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Buhari Media Organisation (BMO)

World Bank: Nigeria to surpass 2.5% growth projection – BMO

The Buhari Media Organisation (BMO) has tackled the International Monetary Fund (IMF) over its 2.5% economic growth projection for Nigeria, accusing the Fund of not carrying out a proper assessment of the nation’s economy.
The Federal Government will go the whole distance to put measures in place to address flooding on the Lagos-Ibadan rail line, Minister of Transportation, Rotimi Amaechi has assured.

Minister: Nigerian government to tackle flood-prone areas on Lagos-Ibadan rail line

The Federal Government will go the whole distance to put measures in place to address flooding on the Lagos-Ibadan rail line, Minister of Transportation, Rotimi Amaechi, has assured.
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.
Mrs Toki Mabogunje, President LCCI said this at the Chamber’s second quarterly briefing on the state of the economy on Tuesday in Lagos.

LCCI: Skill mismatch worsens Nigeria’s unemployment situation

The Lagos Chamber of Commerce and Industry (LCCI) has realised that skill mismatch contributes to persistent worsening of the Nigeria’s unemployment situation, its president, Mrs Toki Mabogunje, said on Tuesday.

Dangote fertiliser to train South East farmers

Dangote Fertiliser has promised to train farmers in the South East geopolitical zone on better ways of farming to ensure bumper yields.

DBN disburses N191.7 billion in 2020 to SMEs

Development Bank of Nigeria (DBN) Plc, has disbursed N191.7bn to small- and medium-scale enterprises in 2020, representing 89 percent increase on the N101.5bn it disbursed in 2019.
Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq made the announcement during a meeting with Governor Abdullahi Sule.

Nigerian government plans to educate 10 million out-of-school children under alternate school programme

The federal government has commenced plans to educate over 10 million out-of-school children in different parts of the country under the Alternate School Programme (ASP).
Seplat Petroleum Development Company

Seplat issues $650 million oil and gas bond

Seplat Petroleum Development Company, a Nigerian independent oil and gas firm, has issued $650 million in aggregate principal amount of senior notes due in 2026.
President Muhammadu Buhari has approved the renewal of the appointment of Mr. Alexander Ayoola Okoh as the Director-General, Bureau of Public Enterprises (BPE) for a second term of four years in accordance with the provision of Section 17 (1)(a) and (2)(a) of the Public Enterprise (Privatization & Commercialization) Act, 1999.

BPE chief sets 6-point agenda

The newly re-appointed Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has set up a 6-point agenda to chart the course of his administration in the next four years.
1. President Muhammadu Buhari, on Thursday, met with the new Chairman of Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, at the State House, Abuja.

Money laundering: EFCC seeks collaboration with Nigerians in diaspora

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdurrasheed Bawa, has called on Nigerians in Diaspora to support the Commission in the fight against Money laundering and other financial crimes.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, in her goodwill message yesterday during the commemoration of the “2021 International Women’s Day National Policy Dialogue,” noted that through the implementation of Finance Acts 2019 and 2020, the federal government is providing tax relief and other forms of support to micro, small and medium enterprises (MSMEs), many of which are owned by women.

Nigerian government explains failure of previous national plans

The federal government has traced the failure of previous national economic plans partly to inadequate cooperation and buy-in by sub-national governments.
The bill for the Chartered Institute of Forensic and Certified Fraud Examiners of Nigeria has scaled the First Reading in the House of Representatives .

Reps: Nigeria loses $90.5 million annually to shoddy aviation concession deals

The House of Representatives says Nigeria is losing $90.5 million annually to shoddy concession deals in the aviation sector.
Speaker of the House of Representatives, Femi Gbajabiamila, yesterday said that the parliament passed 2021 in good time to ensure the country maintains the January to December budget cycle started last year.

House speaker: Nigeria’s economy in dire straits

If not quickly addressed, the heightening insecurity in the country will wreck the country’s economy, Speaker of the House of Representatives, Femi Gbajabiamila, has warned.
Mr Adeniyi Adebayo, the Minister of Industry, Trade and Investment, says the Federal Government has initiated a process to revive the collapsed industries in Kano State.

Nigerian government to give N30,000 loan to 330,000 self-employed artisans

Under the supervision of the Ministry of Industry, Trade and Investment, the Bank of Industry has secured a $1 billion syndicated loan to support Micro, Small and Medium Enterprises (MSMEs).
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.
Lagos State governor, Mr. Babajide Sanwo-Olu, has commended the Dangote Group for building the biggest investment in the country in Lagos State, and for the positive development which the Dangote Oil Refinery and Dangote Fertiliser Complex would bring to Lagos and the Nigerian economy.

Lagos governor hails Aliko Dangote over refinery, fertiliser plant

Lagos State governor, Mr. Babajide Sanwo-Olu, has commended the Dangote Group for building the biggest investment in the country in Lagos State, and for the positive development which the Dangote Oil Refinery and Dangote Fertiliser Complex would bring to Lagos and the Nigerian economy.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor

The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants.
Yemi Osinbajo

NPHCDA: Coronavirus vaccines delivered to 35 states, FCT

A Federal Government agency has told the National Economic Council, NEC, that the COVID-19 vaccines have now been distributed across 35 states and the Federal Capital Territory, FCT, leaving just one state out.
Telecommunications remains the best enabler in expanding the frontiers of financial inclusion in Nigeria, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Umar Danbatta, has said.

NCC, Nile university to collaborate in software engineering, AI

The Nigerian Communications Commission (NCC) has welcomed the proposal by Nile University of Nigeria seeking its collaboration in the areas of software engineering, Artificial Intelligence (AI) and programming.
Cryptocurrency: “There is need for regulation and not prohibition of Cryptocurrency” - Vice President Yemi Osinbajo speaking at the CBN Bankers’ Forum today, 26th February 2021.

VP Osinbajo canvasses ppp approach to address Nigeria’s infrastructural deficit

Vice-President Yemi Osinbajo has stated that the only way to effectively address the massive infrastructural deficit that the country faces is by public-private partnership (PPP) arrangement in one form or the other.
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Abdulrasheed Bawa on Monday, March 8, 2021, charged all staff of the Commission to be disciplined and dedicated to their duties.

EFCC directs banks staff to declare assets, gives deadline

EFCC chairman Abdulrashed Bawa on Tuesday told reporters at the Presidential Villa that the move is part of measures to sanitise the nation’s financial system and block loopholes exploited by unscrupulous players to undermine the Nigerian economy through money laundering and illicit financial flows.

CBN governor: Trade restrictions policy to protect local industries

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable competition and to create jobs for Nigerians.

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Yoruba group dissociates self from secession clamour

The Agbajowo Advocacy for Yoruba People’s Rights, a pan-Yoruba socio/cultural organisation, has rejected secession clamours by some sections of the country.

North West group backs call for restructuring, others

The Nigerian Political Science Association (NPSA), North West Zone, at the weekend joined calls for the restructuring of the country.

Ogun chief: My life under threat over land tussle

The Oniraniken of Iraniken, Sagamu, Ogun State, Oba Adewale Adeniji, has raised the alarm over threat to his life over land dispute in his domain.

IMF urges governments to prioritize health care spending

The International Monetary Fund (IMF) has said while the pandemic continues, governments’ policies should first focus on escaping the crisis, prioritizing health care spending, providing well-targeted fiscal support, and maintaining accommodative monetary policy while monitoring financial stability risks.
Youths and Sports Development Minister Mr Sunday Dare has urged Nigerian athletes to keep hope alive on the occasion of the International Day of Sports for Development and Peace despite the COVID-19 pandemic.

NSF: I see young people with future in sports – minister

The minister of Youth and sports development, Chief Sunday Dare, said the ongoing Edo 2020 National Sports Festival in Benin City has rekindled Nigerian youths hope for a better tomorrow, saying he sees a lot of young people who have future in sports.

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Ash and smoke billow as the La Soufriere volcano erupts in Kingstown on the eastern Caribbean island of St. Vincent April 9, 2021. REUTERS-Robertson S. Henry-File Photo

St Vincent’s Caribbean residents wake to ash-covered streets, rumbling volcano

Residents of the eastern Caribbean island of St. Vincent on Saturday woke to rumbling noises emanating from the La Soufriere volcano that spectacularly erupted a day earlier, while a thin layer of ash coated rooftops, cars and roads.
The Inspector General of Police, IG Mohammed Adamu, yesterday vowed that the police would arrest the arsonists involved in the inferno that razed the house of Chief Sunday Igboho in Ibadan, Oyo State last Tuesday.

IGP: Police will not allow criminalities to succeed

The Inspector-General of Police, Mohammed Adamu, on Tuesday assured that the Force would not allow criminals to succeed in the country.
Nigeria Police

Security agencies move to stop further attacks on South-east

Sunday Ehigiator in Lagos, Gideon Arinze in Enugu, David-Chyddy Eleke in Awka, Benjamin Nworie in Abakaliki and Emmanuel Ugwu-Nwogo in Umuahia

Abia Assembly cautions member over negative utterances against governor

The leadership of the Abia State House of Assembly has cautioned member representing Bende North constituency, Hon Chijioke Chukwu, over consistent negative utterances against the present Peoples Democratic Party, PDP, administration in the state.
American talk show host and actress, Claudia Jordan, has apologised after she mistakenly tweeted that popular rapper, DMX, has died.

American actress apologises for mistakenly tweeting that DMX died

DMX reportedly suffered a drug overdose that triggered a heart attack last week Friday and is in the ICU at White Plains Hospital in New York. He also has COVID-19 to deal with.