President Buhari Appoints NAICOM, NDIC Board Members

President Muhammadu Buhari has approved the appointment of Mr. Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). Mr. Yunusa Abdullahi, Special Adviser, Media, and Communications to the Minister of Finance, Budget, and National Planning disclosed this in a statement in Abuja on Sunday. Thomas replaced Malam Mohammed Kari, who was Acting Commissioner for Insurance/CEO of the commission. The News Agency of Nigeria (NAN) reports that the new appointee has...

West Africa Crude-Nigerian Export Programmes Shrink in June, May

Export programmes for West African crudes emerged on Friday and showed lower volumes for this month and the next, in line with unprecedented output cuts by producers and a lack of demand. Royal Dutch Shell circulated its export schedule for June loadings of Nigerian Bonny Light and Bonga crude, with the former set to fall sharply in June to 190,000 barrels per day (bpd) from 245,000 planned for May. Loading plans have been disrupted as Nigeria...

Lockdown: Ugwuanyi Directs Partial Reopening of Ogbete Market May 4

Enugu State government has directed a partial and gradual reopening of the Ogbete Main Market on May 4 following relaxation of the COVID-19 partial lockdown. A statement on Friday in Enugu by the Secretary to the State Government (SSG), Prof. Simon Ortuanya, said the decision was reached after a meeting between the government, traders, and security agencies. Ortuanya said that the parties agreed on a partial and guided reopening of the Ogbete Main Market in...

Corona Virus: Kogi Directs Workers On GL 12, Above to Resume on Monday

The Kogi state governor, Yahaya Bello has permitted civil servants on Grade Level 12 and above in the state to resume work on Monday, May 4. He gave this directive on Friday in Lokoja, in a message issued to commemorate this year’s Workers’ Day. The statement, signed on his behalf by the state Head of Service, Mrs Deborah Ogunmola, congratulated workers on this year’s celebration, lauding their resilience and commitment to duties. He further expressed...

BOI Implements President Buhari’s Directive

The Bank of Industry (BOI) has announced the palliative measures it has put in place for debtors as the ravaging COVID-19 hits the Nigerian economy. Recall that on March 29, President Buhari had in a national broadcast announcing the measures the government was taking to cushion the effect of COVID-19 on the economy, directed credit institutions to allow a 3-month period moratorium on loan repayment. In line with the directive, the BOI said it had...

IMF Approves US$3.4bn Emergency Support for Nigeria to Address COVID-19 Pandemic

The Executive Board of International Monetary Fund (IMF) has approved US$3.4 billion in emergency financial assistance to support Nigeria in addressing the economic impact of COVID-19 shock and the sharp fall in oil prices. In a statement issued on Tuesday, the Fund said that the support, under the Rapid Financing Instrument, would help limit the decline in international reserves and provide financing to the budget. “The Executive Board of the International Monetary Fund (IMF) approved...

CBN Gives Greenlight for Cheque Clearing to Resume.

The Central of Nigeria has lifted the suspension on cheque clearing it imposed about a month ago, a statement signed by Sam Okojere, a director at the bank services department, disclosed. “In furtherance of its effort in the development of a safe and efficient payment system in Nigeria, the Bank in collaboration with relevant stakeholders has reviewed the need for cheque clearing to accommodate users of cheque as one of the payment instruments in Nigeria,...

BREAKING! 2020 Budget: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan

President Muhammadu Buhari has asked the Senate to approve his request to secure a fresh loan of N850 billion to fund some projects in the 2020 budget. He made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of the upper chamber of the National Assembly in Abuja. According to the letter, President Buhari seeks to raise the loan from the domestic capital market to ensure adequate...

LUTH Delivers COVID-19 Patient, 40, of Baby Girl

The Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos, says its medical team on Monday delivered a 40-year-old COVID-19 patient, of a baby girl. The LUTH management made this known in its verified official twitter handle, @LUTHofficial, on Monday. According to the tweet, the team comprises doctors, anesthetists, and nurses. It said: “A team of LUTH doctors, anesthetists and nurses delivered a woman with COVID-19 of a baby girl this afternoon. “The 40-year-old mother and 3.3kg...

Corona Virus: Governors Urges President Buhari To Relax Curfew

Governors have advised President Muhammadu Buhari to relax the curfew was imposed on some states last month in an effort to restrict the virus from taking its toll on the citizens. They urged the president to relax the lockdown within these states and restrict inter-stead movement while the restriction on large gatherings and compulsory use of face masks in public places is enforced. The call comes just as the nation is expecting the president to...

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