Panic has continued to grip the international oil market as the price of the Brent crude nose-dived on Wednesday hitting the lowest ebb in the last 17 years amid price war between Saudi Arabia and Russia have to continue unabated coupled with the coronavirus pandemic.
President Muhammadu Buhari and other government officials on the helm of finance of Nigeria have convened a meeting amidst crashing crude oil price. At the meeting were; Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State for Petroleum, Timipre Sylva; and Minister of State, Budget/National planning, Clement Agba.
The Minister of Agriculture and Rural Development, Sabo Nanono says the federal Government is considering banning fish Importation by year 2022 to encourage local production and boost revenue. The Minister made this statement in Abuja when he received a delegation of National Fish Association of Nigeria (NFAN) lead by the president of the Association, Dr. Gabriel Ogunsanya.
President Muhammadu Buhari on Tuesday launched Nigeria’s new visa policy. According to Dailytrust, the policy allows citizens of other countries to visit Nigeria without visas. However, on arrival, the visitor would commence the process of securing a visa for the duration of their stay. President Buhari while speaking at the ceremony, said the policy will improve the business environment, attract Foreign Direct Investment and boost tourism without compromising national security.
Organized labour in Niger state on Monday directed workers in the state to embark on an indefinite strike from February 4, over non-implementation of the new national minimum wage by the state government. According to Vanguard, the directive was contained in a statement jointly signed by Mr Yakubu Garba, chairman, Nigeria Labour Congress (NLC) and his Trade Union Congress (TUC) counterparts Yunusa Tanimu.
The Federal Government is set to this week sign a tripartite agreement with the United States of America (USA) and the Island of New Jersey for the repatriation of $321 million looted by late Head of State, Gen. Sani Abacha. Dr. Umar Gwandu, spokesperson of the Attorney-General of the Federation and Minister of Justice, Justice Abubakar Malami (SAN) made the disclosure in a statement, saying the AGF would sign the agreement during a three-day meeting in Washington DC, on behalf of the Federal Government.