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The United Arab Emirates (UAE) will begin issuance of visas to Nigerians from Thursday, October 8, 2020.

This was disclosed by Nigeria’s Minister of Aviation, Hadi Sirika on Tuesday.

He said the UAE had confirmed that it would start issuing visas to Nigerians from Thursday and that travellers would have a return ticket.

“The UAE confirmed that they will begin issuance of Visas from 8th of October, 2020. Travellers to have a return ticket, hotel booking, negative PCR result & a Health insurance (similar to Schengen requirement).

“Health insurance can be paid through travel agents/airline,” he tweeted.

The Federal Government had about a week ago lifted suspension placed on Emirates Airline from flying into Nigeria.

Sirika had said the UAE had written to Nigeria to state that they agreed to issue visas to Nigerians, saying that based on this, the decision had been reached to allow Emirates to fly into Nigeria.

“The UAE has written to state that they agree to issue visas to Nigerians, consequently a decision has been reached to allow Emirates to fly into Nigeria.

“Commencement of the visa issuance is condition precedent. Please bear with this unusual situation. Many thanks,” he had said.

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FG targets 1.4mbpd domestic refining before 2027

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Minister of State for Petroleum Resources, Chief Timipre Sylva

The Federal Government has disclosed plans to actualise 1.4 million barrels per day, mbpd, domestic refining of crude oil in the next five years.

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Nigeria’s GDP grew by 3.11% in Q1 – NBS report

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The National Bureau of Statistics has said the nation’s gross domestic product (GDP) grew by 3.11 per cent in the first quarter of 2022.

The NBS said this on Monday in its new Gross Domestic Product Report, showing the sixth consecutive quarter of positive growth.

It stated the first quarter 2022 growth rate further represented gradual economic stability due to strong growth posted by the non-oil sector.

Part of the report read, “The Q1 2022 growth rate was higher than the 0.51% growth rate recorded in Q1 2021 by 2.60% points and lower than 3.98% recorded in Q4 2021 by 0.88% points. “Nevertheless, quarter-on-quarter, real GDP grew at -14.66% in Q1 2022 compared to Q4 2021, reflecting a lower economic activity than the preceding quarter.

“In the quarter under review, aggregate GDP stood at N45,317,823.33 million in nominal terms.

“This performance is higher when compared to the first quarter of 2021, which recorded aggregate GDP of N40,014,482.74 million, indicating a year-on-year nominal growth rate of 13.25%.

“The nominal GDP growth rate in Q1 2022 was higher relative to the 12.25% growth recorded in the first quarter of 2021 and higher compared to the 13.11% growth recorded in the preceding quarter.”

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Reps summon NPA, terminal operators over huge debt owed FG

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The House of Representatives Public Accounts Committee has summoned the leadership of the Nigerian Ports Authority and seaport terminal operators over $852.094 million and N1.897 billion and other funds owed the Federal Government.

According to the committee, N269.410 million of the N1.8 billion has been recovered while the balance of N1.6 billion “invoices processed on the encumbered areas remains unpaid.”

It added, “The sum of $504,663,452.37 is volume change on fix lease lease fee payment by APMT arising from clauses in the concession agreement between NPA and APMT out of the total sum of $852,093,730.77.

“Bills raised on encumbered areas which remain unpaid is $19,169,459.00. The following has been paid GMT-$54,707,700.08, unpaid penalties – $11,922,642.68 and unpaid VAT-$28,693,707.07”.

“$92,533,518.72 has been recovered; leaving unpaid lease and throughput fee in the sum of $139,970,637.71 (made up of $113,982,486.82 and $5,988,150.89) respectively.

The committee directed the NPA management to reconcile their records with the office of the AuGF and provide evidence of remitting the recovered N269.51m and $92.534m to the government.

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