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The President of the Institute of Chartered Accountants of Nigeria (ICAN), Mrs. Onome Joy Adewuyi, has called on Nigerians to embrace and patronize “Made-in-Nigeria” products post covid-19.

ICAN chief urged Nigerians to embrace Made-in-Nigeria products post-coronavirus

The President of the Institute of Chartered Accountants of Nigeria (ICAN), Mrs. Onome Joy Adewuyi, has called on Nigerians to embrace and patronize “Made-in-Nigeria” products post covid-19.
The Cabinet office of the United Kingdom has described a Nigerian Information Technology Consultant, Victor Osagie, as one of the best Britain has to offer due to his ingenuity in the mass production of ventilators to boost the National Health System.

Britain commends Nigerian ingenuity in mass ventilator production

The Cabinet office of the United Kingdom has described a Nigerian Information Technology Consultant, Victor Osagie, as one of the best Britain has to offer due to his ingenuity in the mass production of ventilators to boost the National Health System, NHS, fight against the Corona Virus pandemic.
The trial of suspected internet fraudster Ismaila Mustapha alias Mompha started today while he was admitted to bail.

Mompha inherited BDC coy from his father – EFCC witness

The Economic and Financial Crimes Commission on Friday closed its case in the N32.9 billion money laundering trial of an internet celebrity, Ismaila Mustapha (alias Mompha), before a Federal High Court in Lagos with the testimony of its 10th witness.
Nigeria Naira

Nigeria’s central bank ‘devalues’ Naira again

The Central Bank of Nigeria on Tuesday adjusted the value of the naira to exchange to the dollar at N381, as parts of measures to converge the nation’s multiple exchange rates and ensure stability.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti offers 6000 hectares as central bank set to empower cassava farming

Ekiti State government in partnership with the Central Bank of Nigeria (CBN), have entered into partnership to empower 1,000 farmers in the state for commercial production of Cassava.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stocks down by N1.14 trillion in first half

Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic.
The trial of suspected internet fraudster Ismaila Mustapha alias Mompha started today while he was admitted to bail.

Money laundering I never met with Mompha – witness

An Economic and Financial Crimes Commission (EFCC) prosecution witness, Abiodun Audu, in the ongoing trial of internet celebrity, Ismaila Mustapha, also known as Mompha, yesterday denied ever meeting him in the course of filing his company’s tax return.

Meter manufacturer urges Nigerian government to grant sector ‘special’ forex regime

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector.
Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.

How Nigeria plans to get economy back on track after the pandemic

The pandemic affected the price of oil, the mainstay of Nigeria’s revenue. This led to the reworking of the 2020 budget by the executive arm of government to reflect the current economic realities.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC docks man for N33.5 million forex scam in Uyo

The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Wednesday, May 27, 2020, arraigned one Okoro Chukwudi Goodluck before Justice Charles Ikpe of the State High Court, sitting in Uyo, Akwa Ibom State, on a seven-count charge bordering on conspiracy, obtaining by false pretence and stealing to the tune of N33,560,000 (Thirty-three Million, Five Hundred and Sixty Thousand Naira).
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 is heading towards recession

Nigeria’s Finance Minister, Zainab Ahmed, has revealed that the coronavirus pandemic and falling oil prices are set to force the county’s economy into recession.

Farmers seek availability of farm inputs to enhance harvest

An agriculturalist, Mr Wasiu Akinsoji, on Wednesday said availability of improved farm inputs to farmers would enhance harvest in the post-COVID-19 era to stabilise the economy.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Africa’s oil producers impacted by OPEC production cut

Crude oil prices rose marginally on Friday (May 1) as the Organization of Petroleum Exporting Countries (OPEC) and their allies started reducing output.
Algeria’s President Abdelmadjid Tebboune said on Twitter that he had ordered medical authorities to take maximum precaution after the coronavirus case was announced by the health minister.

Algeria cuts budget, increases minimum wage

The Algerian government decided Sunday to reduce the state budget by half due to a financial crisis caused by the global collapse in oil prices and worldwide coronavirus lockdowns.
Dangote Cement's chief executive Devakumar Edwin gestures during an interview with Reuters in his office in Ikoyi district in Lagos April 7, 2014. REUTERS-Akintunde Akinleye

Devakumar Edwin: Dangote promotes worker friendly environment

As workers globally marked the May Day, a case has been made for the collaboration between employers and employees to work out strategies to minimize the impact of the business shut down occasioned by the outbreak of Coronavirus pandemic.

Lockdown: Bureaux de Change excited to resume

The Association of Bureau De Change Operators of Nigeria (ABCON) on Thursday said it had sensitised its members and put in place key measures and actions for COVID-19 prevention and control in readiness to resume operations.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN resumes dollar sales for SMEs, school fees as naira falls to 450/$ at...

With gradual easing of the COVID-19 lockdown in Nigeria and elsewhere, Central Bank of Nigeria (CBN) says it has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country.
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

Fuel import: PPPRA engages central bank on forex for oil marketers

The Petroleum Products Pricing Regulatory Agency (PPPRA), Monday said it is engaging with the Central Bank of Nigeria (CBN) on ways to make foreign exchange accessible to private oil marketing companies seeking to import Premium Motor Spirit (PMS), also known as petrol, and other petroleum products.

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Gunmen kill Bauchi assemblyman, abduct wives, child

The Nigeria Police, Bauchi State Command has confirmed the killing of a member representing Dass constituency, Musa Mante Baraza in the Bauchi State House of Assembly, by unknown gunmen.