archiveJuly 2020

Prof. Sheriffdeen Tella, a Senior Economist at the Olabisi Onabanjo University, Ago-Iwoye, Ogun, on Tuesday said retaining the benchmark interest rate at 12.5 per cent could fuel inflation. Tella told the News Agency of Nigeria (NAN) in his reactions to the outcome of the Monetary Policy Committee meeting of the...

The Nigerian Airspace Management Agency (NAMA) has described as untrue, insinuations in some quarters that Nigerian airports would reopen for international flights in October. Khalid Emele, General Manager, Public Affairs, NAMA, made this known in a statement in Lagos on Tuesday. He said: “Following the receipt of an All Operators...

Nigeria has received $890 million grant from Global Fund to reduce the burden of HIV, Tuberculosis and Malaria over an implementation period of three years, beginning from 2021 to 2023. Dr Osagie Ehanire, Minister of Health, announced the receipt of the grant at a news conference on Tuesday in Abuja....

Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey of 50 African asset-managers for the African Exchanges Linkage Project (AELP) project. According to press statement by the Nigerian Stock Exchange (NSE), “key factors when...

The Buhari administration’s business reforms through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to significantly boost local and foreign investments in the country, according to the Vice President Yemi Osinbajo. Prof. Osinbajo spoke on Tuesday at a virtual meeting of the PEBEC to review the state of...

…wants Almajiri education integrated into Educational system The Senate on Tuesday passed a bill to give legal backing to the establishment of the Nigerian Army University, Biu, Borno State. The passage of the bill followed a clause-by-clause consideration of the report of the Committee on Nigerian Army. Chairman of the...

Justice Mohammed Abubakar of the Federal High Court sitting in Abeokuta, Ogun State, on Monday, July 20, 2020, handed different jail terms to five internet fraudsters. The convicts, Sodiq Adeleke Adeyinka; Sambo Muhammed Abiodun; Adegoke Agboola, Kehinde Quadri Oladimeji and Daniel Praise, were prosecuted by the Ibadan Zonal Office of...

Last week, Vice President Yemi Osinbajo, SAN headlined the Virtual Edition of the Annual MSMEs Awards and few days after, all the winners have now taken delivery of their cars, cheques and award plaques. A total of 12 winners emerged at 3rd edition of the National Micro, Small and Medium...

President Mohammadu Buhari has said that the Senate is overreaching its power by ordering Service Chiefs to step down from their position, saying the power to hire and fire resides with the Commander-in-Chief. The Senate on Tuesday passed a resolution asking the Service Chiefs to step aside for new ideas...

…As Lawan tasks Joint Committee to investigate desertion of Army by soldiers The Senate has called on the Service Chiefs to step aside over the deteriorating security situation in the country. This formed part of resolutions of the Senate sequel to the consideration of motion drawing attention to the rising...