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The Federal Government will use part of the N2.3 trillion stimulus package to purchase locally produced items as buyer of last resort in line with its Economic Sustainability Plan, according to Vice President Yemi Osinbajo, SAN.
A dollar rebound faltered on Tuesday as political wrangling over a United States relief plan and the gloomy outlook weighed on the currency.
Kenya’s central bank governor said on Thursday that policymakers still have “plenty of firepower” to combat impact of the coronavirus crisis on the economy.
Around 80% of the materials that go into Lagos-based diaper and sanitary towel manufacturer Wemy’s products are imported. To buy them, Paul Odunaiya needs dollars, which he can no longer find.
Thirty-five leading Niger Delta-based civil society organisations, CSOs and community organisations, yesterday, demanded immediate freezing of withdrawals from all accounts of the Niger Delta Development Commission, NDDC, and cessation to reckless activities at the interventionist agency.
The Inspector-General of Police, Mohammed Adamu, has asked the Federal High Court in Abuja to dismiss a suit filed by the deposed Kano emir, Muhammadu Sanusi, over his banishment.
The Central Bank of Nigeria on Monday retained the country’s benchmark interest rate or Monetary Policy Rate at 12.5 per cent.
Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settlement risk.
Zimbabwean police have issued a warrant against the largest mobile phone operator Econet Wireless to hand over a list of its mobile money transactions and subscribers because authorities suspect it of involvement in money laundering, according to the warrant.
President Muhammadu Buhari has said that the improved gold mining operations in the country will generate no fewer than 250,000 jobs and over $500m annually in royalties and taxes to the Federal Government.
Lebanon’s Central Bank has set up a committee to restructure financially-stricken commercial banks and study their performance, a memo by the bank seen by Reuters on Thursday showed.
The House of Representatives Committee on the Niger Delta Development Commission (NDDC), on Wednesday, interrogated officials of the Central Bank of Nigeria, the Accountant-General of the Federation and the Auditor-General of the Federation over an alleged N82.5bn spent by the NDDC between January and May 2020.
The Minister of Niger Delta Affairs, Godswill Akpabio, on Tuesday, said the present regime was committed to repositioning the Niger Delta Development Commission despite the grumblings being experienced.
The Democratic Republic of Congo’s central bank kept its 2020 economic growth forecast unchanged at -2.4% because of the uncertainty over the COVID-19 pandemic.
Power Distribution Companies (DisCos) have advocated a Central Bank-funded massive meters roll-out project, to ensure that electricity customers were adequately metered.
The South African central bank reduced its government bond purchases to 5 billion rand ($292.64 million) in June, half the monthly average, bringing its bond holdings to 35.9 billion rand, data showed on Tuesday.
Chairman Senate committee on sports and Ebonyi state Football Association boss Senator Obinna Ogba has been appointed as the new Chairman of the 2nd tier Nigeria National League NNL.
The Muslim Rights Concern (MURIC), on Tuesday said it has no link with any terrorist group in or outside Nigeria.
The ongoing political drama in Edo State on Monday shifted to Abuja where some aggrieved members of the All Progressives Congress (APC) have approached the Federal High Court with a suit seeking the disqualification of the party’s candidate for Governor, Pastor Osagie Ize-Iyamu, and candidate for Deputy Governor Mr Audu Ganiyu, in the forthcoming governorship election in the State.
Former Nigeria President, Olusegun Obasanjo, says he doesn’t care what is said about him or how he is remembered, when he passes on.
Super Eagles Captain, Ahmed Musa, ended his bad run in front of goal when he scored in AL Nassr’s 2 – 0 win over Abha on Monday.
Al-Nassr winger and Super Eagles captain Ahmed Musa has announced the birth of a baby boy to his family.
Nigerian Senate Committee Chairman on Health Dr Ibrahim Oloriegbe has disclosed plans by the National Assembly to review the National Health Insurance Authority Bill.
Real Madrid are reportedly plotting a stunning bid for Juventus superstar Paulo Dybala this summer.
Acting Vice Chancellor of the University of Port Harcourt, Prof. Stephen Okodudu, has expressed worries over the lingering crises rocking the institution.
Latest information from the Presidential Task Team, PTT, on Restoration of Law and Order in Apapa environment has indicated that sufficient relief on the traffic crises in the area would come in December 2020 when the reconstruction work is targeted for completion.