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Governor David Nweze Umahi

Lockdown: Ebonyi partially restores religious, funeral activities

The commissioner for Information and State Orientation, Uchenna Orji, disclosed this on Tuesday night, after the executive council meeting in Abakaliki.

Lockdown: SMEs must migrate to digital space to remain relevant – expert

Ms Jennifer Jemedafe, a service industry expert, said on Tuesday that businesses in the country must go digital to survive, particularly during emergencies such as the Coronavirus pandemic that had shutdown the country.
The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s administration will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.

Presidency slams Senate for asking President Buhari to address Nigerians

The Presidency has rebuked the Senate for calling on the President Muhammadu Buhari to address Nigerians in a television broadcast with regards to the Coronavirus.

Coronavirus: Stakeholders differ on impact of Nigeria’s central bank stimulus

Stakeholders in the organised private sector (OPS) have expressed divergent views on the use monetary intervention to mitigate the impact of the global Coronavirus (Covid-19) pandemic on businesses in Nigeria.

Coronavirus: Nigeria’s central bank introduces measures to check effect of virus on economy

The Central Bank of Nigeria has extended the moratorium on all its intervention funds.

Coronavirus: Mixed reactions trail central bank’s policy measures

Mixed reactions have trailed policy measures announced by the Central Bank of Nigeria (CBN) to tackle the effect of COVID-19 on the nation’s economy.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Oil price crash a shock to Nigeria – minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed said the crash in oil price on Monday was a shock to the country.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate passes CAMA amendment bill

The bill, when signed into law by President Muhammadu Buhari, will address aspects aimed at boosting investment in Nigeria.

EFCC re-arraigns Senator Jang, former cashier on amended N30.2 billion fraud charges

The Economic and Financial Crimes Commission, EFCC, on Monday, re-arraigned the former Plateau State governor, Senator, Jonah David Jang, and a former cashier in the Office Secretary to the State Government (OSSG), Yusuf Pam, before Justice C. L. Dabup of Plateau State High Court, Jos, on amended 17-count charge.

New South-East chamber chief promises to support women, SMEs

The new president of South East Chamber of Commerce, Industry, Mines and Agriculture (SECCIMA), Mr. Humphrey Ngonadi, has promised to prioritize empowerment of Small and Medium Enterprises (SME) operators, especially women petty traders, youths as well as persuade South East businessmen in Diaspora to invest more in the South East.

Forex: Central bank injects $292.34 million, CNY 22.8 million into Retail SMIS

The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).

Nigerian immigration plans expansion of Visa classes from 6 to 79

The Nigerian Immigration Service (NIS), says a new Nigerian Visa Policy (NVP) aimed at expanding Visa classes from six to 79 is in prospect and awaiting approval by President Muhammadu Buhari.
The Vice President, Prof. Yemi Osinbajo, on Saturday reiterated the commitment of the Federal Government towards free and compulsory education of the first nine years of a child school life across the country.

VP Osinbajo: Finance act will stimulate Nigerian economy

Vice-President Yemi Osinbajo on Saturday asserted that the Finance Act 2020 would stimulate the Nigerian economy and put the country on the path of geometric economic growth.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

New finance law will have ‘significant’ impact on businesses in Nigeria

President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

Central bank defends naira with $16.56 billion In 12 months

Analysis of the regulator’s half year report showed that the apex bank defended the local currency with $8.28 billion through its direct intervention within the first six months of 2019. Financial analysis estimated that the same level of intervention, or even higher amount applied in accompanying six months ended December 2019.

Central bank retains minimum 65% loan deposit ratio

The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.

Court rules Senator Jang has case to answer in ‘N6.32 billion fraud’ trial

A former governor of Plateau State, Jonah Jang, Tuesday lost his bid to stop his corruption trial as Justice Daniel Longji of Plateau State High Court, Jos, ruled that the ex-governor (also a former senator) and a cashier in the Office of the Secretary to the State Government (OSSG), Yusuf Pam, have a case to answer in the corruption charges brought against them by the Economic and Financial Crimes Commission (EFCC) to the tune of N6.32 billion.
The border closure has affected goods from other West African countries. Wikimedia Commons

Professor lists gains of border closure

An Associate Professor from the University of Lagos, Dr. Tajudeen Yusuf, has said the closure of land borders by the Federal Government has opened doors of opportunities for Nigerians.

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The government’s expression is coming after the Minister of Foreign Affairs, Geoffrey Onyeama, assured on his verified Twitter handle that he was going to engage the Chinese Government over the allegations immediately.

Nigeria summons Chinese envoy over allegations of maltreatment of nationals in China

The government’s expression is coming after the Minister of Foreign Affairs, Geoffrey Onyeama, assured on his verified Twitter handle that he was going to engage the Chinese Government over the allegations immediately.
The Shell companies in Nigeria have presented eight vehicles to the governments of Lagos and Rivers States to support the efforts at contact tracing and treatment of novel coronavirus disease cases.

Shell equips three hospitals, provides eight vehicles

The companies, comprising: The Shell Petroleum Development Company of Nigeria Limited, Shell Nigeria Exploration and Production Company and Shell Nigeria Gas, also joined other players in the oil and gas industry to support the Federal Government with $30 million to stop the spread of the deadly disease.
Nyesom Wike

Rivers relaxes restrictions for Easter celebrations, others

The Rivers State Government has temporarily relaxed the restrictions on large religious gatherings to enable Christians carry out their religious obligations during the Easter Period.

ADC berates Lagos governor over inadequate palliatives for residents

The Lagos State chairman, African Democratic Congress (ADC), Olayiwola Abisoye, has berated the governor of Lagos State, Babajide Sanwo-Olu for not putting in place adequate palliative measures and appropriate stimulus packages before rolling out the stay-at-home order over the COVID-19 pandemic.
The new executive members were announced by the chairman of the PDP state congress committee, Gov. Seyi Makinde of Oyo State.

Oyo extends curfew over coronavirus

The Oyo State Government on Thursday extended the curfew imposed to combat the spread of COVID-19 pandemic.