archiveJuly 2020

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its meeting on Monday retained its Monetary Policy Rate (MPC) which measures the interest rate at which the apex bank lends to commercial banks, at 12.5 per cent. It maintained that tightening the rate at this time...

The Speaker of the House of Representatives, Femi Gbajabiamila, has disclosed that the Acting Managing Director of the Niger Delta Development Commission (NDDC), Dr. Kemebradikumo Pondei who slumped during the ongoing investigative hearing will not appear before the committee again. The Speaker disclosed this at the resumption of the session...

The Kano State House of Assembly has approved Gov. Abdullahi Ganduje’s request for downward review of the 2020 appropriation “following economic challenges occasioned by the COVID-19 pandemic.” The assembly approved the request on Monday, after reading a report in respect of the amendment by the Chairman of the house Committee...

A don, Dr Ovat Oyama, says there is the need for the Federal Government (FG) to sustain its stimulus programmes to boost the real sector and curb spike in inflation. Oyama, who is a Senior Lecturer at the University of Calabar, Cross River, spoke with the News Agency of Nigeria...

The Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and local governments councils and relevant agencies for the month of June. Mr Henshaw Ogubike, Director Information, Press and Public Relations of FAAC announced the figures in a statement on Sunday in Abuja....

The Economic and Financial Crimes Commission (EFCC) Benue Zonal Office, on Monday, July 20, 2020 arraigned the duo of Victor Gabriel Charles and John Aboyi Omaku before Justice Moris Ikpambese of the Benue State High Court, Makurdi over alleged conspiracy and misappropriation of pension funds to the tune of N19...

Prof. Mike Obadan, an Economist says implementation of the operational guidelines on Global Standing Instruction (GSI) issued by the CBN will encourage commercial banks to lend money for developmental purposes. Obadan, the Chairman of GoldMark Education Academy and a Non-Executive Director of the Central Bank of Nigeria (CBN) said this...

Mr Joseph Effiong, an expert on Environment and Development, on Monday warned all transporters and passengers to imbibe on Federal Government’s guidelines on COVID-19 to prevent the spread of the pandemic. Effiong, who gave the warning in an interview with the News Agency of Nigeria (NAN) in Abuja, said that...

The Acting Managing Director of the Niger Delta Development Commission, Prof. Kemebradikumo Pondei, has collapsed at the ongoing investigative hearing of the House of Representatives. The MD collapsed shortly after the hearing commenced. The Management is being probed over how it expended N81.5 billion in the first five months of...

A 32-year-old man identified as Aboh Ogbeche, on Friday, committed suicide at his family residence in Lawanson, Surulere area of Lagos State. Aboh was said to have drank bleach, even as sources stated that there was nothing to indicate that he was planning to commit suicide. It was gathered that...