BAUCHI — The Police Command in Bauchi State has screened 4,496 candidates for employment as constables, over nine days. The command’s spokesman, SP Ahmed Wakil, announced this in a statement made available to the News Agency of Nigeria (NAN) on Friday, in Bauchi. He said that the exercise was hitch-free and conducted under the supervision of the Police Service Commission (PSC) and the Federal Character Commission. He said that the exercise started on Feb, 1...
ABUJA — The minister of state for budget and national planning, Clement Agba, has disclosed that the federal government is devoted to improving the economy. He said this to the State House correspondent on Wednesday at the end of the federal executive council (FEC) meeting. According to him, the economy is making a lot of progress given its consistently good performance in recent times. “First, you say the figures that were given show that there...
By Joe C. Anatune, Guest Columnist and Blogger Akwete today is being popularised as a metaphor by Anambra State Governor-Elect, Cee Cee Soludo for the purchase and consumption of made in Anambra products and services. Already, the women of Akwete who under the inspiration of the pioneering works of Dada Nwakata, gave the world this fascinating fabric are smiling to the bank due to the association of their products with an iconic figure who...
ABUJA — The Nigerian National Petroleum Corporation (NNPC) says the distribution of petrol will normalize before the end of the month, as about 2.1 billion liters of the product would have been injected into the system. The Group Managing Director, GMD of the Corporation, Mele Kyari gave the assurance at a meeting with an Ad-hoc committee of the House of Representatives investigating the circumstances surrounding the importation of the adulterated fuel into the country. The...
ABUJA — Former Anambra Governor, Peter Obi has highlighted borrowing for consumption as Nigeria’s major challenge. He indicated that the mismanagement of borrowed funds has worsened the country’s economic situation, noting that the government should enforce a law to regulate borrowing. Peter Obi aired his opinion in a tweet on Thursday. He urged the government to wisely invest borrowed funds in order to propel growth in the country. “There is nothing wrong with borrowing. But...
Between January and December 2021, the Nigerian banking sector’s credit to the private sector rose by N5.1tn or 16.67 per cent, according to data obtained from the Central Bank of Nigeria. This was contained in the Money and Credit statistics released by the regulator. The report showed that credit to the private sector stood at N30.6tn during the first month of 2021. The data, however, put credit to the private sector at N35.7tn by December...
ABUJA — An Abuja Federal High Court presided over by Justice Inyang Ekwo has fixed March 25, 2022, for judgment in the suit filed by the 36 state governments against the plan by the federal government to deduct $418 million from states’ funds to settle debts owed consultants engaged by the states and local governments in relation to the Paris Club refunds. The plaintiffs in the suit are seeking to restrain President Muhammadu Buhari and...
AWKA — A member of Atlanta ’96 Olympics Nigerian Golden Dream Team, Kingsley Obiekwu, says he now uses his only car for commercial transport to sustain his family. Obiekwu, Member of the Order of Niger (MON), said this in an interview with the News Agency of Nigeria on Tuesday in Awka. The veteran, who played for Rangers International FC, Enugu and Udoji United in his days, said he went into the transport business to sustain...
ABUJA — The Debt Management Office (DMO) has disclosed it decision to auction N150 billion federal government bonds to investors. According to the agency, the action will be conducted on Wednesday, February 16, 2022. This was indicated in a circular recently published on its website. The bond issuance will be in two tranches valued at N75 billion each. The first tranche is the 10-year, 12.5 percent FGN Jan 2026 re-opening bond, and the other is...
ABUJA — The Debt Management Office (DMO) says the International Monetary Fund (IMF) report did not acknowledge improvements through borrowing. This statement is a reaction to the IMF’s 2021 Article IV consultation report on Nigeria which was recently released. According to the report, Nigeria may spend 92.6 percent of its revenue on debt servicing in 2022. Agusto and Co, a credit rating agency, also forecasted that the figure will be around 90 percent. In a...
