COVID-19:Adamawa State Remain Unshakable-Fintiri

CoronavirusEconomyWellnessCOVID-19:Adamawa State Remain Unshakable-Fintiri

Hassan Umar Shallpella (Regional Correspondent)May 2, 2021

YOLA — Governor Ahmadu Umaru Fintiri of Adamawa state has restated the resolve of his administration to remain consistent in every facet of human endeavor remains unshakeable despite daunting challenges of the COVID-19 Pandemic and the attendant economic crunch. He appreciates the organized Labour in the State for towing the path of industrial harmony and embracing dialogue as an imperative to resolving disputes and acknowledged the eternal contributions of workers. The Governor stated this Saturday...

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NNPC Normalises Petrol Supply in Week of Petroleum Tanker Drivers Strike

BusinessEconomyOil & GasNNPC Normalises Petrol Supply in Week of Petroleum Tanker Drivers Strike

PilotnewsApril 25, 2021

ABUJA — The Nigerian National Petroleum Corporation (NNPC) began its week with the task of normalising the supply of Premium Motor Spirit (PMS) at different filling stations in the country especially the FCT following the strike embarked upon by Petroleum Tanker Drivers (PTD) over remuneration. The normalisation started with the corporation increasing the daily supply of petrol across the country from 550 trucks to 1,661 trucks to combat the buildup of fuel queues in some...

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ANALYSIS: FG Explains How It Spent COVID-19 Fund

EconomyHealthNewsANALYSIS: FG Explains How It Spent COVID-19 Fund

Bada Yusuf Amoo (Correspondent)April 23, 2021

Prince Clem Agba, Minister of State, Ministry of Budget and National Planning, on Thursday gave a breakdown of the COVID-19 expenditure in the country. Agba revealed this at the COVID-19 Transparency and Accountability Project (CTAP) Conference organized by Connected Development (CODE) in partnership with BudgIT civil society organization in Abuja. According to Agba, of the N500 billion COVID-19 funds, N288billion has been released to implementing agencies to support programmes and Federal Government, while the Ministry...

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APC Governors Refute Obaseki’s Currency Printing Allegation

EconomyMoneyPoliticsAPC Governors Refute Obaseki’s Currency Printing Allegation

Beloved John (Staff Writer)April 19, 2021

The Progressive Governors’ Forum (PGF) has discredited Governor Obaseki’s comment about the printing of N60 billion in March. The Edo state governor had accused the FG of printing about N50 – N60billion to contain the shortfall in the distribution of revenues among the three tiers of government. Refuting the claim, the PGF chairperson and Governor Abubakar Bagudu of Kebbi in a statement said Mr. Obaseki’s claims did not reflect the true position of things. “Given...

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Wike Backs Obaseki on Alleged Money Printing

EconomyMoneyNewsNigeriaWike Backs Obaseki on Alleged Money Printing

Beloved John (Staff Writer)April 19, 2021

The River State governor, Nyesom Wike has thrown his weight around his Edo State counterpart, Godwin Obaseki over the claim that N60 billion was printed by the Central Bank of Nigeria (CBN) to fund the government. Governor Obaseki had claimed that the federal government printed N50 – N60 billion in March to bridge the shortfall in the distribution of federation revenues amongst the three tiers of government. This claimed triggered reactions from several parties including...

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Federal Government Lifts Ban On New Sim Registration

BusinessEconomyTelecommunicationFederal Government Lifts Ban On New Sim Registration

Hassan Umar Shallpella (Regional Correspondent)April 16, 2021

ABUJA — The Federal Government has approved the activation of new SIM card registration with mandatory National Identity Number linking, starting from April 19, 2021. The Technical Assistant (Information Technology) to the Minister of Communications and Digital Economy, Dr. Femi Adeluyi disclosed this in a statement on Thursday. Part of the statement read “For IoT/M2M activations, SIM security protocols would be implemented on the SIM profile to ensure that SIMs can only be used for...

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Kano, Katsina Residents Laments Over High Cost of Cement

BusinessEconomyNewsKano, Katsina Residents Laments Over High Cost of Cement

Hassan Umar Shallpella (Regional Correspondent)April 15, 2021

The prevailing scarcity and high cost of cement nationwide have been blamed on cement manufacturers. Some residents of Kano and Katsina States told the News Agency of Nigeria (NAN) that the situation had affected building projects and left bricklayers redundant. In Kano, Alhaji Kabiru Idi, a building contractor, said he had delayed some of his projects due to high cost of building materials.  “I want to continue but I had to stop because of the...

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Debt Management Office Announces N150bn FG Bond for Auction

EconomyInvestingDebt Management Office Announces N150bn FG Bond for Auction

Bada Yusuf Amoo (Correspondent)April 14, 2021

The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government bonds of N150 billion at N1, 000 per unit. Details obtained from DMO’s website said that the three bonds were valued at N50 billion each, with interest rates of 16.29 per cent; 12.50 per cent, and 9.80 per cent, respectively. It listed the auction date as April 21, while the settlement date is April 23. “Minimum units for sale are N50,...

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FG Printed N60bn to Share In March – Obaseki

EconomyNewsNigeriaPoliticsFG Printed N60bn to Share In March – Obaseki

Bada Yusuf Amoo (Correspondent)April 12, 2021

Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble” with the way the economy is run. Obaseki lamented that Nigeria was the only country in the world where the federal, state and local governments earn salaries at the end of the month, adding that the Federal Government printed N60bn as part of federal allocation for March. Speaking at the state transition committee stakeholders’ engagement, the governor said the economy was no...

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IMF Projects Higher Economic Growth for Nigeria in 2021

EconomyInvestingNewsNigeriaIMF Projects Higher Economic Growth for Nigeria in 2021

Beloved John (Staff Writer)April 6, 2021

The International Monetary Fund (IMF) says Nigeria might experience a 2.5 percent economic growth in 2021. The new growth projection is 1.0 percent higher than IMF’s 2021 forecast in January which was estimated at 1.5 percent. The Washington-based institution disclosed this on Tuesday during the 2021 Virtual Spring Meetings. IMF also predicted a growth of 3.4 percent for the Sub-Saharan Africa region in 2021, up 0.2 percent, from the previous forecast. It also lifted its...

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