archiveSeptember 2021

Senate President Ahmad Lawan has given the senate committee on foreign and local debts, one week to assess President Muhammadu Buhari’s $4 billion loan request. He gave the committee the ultimatum on Tuesday, after referring the president’s request to the committee for legislative action. The president’s loan request was contained...

The National Bureau of Statistics (NBS) has said that 20 per cent of the full-time workforce in Nigeria lost their jobs due to the COVID-19 pandemic in 2020. The NBS disclosed this in a study jointly conducted with the United Nations Development Programme (UNDP) and released on Tuesday. The report,...

The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has approved a $1 million grant for the modernisation of Africa’s hydropower fleet. The modernisation of hydropower stations is an opportunity to increase generation capacity at a low cost, with relatively short lead times and minimal environmental impact. The grant...

The Senate has received a request from President Muhammadu Buhari, to amend the Petroleum Industry Act 2021 passed by the National Assembly over two months ago. The request was contained in a letter dated September 16, 2021, and read during plenary on Tuesday by the Senate President, Ahmad Lawan. President...

*Petroleum Producers meet & commend VP’s Niger Delta peace efforts, “no shutdown since then” In the quest to close the housing deficit in the country, Vice President Yemi Osinbajo, SAN has tasked financial market experts to support government’s efforts by developing an appropriate housing finance model that will significantly transform...

Activities in the nation’s bourse resumed the week on Monday still on a negative trend following investors sentiment on the banking, insurance and consumers goods sectors. Accordingly, the All-Share Index ended the session with a loss of 37.45 points or 0.10 per cent to close at 38,906.42 against 38,943.87 achieved...

The Progressive Consolidation Group for Osinbajo 2023, a pressure group has stressed the need for Vice President Yemi Osinbajo to succeed President Muhammadu Buhari in 2023. Dr Aliyu Rabiu- Kurfi, the chairman of the group stated this when he led other members to the Nasarawa State House of Assembly in...

  The Concerned Igbo Stakeholders Forum (CISF) a pressure group has faulted the Northern Elders Forum (NEF)’s position that the North will hold on to power beyond 2023. Mr Chukwuma Okenwa, the spokesperson for the group said this in a statement in Enugu on Monday. Okenwa described such position as...

The Christian Association of Nigeria (CAN) has described the demise of former Deputy Governor of the Central Bank of Nigeria (CBN), Dr Obadiah Mailafia, as a rude shock and a great loss to the country and the Church. The Christian body said that Nigerians need Mailafia’s bold personality and fearless...

The Central Bank of Nigeria (CBN) says the e-naira which is set to be launched on October 1, 2021, is a legal tender equal to the value of the naira and thus must be accepted as a form of payment by all merchants and business outlets. The CBN Director, Payment...