CBN

In its move to ensure the success of federal government’s diversification of Nigeria’s economy from oil to agriculture based, the Central Bank of Nigeria (CBN), has in conjunction with the Department of State Services (DSS) initiated a robust anti-smuggling drive.

The Nigeria Governors’ Forum (NGF) and MTN Nigeria have agreed to use the vulnerability model to drive a data-driven approach to stopping the spread of the coronavirus (COVID-19) in the country.

Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government and Central Bank of Nigeria (CBN) to “provide spending details of public funds and private sector donations to provide socio-economic benefits to the country’s poorest and most vulnerable people, including details of beneficiaries of any cash payments, cash transfers, food distribution and other benefits during the lockdown in Abuja; Lagos and Ogun states because of COVID-19.”

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic.

Governors, under the aegis of the Nigeria Governors’ Forum, NGF, have asked the federal government to urgently put in place measures that would help in the acceleration of an arrangement to suspend all state deductions and restructure all debt service payments on debts owed the central government and the Central Bank of Nigeria, CBN.

President Muhammadu Buhari yesterday met with the Presidential Committee on the impact of the coronavirus on Nigeria’s economy, and directed the Ministry of Finance and National Planning to ensure that salaries were paid.

Innoson Motors has approached the Nigerian government for a loan as it prepares to start producing ventilators and other medical equipment to support the country’s beleaguered public health infrastructure, the company told newsmen Wednesday.

President Muhammadu Buhari on Thursday met with the Presidential Committee on the impact of the coronavirus on Nigeria’s economy, and directed the Ministry of Finance and National Planning to ensure that salaries were paid.

He also directed the ministry to ensure that critical infrastructure like roads, rails are protected and as much as possible, use local inputs so that the country retains value within her economy.

At least 37 donors from the private sector have donated over N15 billion to the Private Sector Coalition Against COVID-19 (CACOVID) account domiciled at the Central Bank of Nigeria (CBN).

Speaker of the House of Representatives, Femi Gbajabiamila, last night regretted the current poor power supply in the country, declaring that making life more miserable for Nigerians who were on lockdown over the coronavirus pandemic was unacceptable.

The Speaker of Nigeria’s House of Representatives, Rep. Femi Gbajabiamila, on Wednesday met with the Minister of Power, Mr. Sale Mamman and the management of the National Electricity Regulatory Commission over a viral video by Nollywood actress, Ada Ameh.

The managers of DStv and GOtv, Multichoice Nigeria, has announced a donation of N200 million and N50 million to federal and Lagos State governments respectively to support efforts in ameliorating the impact of the COVID-19 outbreak in Nigeria.

Owners and operators of petrol stations across the country, on the platform of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, on Wednesday, disclosed that the recent fuel price reduction was a risk to their businesses operations.

The Federal Government has announced a further reduction in the Premium Motor Spirit (PMS)’s pump price to N123.50 per litre.

President Muhammadu Buhari on Monday appointed Vice President Yemi Osinbajo to head the Economic Sustainability Committee.

The central bank has temporarily suspended cheque clearing in the Nigerian banking system as President Muhammadu Buhari ordered lockdown takes effect midnight Monday in a bid to curb the spread of the coronavirus.

Billionaire businessman and one of Africa’s richest entrepreneurs, Mike Adenuga, on Monday, announced a donation of N1.5 billion to the initiatives to combat coronavirus in Nigeria.