Nigeria Economic Sustainability Plan (NESP)

The Nigeria Economic Sustainability Plan (NESP), approved by the Federal Executive Council (FEC) on June 24, 2020, was developed by the Economic Sustainability Committee (ESC), established by President Muhammadu Buhari on March 30, 2020. Chaired by Vice President Yemi Osinbajo, the ESC comprised several Cabinet Ministers as well as the Group Managing Director of the NNPC and the Governor of …

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500 airline Staff test positive of Coronavirus

About 500 employees of Atlanta-Based Delta Airline have tested positive for coronavirus. The CEO Ed Bastian, confirmed this during the company’s annual shareholder meeting. He added that ten employees have also died from the virus. Bastian said, “We lost ten employees to the Coronavirus, every one of them breaks my heart. “Among other 500 employees who contracted the virus, the …

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Brazil stops WhatsApp Digital Integration Payments

Brazil’s central bank said Tuesday it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive. Brazil, which has the second-most WhatsApp users worldwide after India, was the pilot country for the platform’s new integrated payments feature, which it launched on June …

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FAAN relocates HQ from Lagos to Abuja

The Federal Airports Authority of Nigeria (FAAN) said it has relocated its headquarters to Abuja. The General Manager, Public Affairs, Mrs Henrietta Yakubu, made this known in a statement on Tuesday, adding that the decision was in compliance with the Federal Ministry of Aviation’s directive that agencies in the sector relocate their headquarters to Abuja. Yakubu said the new development …

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FAAC announce highest First Quarter Revenue in six years amidst COVID-19 crisis

The three tiers of government have today received allocated funds from the Federation accounts allocation committee for the first quarter of 2020.  According to the quarterly review released by the Nigeria Extractive Industries Transparency Initiative (NEITI) the disbursement was the highest first-quarter disbursements since 2014. The three tiers of government received N1.95 trillion in the first quarter of 2020. A …

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The Minister of Agriculture and Rural Development, Sabo Nanono, has directed all state and zonal coordinators to commence documentation of agricultural assets across the country.  Nanono gave the directive at a meeting on monitoring and evaluation of 2019 projects today in Abuja.  The minister, who noted that there were several agricultural assets, ranging from lands and buildings, lamented that many …

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