archiveDecember 18, 2019

Multilateral Development Banks (MDBs) are stepping up their support for refugees and people affected by forced displacement, including hosting communities, across a wide range of sectors and policy instruments. The pledges were made by the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the...

President of the Senate, Ahmad Lawan, on Wednesday assured investors who are willing and ready to invest into the Nigerian economy of adequate protection and support. The Senate President spoke while playing host to a delegation of the Hyundai Engineering Company led by its President/CEO, Chang Hag Kim. Lawan told...

congratulates gov   The Peoples Democratic Party (PDP) in Oyo State has congratulated Governor Seyi Makinde over the Supreme Court judgment, which upheld his electoral victory on Wednesday. The party in a statement issued by its Publicity Secretary, Engr. Akeem Olatunji, said the verdict reaffirmed the general acceptance of PDP...

The Senate on Wednesday called for proper funding of the Nigerian Navy to enable it procures over one hundred and fifty vessels needed to undertake their constitutional responsibilities of securing the country’s territorial waters. The call was made to the executive arm of government after consideration of a report of...

A new World Bank Group study has disclosed that debt obligation in emerging and developing economies (EMDEs) climbed to a record US$55 trillion in 2018, marking an eight-year surge, which witnessed the largest, fastest, and most broad-based in nearly five decades. The body urges policymakers to act promptly to strengthen...

The Federation Accounts Allocation Committee (FAAC) has shared a total of N635.826 billion to the three tiers of government for November 2019. This was announced at the FAAC meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse. The N635.826 billion was the...

The Nigerian Stock Exchange (NSE) ended Wednesday session with a marginal growth of 0.02 per cent. Specifically, the All-Share Index improved by 5.29 points or 0.02 per cent to close at 26,665.73 against 26,660.44 achieved on Tuesday. In the same vein, the market capitalisation garnered N3 billion or 0.02 per...

The Federal High Court, Abuja, on Wednesday, granted the Economic and Financial Crimes Commission (EFCC)’s request to extradite the Briton, Adam Quinn, over his alleged complicity in the 9.6 billion dollars judgment against Nigeria. Justice Okon Abang, who gave the order for Quinn’s arrest, said the move would help the...

The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government for early passage and assent to the 2020 Appropriation Act. Its Director-General, Mr Timothy Olawale, on Wednesday in Lagos, commended the government for bringing the country back to the January to December budget cycle. The News Agency of Nigeria...

The Peoples Democratic Party (PDP) has dismissed President Muhammadu Buhari’s birthday declaration to bequeath a legacy of free and fair elections as diversionary posturing which cannot sway Nigerians to place any trust in his government as far as elections are concerned. PDP said Buhari cannot claim to be committed to...