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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JobsWest AfricaECOWAS Should Reject Nominations from Countries Without 30% Women Representation – Lawmaker

Bada Yusuf Amoo (Correspondent)April 14, 2021

Gambian Lawmaker, Hon. Fatmata Njai says the ECOWAS Parliament can achieve 30 per cent representation of women in parliament only if it rejects nominations from countries not meeting the criteria. Njai expressed this thought while speaking with journalists during the Fifth Legislature’s Delocalized meeting of the ECOWAS Parliament holding in Monrovia with the theme, “Empowerment of Women in the ECOWAS Region.” Njai said it was pertinent to note that some countries lacked female representation in the Conference...

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Lion Business Park Unveiled In Enugu Free Trade Zone

BusinessLion Business Park Unveiled In Enugu Free Trade Zone

Ije Ulasi (Regional Correspondent)April 14, 2021

The Lion Business Park, LBP, a commercial initiative promoted by Lion Business Park Ltd and the Enugu State Government of Nigeria on Tuesday was unveiled by the Enugu State Governor, Ifeanyi Ugwuanyi. The Park sits on two thousand (2000) hectares of land within the Enugu Free Trade Zone near popular 9th Mile Corner, Enugu is the biggest economic hub in the South-East geopolitical zone in Nigeria with an estimated investment portfolio of $12 billion (USD)...

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DPR Revokes 32 Refinery Licenses As Dangote Refinery Reaches 80% Completion

BusinessInvestingOil & GasDPR Revokes 32 Refinery Licenses As Dangote Refinery Reaches 80% Completion

Bada Yusuf Amoo (Correspondent)April 13, 2021

The Department of Petroleum Resources (DPR) has disclosed that 32 refinery project licenses issued to private investors in the country have become invalid in the past three years. According to the DPR, the numbers of valid refinery project licenses presently in the country are 23 as of March 2021, from the 44 in April 2018. Analysis of the agency’s new list of valid refinery project licenses and that of April 2018 revealed that 32 licenses...

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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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Nigerian Labour Congress Reacts To Mass Sack Of Workers In Kaduna

JobsLabourNewsNigeriaNigerian Labour Congress Reacts To Mass Sack Of Workers In Kaduna

Hassan Umar Shallpella (Regional Correspondent)April 8, 2021

The Nigerian Labour Congress (NLC), Kaduna State Council, has condemned the mass sack of workers in the state public service. The NLC was reacting to the sack of local government workers who are above 50 years and pegging the total number of staff in each local council at 50 workers. The state NLC Chairman, Mr. Ayuba Suleiman, made the condemnation at a press conference on Wednesday in Kaduna said the government has ordered the conversion...

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