UGWUANYI APPROVES THE REVISED 2020 BUDGET

The Executive Governor of Enugu State, Ifeanyi Ugwuanyi has signed the revised 2020 budget of N146,374,641,080.00 into law, as against the earlier approved budget of N169,557,658,300.00. The revised 2020 budget…

KANO, KEBBI, OTHERS RECEIVE $500M LOAN FROM WORLD BANK

The World Bank has approved a $500 million credit to improve secondary education among females in seven Nigerian states namely Kano, Kebbi, Kaduna, Katsina, Borno, Plateau, and Ekiti. A statement…

NIGERIA SAVED N21BN USING IIPPIS, SAYS FG

The Federal Government on Tuesday announced that it saved N21bn by implementing the Integrated Personnel Payroll Information System across ministries, departments and agencies. It also stated the government was saving…

COVID-19 HAS MADE FINANCIAL ACCESS HARD, SAYS LCCI

The President, Lagos Chamber of Commerce and Industry, Mrs Toki Mabogunje, says that the COVID-19 pandemic has increased the risks and uncertainties around access to finance for the private sector…

BANKS SHAKE AS CBN SHORES UP NAIRA

The Central Bank of Nigeria has debited about N900bn out of the local banking system since raising the cash reserve ratio by five per cent to 27.5 per cent in…

NAIRA DROPS TO #472/$, AS FOREX SCARCITY PERSISTS

The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange scarcity persisted. The exchange rate was N440/$ in the parallel market in June,…

Netherlands, Switzerland to repatriate $200m Malabu deal cash –AGF

Nigeria is awaiting the return of $200m from the Netherlands and Switzerland from the Oil Prospecting Licence 245 deal, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami,…

14 airports now open to domestic flights – FG

The Federal Government on Sunday announced that14 airports were now opened for domestic commercial flight operations. https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js Minister of Aviation, Hadi Sirika, who announced this in a tweet through his…

ILLICIT REFINERY DISCOVERED IN RIVERS, BY THE NAVY

A naval drone has discovered an illegal refining site with 300,000 litres of diesel and a large wooden boat containing 314 barrels of crude oil in Cawthorne channel, Port Harcourt,…

NIGERIA’S DEBT GREW BY 127%, SAYS LCCI

Economy experts have expressed their discomfiture and worry over the rate at which the nation’s debt rises, a situation that questions the capacity at which the nation tends to service…