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Lagos State Governor, Babajide Sanwo-Olu, has approved the resumption of all Public Servants on GL 1 -12 with effect from Monday, November 2, 2020.

President Buhari declares 2020 Lagos trade fair open

President Muhammadu Buhari on Friday declared the 2020 edition of the Lagos International Trade Fair open, reiterating the Federal Government’s commitment to revamping Nigeria’s Industrial Revolution Plan (NIRP).

Central bank chief projects exit from recession Q1 2021

The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.

Nigerian government seeks new Eurobond

On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
Minister of Finance, Zainab Ahmed

Recession: Nigeria doing better than some other economies – minster

Zainab Ahmed, the minister of finance, budget and national planning, says the recession will be short-lived.

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Nigerian government insists on deregulation of petroleum industry, alternative fuel

Minister of State for Petroleum, Timipre Sylva, has again explained that the Federal Government is no longer in the business of fixing petroleum pump prices.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

No plans to increase VAT again – minister

The federal government has no plans to increase Value Added Tax (VAT) again, the Minister of Finance, Zainab Ahmed, has said.
Algeria’s Supreme Islamic Council said the National Bank of Algeria (BNA) had become the first state bank to obtain a sharia compliance certificate from the Sharia Board for issuing Fatwas for the Islamic Finance Industry.

Algeria allows first Islamic finance products by state banks

Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources to cope with financial problems caused by a fall in energy revenues.
Recall that the N10.594 trillion 2020 Budget passed by the National Assembly was on Tuesday assented to by President Muhammadu Buhari. 4

President Buhari’s speech at signing into law of revised 2020 budget

Speech by His Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria at the signing into law of the Appropriation (Repeal and Amendment) Act, 2020 Presidential Villa, Abuja. Friday, 10TH July, 2019
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Nigerian government explains reasons behind deregulation policy

The federal government has said in view of recent misguided comments and innuendos, it has become expedient for the Ministry of Petroleum to explain misconceptions around the issue of Petroleum Products Deregulation.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank: Nigeria faces worst recession in 40 years

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.
Nigerian Youths

Nigerian youths tasked to exploit digital skills as means of survival

Nigerian youths have been advised to join hands with the government to acquire necessary digital skills for self-reliance, post-COVID-19 era.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi Aramco profit plunges

Saudi Arabian state oil giant Aramco on Tuesday reported a 25 percent fall in first-quarter net profit, hurt by lower oil prices and coronavirus.
Clement Agba, the Minister of State, Federal Ministry of Finance, Budget And National Planning has reiterated the Federal Government’s determination to go into partnerships to create jobs as well as boost the economy.

Nigeria expects injection of N2 trillion stimulus into the economy – minister

Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, has said that the Federal Government expects the injection of about N2 trillion stimulus into the economy in response to the COVID-19 pandemic and the fall in oil prices.
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: Nigerians should be ready to pay higher for fuel

Executive Secretary, the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, has said Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place.
The Senator representing Rivers South East Senatorial District, Barinada Mpigi, has said that Carveton Helicopters violated Rivers State laws by flying into Port-Harcourt in disregard for laws to prevent the spread of COVID-19 in the State.

Carveton helicopters: Rivers senator backs governor

The Senator representing Rivers South East Senatorial District, Barinada Mpigi, has said that Carveton Helicopters violated Rivers State laws by flying into Port-Harcourt in disregard for laws to prevent the spread of COVID-19 in the State.
Chairman of the Presidential Taskforce on Covid-19 and Secretary to the Government of the Federation, Mr Boss Mustapha, who stated this yesterday during the daily briefing of the Taskforce, added that the federal government would also put in place measures to control the movement of nomadic herdsmen who go across the border in search of greener pastures for their cattle.

Nigeria warns states against relaxing coronavirus regulations

Some state governments recently met with religious leaders and relaxed their regulations with respect to having a gathering of not less than 30 or even 20 people gathered in a place at any given time.

Crude oil prices inch up after US record $2 trillion stimulus

Crude oil prices went up at trade opening on Wednesday with optimism that the $2 trillion aid package to stimulate the American economy would increase crude demand.

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State Governor Aminu Bello Masari urged security agencies and healthcare professionals to ensure compliance with the directive.

Katsina to shore up investment climate, hosts summit in 2021

The Katsina State Government have declared its determination to shore up her investment climate in the state and have therefore designated 2021 for the take off of its aggressive investment promotion campaigns, aimed at boosting the economic and social development of the state as well promote wealth and employment creation.
YIAGA Africa

Bye-elections: Yiaga scores INEC average on preparation, predicts low turnout

An election observer, Yiaga Africa, Friday, ahead of bye-election across the six geopolitical zones of the country, scored the Independent National Electoral Commission’s preparedness on average while it predicted low voter turnout.
INEC Card Reader

Bye-election: Bandits disrupt voting in Zamfara

Suspected armed bandits on Saturday disrupted the voting process during the State Assembly election in Oroji village in Rini ward of Bakura local government area of Zamfara state.
Speaking at a press conference on the violence that trailed the EndSARS protests in Abuja, the Minister of Information and Communication, Alhaji Lai Mohammed said social media was used to spread fake news and disinformation that catalyzed the violence that was witnessed across the country.

Lai Mohammed: Social media has come to stay

The Federal Government said on Friday that despite that fake news and misinformation on social media fuelled the recent #EndSARS crisis, it would not shut down the internet or stifle press freedom.
Aminu Bello Masari

Katsina governor approves automatic employment for first class graduates of state’s varsity

Governor Bello Masari of katsina State has approved automatic employment of first class graduates of the state University: Umaru Musa Yar’Adua University, UMYU, into the civil service of the state.