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ABUJA — President Mohammed Buhari has signed into law the 2021 Supplementary Appropriation Bill. The supplementary budget which had earlier been passed by the National Assembly was summed to N983 billion (N982,729,695,343) and will be used to fund security and health concerns. Umar El-yakub, senior special assistant to the president on the National Assembly (House of Representatives) disclosed the development to journalists on Monday. Speaking on the bill, Zainab Ahmed, minister of finance, budget, and...

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ABUJA — The Senate during plenary on Wednesday directed 59 Federal Government agencies to refund over N300bn funds allegedly misappropriated by them to the federation account. The Senate took the decision after considering the report of the Committee on Public Accounts on the annual report of the Auditor-General for the Federation on the accounts of the Federation for the year ended 31st December 2015 (Part Ii &1). It ordered that all monies illegally spent by...

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ABUJA — Vice President Yemi Osinbajo says there is a need for Micro Small and Medium Enterprises (MSMEs) to leverage technology to improve their performances. Osinbajo made this call while featuring at the National MSMEs Discourse, titled ‘’Little Beginning, Huge Impact,’’ on Thursday in Abuja. The vice president was represented by the Minister of Industry, Trade, and Investment, Niyi Adebayo, at the discourse which is part of the National MSMEs week. Osinbajo said he was...

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For almost two months, the Southeast geo-political zone, which used to be the safest zone in Nigeria, was suddenly engulfed by a distressing security situation that speedily degenerated. Worst is the guerrilla style with which the attacks were coordinated. What started as an attack on security formations around the zone by “unknown gunmen” quickly gained momentum and escalated with more police stations attacked, destroyed, officers killed, and their weapons taken. Thus creating a frightening circle...

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LAGOS — The Lagos State Government in collaboration with International Finance Corporation (IFC), a World Bank Institution has trained environment professionals in its payroll on the Green Building initiative. A statement signed by Mr. Mukaila Sanusi, Spokesman of the Lagos State Ministry of Physical Planning and Urban Development on Wednesday in Lagos said the training is tagged “Lagos State-IFC Excellence in Design for Greater Efficiency (EDGE). Sanusi said the workshop was held at the Sheraton...

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LAGOS — Achieving the UN Sustainable Development Goal-7 may elude Africa, due to limited supply and access to electricity, says Ms. Vera Songwe, the United Nations under-secretary-general and Executive Secretary of the Economic Commission for Africa (ECA).  Songwe stated this in her presentation at a virtual ministerial meeting in Addis Ababa, according to a statement on Wednesday by the Communication Section of the ECA. The News Agency of Nigeria recalled that the SDG-7 is one...

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YENAGOA — Gov. Douye Diri, of Bayelsa, has appealed for the quick compliance of Monday’s Abuja Federal High Court judgment which ordered the Federal Government to pay $951 million as a shortfall in oil derivation revenue to the state. Diri made the appeal in his first public reaction to the judgment on Wednesday inside the Executive Council Chambers in Government House, Yenagoa. The News Agency of Nigeria reports that the governor said the money was...

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BENIN — Mr. Mustapha Zubair, the Acting Rector of Auchi Polytechnic, says Nigeria will not get out of its economic mess until the country goes into massive production of goods and services. The News Agency of Nigeria reports that Zubair spoke on Saturday while fielding questions from newsmen in Benin. While calling for more investment in science and technology and massive production, the rector stressed that buying and selling will only compound Nigeria’s economic woes....

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ABUJA — The Federal Executive Council (FEC), presided over by President Muhammadu Buhari has approved a draft of the 2021 Supplementary Budget of N895,842,462,917 for Defense equipment, COVID-19 vaccines, and other exegeses. This was disclosed to the State House Correspondents by the Minister of Finance, Budget, and National Planning, Zainab Ahmed, after the meeting on Wednesday. According to the Minister, the largest chunk of the budget, which was a total of N770.60 billion, was planned...

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LAGOS — The bulls returned to the Nigerian stock market on Tuesday with investors’ net worth appreciating by N102 billion on bargain hunting. The bullish performance was due to investors’ buy interest in industrial goods, consumer goods, and oil & gas sector stocks. Specifically, the market capitalization rose by N102 billion to close at N20.266 trillion from N20.164 trillion recorded on Monday. Also, the All-Share Index increased by 195.30 points or 0.50 percent to close...

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