The Senate has called on the Federal Government, to as a matter of urgency, reconstruct and rebuild infrastructure destroyed by hoodlums during the #EndSARS protest in Lagos and Calabar. The upper chamber gave the charge during plenary on Tuesday, following consideration of two separate motions brought to the floor by Senators Biodun Olujimi (PDP – […]

The Federal Government yesterday disbursed N10billion to artisan who applied under the Micro Small and Medium Enterprise MSMEs survival fund. The Minister of State, Industry, Trade and Investment, Mariam Katagum who is the Chairperson, steering Committee on survival fund and guarantee off-take schemes Disclosed this during a briefing in Abuja, stating that approval was made […]

The House of Representatives at the resumption of plenary on Tuesday, after over an hour of debate, passed for second reading the new Petroleum Industrial Bill (PIB), transmitted to it by President Muhammadu Buhari in September, 2020. Members of the House unanimously supported its passage after taking turns to contribute to the passage of the […]

…to increase intervention fund to ₦300bn to aid recession exit The Central Bank of Nigeria (CBN) has labeled the foreign exchange parallel market as tainted and a channel for bribery and corruption. CBN governor Godwin Emefiele took a swipe at analysts who ascribe parallel market figures as the country’s exchange rate. Emefiele stated this at […]

As part of non-monetary palliative to cushion the of COVID-19, the Minister of Federal Capital Territory (FCT), Malam Muhammad Bello, has approved waiver on signage for business interests within the territory. Bello announced this on Tuesday at the official flag-off of the bills distribution ceremony and road show organised by the Department of Outdoor Advertisement […]

There were indications yesterday that the naira had fallen to its weakest level in six weeks in informal trading as Central Bank of Nigeria (CBN) interventions in the official window failed to meet demand. At the parallel market yesterday, the naira changed hands for N470 per dollar, the lowest since September 29, according to abokifx.com, a […]

In a move aimed at enhancing the reliability and resilience of the Nigerian financial system for sustainable growth and development of its economy, President Muhammadu Buhari yesterday in Abuja assented to the Banks and Other Financial Institutions (BOFI) Bill 2020. Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, in a […]

As part of efforts to mitigate the effect of COVID-19, the federal government is in the process of securing a $750 million World Bank loan on behalf of the states of the federation, to help stimulate the local economy and support consumption by vulnerable households. The Minister of Finance, Budget and National Planning, Mrs. Zainab […]

A princely sum of N13.642 billion has been released to pay hazard allowances and group life insurance to health workers and federal civil servants, the Federal Government announced on Sunday. The announcement came on a day the National Association of Resident Doctors (NARD) said it was suspending its one-week-old strike for four weeks to give […]

Vice President Yemi Osinbajo yesterday said Nigerians are willing to pay for electricity only if the services they receive from the distribution companies are constant and better. Speaking during a webinar on “Economic Sustainability Beyond COVID-19,” organised by Emmanuel Chapel, the vice president said it is not true that Nigerians do not want to pay […]