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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Minister: Nigeria seeks $3.5 billion loan from IMF, AfDB

Nigeria’s finance minister Zainab Ahmed said the country has applied to the International Monetary Fund (IMF) and African Development Bank (AfDB) to access $3.5 billion in concessional funding to support the 2020 Budget.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigeria provides N102 billion intervention in healthcare sector – minister

The Federal Government has provided N102.5 billion in resources for direct interventions in the country’s healthcare sector, Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, has said.
The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

Minister: Why we suspended electricity tariff hike

The Minister of Power, Engr. Saleh Mamman, has explained that the suspension of take-off of the new electricity tariff hike till next three months was in line with President Muhammadu Buhari’s announcement of March 29 granting a moratorium for certain Federal Government’s funded facilities to the Nigerian public.

Akinwumi Adesina hails Victor Oladokun as he retires as AfDB’s communications chief

President of African Development Bank (AfDB), Dr Akinwumi Adesina, has commended the outgoing Director of Communication and External Relations Department of the bank, Dr. Victor Oladokun, for his exceptional leadership.

200,000 farmers benefit from $2.2 million fertilizer project

The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB signs first private sector loan in Sudan

The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The agreement is the Bank’s first private sector loan to the East African nation.
The Vice-Chancellor, University of Calabar, Prof. Zanna Akpagu, says the university will confer an honorary doctorate degree on the Liberian Vice President, Dr Jewel-Howard Taylor, during its convocation on Saturday.

University of Calabar to honour Liberian Vice President

The Vice-Chancellor, University of Calabar, Prof. Zanna Akpagu, says the university will confer an honorary doctorate degree on the Liberian Vice President, Dr Jewel-Haward Taylor, during its convocation on Saturday.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AFDB to invest $200 million on mini-grids roll out

The African Development Bank (AfDB) has disclosed plans to invest $200 million on roll-out of mini-grids to boost power supply in Nigeria.
The state Commissioner for Information and Communication, Mr Kingsley Fanwo, confirmed this to newsmen in Lokoja on Thursday.

National Assembly approves Kogi’s $100 million loan request

The Kogi State government says it has received the approval of the National Assembly to obtain a foreign loan of $100 million (N36 billion).

Abia governor seeks partnership with AfDB to transform state into industrial hub

Abia State Governor, Okezie Ikpeazu, Wednesday, told the African Development Bank that a thriving entrepreneurship industry and agricultural base in the State are the foundation for the creation of a potentially viable industrial hub.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate moves to establish national agric fund

Moves by the Senate to establish the National Agricultural Development Fund to provide finance to support strategic aspect of agricultural development in Nigeria.
Barrister Gnene Joi Nunieh

NDDC explains why Joi Nunieh was axed as acting chief

The Niger Delta Development Commission, NDDC, Thursday released the statement below countering claims on why its former Acting Managing Director/CEO, Gbene Dr. Joi Nunieh was removed from the post barely 8 weeks after her appointment.

African Union council endorses Akinwumi Adesina for second term as AfDB president

The Executive Council of the African Union has supported Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

Nigeria partners AfDB for special agro-industrial processing zones

The African Development Bank, AfDB, in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB earmarks $500 million for four agro zones in Nigeria

The African Development Bank (AfDB), has earmarked $500 million loan for the development of four agro-industrial zones across the country.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

Official: AfDB launches $500 million project to boost agriculture in Nigeria

The African Development Bank (AfDB) has launched a $500 million project to begin the implementation of special agro industrialised processing zones (SAPZ) to aid agricultural growth in Nigeria.
This aerial photograph shows the damaged communities in Macomia district, Mozambique, on April 27, 2019 following the destruction by Cyclone Kenneth. AFP

Mozambique on recovery path after devastation by cyclones

The International Monetary Fund (IMF) is expressing optimism that Mozambique’s economic recovery is on course, a year after the southern Africa country was beaten down by tropical cyclones Idai and Kenneth.

Nigeria to support agro-industrial processing zones, creates more jobs – minister

The Minister State for Agriculture, Mr Mustapha Shehuri, says Federal Government will support and promote Special Agro-Industrial Processing Zones (SAPZs) and creation of more job opportunities in the sector.

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The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA fixes petrol ex-depot price for N138.62

The Petroleum Products Pricing Regulatory Agency (PPPRA) kept the petrol dealers guessing on Tuesday when it approved an ex-depot price of N138.62 per litre for the Premium Motor Spirit (PMS) petrol and kept the pump price to its chest.
Senate Minority Leader, Hon. Ndudi Elumelu from Delta State. on Monday in a motion canvassed for adherence and respect to the concept of separation of powers as enshrined in the laws of Nigeria.

Rep Elumelu: Opposition lawmakers leading anti-corruption investigations

The Minority Leader of the House of Representatives, Rep. Ndudi Elumelu (PDP-Delta), says opposition lawmakers in the house have been at the center of unearthing and exposing acts of corruption in the country.
Gov. Bello Matawalle of Zamfara has lifted the ban on congregational prayers in Mosques and Churches placed to curtail the spread of the coronavirus in the state.

Zamfara schools to resume August 9

The Zamfara State Government has directed secondary schools in the state to reopen from August 9, to enable exiting students sit for Secondary School Certificate Examination (SSCE).
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Trading sustains positive trend, up by 0.31 per cent

Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.

NUC: 32 universities involved in research to tackle impacts of coronavirus

The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.