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MEDIATRACNET  As part of temporary measures to prevent further spread into the UK of the dreaded Omicron variant of COVID-19, the British government has announced the decision to add Nigeria in the its travel red list from Monday. The British High Commissioner to Nigeria, Catriona Laing, said the decision to…

MEDIATRACNET The World Bank Group has asked the Federal Government to impose special taxes on the consumption of alcohol, cigarettes and sugar-sweetened beverages to fund improved primary healthcare system in Nigeria. The World Bank made the suggestion on Friday in Abuja at a special National Council on Health meeting organised…

MEDIATRACNET The International Institute for Tropical Agriculture (IIITA) has already harvested the first fruit from its rapid multiplication of yam seedlings initiative under the Yam Improvement for Income and Food Security in West Africa (YIIFSWA). The leader of the Project, Norbert Maroya, disclosed on Friday at the Yam Field Day…

MEDIATRACNET The Federal Capital Territory (FCT) Administration will continue to demolish illegal structures that do not comply with the Abuja master plan, the Minister of FCT, Muhammad Bello, has said. Speaking at the commissioning of an office complex of the Abuja Property Development Company (APDC) on Friday in Abuja, the…

MEDIATRACNET The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured of its commitment to ensuring strict compliance of regulations on oil spills in the Nigerian oil and gas sector in fulfillment of its regulatory mandate under the Petroleum Industry Act (PIA) 2021, Petroleum Act and the Petroleum (Drilling and Production)…

MEDIATRACNET Policy experts in the extractive industries sector have said that the strict implementation of the provisions of the contracts transparency and beneficial ownership in the Petroleum Industry Act is crucial for the growth and development of the country’s economy. The experts who made the observation on Friday at a…

MEDIATRACNET The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday announced the constitution of a Joint inter-agency committee on public disclosure of the contents of oil, gas, and mining contracts. The constitution of the committee was announced by the Executive Secretary of NEITI, Orji Ogbonnaya Orji, in Lagos at a…

MEDIATRACNET The practice by certain agencies of government to work at cross-purposes with others is militating against the overall interest of the Nigerian economy, the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Uba Sani, has said. Sani who spoke at the Zuma Rock Resort in Niger State…

PICTURE: L-R: NIPC Acting Executive Secretary/CEO, Emeka Offor; MD, BOI, Kayode Pitan; Greek Minister of Minister of Development and Investment, Spyrison Adonis Georgiadis, and President, Greek–Nigeria Chamber of Commerce and Technology (GNCCT), Michael Economakis. MEDIATRACNET The investment drive by the Nigerian Investment Promotion Commission (NIPC) is yielding results, with a…

MEDIATRACNET Nigeria abstained from signing the Organisation for Economic Cooperation and Development (OECD) Group of 20 Inclusive Framework agreement on two-pillar solution to tax challenges of the digitalized economy for concerns on potential negative revenue returns the rule would have for developing countries, the Chairman of the Federal Inland Revenue…