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 […]

In a renewed effort aimed at getting all workers in its employment to enroll on the Integrated Personnel and Payroll System (IPPIS), the federal government has issued a fresh directive to all staff of ministries, departments and agencies (MDAs) to enroll on the scheme on or before Thursday, June 18, 2020. The latest directive by […]

The federal government has received vital medical supplies that are worth $22 million from the European Union (EU) and the United Nations (UN) to boost its fight against the spread of COVID-19 pandemic disease in the country. A statement issued yesterday from the Department of Communication, Advocacy and Partnerships, United Nations Children’s Fund (UNICEF), and […]

Nigeria has recorded 436 new cases of COVID-19, bringing to 20,244 the number of confirmed infections in the country. A breakdown yesterday by the Nigeria Centre for Disease Control (NCDC) showed that Lagos recorded 169 new cases; Oyo, 52; Plateau, 32; Imo, 29; Kaduna, 28; Ogun, 23; Federal Capital Territory (FCT) and Enugu 18 each; […]

The federal government has demanded an urgent action from Ghana over the attack on the Nigerian High Commission in Accra, the Ghanaian capital. Armed men had invaded the commission in Accra to supervise the demolition of a building under construction by the high commission. The attack violates the Vienna Convention on Diplomatic Relations whose Article […]

…Targets N432bn disbursement for 2020 Wet farming season The Central Bank of Nigeria (CBN) has disclosed that it plans to release a framework for the integration of non-interest window in all its intervention programmes. The interventions especially targeted are the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF) to  support households and Micro, […]