Author: Vardiafrica

The federal executive council (FEC) has approved the establishment of a tripartite committee to review the visa approval process for foreign investors and tourists. Speaking at the end of the extended FEC meeting on Tuesday, Mohammed Idris, minister of information and national orientation, said President Bola Tinubu approved the setting up of the committee to accelerate visa processes and acquisition for foreigners interested in investing in Nigeria. Idris said the government envisages reducing the approval time for visas to 48 hours, adding that the development will attract more investors and tourists into the country. “Our visa processes are becoming cumbersome…The ease of…

The Union for Professional Football Players (UNFP) has crowned Super Falcons’ Chiamaka Nnadozie as the best goalkeeper for the 2023/24 season in the French Division 1 Feminine League. Nnadozie scooped the prize at the UNFP Trophies gala in Paris, the French capital, on Monday night. The 23-year-old has been impressive throughout the campaign, helping her side Paris FC to finish third in the regular season and also make the playoffs. The UNFP is the major union for professional footballers in France. In April, she won the best goalkeeper in the D1 Arkema by the league body. For the Super Falcons,…

The Federal Government says payment for access into airports across the country is now compulsory for all. The Minister of Aviation and Aerospace, Festus Keyamo, stated while briefing State House Correspondents shortly after the Federal Executive Council (FEC) meeting on Tuesday. The FEC meeting was adjourned on Monday May 13, 2024 to Tuesday. According to the Minister of Information, Mohammed Idris, the Council could not take all the memos that were to be presented by members Keyamo said no one would be exempted paying for access into the airports including foreign guests. According to him, the situation where some persons…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Tuesday, met with key major oil marketers to address the issues of incessant scarcity of petroleum products in the country. NMDPRA Chief Executive Officer, Farouk Ahmed, who briefed newsmen on the outcome of the meeting, assured Nigerians that depot owners and members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) will not shut down supply as the NMDPRA has started the process of paying the debt owed the depot owners with verified documents. Last month, IPMAN had threatened to cripple the supply of Premium Motor Spirit (PMS), also known…

The Federal Government has launched a solid minerals resource support system for investors and intending investors in Nigeria, and across the globe. While speaking during the launch ceremony, the Minister of Solid Minerals Development, Dele Alake, expressed delight over the move, while stating that the support system will enhance the ease of doing business in the solid minerals sector. He explained that the portal served as a one-stop shop for investors and intending investors, to get all necessary information to guide them in making informed investment decisions. Alake also said, that his administration is currently working on a financial capacity…

Rivers State Governor, Siminalayi Fubara, has decried the substantial debt burden inherited from the previous administration of Nyesom Wike, saying most of the projects commissioned in the state were not fully funded. Governor Fubara stated this during the commissioning of the Aleto-Ogale-Ebubu-Eteo Road, also known as Old Bori Road in Eleme Local Government Area of the state. The project was commissioned by the Governor of Abia State, Alex Otti. He said the contractors who handled the affected projects are returning for outstanding payments. Governor Fubara did not, however, give an estimate of the debt. He said he is now compelled…

The scheduled arraignment of Former Aviation Minister, Hadi Sirika; and his brother, Ahmad Sirika, for yet another case of contract fraud in the sum of ₦19.4 billion didn’t go ahead as the defendants were absent from court on Tuesday, and out of Abuja. Counsel for the Economic and Financial Crimes Commission (EFCC), Oluwaleke Atolagbe, informed the presiding judge, Justice Suleiman Belgore, that the ex-minister and his brother have also not been served with the charge in the case. He, therefore, prayed for an adjournment, which was granted by the judge. Justice Belgore subsequently fixed Thursday May 23, 2024 for arraignment.…

The Ministry of Aviation and Aerospace Development on Monday said the introduction of helicopter landing levies was in line with global best practices and cost recovery measures This is contained in a statement by Odutayo Oluseyi, Head of Press and Public Affairs of the ministry in Lagos According to Oluseyi, the ministry recognises the importance of helicopter operations in Nigeria’s aviation industry and is committed to implementing international best practices in helicopter operations. He said that the helicopter landing levies were commonplace in countries such as the U.S., the United Kingdom, India and various other regions worldwide. He maintained that Tallahassee…

The Kogi State Government has announced the rescue of six more kidnapped students of the Confluence University of Science and Technology (CUSTECH), Osara, Kogi. The state’s Commissioner for Information, Kingsley Fanwo, in a statement on Tuesday, said the fresh number of rescued students brought the number of freed students rescued to 20. “Our data shows that there are four students yet to be found,” he added. He some of the kidnappers escaped with severe injuries during a gun duel with security agents. “Nine students had been rescued first while five others were found the following morning. The families of the…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the apex bank will keep interest rates high until inflation subsides by implementing orthodox policies In an interview with the Financial Times, Cardoso said that the Monetary Policy Committee (MPC), which he chairs, would do whatever is necessary to tame soaring inflation. This is as the inflation rate in Nigeria remains high at 33.2 per cent, the highest in three decades, while food inflation is higher still at 40 per cent. “There is every indication that the MPC would do whatever is necessary. They will continue…