Business

Nigerians to pay N5000 for National ID Card, N3000 for renewal, says Govt [SEE REACTIONS]

Earlier today the National Identity Management Commission made an announcement that getting a new National ID card will cost #5,000 and renewal will cost #3,000. Well, it seems most Nigerians are not welcoming the idea and have taken to social media space to call out the Nigerian government. Here are some of their reactions as obtained by NEWS FLAKES NG:- [Read]

Budget 2020: “I Am Suffering From Cold Due To Hardwork” – Buhari To NASS

ABUJA – President, Muhammadu Buhari on Tuesday lamented he’s suffering from cold because of hard work to move the nation forward. The president, who was addressing the joint session of the National Assembly while presenting the 2020 budget said his cold was due to national assignment. NEWS FLAKES NG gathers that immediately after observing protocols and before presenting the details of the bill, the President apologised for his voice. [READ ALSO] Buhari Presents N10.73 trillion 2020 Budget To NASS, Pegs Oil Benchmark At $57 He said, “Before I proceed to read the details of the budget, let me apologise for my voice. As you can hear in my voice, I [Read]

No harm in introducing communication tax – FIRS chairman

– Babatunde Fowler said Nigerians talk more than required on phone – The FIRS chairman said there is nothing wrong in introducing a communication tax – Fowler said this tax can go into improving education like in Ghana Babatunde Fowler who is the chairman of the Federal Inland Revenue Service (FIRS) has said that there is nothing wrong in introducing a communication tax. NEWS FLAKES NG reports that Fowler said this on the side-line of the Nigerian Economic Summit Group conference in Transcorp Hilton in Abuja on Monday, October 7. The FIRS chairman reportedly said Nigerians talk a lot on phone and that there is nothing wrong in paying a [Read]

Buhari Presents N10.73 trillion 2020 Budget To NASS, Pegs Oil Benchmark At $57

ABUJA – President Muhammadu Buhari has presented the 2020 appropriation bill with total expenditure of N10.73 trillion to the national assembly. While presenting the budget on Tuesday, Buhari said the federal government is targetting a revenue of N8.155 trillion. Buhari said the appropriation bill is based on the new VAT rate “which will help finance health, education, and infrastructural programmes.” Debt servicing in the budget is pegged at N2.45trn, out of which local debts would take N296bn, with N426.6bn set as overhead cost. The oil benchmark is set at $57 at 2.18m barrels per day with capital projects gulping N2.46 trillion. A breakdown of the budget’s statutory transfers show that [Read]

Anxiety As Facebook, Instagram remove accounts from Nigeria, give reasons [READ MORE]

Facebook has removed hundreds of accounts, pages and groups from its social network platforms over alleged involvement in coordinated inauthentic behaviour. The tech giant said it removed a total of 443 Facebook and 125 Instagram accounts, as well as 200 pages and 76 groups originating in the United Arab Emirates, Egypt, Nigeria and Indonesia. In a blog post on Thursday, Facebook said that one of the operations was sharing local news in targeted countries and promoting content about UAE as well as criticism of Qatar, Turkey and Iran, NAN reports. A smaller operation was involved in “domestic-focused coordinated inauthentic behaviour in Indonesia,” with fake accounts sharing content in support of [Read]

FG to bring back toll gates scrapped by Obasanjo

ABUJA – Fifteen years after the administration of ex-President Olusegun Obasanjo scrapped toll gates across the country, the federal government is making plans to reintroduce them. Babatunde Fashola, minister of works and housing, disclosed this while briefing state house correspondents at the end of the federal executive council meeting. Fashola, who was joined by Lai Mohammed, his information counterpart, said there is no law against toll plazas in the country. He added that some of the logistics being worked out before the reintroduction include acquiring more lands that will provide up to 10-lane plazas. “Where are we in PPP and toll gate, let me just clarify this impression about toll [Read]

FEC Okays N314bn For Road, Education Projects

ABUJA – The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo yesterday approved a total N311.8 billion for two link roads connecting the Second Niger Bridge in the South East and other projects being prosecuted at the University of Abuja. Besides, it sanctioned N1.833 billion for programmes in the Ministry of Education under the auspices of the Tertiary Education Trust Fund (TETFUND). Minister of Works and Housing, Babatunde Fashola, told State House correspondents at the end of the gathering in Abuja that N79.82 billion goes to the Ibadan-Ilesa-Ife road, N200.176 billion for roads linking the Second Niger Bridge to Asaba and Onitsha, and N29.654 billion to be [Read]

$9.6 BILLION RULING: P&ID Officials Plead Guilty To Contract Fraud Charges

ABUJA – A Federal High Court sitting in Abuja has ordered the forfeiture of assets belonging to Irish firm, Process and Industrial Development, P&ID, in Nigeria to the Federal Government of Nigeria. The order was made on Thursday after two suspects, the Commercial Director of the company in Nigeria, Muhammed Kuchazi of P&ID British Virgin Island, pleaded guilty to a ten-count charge, while Adamu Usman of P&ID Nigeria Limited, also pleaded guilty to all the eleven-count charge filed against him by the Economic and Financial Crimes Commission, EFCC. The suspects were arraigned on allegations of fraudulent involvement in the 2010 contract entered into, by Nigeria and the Irish firm, Process [Read]

NCC Warns Internet Users Against Yahoo Yahoo Boys

In response to the increase in cybercrime around the world, the Nigerian Communication Commission (NCC) has warned internet users and other users of telecommunication in the country to guard against being defrauded by internet fraudsters known as “yahoo yahoo boys”. Amongst the measures to be taken is the installation of personal security in their system as well as forming the habit of deleting any unknown and suspicious mail in their email boxes. Presenting the lead paper at the 110th edition of its consumer outreach programme held in Umuahia Abia State capital on Thursday (yesterday) an official of NCC, Mr Abdulazeez Jide, said internet consumers should know that some of these [Read]

Xenophobia: Nigeria Pulls Out Of Three-Day Economic Forum in South Africa

Nigeria has pulled out of the ongoing World Economic Forum in Cape Town, South Africa, over fresh xenophobic attacks. The country is also making plans to recall Kabiru Bala, its high commissioner to South Africa, according to a presidential source. The source said the decisions were taken at a meeting between President Muhammadu Buhari, Vice-President Yemi Osinbajo and Geoffrey Onyeama, minister of foreign affairs, at the presidential villa in Abuja, on Tuesday. [READ ALSO] Xenophobia: Air Peace to evacuate Nigerians from South Africa Osinbajo was to represent Nigeria at the three-day forum ending on Friday. In its initial response to the fresh attacks, the federal government had summoned Bobby Monroe, South [Read]

South East Govs Ban Fulani Herdsmen, Cattle Movement

The Governors also said they have assurances of the federal government that the shut Akanu Ibiam International airport would be reconstructed by two set of contractors to ensure that the work is completed on December this year. They also said that the entire states in the zone would in the next one week roll out complete palliative measures as a result of the closure of the Enugu international airport. The Governors made the disclosure in Enugu, Saturday, during their meeting with enlarged stakeholders meeting that included the Minister for Aviation, the Army, Police, the clergy, Igbo leaders, federal ministry of works, among others. In a communiqué delivered by Chairman of [Read]

BREAKING: Two in EFCC’s Net in connection with Obasanjo’s $16bn power project

The Economic and Financial Crimes Commission have arrested two top officials of the Niger Delta Power Holding Company (NDPHC), the company in connection with execution of the $16 billion Obasanjo power projects. The duo, who were among the four persons detained by the anti-graft agency on Wednesday reportedly supervised the execution of the projects. The arrests symbolized the beginning of the probe of the humongous expenditure during the Obasanjo presidency, with little results to show. The NDPHC officials arrested are the Head of Finance, Marvel Emefiele and Head of Compensation Eze M. C. Odigbo, The Nation Reported. They are expected to account for the N850 million earmarked as compensation to [Read]

Nigeria-Benin border closed to curb smuggling — Buhari

TOKYO – President Muhammadu Buhari has said that the partial closure of Nigeria’s border with the Benin Republic, was due to the massive smuggling activities, especially of rice, taking place on that corridor. News Agency of Nigeria reports that the restriction at Seme followed the joint border security exercise ordered by the government and aimed at securing Nigeria’s land and maritime borders. The exercise, code – named , ‘ Ex – Swift Response’ , was being jointly conducted by the customs, immigration, police and military personnel and coordinated by the Office of the National Security Adviser. The Nigerian leader gave the reason during an audience granted his Beninois counterpart, Patrice [Read]

$9.6m judgement: Buhari orders EFCC, NIA, IGP to probe criminal conspiracy linked to Jonathan’s administration

President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, National Intelligence Agency and the Nigerian Police to investigate the administration of ex-president Goodluck Jonathan over the contract which led to a judgement debt of $9.6billion (N3.5trillion). President Buhari ordered the agencies to probe the criminal conspiracy associated with the project. The federal government said the contractor, Process and Industrial Developments Ltd. (P&ID) did not execute the contract. These position and clarifications were made known at a joint briefing in Abuja by the Minister of Information and Culture, Alh. Lai Mohammed alongside the Minister of Justice, Abubakar Malami(SAN), the Minister of Finance, Zainab Ahmed and the Governor of the [Read]

StartConFest: Uyo warms up for biggest tech festival

AKWA-IBOM – Between September 26 and 28, youths across Nigeria, players and stakeholders would gather in Uyo, Akwa Ibom State capital for the 5th edition of “StartConFest” a 3-day event loaded with innovative activities. Organized by RootHub, Uyo’s premier innovation hub, founded to promote collaboration among youths and give a platform to budding entrepreneurs, the event promises to be spectacular and entrepreneurially rewarding. Themed ​“Create The Future”, ​it is expected to have over 5000 attendees and would feature workshops, innovation zone, experience zone, Music zone, creativity stage and a marketplace for vendors to exhibit their products and services to attendees. StartConFest, celebrated annually, is a platform where passionate industry players, [Read]