archiveDecember 15, 2021

  The Federal Executive Council (FEC) has approved 1.9 billion dollars for the procurement of equipment for the nation’s power sector to boost power supply across the country, through the Presidential Power Initiative. Minister of Finance, Budget and National Planning, Zainab Ahmed made the disclosure on Wednesday, when she briefed...

The bankers committee will, in 2022, be focusing on supporting the Central Bank and the government in developing the infrastructure of the country, according to the Governor of the apex bank, Mr Godwin Emefiele. Emefiele told journalists at the end of the two-day annual bankers’ committee retreat on Wednesday in...

By Lukman Otunuga, Senior Research Analyst at FXTM As inflationary pressures ease and economic growth slowly recovers, it remains a matter of ‘when, not if’ the Central Bank of Nigeria will raise interest rates in 2022. Other central banks have already joined the global tightening train in 2021 including South...

approves N8.8bn USPF budget   The Senate has approved the sum of N633,393,283,000.00 billion naira as budget for the Nigerian Communications Commission (NCC) for the 2022 fiscal year. The approval followed the consideration of a report by the Committee on Communications. Chairperson of the Committee, Senator Olufemi Tinubu (APC, Lagos...

  A Structural Engineer, Mr Muritala Olawale, has narrated how Fourscore Heights altered a four storey building plan to 21-storey building which collapsed on Nov. 1 at Gerrard Road, Ikoyi, Lagos. The News Agency of Nigeria (NAN) reports that Olawale, Managing Director of Prowess Engineering, made the revelation while responding...

  The Federal Executive Council (FEC) has approved a new salary structure for officers and men of the Nigeria Police Force (NPF). Minister of Police Affairs, Maigari Dingyadi, made this known to State House correspondents at the end of the Council meeting presided over by President Muhammadu Buhari in Abuja...

The Minister of Information and Culture, Lai Mohammed, has faulted talk that President Muhammadu Buhari has nothing more to offer, saying it is untrue, fallacious and smacks of dirty politicking. This is as he revealed the effort of the regime in tackling insecurity which now has in addition banditry and...

  The Oyo State Government, on Wednesday, approved the award of the contract for the dualisation of the Ibadan Airport Road and some link roads at the cost N4.9 billion. The Commissioner for Public Works, Infrastructure and Transport, Prof. Daud Sangodoyin, who made this announcement, while briefing journalists after the...

gives nod to $10m grant component    The Senate on Wednesday approved the sum of $5,803,364,553.50 USD and a grant component of N10 million USD under the 2018-2020 External Borrowing (Rolling) plan. The approval followed the consideration of a report by the Committee on Local and Foreign Debts. Chairman of...

The undemocratic takeover of government in some West African countries has created a great challenge for Electoral Commissions in the sub-region, according to the Independent National Electoral Commission (INEC) Chairman, Prof. Mahmood Yakubu. Speaking at today’s plenary of the ECOWAS Network of Electoral Commissions’ (ECONEC) 7th Biennial General Assembly holding...