IMF Boss Gives Conditions for the $3.4 Billion Loan to Nigeria

The $3.4 billion loan to Nigeria which was approved about a week ago has been disbursed to the Central Bank of Nigeria at 1 percent interest rate, Kristalina Georgieva, Managing Director of International Monetary Fund said. The fund is a Rapid Financing Instrument (RFI) aimed at helping Nigeria alleviate the ravaging impact of COVID-19 and resolve the balance of payment issues. “In emergency assistance, once the board approves, we disburse within days to the country...

Onitsha Traders Cry Out to Anambra Govt. to Save Thier Shops From Gully Erosion

Traders at Glorious Market, Independent Market, Progress Market and Haruna Street Market in Onitsha have cried out to the Anambra Government to save their shops from being submerged by gully erosion. The President General of the markets, Chief Eric Uwaoma, made the call while conducting newsmen round the portions of the markets in the commercial city on Wednesday. According to Uwaoma, if urgent action is not taken, the shops of about 4000 traders in the markets will...

COVID-19: FG Grants 2-Month Licence Fee Waiver to Broadcast Stations

The Federal Government has granted a two-month licence fee waiver for terrestrial broadcast stations in the country as part of measures to cushion the effect of the Coronavirus (COVID-19) pandemic on the broadcast industry. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this at a meeting with the Broadcasting Organisations of Nigeria (BON) on Wednesday in Abuja. Mohammed informed the meeting that he had approved the request by the National Broadcasting Commission (NBC) to...

Court orders NUC, Airtel to Pay Media Outfit N703m for Copyright Infringement

Justice Inyang Ekwo of a Federal High Court, Abuja, on Wednesday ordered the National Universities Commission (NUC) and Zain Nigeria Ltd (now Airtel) to pay N703 million in damages to a media company, TV Xtra Production for copyright infringement. Delivering judgment, Justice Ekwo, held that the actions of the defendants contravened the Copyright Act. TV Xtra Production’sChief Executive Officer( CEO ) and General Editor Arise News, Christian Ogodo, had designed and registered a quiz programme,...

Nigerian Oil Bid Rounds, Upstream Projects Delayed Due to Price Crash – officials

LAGOS  – Nigeria will not hold bidding rounds for major oilfields until crude prices recover, and some upstream projects will be completed much later than originally planned, officials said in a web conference on Tuesday. Nigeria, Africa’s largest oil producer, is grappling with a significant drop in oil prices and a collapse in global fuel demand caused by lockdown measures aimed at containing the new coronavirus. The delay in some licensing rounds cut the country’s...

President Buhari Approves 5 Accounts for COVID-19 Donations

President Muhammadu Buhari has approved the opening of five COVID-19 Donor Accounts which form part of the existing Treasury Single Account (TSA) arrangement in five commercial banks. Mr. Henshaw Ogubike, Director Information, and Press, Office of the Accountant General of the Federation, made this known in a statement in Abuja. Ogubike disclosed that the approved banks were Zenith Bank, Access Bank, Guarantee Trust Bank, UBA, and First Bank. He explained that the framework covered all...

Taraba Community Urges Government to Probe Shomo/Jole Fishing Pond Conflicts

The Jole Community Development Association in Lau Local Government Area of Taraba has urged the state government to set up Judicial Commission of Inquiry to determine the actual ownership of the fish ponds in dispute that has continued to cost the lives of citizens over the years. The call was coming on the heels of the recent clashes between Shomo and Jole communities in Lau Local Government which claimed the lives of at least 25...

COVID-19: Video Conferencing App Zoom Tops Download Charts in February and March: Report

With more and more people working from home due the novel coronavirus pandemic, video conferencing tool Zoom Cloud Meetings topped download charts globally throughout February and March, according to data from app analytics platform App Annie. Zoom offers video and screen sharing for up to 100 people. With increased demand for collaboration tools amid COVID-19 shutdowns, Google has opened up its premium paid features of Hangouts Meet for free, ZOOM is offering K-12 students free access and...

Again Atiku’s American University of Nigeria,AUN Sacks Over 100 Staff

Amid economic crunch and novel Coronavirus pandemic being experienced across the globe the American University of Nigeria based in Yola, Adamawa state reportedly sacked over   100 staff. Multiple sources say that the affected staff includes security, auxiliary, administration  and staff of other departments. This is the second time an institution owned by Nigeria’s former vice president Atiku Abubakar is sacking staff within a week and this comes three days after Gotel Communications sack 54 staff...

NCDC DG Faults Banks, Tells Nigerians to Prepare for Another Lockdown

The nationwide non-compliance with the Presidential Taskforce for COVID-19 guidelines on Monday had been faulted by the Federal Government. The Nigeria Centre for Disease Control’s Director-General, Dr. Chikwe Ihekweazu stated this during the task force press briefing in Abuja. He warned that the President, Muhammadu Buhari could restore the lockdown if the guidelines were not being adhered to and there was a surge in coronavirus cases. According to him, banks were among the businesses that...

WP2Social Auto Publish Powered By : XYZScripts.com