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The Central Bank of Nigeria (CBN) has instructed Bureau De Change (BDC) operators in Nigeria to sell dollars at N392 to end-users.
The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.
On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
Feed millers, under the aegis of Feed Industry Practitioner Association of Nigeria, FIPAN, warned of the impending food crisis in the livestock sub-sector of the agricultural sector due to spike in the cost of maize and soya beans, which are important for the feed preparation of livestock animals.
Lillian Akhigbe, Communications Manager, in a statement on Thursday, noted that successive governments at all tiers neglected Small and Medium-scale Enterprises (SMEs).
Rising from its monthly meeting held at the country home of its national leader, Pa Reuben Fasoranti in Akure, the Ondo state capital, the Group opposed the proposed rail line and an N30bn highway to connect the Niger Republic with Nigeria.
The Niger State Government on Thursday confirmed its decision to slash the salaries of all workers including that of all political appointees, the governor and his deputy, saying its action is unavoidable.
The Senate President, Ahmed Lawan, has officially recieved and endorsed the All Progressives Congress (APC) and the Progressive Governors Forum (PGF) monthly official magazine, The Progressive.
The Minister of Information and Culture, Alhaji Lai Mohammed, says the news of Nigeria entering recession marks a positive development for the nation’s economy.
The Federal Executive Council (FEC) meeting, presided over by President Muhammadu Buhari, has approved N21.9 billion for the rehabilitation and repairs of roads in Yobe, Edo and Taraba States.
The Federal Government has allayed fears in some quarters that the current economic recession in the country will affect the prompt payment of workers’ salaries in November and December 2020.
Briefing State House Correspondents on Wednesday after the virtual FEC meeting presided over by President Muhammadu Buhari at the Aso Rock Presidential Villa, Abuja, the Minister of Works and Housing, Babatunde Fasola, and Special Adviser to the President on Media and Publicity, Mr Femi Adesina, gave breakdowns of the approvals.
Despite the country sliding into recession and pressure to tinker with its fiscal policies, the Federal Government will not retrieve or adjust the 2021 budget now being considered in the National Assembly.
Nigeria’s Finance Minister, Mrs. Zainab Ahmed, has reassured the citizens that the country will soon exit recession just as he insisted that there are no issues with federal workers’ salary because of the current economic situation in the country.
Suspected kidnappers, last Wednesday, invaded a church at Gudugbe Alagbon in Wasinmi area of Ewekoro Local Government, during vigil service, attacked members and subsequently kidnapped a member.
The Ogun State Government has said that its agency is working assiduously to contain the spread of Human Immuno Deficiency Virus/Acquired Immuno Deficiency Syndrome (HIV/AIDS), against its spread as against the report that it has the highest numbers of the affected persons.
Following the viral video of the ‘Drunk Policeman’ at CBN Junction in Abuja at the weekend, the FCT Police Command has identified, arrested and taken into custody the Police Inspector shown in the video.
The Senator representing Niger East Senatorial District, Mohammed Sani Musa, has instituted scholarship programme for no fewer than 1,000 indigents students in secondary and tertiary institutions from his Senatorial zone as part of deliberate efforts to assist the underprivileged to acquire western education in the area.
The Kogi State commissioner for Information and Communication, Mr. Kingsley Fanwo has said that many people have asked Kogi State governor, Alhaji Yahaya Bello, to contest the 2023 presidential race.
Center for Reproductive Rights and Legal Defence and Assistance Project (LEDAP) has said that out of the 2.2 million Internally Displaced Persons, IDPs in Nigeria, 1.17 million are women while 510,555 are girls of reproductive age.
The Minister of Works and Housing, Mr. Babatunde Fashola, has said although the issue of zoning was more of gentlemen’s agreements, political parties who entered into such agreements showl honour them.
The Peoples Democratic Party has cautioned Nigerians against falling for the ruling All Progressives Congress in the 2023 presidential election.
The Federal Government through its Rural Electrification Agency on Saturday announced the provision of electricity to the Olooji community, Ijebu East, Ogun State, for the first time since the community came into existence 200 years ago.
Nigerian music icon, Tiwa Savage’s “CELIA” has been selected among the top ten 2020 album by Time Magazine.