FG Clears $850m Debt To EU Airlines
News Source: Channels TV
The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m.
The European Union Ambassador to Nigeria and the ECOWAS, Samuela Isopi, revealed this at the 9th edition of the Nigeria – EU Business Forum in Abuja on Tuesday.
She commended the government for its intervention in clearing the backlog as well as the removal of foreign exchange restrictions on the import of forty-three items.
Isopi said that Nigeria remains the EU’s largest trading partner with about 35 billion Euros in trade relations in the last year.
She also said that Nigeria is the E.U’s biggest foreign investor with a stock estimated at 26 billion Euros, representing one-third of Nigeria’s foreign direct investment.
Reps to Probe Borno Suicide Bombings
The House of Representatives directed its Committee on National Security and Intelligence to investigate the twin suicide bombings in Gwoza, Borno State, which occurred on June 29, 2024, killing about 38 people. The House emphasized the need for improved intelligence gathering and community engagement to prevent future attacks. The motion, proposed by Ahmed Jaha, highlighted the coordinated attacks on a wedding, funeral, and hospital, urging security agencies to enhance their efforts. Former Deputy Speaker Idris Wase called for action against terrorism sponsors.
Remain in White House race, family urges Biden
Photo Credit: The Nation Nigeria
Democratic’s family has urged him to ignore calls to step aside following his disastrous debate against Republican Donald Trump.
He spent Sunday with relatives at a presidential retreat where they encouraged him to keep fighting, according to the BBC’s US partner CBS News.
Anxiety has gripped sections of his party following a rambling and at times incoherent performance in Atlanta.
FCCPC raids steel companies in Ogun
Photo Credit: Punch Newspapers
The Federal Competition and Consumer Protection Commission conducted raids on three steel manufacturing companies in Ogun State due to the alleged production of substandard iron rods and other anti-competition practices.
According to the commission, the affected companies are African Foundries Limited in Ogijo, Monarch Steel Mill Limited in Sagamu, and Kam Steel Integrated Company, also in Sagamu.
Addressing journalists recently, the Acting Executive Vice Chairman of FCCPC, Dr Adamu Abdullahi, stated that the commission’s visit was based on intelligence suggesting potential anti-competitive behaviour by these companies.