BUSINESS
Senate Approves Buhari’s $6.1 Billion Loan
The Senate on Wednesday approved a loan request of $6.1 billion by President Muhammadu Buhari, ABN TV reports. The $6.1 billion which is about N2.343trillion was approved following the consideration of the report of the Senate Committee on Local and Foreign Debts at plenary. The Chairman of the committee, Senator Clifford Ordia, presented the report. President Buhari had in May, asked...
We’re Paying June Salary With Attendance Register, Nasarawa Gov. Sule Vows
Nasarawa State government said it would pay this month’s salary based on the attendance register of workers who did not participate in the ongoing workers strike in the state. This was contained in a statement after an emergency expanded executive council meeting presided over by the state governor, Engr Abdullahi Sule, at the weekend. It would be recalled that the organised...
Buhari Makes Another Appointment From Southeast As Obinna Becomes New PPPRA Chairman
Barely a week after the former Super Eagles captain, Mikel Obi was appointed youth ambassador by the federal government, President Muhammadu Buhari has approved the appointment of Mr Atuonwo Obinna as Chairman, Petroleum Product Pricing Regulatory Agency (PPPRA). Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, said this in a statement in Abuja Adesina said the...
Nigeria Will Continue To Borrow Responsibly – Senate President Lawan
President of the Senate, Ahmad Lawan, has explained why it is important for the Nigerian government to continue to borrow responsibly to fund critical projects in the country. He believes it is not feasible for the government to tax the people further in the face of the present economic situation and the nation’s infrastructure must be developed. The Senate President made...
Buhari Moves To Lift 100 Million Nigerians Out Of Poverty, Inaugurates Committee
President Muhammadu Buhari has inaugurated the National Steering Committee (NSC) of the National Poverty Reduction with Growth Strategy (NPRGS) to be chaired by the Vice President, Professor Yemi Osinbajo. In his remarks at the event on Tuesday in Abuja, the President reiterated his commitment to lifting 100 million Nigerians out of poverty in 10 years, with a well-researched framework for...
Oando, Ecobank Record Price Fall As Nigerian Stock Market Loses N54bn
The Nigerian equities market began trading for the week on Monday still in a negative mood with 0.27 percent loss due to renewed profit-taking. Specifically, the All-Share Index which opened for the week at 38,648.91 shed 103.61 points or 0.27 percent to close at 38,545.30. Accordingly, month-to-date gain moderated to 0.3 percent, while year-to-date loss increased to 4.3 percent. In the...
Rising Cost Of Food Items Pushes 7 Million Persons Into Poverty In Nigeria — World Bank
High inflation driven by soaring food prices has pushed seven million Nigerians into poverty, the World Bank said. In a new report, it commended Nigeria for buttressing its economy from fallout from the coronavirus pandemic but called for urgent measures to brake inflation and protect livelihoods. A major crude exporter, Africa’s largest and most populous economy again slipped into a recession...
We’ve Lot Of Capacity In Currency Printing, Says Emefiele As CBN Agrees To Mint For Gambia
The CBN Governor, Mr. Godwin Emefiele, agreed to the currency minting proposal from the Governor of the Central Bank of the Gambia, Mr. Buah Saidy, who led a delegation to visit him on Tuesday. Mr. Emefiele said Nigeria has a lot of capacity in currency printing as she has been minting since the 1960s and “we are willing to assist...
Curfew: “Save Our Livelihood, Means Of Survival In Abia” – De Latinos CEO Urges Govt
An entrepreneur and the CEO De Latinos, a leading hospitality organisation in Abia, Emmanuel Okenini aka Bello has decried the prolonged curfew imposed in various cities of Abia including Aba and Umuahia, saying it is putting their business under existential threat., ABN TV reports. Okeini said at a time when the industry was gradually getting its foot back on the...
Twitter Ban: Facebook, Instagram Must Register As Businesses In Nigeria – FG
The Nigerian government has said Twitter, Facebook, Instagram, and other social media giants must register in the country. This was revealed by the Minister of Information, Lai Mohammed while speaking to State House Correspondents on Wednesday. Mohammed claimed that Twitter, which was recently suspended by the federal government, has reached out to him for a “high-level” discussion. The Minister insisted that Twitter...
