archive2020

President of the Senate, Ahmad Lawan, has said that the National Assembly would not accede to another request from the Executive to extend the capital implementation of the 2020 budget. Lawan stated this in his remark after the upper chamber passed a N13.58 trillion budget for the 2021 fiscal year....

The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks were said to have been shut down. The Nigeria Deposit Insurance Corporation (NDIC) has stepped in to wind down the banks. In a statement, the NDIC said it would promptly commence...

The Senate has passed Nigeria’s budget for the 2021 fiscal year. The budget was increased from N13.08 trillion presented by President Muhammadu Buhari in October to N13.6 trillion (13,588,027,886,107), representing an increase of about N505 billion. The amount for capital expenditure was increased from N3.6 trillion to N4.1 trillion. The...

  The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited saying that neither the entity nor their products are registered or regulated by the Commission. Mrs Efe Ebelo, the Head, Corporate Communication of SEC, made this known in a statement issued in Abuja on Sunday....

 Traders in Abakaliki expressed worries on Monday over low patronage by customers as preparations for Christmas went underway. Clothing and food seller who spoke with the News Agency of Nigeria (NAN) complained that patronage had been so low that it appeared that people were not prepared for the Yuletide. Mr...

  The Senate on Monday passed the sum of N453,200,000,000.00 as the budget of the Niger Delta Development Commission (NDDC) for the 2020 fiscal year. This followed the presentation of the report of the Senate Committee on Niger Delta Affairs by the Vice Chairman of the Committee, Senator Amos Kilawangs...

  Nigeria will soon get a boost in the electronic waste (e-waste) sub-industry with the opening up of applications for establishment of some 30 collection centres nationwide. Disclosing this Thursday at the 2020 ITREALMS e-Waste Dialogue held at the Welcome Centre Hotels Lagos, the Executive Secretary, E-Waste Producer Responsibility Organisation...

The Speaker of the Niger House of Assembly, Bawa Wuse and the Clerk, Mohammed Kagara, have gone into isolation after testing positive for COVID-19. Alhaji Mohammed Idris, the state Commissioner of Information and Strategy, confirmed the development to newsmen on Sunday in Minna. Idris who did not give more details...

  Launch Lagos Recycle Initiative   Heritage Bank Plc has entered into strategic partnership with Lagos Waste Management Authority (LAWMA) to attain sustainable greener and cleaner Lagos. The partnership which heralds the launch of Lagos Recycle Initiative is targeted at curbing the huge challenge of plastic pollution for better ecosystem,...

  The Managing Director, Ecobank Nigeria, Mr Patrick Akinwuntan, has said that the success of the African Continental Free Trade Area will depend heavily on the financial services industry’s ability to facilitate the liberalisation process. He was quoted to have said this in a statement by the bank on Sunday...