archiveJune 2020

The Federal Executive Council (FEC) on Wednesday approved a stimulus plan of N2.3 trillion to help the nation’s economy survive the Novel Coronavirus (COVID-19) induced depression. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who disclosed this while briefing State House Correspondents after a long-drawn FEC meeting, said...

The International Monetary Fund (IMF) has downgraded Nigerian’s economic outlook as it said its Gross Domestic Products (GDP) in the 2020 fiscal period will come down to -5.4 per cent from – 3.4 per cent decline it had predicted in April 2020. The IMF however said Nigeria’s economy will see...

Justice O.A Ipaye of the Lagos State High Court sitting in Ikeja has convicted and sentenced a fraudulent land officer to 30 years imprisonment for defrauding her “client" a sum of N32.9 million. The convict, Omotayo Yemisi Apelara, was arraigned by the Lagos Zonal office of the Economic and Financial...

Publish What You Fund has ranked the African Development Bank (AfDB) fourth out of 47 global development institutions on its Aid Transparency Index. The bank’s Communications and External Relations Department made this known in a statement on Wednesday. The Index is the only independent measure of aid transparency among the...

Weak sentiments and sell pressure continued on the Nigerian Stock Exchange (NSE) on Wednesday with the indices extending loses for the fifth consecutive trading session, the News Agency of Nigeria (NAN) reports. Consequently, the key performance indices dropped further by 0.38 per cent due to sell-offs in 22 stocks. NAN...

The Standards Organisation of Nigeria (SON) says it has not issued any ultimatum to manufacturers and importers on its yet to be inaugurated Product Authentication Mark scheme. The Director-General of SON, Mr Osita Aboloma, in a statement on Wednesday in Abuja, explained that the programme was still in the works,...

...to attend his NEC meeting on Thursday The President Muhammadu Buhari has thrown his weight behind Victor Giadom as the acting chairman of the ruling All Progressives Congress (APC). He has also expressed his readiness to attend the virtual meeting of the party’s National Executive Council meeting that Giadom announced...

The Police Command in Gombe State has arrested a 71-year-old man for allegedly defiling a 13-year-old girl. The Commissioner of Police in the state, Maikudi Shehu, disclosed this during a press conference on Wednesday in Gombe. Shehu said that the suspect, a maize seller at the Gombe main market, who...

The Federal Government has come out with conditions schools and learning institutions in the country must meet before they could be allowed to reopen. The conditions are contained in a 36-page document submitted to the Senate by the Minister of Education, Mallam Adamu Adamu for their Information. The document obtained...

President Muhammadu Buhari has approved the sum of N7.5 billion for the year 2020 National Research Fund, a quantum increase from the initial N3 billion when the research grant was established in Tertiary Education Trust Fund. Executive Secretary of TETFund, Prof Suleiman Bogoro, who made this known at the 2020...