Economic Crisis: Group Asks FG Not To Sack Workers
A group is known as The Alliance for Surviving COVID-19 and Beyond (ASCAB) has asked the federal government, FG not to use budget cuts as an excuse to sack workers. The federal government had revised the 2020 budget due to the crash in the price of oil and other effects of the coronavirus pandemic on the economy. In a statement, Adewale...
Budget Deficit May Trigger Fresh Recession – Finance Minister, Zainab Ahmed
With the deficit financing of the revised N10.509 trillion 2020 budget rising from N1.847 trillion to N4.563 trillion, the economy might be heading for another recession, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has warned. She expressed the fear yesterday in Abuja during a session with the Senate Committee on Finance where heads of revenue-generating agencies made...
Global Finance 2020: Zenith Bank Emerges Best Bank In Nigeria
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from Jan. 1 to Dec. 31, 2019. Global...
Global Finance 2020: Zenith Bank Emerges Best Bank In Nigeria
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from Jan. 1 to Dec. 31, 2019. Global...
Buhari Has Done Well in Job Creation – Festus Keyamo
The Minister of State for labour (state), Festus Keyamo on Sunday, May 31, said the Buhari-led administration has done well in job creation in the last five years. Keyamo said this while appearing on Channels Television “Sunday Politics” programme. Festus Keyamo stated that the effort of the government has gone unnoticed because Nigeria’s population grows faster than the rate of job...
Buhari Has Done Well in Job Creation – Festus Keyamo
The Minister of State for labour (state), Festus Keyamo on Sunday, May 31, said the Buhari-led administration has done well in job creation in the last five years. Keyamo said this while appearing on Channels Television “Sunday Politics” programme. Festus Keyamo stated that the effort of the government has gone unnoticed because Nigeria’s population grows faster than the rate of job...
BREAKING: CBN Reduces Monetary Policy Rate To 12.5%
The Monetary Policy Committee (MPC) of Central Bank of Nigeria on Thursday reduced monetary policy rate (MPR), or the controlling lending rate to 12.5 percent, ABN TV reports. It, however, left other monetary policy parameters unchanged. Reading the communique of the meeting, CBN Governor, Mr. Godwin Emefiele, said the MPC resolved to retain the Liquidity Ratio at 30 percent, Cash Reserve...
BREAKING: CBN Reduces Monetary Policy Rate To 12.5%
The Monetary Policy Committee (MPC) of Central Bank of Nigeria on Thursday reduced monetary policy rate (MPR), or the controlling lending rate to 12.5 percent, ABN TV reports. It, however, left other monetary policy parameters unchanged. Reading the communique of the meeting, CBN Governor, Mr. Godwin Emefiele, said the MPC resolved to retain the Liquidity Ratio at 30 percent, Cash Reserve...
President Buhari Seeks Fresh $5.513bn Loan
The President, Muhammadu Buhari, has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn. Buhari, in the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation. The President...
President Buhari Seeks Fresh $5.513bn Loan
The President, Muhammadu Buhari, has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn. Buhari, in the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation. The President...
