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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.
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.
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 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.
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.
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.
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.
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 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) has directed commercial banks to formally extend repayment of credit facilities given to cushion the COVID-19 pandemic.
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 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.
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 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.
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 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.
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.
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.
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.
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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.
An unidentified number of students of Green Field University located along the Abuja-Kaduna highway have been abducted when armed men attacked the school.
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 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.
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".
Villarreal CF manager Unai Emery has tasked Samuel Chukwueze to score more goals after the Super Eagles fired a brace against UD Levante.
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.
Jurgen Klopp launched an astonishing rant at Gary Neville for his comments about Liverpool’s European Super League plans.
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.
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.