in the industrial dispute and picketing in Kaduna State by the Nigeria Labour Congress (NLC), which has crippled economic activities in Kaduna. The government appealed to the parties to return to dialogue to end the industrial dispute. Labour’s five-day warning strike to protest the sack of workers by Governor Nasir el-Rufai entered…

UNDP ex-consultant cautions President against sinking Nigeria President Muhammadu Buhari, yesterday, wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion. Titled “Request for the resolution of the National Assembly to the implementation of the new external borrowing of N2.343 trillion, which is about $6.183 billion in the 2021 appropriation Act” and addressed to the Speaker of House of Representatives, Femi Gbajabiamila, the President explained that the fund would be sourced from multiple avenues, including multilateral and bilateral lenders, as well as the International Capital Market (ICM) via…

The Federal Government, yesterday, confirmed receipt of £4,214,017.66 million recovered from former Governor James Ibori of Delta State. The Attorney General of the Federation and Minister of Justice, Abubakar Malami, who made the confirmation, said the money had been credited into a designated Federal Government account via naira since May 10. He had signed a memorandum of understanding (MoU) for the repatriation, noting that the development was in line with the current administration’s posture to sustain the country’s reputation as being one that deployed recovered assets to the execution of people-oriented projects. Since the pact for repatriation of the funds,…

President Muhammadu Buhari has called on European countries and global financial institutions to consider reducing the devastating effect of the COVID-19 pandemic on African economies by restructuring debt portfolios and providing complete debt relief. The president made the call at the Financing Africa Summit held at the Grande Palais Ephemere in Paris, France, on Tuesday, with the theme: “External Financing and debt Treatment”. He observed that many African countries were already experiencing debt distress and the debt service suspension by France and the G-20 was not far-reaching enough. Buhari added that there was a need for more sustainable and affordable…

Nigerian authorities Tuesday said the state funds looted by the former governor of Delta State James Ibori, has returned to the country.x Nigeria’s Minister of Justice, Abubakar Malami, said in a statement by his spokesman, Dr Umar Jibrilu Gwandu, that a total of £4,214,017.66 of the loot associated with the family members of former Delta State governor has been received. According to the statement, the amount was credited into the designated the Nigerian Government account with naira equivalent value of the amount as of 10th May, 2021. Malami had earlier signed Memorandum of Understanding for the repatriation of the Ibori…

French President Emmanuel Macron Tuesday hosts African leaders and chiefs of global financial institutions for a summit meeting that will seek to provide Africa with critical financing swept away by the Covid-19 pandemic. Africa has so far been less badly hit by the pandemic than other global regions — with a total of 130,000 dead across the continent. But the economic cost is only too apparent, with the International Monetary Fund warning in late 2020 that Africa faces a shortfall in the funds needed for future development a financial gap of $290 billion up to 2023. A moratorium on the…

• SPV created to spearhead implementation  A newly unveiled national policy for the promotion of indigenous content in Nigeria’s telecommunications sector has urged telecoms firms in the country to institute clear succession plans for senior management positions with conscious actions at building the capacity and providing an opportunity for indigenes to excel within the larger operators.The new policy unveiled by President Muhammadu Buhari is in line with his administration’s commitment to ensure that Nigerians become active participants in the different sectors of the economy.The policy, sighted by The Guardian, addresses the pertinent areas including manufacturing, services, people, research and development. According…