Governor El-Rufai Sacks 19 Political Appointees

JobsPoliticsGovernor El-Rufai Sacks 19 Political Appointees

Hassan Umar Shallpella (Regional Correspondent)May 26, 2021

KADUNA — The Kaduna State Governor, Nasir El-Rufai has approved the disengagement of 19 political appointees as part of the ongoing rightsizing exercise in the state. A statement from Sir Kashim Ibrahim House which was issued on Wednesday said that affected officials include two Special Advisers, a Deputy Chief of Staff, and several Special Assistants. According to the Governor, the 19 disengaged staff are the first phase of public servants who will depart the public...

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CBN Maintains Monetary Policy Rates At 11.5%

EconomyMoneyCBN Maintains Monetary Policy Rates At 11.5%

Bada Yusuf Amoo (Correspondent)May 25, 2021

The Monetary Policy Committee (MPC) branch of the Central Bank of Nigeria (CBN) has again voted to retain the monetary policy rate at 11.5 percent. This was disclosed in an announcement by the CBN Governor, Godwin Emefiele, at a press briefing at the CBN headquarters in Abuja on Tuesday. The CBN Governor, while speaking further on the MPC’s decision at the end of the two-day rates decision meeting, said that the committee voted to leave...

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CBN Devalues Naira, Adopt NAFEX

EconomyMoneyNigeriaCBN Devalues Naira, Adopt NAFEX

Beloved John (Staff Writer)May 25, 2021

Naira now stands at 410.25 for a dollar with the adoption of the Nigerian Autonomous Foreign Exchange (NAFEX) rate — weakening by 8 percent. The adoption of NAFEX by the Central Bank of Nigeria (CBN)  implies that the official exchange rate will be determined by the relatively flexible window. The CBN had introduced the I&E window in 2017 to improve foreign exchange market mechanisms, deepen market liquidity, and ensure prompt execution and settlement of all...

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Production Rises As Manufacturing Sector Record Uptick Change

EconomyNewsProduction Rises As Manufacturing Sector Record Uptick Change

Beloved John (Staff Writer)May 24, 2021

Data released by the National Bureau of Statistics (NBS) has shown that Nigeria’s gross domestic product(GDP) rose by 0.51% in real terms in the first quarter of the month. The rise was triggered by the manufacturing sector which recorded a 3.40 per cent(year on year) growth in the firdt quarter(Q1) as well. This percent is higher than -1.51 per cent and 0.43 percent recorded in the fourth quarter (Q4) of 2020 and first quarter (Q1)...

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Nigeria GDP Grows By 0.51 in the First Quarter of 2021

EconomyNigeriaNigeria GDP Grows By 0.51 in the First Quarter of 2021

Bada Yusuf Amoo (Correspondent)May 24, 2021

The National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) by 0.51 per cent in first quarter (Q1) of 2021. It said in its data titled “Nigerian Gross Domestic Product Report – Q1 202” that it made it the second successive quarter of growth rates recorded in the second and third quarters of 2020. The NBS noted: “Nigeria’s Gross Domestic Product (GDP) grew by 0.51%(year-on-year) in real terms in the first quarter of...

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Nasarawa State Government Embarks On Construction Of Neighborhood Market At N349.7million

BusinessMarketsNasarawa State Government Embarks On Construction Of Neighborhood Market At N349.7million

Hassan Umar Shallpella (Regional Correspondent)May 23, 2021

The Nasarawa State will construct a neighborhood market in the Akwanga Local Government Area at the cost of N349.7million. Flagging off the construction of the market in Akwanga on Saturday, the governor, Abdullahi Sule said it would boost the socio-economic activities and enhance the standard of living of the people of the area and the state in general. He said the construction of the market was part of activities to mark his two years in...

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No Plan To Increase Price Of Petrol-Minister

BusinessOil & GasNo Plan To Increase Price Of Petrol-Minister

Hassan Umar Shallpella (Regional Correspondent)May 22, 2021

ABUJA — The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has no plans to increase the pump price of Premium Motor Spirit (PMS) also known as petrol in June. In a statement in Abuja on Friday, the Minister was reacting to recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol. “Once again, it has become necessary to assure Nigerians that despite...

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State Legislature And Judiciary To Start Enjoying Financial Autonomy Next Week-Ngige

JobsLabourState Legislature And Judiciary To Start Enjoying Financial Autonomy Next Week-Ngige

Hassan Umar Shallpella (Regional Correspondent)May 22, 2021

The Minister of Labour and Employment, Senator Chris Ngige says the Federal Government would by next week commence the implementation of financial autonomy for state legislature and judiciary. Ngige, disclosed this on Thursday after a conciliation meeting to resolve the strike of the Judiciary Staff Union of Nigeria (JUSUN) and Parliamentary Staff Association of Nigeria (PASAN). In a statement by the Deputy Director, Press and Public Relations, Federal Ministry of Labour and Employment, Charles Akpan,...

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AfDB Approves New Water Policy for Regional Members

AfricaEconomyAfDB Approves New Water Policy for Regional Members

Bada Yusuf Amoo (Correspondent)May 22, 2021

The Board of Directors of the African Development Bank (AfDB) Group has approved a new policy on water, prioritizing water security and the transformation of water assets to foster sustainable, green, and inclusive economic growth in regional member countries. “The new water policy provides a general framework for the African Development Bank Group to expand its role as the continent’s partner promoting the integrated development and management of Africa’s water sector for inclusive and sustainable...

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Financial Autonomy: State Governors, JUSUN, PASAN Agree On Implementation Deadlines

JobsLabourFinancial Autonomy: State Governors, JUSUN, PASAN Agree On Implementation Deadlines

Bada Yusuf Amoo (Correspondent)May 21, 2021

ABUJA — State governors and the leadership of the Judiciary Staff Union of Nigeria (JUSUN) and Parliamentary Staff Association of Nigeria (PASAN) have signed an agreement on the modalities and deadlines for the commencement of full financial autonomy for the state judiciary and legislative arms of government. The deal was orchestrated by the committee on the implementation of financial autonomy for the state legislature and judiciary arms of government led by the Minister of Labour...

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