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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.

Central bank unveils non-interest guidelines for AGSMEIS, MSMEDF, others

The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet.
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 accused of secrecy in indices guiding petroleum pump price

The Women in Energy Network (WIEN) has accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of secrecy in the computation of the indices guiding pump prices of petroleum products.
Zainab Ahmed

Finance minister presents draft 2021 to 2023 MTEF to NEC

Hajia Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday presented the draft 2021 to 2023 Medium Term Expenditure Framework(MTEF) as well as the Fiscal Strategy Paper to the National Economic Council (NEC).
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS extends tax debt payments

The Federal Inland Revenue Service (FIRS) has further extended the closing date of its waiver of penalty and interest window on tax debts owed by individuals and businesses from June 30, 2020 to August 31st, 2020.
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 Director General of the Securities and Exchange Commission, SEC, Lamido Yuguda, has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.

New SEC chief Lamido Yuguda assumes office

The Director General of the Securities and Exchange Commission, SEC, Lamido Yuguda, has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.
The Nigerian Economic Summit Group (NESG) has confirmed that dialogue in national transformation at this year’s economic summit will focus on job creation, youth empowerment and entrepreneurship.

Nigerian government inaugurates joint planning committee for economic summit

The Federal Government has inaugurated the Joint Planning Committee (JPC) for the 26th Nigerian Economic Summit (NES#26) scheduled to hold in October 2020.

NITDA rolls out policies to retain 100,000 jobs, creates 30,000 jobs

National Information Technology Development Agency (NITDA) has put numerous efforts in creating an enabling environment for the purpose of cushioning the effect of the pandemic and creating more jobs, the director-general of NITDA, Mallam Kashifu Inuwa has said.
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.

Petrol price hike a move to end subsidy regime – expert

Nigeria’s first professor of the Capital Market and former Imo State Finance Commissioner, Prof Uche Uwaleke, on Wednesday described the hike in petrol price from N123.50k/litre to a price band of N140.80 to N143.80 as an indication that the Federal Government was ready to gradually exit the fuel subsidy regime.
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.
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: We’ll steer Nigeria away from recession

The Central Bank of Nigeria on Wednesday said it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due to the impact of COVID-19.
The Lagos State Governor, Babajide Sanwo-Olu, has directed the reopening of markets on selected days in the state.

Mixed reactions trail Lagos guidelines on re-opening economy

Varied reactions greeted Friday’s roll-out of guidelines for Lagos State post-lock down businesses re-opening by Governor Babajide Sanwo-Olu.
As part of its ongoing effort to revitalise the growth of SME’s in the Health Sector, Polaris Bank has announced the introduction of a new Polaris Health Sector Loan bundle to support the growth of the sector.

Polaris Bank optimistic on post-coronavirus performance

Polaris Bank plans to leverage its investment in cutting-edge information technology to harness emerging opportunities and mitigate the disruptive effect of the COVID-19 pandemic on its business.
MURIC Director, Prof. Ishaq Akintola, said this in a statement on Monday in Lagos.

MURIC demands special palliatives for imams, pastors

The Muslim Rights Concern, MURIC, on Wednesday, advised State governments to consider “giving special palliatives to Imams and pastors” in order to cushion the effect of the lockdown occasioned by COVID-19.

Senate asks federal government to expedite actions on completion of Ajaokuta steel plant

The Senate Tuesday asked the Federal Government to as a matter of urgency, expedite action towards the completion of the Ajaokuta steel plant.
Senator Abdullahi Adamu has called on Nigerians to join hands in supporting the Federal Government to overcome the lingering security challenges in the country.

Senate moves to ensure food security to avert emergency crises

The Senate on Tuesday commenced legislative work on a critical bill to ensure food security for Nigeria with the establishment of the Food Reserve Agency to avert any form of emergency food crises in the future.
Nigeria can longer depend on the oil sector for survival after the COVID-19 pandemic, the Plateau State Commissioner for Agriculture, Dr Hosea Istifanus Finangwai, warned on Monday.

Nigeria can no longer depend on oil for survival – Plateau commissioner

Nigeria can longer depend on the oil sector for survival after the COVID-19 pandemic, the Plateau State Commissioner for Agriculture, Dr Hosea Istifanus Finangwai, warned on Monday.

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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.

Central bank seeks special court to try loan defaulters

As the national assembly prepares to repeal the Banks and Other Financial Institutions Act (BOFIA) 2004 and enact a new one, BOFIA 2020, Central Bank of Nigeria (CBN) has asked for the establishment of a Credit Tribunal to address the issue of non-performing loans.
Jose Mourinho has sent a message to Marcus Rashford after scoring a brace in the 2-1 victory over Tottenham Hotspurs in the Premier League encounter at Old Trafford.

Marcus Rashford to receive honour for charity work

Marcus Rashford to become the youngest person to receive an honorary doctorate from the University of Manchester for his work campaigning against child poverty and his sporting achievements.
L-R: Chairman, South West Governor’s Forum and Ondo State Governor, Arakunrin Rotimi Akeredolu; his Counterparts from Osun, Ogun, Lagos, Ekiti and Oyo States, Mr. Gboyega Oyetola; Prince Dapo Abiodun; Mr. Babajide Sanwo-Olu; Dr. Kayode Fayemi and Mr. Seyi Makinde

South-West states ready to reopen schools for WASSCE

The six South-West states have signified readiness to reopen schools for pupils to sit for the 2020 West African Senior School Certificate Examination amid the coronavirus pandemic.
Scientists around the world are building up their knowledge about the coronavirus, as they frantically search for a cure and vaccine.

Bangladesh arrests hospital owner over fake coronavirus results

A Bangladesh hospital owner accused of issuing thousands of fake negative coronavirus test results to patients at his two clinics was arrested Wednesday while trying to flee to India in a burqa, police said.
Everton manager, Carlo Ancelotti, has hinted that he will look to bring in midfield reinforcements after that area of his team was exposed in Sunday’s defeat to Wolves.

Carlo Ancelotti plans to overhaul Everton’s midfield

Everton manager, Carlo Ancelotti, has hinted that he will look to bring in midfield reinforcements after that area of his team was exposed in Sunday’s defeat to Wolves.