Nigeria’s E-Payment Transactions Hit  N24tn 

E-payment transactions rise by 85.52% in one year - Punch Newspapers
Nigeria Inter-Bank Settlement System has said that  the  value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn last month.
It said in a  data that total e-payment transactions increased  by 52.35 per cent year-on-year in the corresponding period,adding that in September last yeat, e-payment transactions were N15.8tn.
According to the data,last month, NIP transactions were N23.52tn, while PoS transactions was N556.36bn.
Total volume of transactions on NIP and POS terminals rose to 296.15 million and 87.71 million respectively,it added
It said the COVID-19 pandemic changed the e-payments landscape, accelerating the adoption of instant payments because more people switched to electronic channels for funds exchange.
SIM: NCC Clears  Air On Minor Disqualification 

NCC disqualifies Nigerians below 18 from getting SIM | The Paradise
The Nigerian Communications Commission has said that it is not disqualifying Nigerians from getting the Subscriber Identity Module, adding that the age limit is in line with the constitutional provision.
NCC’s Director of Public Affairs, Dr Ikechukwu Adinde gave the clarification in a statement in Abuja.
The agency explained  that the age limit proposed in its draft regulation was based on the constitution, which makes 18 years the age of consent in the country.
According to the NCC,acquiring a SIM required the subscriber to be of legal status involving a contract between service providers and subscribers.
It  added:“The age of 18 years for SIM acquisition proposed in the draft regulation is contingent on the constitutional provision, which makes 18 years the age of consent in Nigeria.Also, SIM acquisition is a contract between service providers and their subscribers, which requires the subscriber to have proper legal status, be of matured mind and rational enough to bear certain responsibilities, obligations and liabilities imposed by a contract.”
The agency further explained  that the age limit proposal in the draft regulation was designed to protect minors, stressing that the parents and guardians of those below the age of 18 could acquire SIMs on their behalf.
It  added:“The proposal is, therefore, to protect minors. Parents and guardians can acquire SIMs in their names on behalf of their children and wards in which case they assume whatever responsibilities or liabilities arise from the usage of such SIMs, a measure expected to also strengthen national security.
“While the commission is progressively pursuing digital inclusion for all, the draft proposal is intended to guarantee increased monitoring of children and shield the minors from undue liabilities in line with NCC’s Child Online Protection drive.”
Why FG Removed Import Duty On Ships, Spare Parts-NIMASA

The Federal Government has removed import duty on importation of ships and its spare parts to encourage indigenous shipping in Nigeria
The Director General, Nigerian Maritime Administration and Safety, Dr. Bashir Jamoh, who announced this at the Nigeria International Maritime Summit,also explained that the Presidency had obeyed  the industry’s request for incentives to enhance the local shipping capacity.
He added:“When I assumed office as the Director General of NIMASA, I deliberately worked on two incentives for the maritime sector and one of them is fiscal incentives for the shipping industry.Today, the incentive has been granted and I have the memo with me but we are still waiting for the announcement from the Ministry of Transportation, which we believe will happen soon.”
According to him, the fiscal policy was long overdue, adding that the Federal Government  had made similar incentives for rail transport, manufacturers, airline operators among other sectors.
Nigeria Needs  National Employment Plan-NLC

President of the Nigeria Labour Congress, Ayuba Wabba has urged the Federal Government to institute a national employment strategy which would mop up a reasonable youth population from the society.
Wabba,who  gave the advice  a one day “Roundtable on Decent Work Situation in Nigeria”, lamented the level  of joblessness in the country.
He accused the political class in Nigeria, estimated to be just about ten percent of feasting on the nation’s commonwealth,saying his claims were visible in the  huge  severance packages that politicians earn from the common purse for working just four years.
He further accused them of drawing huge security votes from the wealth generated by 90 percent of the workforce.
He added:”I know of a state where workers have not received their pension or benefits from 2013 to date. Yet most of the governors award huge pension to themselves for serving out just four years. Therefore we must raise our voice to demand for jobs that are just and decent because we create the wealth.
“Today the minimum wage of N30000 has been depreciated so much that 90 percent of the workforce purchasing power has been reduced to nothing.
Minister of Labour and Employment, Chris Ngige said in the past years modest successes were recorded with the support of the ILO in the development of Nigeria’s Decent Work Country Programmes (DWCP I&II).
 Ngige who was represented by the Permanent Secretary in the Ministry, Dr Yerima Tarfa said the programme  suffered setback at the implementation stage, largely due to the absence of a deliberate structure or framework for coordination and accountability.
“We are at the verge of a third attempt which must produce the desired results.
“The government of President Muhammadu Buhari is committed to promoting decent work in Nigeria not withstanding some challenges in the country. Recall that in 2020, the global economy slumped into recession due to COVID-19 pandemic, disruption in trade flow, shut-down in domestic and international flights and restriction in intercity travels.
“Nigeria was not insulated from this. Although the Nigerian economy appears to have weathered the economic storm that emanated from twin shocks of COVID-19 and low international oil prices, we must all as critical stakeholders now redouble our collective efforts to ensure continued national economic growth and avoid a reversal into recession.
“Rising insecurity and unemployment continue to constitute key risks to the Nigerian economy as the investment climate is pressured and underpinned by heightened insecurity across the country. This is not unlinked with the increasing number of unemployed youths seeking means of fulfilling their aspirations in life. Decent Work is needed now more than ever before, to engender a harmonious and productive working environment, wealth generation and strengthen our fragile economic growth,” Ngige noted.
Reps Seek New Remuneration For Judicial Officers

Reps seek improved remuneration for judiciary workers - 1st for Credible  News
The House of Representatives has implored the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to immediately
review the remuneration of judicial officers in line with present economic realities.
The  lower house also urged the Federal Government to, in line with judicial autonomy accede to the increase in statutory transfer to the judiciary in the coming fiscal year.
It further mandated its Committee on Judiciary to work towards an amendment of the certain political,
public and Judicial office holder (salary and allowances) Act, by removing the
remunerations of judicial officers from that of political and public office holders, as well as ensure compliance with the aforementioned resolutions.
The resolutions were sequel to the adoption of a motion moved by Chairman, House Committee on Judiciary, Hon. Onofiok Akpan Luke (PDP, Akwa Ibom).
In his presentation,Hon. Luke,noted that the salary of judicial officers was last reviewed by RMAFC in 2007 when the official exchange rate was N124 to $1 and the minimum wage was N5,000.
He said “the budget for the judiciary has remained at N110 billion since 2017, while the total budget size has continued to grow, leading to gross underfunding and neglect of the Judiciary over the years, which have affected productivity, increased frustration, and deflated the morale of judicial officers and staff.”
“Considering inflationary pressure and other economic factors that have depreciated the value of the Naira by over 60 percent, the salary of judicial officers have become totally at variance with current economic realities.
“Thirteen 13 years after the salary review of judicial officers, the Chief Justice of Nigeria, who is the most senior judicial officer in the country, earns N279,497 monthly, the Justices of the Supreme Court and the President of the Court of Appeal earns N206, 425 monthly; Justices of the Court of Appeal
earns N206, 425 monthly, while Judges of the Federal High Court, National Industrial Court, FCT High
Court, State High Courts, FCT Sharia Court of Appeal, FCT Customary Court of Appeal, Khadis of State
Sharia Courts of Appeal and State Customary Courts of Appeal all earn N1.8 million each as their annual
salary,” the lawmaker explained.
He added that poor remuneration of judicial officers is a serious threat to the judiciary, which is a critical institution of the state and starving them of funds compromises their foundational functions and could present misfortune for our democracy as the Judicial officers may not maintain impartiality and independence in the discharge of their judicial functions.
He said:”Further notes that the non-remuneration of judicial officers is partly caused by making the remuneration
of judicial officers with political and public office holders in the same law;
Aware that Part I of the Fifth Schedule to the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and the Code of Conduct Tribunal Act restrains Judicial Officers from generally receiving gifts and operating private businesses except farming, and the Code of Conduct for Judicial Officers further limits engagements of Judicial Officers by restricting them from maintaining certain social relationships and commenting publicly, all with the aim of insulating judicial officers from any form or semblance of corrupt practices and improper conduct”.
“It is unfair, unconscionable, unjust and unrealistic that in the face of the several restrictions on the conduct of judicial officers, the judicial officers receive a meagre salary when compared with prevalent economic realities, thereby rendering them vulnerable to corruption. Also cognizant that the Judiciary as an independent arm of government, the Executive does not have the
constitutional power to reduce or review the budget of the Judiciary but only to submit to the National Assembly the exact budget as proposed by the Judiciary in conformance to the Constitution and constitutional practices of advanced democracies.”
 UNILAG  Fixes 2021/2022 Post-UTME Screening For October 11

The University of Lagos (UNILAG),has  fixed  11th  and 29th October 2021 for commencement of online registration for the Post-UTME screening Exercise for admission into all courses/programmes for the 2021/2022 academic year.
The University, in a statement signed by Ọladẹjọ Azeez, Esq., Registrar and Secretary to the Council explained that only candidates who made the University of Lagos their first choice in the 2021/2022 UTME, and scored 200 and above are eligible for screening.
The statement added:“In addition, candidates must possess five (5) credit passes at one sitting in relevant O-Level subjects, including English Language and Mathematics.
The institution warned that candidates who will not be sixteen (16) years of age by 31st October 2021 are not eligible and need not apply.
It added:“Candidates who do not participate in the Post-UTME Screening will not be considered for admission.Former students of the University whose admissions were withdrawn based on poor academic performance or absence status could re-apply on the condition that the new admission shall be for a new programme/course different from the former programme/course.
“Any student expelled from the University cannot be offered fresh admission.The University in line with the Joint Admissions and Matriculation Board (JAMB) directive has pegged the screening fee at N2,000.
The institution directed eligible candidates to log on to the University’s website www.unilag.edu.ng and log in with UTME number as username and surname in lowercase as password, generate and print payment advice, proceed to any commercial bank to make a payment or pay online.
The statement advised candidates to adhere strictly to the guidelines and obtain necessary clarifications, saying it would withdraw the admission of newly admitted students who test positive for drug use whenever the University conducts the test, either before or after registration.
Obaseki Appoints Commissioners,Threatens To Sack Non-Performing Ones

Activist sues Obaseki over non-appointment of commissioners
Mr. Godwin Obaseki, Governor of Edo state has  sworn -in eleven commissioners to constitute  the state cabinet.
He will their performance index and scorecards on their assignments quarterly as conditions for service.
He  threatened that those who cannot deliver on their mandate will be sacked.
The commissioners who were yet to assign portfolios were sworn-in at the Government House in Benin City, after the State House of Assembly screened the list of nominees from the Governor .
Those inaugurated are Oluwole Osamudiamen lyamu.(SAN) (Oredo LGA), Prof. Obehi Akoria,(Esan West) Dr Joan Oviawe (Uhumwode), Ethan Uzamere,(Ovia South West) and Monday Osaigbovo, (Ovia North East) Local government Areas of the state.
Others are Marie Edeko (Esan North East), Joseph Eboigbe (Esan Central) Moses Agbukor,(Etsako East), lsoken Omo (Ikpoba-Okha), Andrew Emwanta(Egor) and Mrs. Otse Momoh-Omorogbe (Etsako West)  Local government Areas of the State.
 Obaseki told the new commissioners that their performance index and scorecards on their assignments would be  measured quarterly as conditions for service.
He said: “Even some of you who have served in the previous government, just note that you are coming in at a delicate and difficult times. This is not the time for favours or experiment. This is not the time to experiment”.
The Governor also promised to expand the revenue base of the state fulfill his electoral promises and actualise his vision for the State, but lamented the devastating effects of Coronavirus pandemic which put pressures on governments in allocation of scare resources.
He further declared, “government is faced with daunting challenges as Edo State revenue from the federation Account Allocation Committee, FAAC dipped by the sum of N1.7 billion in the month of August 2021”.
He emphasized that his administration needs to get more Edo people to pay taxes as it has shown that less than 100,000 taxable population in the state.
Upstream Regulatory Commission Will Stabilize Nigeria’s Petroleum Industry- Lawan

Senate confirms board members for NURC as DPR is scrapped – Nairametrics
President of the Senate, Ahmad Lawan, has said that the establishment of the Nigerian Upstream Regulatory Commission would provide a foundation for the stabilization of the petroleum industry in Nigeria.
He said this during the confirmation of  the appointment of board members of the Nigerian Upstream Regulatory Commission by the upper chamber of the National Assembly.
The confirmation of the nominees was sequel the consideration of a report by the Senate Committee on Petroleum Resources.
The nominees confirmed include Isa Ibrahim Modibbo – Chairman; Engr. Gbenga Komolafe – Chief Executive; Hassan Gambo – Executive Commissioner, Finance and Accounts; and Ms Rose Ndong – Executive Commissioner, Exploration and Acreage Management.
In his remarks,chairman of the Committee on Petroleum Resources (Upstream), Senator Albert Bassey Akpan, in his presentation,  said that the nominees demonstrated sufficient knowledge of the workings of the petroleum industry, especially the upstream petroleum sector, as well as the economics of petroleum exploration and production.
According to him, the appointments of the nominees satisfy the requirements of Sections 11 and 18 (1-5) of the Petroleum Industry Act, 2021.
He added: “There are no adverse reports against the nominees as record checks and other forms of investigations by security agencies did not reveal any negative trace against them.”
Akpan stated that the Committee was satisfied about the qualifications, experience, suitability, competence and integrity of the nominees to assume the position of Chairman, Chief Executive and Executive Commissioners of the Nigerian Upstream Regulatory Commission.
Lawan who presided over the plenary said the Regulatory Commission has the enormous and huge responsibility of setting and establishing the Commission as provided in the Petroleum Industry Act.
“They have the unenviable responsibility of ensuring that they commit themselves and work hard to provide the solid and stable foundation for that matter, that they don’t waste any time because time is of essence.
“The Petroleum Industry will go through a reform process and the process has already started.This Commission is one of the huge arms of those reforms that will stabilize the petroleum industry in Nigeria.
“While the Senate confirms them, we expect nothing less than commitment and patriotism on their side. We expect that the other regulatory authority for downstream and midstream will also be confirmed as soon as possible, so they also start their work immediately.”
Dangote Cement Nigeria’s  Largest Employer Of Labour-Report

 Dangote Cement Plc,has emerged as the company with the highest number of employees in Nigeria in 2020 with a total number of 16,199 staffers on its payroll.
The cement company also emerged as the highest corporate income taxpayer and came first among top 100 elite companies listed on the Nigeria Exchange (NGX) posting into the purse of the federal government a princely sum of N97.24billion in the year.
 MTN Communication Nigeria Plc paid N93.6billion and Guaranteed Trust Bank came third with an income tax of N36.66billion.
In the performance analyses of 100 top elite corporate bodies on the Nigeria Exchange carried out by the reputable business magazine, “Next Money”, Dangote Cement was ranked as the most capitalized company in the country with 4,173.22billion.
Speaking on the analysis, publisher of Next Money, Mr. Ray Echebiri,explained that the performance index analysis of companies listed on the Exchange was carried out with a view to establishing the best performing ones among the over 150 of them.
He added  that the exercise is to provide existing and potential investors with information that they can rely on when they are taking investment decisions.
He said: “The first step we take in the analyses is to extract the Total Assets of each of the listed companies from their audited accounts.We sorted the total assets of the companies from the largest to the smallest and cut off at the 100th. We tagged the hundred companies that emerged from this exercise “Nigeria’s Top 100 Companies”. Any company that makes it to the corporate elite club of Nigeria’s Top 100 Companies is automatically a candidate for further ranking by Revenues, Profits, Market Capitalization, Number of Employees and Tax Payment.”
According to him, the rankings show how the listed companies stand on the corporate ladder with regards to the various performance indices. This edition of Nigeria’s Top 100 Companies covers the 2020 accounting year. It is therefore a performance analyses of companies listed on the Nigerian Exchange (NGX) based on their audited accounts for the 2020 reporting year.”
“In other words, the information used in the analyses are extracted from the annual reports and accounts of the various companies published in 2020 irrespective of whether a company’s year-end is March, June, September, December, or any other month in 2020.”
Echebiri further pointed out that the analyses were restricted to publicly-held companies in the country and the reason being that the accounts of listed companies are easier to access than those of private companies. “Moreover, accounts of publicly-held companies are more believable because they are usually subjected to regulatory scrutiny and approval.”
He explained that his group had no doubt that there are many private companies that would easily count among the top 100 companies in the country given their huge balance sheet size, the sizeable revenue they post yearly and the profits they declare.
 However, he added that they were not a part of the performance review and analyses because their audited accounts do not go through the kind of regulatory examination and approval that the listed companies face and, are, therefore not as believable as those of the publicly-held companies.
The construction giant, Julius Berger trailed Dangote Cement as the highest employer of labour , albeit far behind, with staff strength of 12,217 and United Bank for Africa Plc which had a total of 10,824 people on its payroll.
The analysis indicated that while Dangote cement with market capitalization of N4,173.22 billion beat the rest of the companies listed on the NGX to emerge as the company with the largest capitalization, MTN Communications Nigeria Plc and Bua Cement Plc. as at December 31,2020, followed as the second and third respectively with market capitalization of N3,458.23 billion and N2,619.41.
 Dr. Benson Olugbuo Is Center for Civilians In  Conflict (CIVIC) New Nigeria Country Director

CIVIC appoints Benson Olugbuo as new country director
Dr. Benson Chinedu Olugbuo has been appointed as the Center for Civilians in Conflict (CIVIC) as the Country Director for Nigeria.
He  will lead the centre’s growing team in the region with his  over  a decade of experience across the nonprofit, academia, and justice reform sectors,according to a statement.
Dr. Olugbuo holds a PhD in Public Law from the University of Cape Town, South Africa; an LLM in Human Rights and Democratization in Africa from the University of Pretoria, South Africa; and an Honors LLB from the University of Nigeria, Nsukka. He is a solicitor and advocate of the Supreme Court of Nigeria with experience in human rights and democracy.
 Dr. Olugbuo was a Fox International Fellow and Visiting Assistant in Research at the Whitney and Betty MacMillan Center for International and Area Studies at Yale University (2011-2012) and the Anglophone Africa Coordinator for the NGO Coalition for the ICC (2004-2009).
 He  championed  the campaign for the ratification and domestic implementation of the Rome Statute of the ICC in Sub-Saharan Africa and participated in the Review Conference of the ICC in 2010. Most recently, Dr. Olugbuo was the Executive Director of the CLEEN Foundation (formerly known as Centre for Law Enforcement Education) from October 2015 to August 2021.
 He has published widely on justice sector reform, international criminal justice, and human rights in Africa.