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Recession

Central bank orders Bureau de Change operators to sell dollar at N392

The Central Bank of Nigeria (CBN) has instructed Bureau De Change (BDC) operators in Nigeria to sell dollars at N392 to end-users.

Central bank chief projects exit from recession Q1 2021

The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.

Nigerian government seeks new Eurobond

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.

Feed millers warn of impending food crisis

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.

Expert warns against trade malpractices

A trade expert, Prof. Ken Ife, has decried the high volume of trade malpractices across land borders in the country.

Afenifere: Nigeria becoming ungovernable

Pan-Yoruba sociocultural group, Afenifere, on Thursday declared that Nigeria is on the brink of collapse, insisting that the country must restructure to survive the near precipice.

Bayelsa lawmakers shoot down water sector bill

Members of the Bayelsa State House of Assembly on Thursday set aside party differences to shoot down a Water Sector Bill which would have imposed taxes/levies on usage of water by residents of the state.

NGO: Nigeria in recession due to over-reliance on oil

Lillian Akhigbe, Communications Manager, in a statement on Thursday, noted that successive governments at all tiers neglected Small and Medium-scale Enterprises (SMEs).
YINKA ODUMAKIN

Afenifere calls for implementation of 2014 Confab report

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.
Worried by the rise in banditry in parts of the state in the last two months, Niger State Governor Abubakar Sani Bello has declared an all-out war on the armed criminals terrorising the state.

Niger government confirms plan to slash workers’ salaries

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.
Senate President Ahmed Lawan

APC presents official party magazine to Senate president

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.
Lai Mohammed is the current Nigeria's Minister of Information and Culture. A Nigerian lawyer, and former National Publicity Secretary of the All Progressives Congress.

Nigeria’s economy doing well in spite of recession – minister

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.
Speaking at the inauguration of a 969-metre `Rebisi’ dual carriage flyover in Port Harcourt, on Saturday, Minister of Works and Housing, by Mr Babatunde Fashola, who made the pronouncement also said that the Federal Government “is not in competition with any state’’ of the federation over project implementation.

FEC approves N21.9 billion for rehabilitation of roads in Yobe, Edo, Taraba

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.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

We’ll pay workers November, December salaries – minister

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.

FEC approves N39.771 billion for road repairs, others

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.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Recession: Nigerian government won’t recall 2021 budget – minister

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.
Minister of Finance, Zainab Ahmed

Minister: No issue with federal workers’ salary

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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE opens week with 0.04 percent loss

The domestic equities market on Monday extended its losing streak with the All-Share Index dropping by 0.04 per cent, as the country officially entered recession.

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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.

Kidnappers invade church during vigil, kidnapped one

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 contact, as at Wednesday, have spent thirteen days in the isolation center and, according to the State Health Commissioner, Tomi Coker, they will soon be declared free of the virus.

World AIDS Day: Ogun steps up awareness campaign against spread of HIV/AIDS

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.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police arrest drunk officer in trending video

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.

1,000 Niger youths to benefit from Senator Musa scholarship programme

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.
Governor Yahaya Bello of Kogi has expressed his administration’s commitment to the development of the education sector as the key to high-level human capital development needed for emancipation of the people.

2023: Governor Bello under pressure to run for presidency – Kogi commissioner

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.