Gov Fintiri Signs 2021 Budget As 52% Goes For Capital Expenditures, 48% Recurrent

By Ibrahim Abdul’Aziz, Regional Correspondent ____ Adamawa State  Governor Ahmadu Umaru Fintiri Saturday signed the 2021 budget of N140.034 billion into law.While explaining the budget, the governor said ” it is the first time in the state that the capital expenditure surpassed the recurrent expenditure.” To enhance a lot of the youth and women,  a whooping sum of N16 billion was earmarked in the budget. To this end,  Fintiri thanked the state house of assembly...

The Adamawa state Commissioner for Transportation, Alhaji Mustapha Musa Jika says the Ministry is doing its best to make the Adamawa sunshine express operators of Sunshine Bus Company becomes one of the leading transport companies in Nigeria. The commissioner stated this Wednesday during the sunshine productivity award ceremony held at the corporate headquarters of the Adamawa Transport Board in Yola. “Hard work pays, staff of the board should work hard by ensuring honesty, transparency, and...

CBN Lends ₦1.7tn to Banks in Three Months – CBN Economic Report

The Central Bank of Nigeria (CBN) in the third quarter of 2020 lent Deposit Money Banks the sum of ₦1.7trillion. This was disclosed by the CBN in its third-quarter economic report. The report reads in part, “Deposit Money Banks and merchant banks continually accessed the standing facilities window to square up positions in 2020 Q3. “The trend at the CBN standing facilities window indicated more activities at the Standing Deposit Facility window, compared to the...

ADHA Passes 2021 Budget Of Over N140b

Adamawa State House of Assembly Thursday during a rare session passed the 2021Appropriation bill of over one hundred and forty billion naira (N140b) as the proposed Budget Estimate of the Adamawa State Government. The Passage of the bill followed the presentation of the report of the House Standing Committee on Finance, Appropriation and Budget on the floor of the House by the committee chairman Mrs. Kate Raymond Mamuno. After resolving some issues raised, Mrs. Mamuno...

COVID-19: PTF Announces New Travel Rules for Passengers from UK, South Africa

The Presidential Task Force (PTF) on COVID-19  has announced new travel rules for passengers coming into Nigeria from South Africa and the UK where a new variant of the virus has been discovered. The National Coordinator of the PTF,  Dr. Sani Aliyu made the announcement on Thursday in Abuja, during a media briefing. Aliyu said effective from Monday, all passengers coming into the country from the UK and South Africa on direct flights must use...

UK, EU Reach Post-Brexit Trade Deal

Britain and the European Union (EU) have reached a deal on their post-Brexit trade relations, British media reported on Thursday. British Prime Minister Boris Johnson is expected to confirm it at a press conference later, the reports said. Johnson is quoted by British media as saying that “the deal is “done.” “All of our key red lines about returning sovereignty have been achieved,” the BBC quoted an important government source as saying. Meanwhile, European Commission...

President Buhari Approves Redeployment of 9 Perm Secs

President Muhammadu Buhari has approved the redeployment of nine Permanent Secretaries in the Federal Civil Service. Dr. Folasade Yemi-Esan, Head of the Civil Service of the Federation (HOCSF), made this known in a circular she signed and issued in Abuja on Thursday. The permanent secretaries are: Mr. Musa Istifanus, from the Ministry of Communication and Digital Economy to Ministry of Defence and Mr. Gabriel Aduda, moving from Ministry of Youths and Sports Development to Ministry...

FGN Bond Oversubscribed by N70bn — DMO

The Debt Management Office (DMO) has said the N60 billion bond it offered for the month of December had been oversubscribed by more than N70 billion. FGN Bonds are debt securities issued by the DMO for and on behalf of the Federal Government and the government has an obligation to pay the bondholder the principal and agreed on interest as and when due. The organisation stated that the rates of 6.945 per cent and 7.000...

Trump Rejects $900bn COVID-19 Relief Bill Passed by Congress

U.S. President Donald Trump on Tuesday rejected the $900 billion (N349.2 trillion) Coronavirus (COVID-19) relief bill passed by Congress, describing it as a disgrace. In a video message posted on Twitter, Trump alleged that the bill contained “wasteful and unnecessary items”, adding that there was almost nothing about COVID-19 in it. According to him, the bill contains $85.5 million (N33 billion) for assistance to Cambodia and $134 million (N51,9 billion) to Burma. The president stated...

Refinery Rehabilitation Exercise on Course- Minister

The Minister of State for Petroleum Resources, Mr. Timipreye Sylva, said that the refinery rehabilitation exercise would be completed soon. He made this known during an interaction with members of the Nigeria Guild of Editors (NGE) in Abuja on Tuesday. “Apart from the completion of the plant equipment inspection and integrity study conducted since December 2019 as part of the phase one of the Port Harcourt refinery rehabilitation, the Nigerian National Petroleum Corporation (NNPC), on...

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