Nigeria’s $3.4billion IMF loan comes with many charges, fees, surcharges and interest of between two to three percent per annum, and further devalues the Naira to N389.976/USD as against CBN’s N360/USD. As expected the International Monetary Fund, IMF, yesterday approved Nigeria’s application for $3.471.83 billion to bridge shortfalls in the 2020 budget and respond to…
Senate Approves Buhari’s N850 Billion Loan Request
President Muhammadu Buhari is seeking domestic and foreign loans to bridge the liquidity crisis caused by the COVID-19 crisis in the 2020 budget. The National Assembly resumed plenary today after a five-week COVID-19 recess and the Senate immediately approved President Muhammadu Buhari’s request for N850 billion loan to fund shortfalls in the 2020 budget. Ahmed…
Fire Gut NNPC Petrol Station in Lagos
A fire outbreak has reportedly occurred at a petrol station owned by the NNPC in Ogba area of Lagos state. As at the time of filing the report, the cause of the fire is yet to be ascertained as 6 buildings have been affected by the fire outbreak. However, firefighters are said to be having difficulties in…
Covid-19: Wike to Pull Down Business Houses, Expel Vagrants and Almajiris
The Governor of Rivers State, Nyesom Wike, has said that he would not hesitate to pull down business houses in Port Harcourt where he declared an indefinite total lockdown. In a broadcast he made on Monday, the governor declared a 24-hour curfew on some parts of Port Harcourt, and said landlords in the affected areas…
FG Extends Closure of Airport by Two Weeks
The Federal Government has extended the closure of airports in the country by two weeks due to the coronavirus pandemic.Hadi Sirika, the minister of aviation, disclosed this on Monday, via Twitter, said the airports would no longer open for commercial operations on April 23 due to the extended lockdown in the three cities.“As a result of…
COVID-19 Test is Free, Says Lagos State Government
Lagos State Commissioner for Health, Prof. Akin Abayomi, has said that COVID-19 tests in all approved testing centres in Lagos State are carried out free of charge.Reacting to alleged reports of patients paying N30,000 for COVID-19 tests at the Nigeria Centre for Disease Control, NCDC, approved centres in Lagos; Abayomi said no designated testing centre…
Second Term: Leadership Crisis Rocks Edo CAN
Crisis is brewing in the Edo State chapter of the Christian Association of Nigeria, CAN, as an attempt by the current Oyonnude Kure leadership to get a renewed mandate for another term on a platter of gold failed on Monday at a state executive committee meeting of the Association. Consequent upon the degeneration of the…
Blow the Whistle on Contractors Doing Shoddy Jobs – Askia Ogieh
DESOPADEC Boss charges Community Leaders The Managing Director of Delta State Oil-Producing Areas Development Commission (DESOPADEC), Askia Ogieh has tasked community leaders to report all noticeable shoddy jobs by the Commission’s contractors to it for sanctions and possible determination. Unfolding his action plan for 2020 in a new year message to staff and stakeholders, Askia said…
Early Budget Passage’ll ensure Execution of Capital Projects – Clement Agba
Early Budget Passage’ll ensure Execution of Capital Projects that will benefit Nigerians in 2020, says Agba, Minister of State Budget, National Planning The Minister of State, Budget and National Planning, Clement Agba is excited at the early passage of the 2020 national budget by the National Assembly and its timely assent to it by the…
Photo News: Kayode Fayemi and Other Governors on an Inspection Tour of the Dangote Refinery and Petrochemical Complex.
The Nigeria Governors’ Forum, Dr. Kayode Fayemi and other governors on an inspection tour of the Dangote Refinery and Petrochemical Complex.
WhatsApp us