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IMF approves US$20.47 million for Guinea-Bissau
The International Monetary Fund (IMF) has approved the disbursement of US$20.47 million under the Rapid Credit Facility (RCF) to help Guinea-Bissau meet urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic.
The…
Intn’l Oil Companies caution against Petroleum Industry Bill
International Oil Companies (IOCs) have called for caution, noting that the passage of the much awaited Petroleum Industry Bill, (PIB) “will not meet the government’s objectives of making Nigeria the leading destination for oil and gas…
Osun Governor inaugurates Juice production company
The Osun State Governor, Adegboyega Oyetola has inaugurated a juice production company at the Omoluabi Free Trade Zone, Osogbo, the state capital.
Governor Oyetola said the company owned by Collins Crown Limited is a testimony to his…
Kwara State generates N6.2bn revenue internally
The Kwara State Government says it made N6.2 billion as its Internally Generated Revenue (IGR) in the last quarter of 2020.
The Executive Chairman of Kwara State Internal Revenue Service (KWIRS), Mrs. Shade Omoniyi said the amount was…
MPC: Financial Expert urges CBN to address inflation rates
In the Central Bank of Nigeria, CBN's first 2021 opening Monetary Policy Committee (MPC) meeting on Monday, a financial expert, Mr Okechukwu Unegbu, advised the committee to address rising inflationary rates.
Unegbu, who gave the advice…
Social Protection Fund requires serious consideration – Rwandan President
Rwanda’s President, Paul Kagame on Monday said; “The social protection fund is a bold idea that merits serious consideration by policymakers.”
He made the statement as an affirmation to the proposed establishment of a global social…
IMF boss targets strategies to boost economic growth
The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva is set to map out plans that will focus investments to green technologies in order to boost global economic growth.
She made the statement on Monday,…
Nigeria attracted $2.6bn FDI in 2020 – United Nations
The United Nations says Nigeria, Africa’s largest economy attracted a total Foreign Direct Investment (FDI) of $2.6 billion in 2020 down from the $3.3 billion it attracted in 2019 while South Africa, a major competitor for FDI inflows in…
SERAP urges Nigerian government – ‘Disclose details of N729bn proposed payments’
The Minister of Humanitarian Affairs, Sadiya Umar-Farouq, has been asked by Socio-Economic Rights and Accountability Project (SERAP) to “publish details of proposed payments of N729bn to 24.3 million poor Nigerians."
SERAP made the…
Delta government approves N1.26bn for road construction
The Delta State Government has approved the construction of Aragba-Orogun township Roads in Ughelli North, widening and rehabilitation of the 2.1 kilometres Orhunwhorun Road in Udu and the overlay of the Old Lagos/Asaba Road through…