Breaking 2020 Budget: Nigerian Senate Approves Buhari’s Request To Raise Fresh N850bn Loan
President Muhammadu Buhari has asked the Senate to approve his request to secure a fresh loan of N850 billion to fund some projects in the 2020 budget. He made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of…
Breaking: President Muhammadu Buhari Sets To Address The Nation By 8pm As Another Lockdown Is Imminent
President Muhammadu Buhari is set to address the Nation by 8pm tonight amid covid-19 outbreak for the third consecutive times since the pandemic broke out. According to the Media Aide of President Buhari, Mr Femi Adesina, the presidential broadcast would…
Breaking: IMF Meets To Evaluate Nigeria’s $3.4bn Emergency Loan Request
The International Monetary Fund (IMF), is expected to recommend the approval of $3.4 billion in emergency funding for Nigeria as part of measures to cushion the impact of COVID-19 on the nation’s economy. Bloomberg reports that, the IMF Executive Board…
Breaking: COVID-19 N50bn Loan, CBN Begins Disbursement On Thursday
Following Federal Government N50bn loan relief for COVID-19, the disbursement of the first tranche of the Central Bank of Nigeria targeted credit facility would begin on Thursday. The fund, which is being managed by the NIRSAL Microfinance Bank, has…
opinion: The Implications Of The Plunge Price Of Crude Oil On Nigerian Economy By, Sani Michael Omakoji
About late hour yesterday being 20th April, 2020, we got a sad news that the price of Crude oil has fallen to all time low of $0.37, an amount that is 99% lesser in value compare to cost of break-even. This news got many of our staff who have knowledge…
Breaking: President Donald Trump Gives Whooping Sum As Bailout To Ailing Farmers
President Donald Trump has on Saturday announced a whopping sum of $19 billion bailout package for ailing farmers hurt financially by the ravaging coronavirus pandemic. According to President Trump, the aid plan includes $16 billion in direct payments to…
Breaking: CBN Declares COVID-19 Loan As Free For All & Warn Nigerians Not To Be Lured By Fraudsters
The Central Bank of Nigeria (CBN) on Monday said application for COVID-19 loan is free for all and warned Nigerians not to be lured by fraudsters who are out to defraud them in the name of giving loan. In a statement signed by its Director of corporate…
Just In: Federal Government Cautions Nigerians On Awaiting 774,000 Jobs
The Federal Government has said the portal in circulation on the social media for its recruitment exercise of 774, 000 Nigerians for the Special Public Works program is fake. The Minister of Finance, Budget and National Planning, Zainab Ahmed, on April…
Just In: Former Nigerian Finance Minister Okonjo-Iweala Appointed By IMF
Nigeria’s former finance minister, Ngozi Okonjo-Iweala, was on Friday named a member of the External Advisory Group constituted by the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. The group of prominent individuals…
COVID-19: Electricity Distribution Company Makes Clarifications On 2Months Free Electricity
The Abuja Electricity Distribution Company (AEDC) has said that no decision has been made yet on the 2 months free electricity, urging consumers to pay their bills. The General Manager, Corporate Communications, AEDC, Mr Oyebode Fadepe, made the…