Bitcoin slid by 21% between Sunday and Monday to as low as $32,389 after hitting a record high above $41,000. The bearish movement has made the digital currency suffer its biggest two-day decline since March 2020 and this is beginning to raise concern among investors that the polarizing cryptocurrency boom may run out of steam.
The Federal Government and Organised Labour have slated December 7, 2020, to reconvene in a bid to continue their dialogue over the increase in fuel price as well as the proposed electricity tariff adjustment. This was made known by Senator Chris Ngige, Minister of Labour and Employment during a media briefing on Thursday at the State House Banquet Hall, Abuja.
The Federal Government in efforts to control the negative impact of trans-boundary pests on crops has approved an N13 billion intervention fund to also boost agricultural activities. The pest control project in 12 northern states of the federation is aimed at enhancing the national food security amidst the COVID-19 pandemic.
The Nigerian National Petroleum Corporation (NNPC) has allayed fears of possible petrol scarcity brought to bear by ongoing disagreement between the Federal Government and oil workers under the auspices of Petroleum and Natural Gas Senior Staff Association (PENGASSAN), over the implementation of the Integrated Payroll and Personnel Information System (IPPIS). Dr. Kennie Obateru, NNPC spokesman, in a statement, on Tuesday, in Abuja assured that the industrial action would not lead to non-availability of petroleum products at fuel stations and depots.
President Muhammadu Buhari has yesterday assured the embattled president of the African Development Bank (AfDB) in his quest for his re-election to occupy the office, saying “Nigeria is solidly behind you”. Buhari gave the assurance when he hosted Mr Adesina at the statehouse Abuja who was on a courtesy visit. Mr President reiterated his stance to Adesina that Nigeria in collaboration with other African leaders would rally round him to ensure he actualises to ambition especially that his past record is anything to go by.
In line with the determination of President Buhari to fulfil his promise of metering all Nigerian consumers of electricity and end estimated billing, free distribution of electricity meters will commence today abreast with the inauguration of the scheme in Eko, Ikeja, Kano and Kaduna electricity distribution companies. A source in the presidency who spoke o condition of anonymity stated that this free distribution would be carried out under the banner of ‘National Mass Metering Programme”.
The Nigeria Centre for Disease Control, NCDC, on Friday night confirmed 340 new cases of Coronavirus in Nigeria. Data by NCDC revealed that the latest cases were confirmed in 19 states across the country. Kaduna has the highest number with 63, followed by the Federal Capital Territory, FCT, with 51 and Plateau State with 33. States that made up Friday’s figure include Plateau-38, Lagos-33, Delta-25, Gombe-21, Adamawa-21, Edo-20, Katsina-17, Akwa Ibom-11, Ekiti-10, Rivers-9, Ondo-5, Ebonyi-4, Cross River-3, Ogun-3, Sokoto-2, Imo-2 and Nasarawa-2.
The Nigerian Governors' Forum (NGF) has on Sunday disclosed that state governments would receive $2.5 million performance-based grants as an incentive for implementing tax relief programmes for businesses and individual taxpayers in a bid to ease the impact of the COVID-19 pandemic. This was made known in a statement issued by Abdulrazaque Bello-Barkindo, Head of Media and Public Affairs of the NGF Secretariat in Abuja following a virtual meeting between the forum and the World Bank, adding that the grant will be given to states that met required conditions for the tax relief.
On Thursday, 30th January 2020, Federal Government disclosed that only University lecturers captured on the Integrated Personnel Payroll Information System (IPPIS) will be paid for January 2020 salary. The Government added that payment of the tertiary institutions’ lecturers will begin today, Friday, 31st January 2020.