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The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

APC governors disown Godwin Obaseki over allegation of currency printing

The Progressive Governors’ Forum (PGF) has debunked claims by Governor Godwin Obaseki of Edo that the Federal Government printed between N50 billion – N60 billion in March.
Kebbi state Governor, Senator Abubakar Atiku Bagudu has charged all the Civil Societies and Non- Governmental Organizations in the state to partner with state government for progress and energies youths through empowerment activities.

N60 billion mint: APC governors disown Godwin Obaseki

The Progressive Governors’ Forum (PGF) yesterday debunked claims by Governor Godwin Obaseki of Edo State that the federal government printed between N50 billion – N60 billion to bridge the shortfall in the distribution of federation revenues to the three tiers of government in March 2021, saying that the claims did not reflect the true position of things.
Debt Management Office (DMO)

DMO lists N150 billion Nigerian government bonds for auction

The Debt Management Office (DMO) announced the auctioning of three federal government bonds of N150 billion at N1,000 per unit.
Ecuadorean banker Guillermo Lasso and his wife Maria de Lourdes Alcivar react after Lasso wins the presidential runoff vote, in Guayaquil, Ecuador April 11, 2021. REUTERS/Maria Fernanda Landin

Ecuador shuns socialism with Lasso’s surprise election

Ecuadorean banker Guillermo Lasso unexpectedly won the nation’s presidency on promises to revive an economy battered by coronavirus as his rival’s vows of a return to socialist largesse failed to win over a skeptical electorate.
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 sensitizes Nigerians on products, policies

Speaking at the fair with the theme: Promoting Financial Stability and Economic Development at Sultan Maccido Quranic institute, Sokoto, the CBN Governor Mr Godwin Emefiele said this was to enlighten the general public about the products and interventions of the bank to grow the nation’s economy.
Pedestrians walk in Buenos Aires' financial district, Argentina September 24, 2020. REUTERS-Agustin Marcarian

SDRs and debt holidays still just a band-aid for debt-hobbled countries

Debt experts, charity groups and investors welcomed news on Wednesday that the world’s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution.
Debt Management Office (DMO)

DMO opens FGN savings bond offer for subscription

The Debt Management Office (DMO) has announced the offering for subscription the 2 and 3 years federal government of Nigeria (FGN) savings bond for April 2021.
FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July.

FMDQ: Nigerian government can leverage derivative market to hedge against oil price volatility

FMDQ Securities Exchange Limited has disclosed that the federal government could leverage derivative product to hedge against crude oil price volatility, just as the global gross market value of Over the Counter, OTC derivative market hits $15.5 trillion in first half 2020, H1’20.
Deputy Speaker of the House of Representatives, Rt. Hon. Ahmed Idris Wase, has congratulated Vice President, Professor Yemi Osinbajo on his 64th birthday on Monday.

VP Osinbajo: President Buhari’s administration supporting growth of creative sector

Vice President, Yemi Osinbajo, has said the Muhammadu Buhari administration recognises the strategic importance of the entertainment and creative sector in growing the Nigerian economy.

Fidelity Bank keys into CBN’s new policy on diaspora remittance inflows

Fidelity Bank has restated support for the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by improving Diaspora remittances and foreign exchange (FX) inflows into the country.
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.

Coronavirus loans: CBN directs banks to extend discounted interest rates

The Central Bank of Nigeria (CBN) has directed commercial banks to formally extend repayment of credit facilities given to cushion the COVID-19 pandemic.

VON chief: Blame General Babangida for Nigeria’s insecurity

The Director General, Voice of Nigeria (VON) and a chieftain of the All Progressives Congress (APC), Mr. Osita Okechukwu, has blamed the insecurity challenge facing the country on the outcome of “Extreme-Poverty” planted in 1986 by the Structural Adjustment Programme (SAP) of the Ibrahim Babangida regime.
South African Finance Minister Tito Mboweni gestures as he delivers his budget speech at the parliament in Cape Town, South Africa, February 26, 2020. Reuters-Sumaya Hisham

South Africa’s economic rebound expected to trim budget deficits

South Africa’s consolidated fiscal deficit is expected to narrow this year because of an economic rebound, although the long-term trend of higher debt remains unchanged due to COVID-19 and pre-existing spending, a Reuters poll forecast on Friday.
Ned Nwoko

Ned Nwoko: There is conspiracy to assassinate me

A Nigerian Billionaire and former member of the House of Representatives, Prince Ned Nwoko on Thursday raised an alarm over an alleged conspiracy to assassinate him.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

Forex: Nigerian manufacturers seek policy review, rates unification

Manufacturers and industrialists on Wednesday appealed to the Federal Government and the Central Bank of Nigeria for a review of the available foreign exchange (FX) policies in the country.
The Ekiti State Governor, Kayode Fayemi, on Tuesday, briefed Mr Buhari on the limitations of the distribution of palliatives to vulnerable persons to curb the economic impact of the coronavirus.

NGF: Nigeria to get 140 million doses of coronavirus vaccines in 2021, 2022

The 36 state governors under the aegis of the Nigeria Governors’ Forum, NGF, have disclosed that the country will take delivery of 80 million doses of COVID-19 vaccines to cover 40 percent of the nation’s population this year, while another 60 million doses were being planned for 2022.
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.

Nigeria’s central bank retains lending rate

On Monday, the currency exchanged for 475 at the parallel market, against the 383 central bank’s official rate. Inflation hit 15.75 per cent in December 2020, the highest in three years, according to the National Bureau of Statistics.
The National Industrial Court in Abuja has ordered the Nigerian Bulk Electricity Trading (NBET) to pay a whistleblower, Sambo Abdullahi, all his salaries and other emoluments from December 22, 2017, till date.

Senate: How NBET mismanaged N50 billion in escrow account

Senator Matthew Urhoghide, Peoples Democratic Party, PDP, Edo South led Senate Committee on Public Accounts, which raised the alarm and exposed the mismanagement of public funds in the Escrow Account, has also discovered that the renegotiation was carried out after two years from 0.02 to 2 percent per annum.

Hong Kong emigration to Britain could mean $36bln capital outflow

Hong Kong residents leaving the city to move to Britain could trigger capital outflows of HK$280 billion ($36 billion) this year from the Asian financial centre, a new report published by Bank of America (BofA) said.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

2021: Banks to walk a tightrope amid low revenue environment

Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
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 warns global recovery could erode if coronavirus worsens

The World Bank on Tuesday downgraded its outlook for the global economy, and warned the situation could deteriorate if Covid-19 infections accelerate or the vaccine rollout is delayed.
The trial of two former French spies suspected of sharing secrets with China opened in a Paris criminal court Monday, behind closed doors for reasons of national security.

Lack of cooperation hinders China’s debt relief to Africa

China last month joined other members of the G20 in agreeing to suspend interest payments on all loans owed by dozens of low-income countries, in a bid to ease pressure on developing economies ravaged by the coronavirus pandemic.

Recent Stories

Washington responded with calm determination as former police officer Derek Chauvin was found guilty on all charges of murdering George Floyd, ending a trial that has put the country on edge as it confronts the realities of racial injustice and police violence.

Washington reacts to verdict in Derek Chauvin trial

Washington responded with calm determination as former police officer Derek Chauvin was found guilty on all charges of murdering George Floyd, ending a trial that has put the country on edge as it confronts the realities of racial injustice and police violence.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Kaduna: Gunmen attack Green Field university, abduct students

An unidentified number of students of Green Field University located along the Abuja-Kaduna highway have been abducted when armed men attacked the school.

LASIEC fixes Lagos council polls for July 24

Lagos State Independent Electoral Commission, LASIEC, has tentatively fixed the conduct of elections in the 20 Local Governments and 35 Local Council Development Areas, LCDAs, in the state for July 24, 2021, as clearly stated by the 1999 Nigerian Constitution of the Federal Republic of Nigeria.
The Senate has described as “erroneous” report that it approved fresh loan of N850 billion at the plenary on Tuesday.

Senate in heated debate over livestock control bill

The Senate at plenary yesterday had a heated debate on a Bill for an Act to provide for the National Livestock Bureau to ensure protection, control and management of livestock, registration and cattle rustling in the country.
Arsene Wenger

Arsene Wenger: Super League was a ‘weapon’ to get more out of UEFA

Former Arsenal manager Arsene Wenger believes the Super League was doomed from the start and that it was only created as a "strategic weapon to get more out of UEFA".

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Villarreal CF manager Unai Emery has tasked Samuel Chukwueze to score more goals after the Super Eagles fired a brace against UD Levante.

Villarreal coach wants Samuel Chukwueze score more goals

Villarreal CF manager Unai Emery has tasked Samuel Chukwueze to score more goals after the Super Eagles fired a brace against UD Levante.

Kano consumer protection agency seizes N1 billion fake drugs

The Kano State Consumer Protection Council (KSCPC), has seized over N1 billion worth of fake drugs and unwholesome foods across the state in the past three months of the year.
Liverpool manager Jurgen Klopp has hailed Leeds United’s fearless approach under coach Marcelo Bielsa and warned his players of the unique challenges the Yorkshire outfit pose, unlike any other team in the Premier League.

Jurgen Klopp hits back at Gary Neville over his Liverpool Super League rant

Jurgen Klopp launched an astonishing rant at Gary Neville for his comments about Liverpool’s European Super League plans.
Boko Haram - ISWAP - ISIS - Islamic State

Four soldiers, others dead as terrorists attack military base in Borno

Suspected armed Boko Haram terrorists on Friday invaded a military base in Kamuya village of Biu Local Government Area of Borno State, leaving four soldiers and many terrorists feared dead, sources have said.
Following the decision to host The Experience Lagos — an annual gospel event — virtual, Head Pastor of the Rock Cathedral, Paul Adefarasin, has underscored the importance of technology in a pandemic-riddled year.

Pastor Adefarasin, if Nigeria is a scam; then we’re all scammers

It is the bounden duty of every citizen to hold the government to account. In fact, citizenship is a call to duty – for the state. And there is no compelling duty which supersedes citizens subjecting their employees – the government – to scrutiny and constant vigilance. Criticising the government is within the rights of every citizen, and active citizenship demands taking the government through its paces. No government is without criticism, and none is too special for criticism.