As part of its efforts to cushion the effect of COVID-19 on the health sector, the Central Bank of Nigeria (CBN) has disbursed over N83.9 billion to pharmaceutical companies, healthcare practitioners and health projects across the country. Governor of the ...
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Feed SubscriptionCBN Vows To Resist Maize Importation
The Central Bank of Nigeria (CBN) has restated the bank’s readiness to stop the importation of maize into the country. Governor of the apex bank, Godwin Emefiele, declared this in Katsina yesterday during the unveiling of the first maize pyramid ...
Read More »A’Ibom IGR Clinches N28.81bn in 2020 Despite COVID-19, Ors – NBS Report
By Mfon Sampson The National Bureau of Statistics- NBS report on “Internal Generated Revenue” at State level and FCT for Fourth Quarter and full year 2020 indicates a slide shortfall of N20bn to N1.3tn, from N1.33tn, recorded at the end ...
Read More »Senate moves to cut cement prices
A move to cut the skyrocketing costs of cement began yesterday at the National Assembly. The Senate urged the Federal Government to introduce liberal policies to stimulate more investment in the manufacturing of the product. The upper chamber said such ...
Read More »Obaseki’s N60Billion Claim Can’t Be Spurious – Gov Wike
…Blasts CBN Governor, Godwin Emefiele Governor of Rivers State, Nyesom Ezenwo Wike, says the claims by Edo state, Godwin Obaseki that Federal Government printed about N60 Billion to share to the federating units in March cannot be regarded as spurious. ...
Read More »States IGR Fell by N20bn to N1.31tn in 2020 – NBS
… As Lagos Grows IGR by 5% to N419bn Despite COVID-19 States Internally Generated Revenue fell by N20bn to N1.31tn as of the end of 2020 from N1.33tn as of the end of 2019. The National Bureau of Statistics disclosed ...
Read More »Over 2,600 killed, 1,190 kidnapped, N970m ransom paid in 8 yrs – Zamfara Governor
The Governor of Zamfara state, Bello Matawalle, has said 2,619 people were killed, 1,190 others kidnapped, and N970 million paid as ransom between 2011 and 2019 in the six northern states. Matawalle, who said there were over 30,000 bandits in ...
Read More »Digital Economy Has Come To Stay, Embrace It – Okonjo-Iweala Tells CBN
Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, has advised Nigeria’s Central Bank, CBN to embrace the digital economy and the opportunities it provides, as according to her digital economy has come to stay. The WTO DG who ...
Read More »FG Refineries Earn N21bn, Lose N778bn in Five Years
The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of data collated from their financial statements has shown. The refineries generated total revenue of N21.12bn in ...
Read More »A’Ibom Govt Certifies Dakkada Towers Ready For Lease
… Tasks Other Contractors On Deadline The twenty-one-story smart building in Uyo, the Dakkada Towers, a flagship project of the Governor Udom Emmanuel-led government of Akwa Ibom State, has been declared completed and up for lease to high-earned clients. Contractors ...
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