BUSINESS
FG considers $2.8 billion external loan for 2020 budget
The Debt Management Office (DMO) on Friday said the Nigerian government was considering taking a loan from foreign sources to fund the 2020 budget signed into law by President Muhammadu Buhari a month ago. On December 17, 2019, Mr Buhari, who travelled to the United Kingdom today for an investment summit starting next Monday, signed the 2020 Appropriation Bill into...
After Two Hour Delay, Airlines To Make 100% Refund To Passengers — FG
Airline operators in the country must refund the full cost of travel tickets to passengers after a two-hour delay, the Federal Government has said. Minister of Aviation, Hadi Sirika, made this known on Thursday at the weekly State House Briefing in Aso Villa, Abuja. He read some of the rights of aviation passengers at the briefing and charged them to demand...
Buhari Jets Out To Portugal, To Take Part In UN Ocean Conference
President Muhammadu Buhari will on Tuesday, June 28, depart Abuja on a State Visit to Portugal at the invitation of President Marcelo Rebelo de Sousa. The President, who will hold official talks with his Portuguese counterpart will be conferred with ...
Gov. Otti Denies Spending Almost One Billion Naira on Feeding, Personal Welfare
Abia State Governor, Dr. Alex Otti has denied spending nearly one billion Naira on his feeding and personal welfare, saying such information is untrue, ABN TV reports. The governor's chief press secretary, Kazie Uko, and his Special Adviser on Media and Publicity, Ferdinand Ekeoma in a statement titled, "ABIA STATE Q3 BUDGET EXPENSES: UNDERSTANDING THE ISSUES" said Abia State Government...
Ikpeazu Trains Over 350 Youths, Women In Entrepreneurship, Doles Out N2.4 Million
No fewer than 400 youths and Women in Onitsha North and South of Anambra State have been trained in entrepreneurial skills to be employers of labour, attracted by Hon. Lynda Chuba Ikpeazu. The participants after the training on how to produce Bleach, Dettol, Izal, Liquid soap, Car wash, Shambo, Vasiline, Aftershave and insecticide received certificates and the sum of N60,000...
Gombe Govt. Commences Sale Of Fertilizer At 50% Discounted Rate To Farmers
The Gombe State governor, Muhammadu Inuwa Yahaya, Thursday launched the sale and distribution of subsidised fertilisers to farmers in the state. Speaking at the flag-off ceremony at the fertiliser blending plant in Gombe, Governor Yahaya pegged the price at N22,000, a 50 per cent discount, to relieve farmers of their financial burden. He said 50 per cent of the total fertilisers...
Bovibes Entertainment Commences Recruitment [See Positions]
Bovibes Entertainment has commenced recruitment to fill existing vacancies in the organisation. The vacant positions are office Secretary, photographers, videographers, video editors, and sound engineers. Others are producers, DJs, and instrumentalists. The organization says interested candidates must have excellent experience in the position applied for and be based in Umuahia or its environs. It calls on applicants to forward their CV using the...
FG Has Secured $30bn Investment In Last One Year, Says Minister Of Trade And Investment
Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite said Nigeria had secured an investment commitment of over $ 30 billion in the last one year. She spoke on plans to establish commercial courts across the country to adjudicate business cases. She said the government had approved N430 million to fix the Lagos International Trade Fair Complex, adding that the complex...
Cable TV: Reps Move To Break Monopoly, Make Pay-Per-View Compulsory
The Deputy Chairman of the Committee on Communication, House of Representatives, Unyime Idem, has said Nigerians will soon be enjoying pay-per-view bouquets. Idem, who is representing Ukanafun/Orukanam Federal Constituency in Akwa Ibom State, is chairman of the ad hoc committee set up by the House of Representatives to investigate tariff increment by cable/satellite television service providers in Nigeria. The House had...
Nigeria At Risk Of Debt Distress — Report
Nigeria is at a very high risk of debt distress, a report released by an Abuja-based policy think tank, Agora Policy, has said. The report noted that “despite official statements about the sustainability of Nigeria’s growing debts, the public debt is not only understated but has also become a major drag on public finance”. According to the report, “the proportion of...
