Category Archives: AbokiMallamFx News

AbokiMallamFx News

Eco currency: Nigeria states position

Minister of Foreign Affairs, Geoffrey Onyeama, says Nigeria and majority of other African countries are not yet ready for the implementation of the ECOWAS Single Currency, “Eco,” in 2020. Onyeama, who made this known on Thursday in Abuja while speaking with Journalists, explained that Nigeria’s position on the single currency was agreed by the Economic… Read More »

FG to stop petrol use for transportation, CNG to replace

The Federal Government on Thursday disclosed that it was set to replace the use of Premium Motor Spirit, PMS, also known as petrol, for transportation. SEE ALSO: N55.5bn spent t0 subsidise petrol in December by FG The Minister of State for Petroleum Resources, Chief Timipre Sylva disclosed this while addressing newsmen in Abuja. He stated… Read More »

Border closure: Customs generates N7b daily

The Coordinator, Joint Border Operations Drill, North Central states, Comptroller Mohammed Garba, said NIGERIAN Customs Service is collecting  between N5 billion and N7 billion from duties on imported goods  daily. He disclosed this in Ilorin, the Kwara State capital during a parade of seized goods and items. Garba said daily accrual of the service before… Read More »

Eco Currency rejected by English speaking West Africa countries

Six English-speaking countries of the Economic Community of West African States (ECOWAS) has rejected the recently introduced Eco currency adopted by eight francophone countries in the sub-region. The countries adopted the currency through their union, West African Economic and Monetary Union. The countries reached their decision at a council meeting of finance ministers and central… Read More »

Nigeria’s daily crude oil production crashes to 1.57m barrels

The Organisation of Petroleum Exporting Countries, OPEC said Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month It said this in its monthly oil market report published on Wednesday that the country’s oil output stood at 1.66 million bpd in November, based on direct communication. OPEC uses… Read More »

Buhari signs finance bill in to law

President Muhammadu Buhari has finally signed the Finance Bill into law after it was passed by the National Assembly. The President had recently, while presenting the 2020 Appropriation Bill to the National Assembly also presented the Finance Bill and said: “This Finance Bill has five strategic objectives, in terms of achieving incremental, but necessary, changes… Read More »

National Identity Card: NIMC unveils online pre-registration portal

The National Identity Management Commission (NIMC) has unveiled a pre-registration portal to ease process of registering for National Identity Card. The commission announced the development in its website, advising Nigerians to log on to the portal to pre-register before going to any of the registration centres nationwide to complete the process. It emphasised that the… Read More »

Estimated electricity bills to be limited by Govt from February

Estimated electricity bills issued by power distribution companies to their unmetered customers will as from February be regulated by the Federal Government. Distribution companies, Discos that fail to provide meters to customers would only be allowed to issue a capped sum as estimated bills to their respective power users said the Nigerian Electricity Regulatory Commission,… Read More »