President Buhari Meets Members Of Economic Advisory Council

President Muhammadu Buhari on Wednesday met behind closed-doors with members of the recently constituted Economic Advisory Council (EAC) at the Presidential Villa, Abuja.

CBN Fines 12 Banks N499b For Loan Policy Breach

The Central Bank of Nigeria (CBN) has fined 12 commercial banks N299.1 billion for breaching its lending guidelines, The Nation reports. In a CBN circular directed that all banks to maintain the Loan Deposit Ration (LDR) to a minimum of 60 percent by September 30, 2019. This was in a bid to sustain economic growth through investment in the real sector.

2020 Budget: House Of Reps Begins Debate On Appropriation Bill

The House of Representatives on Wednesday commenced the debate on the 2020 Appropriation bill presented by President Muhammadu Buhari to a joint session of the National Assembly on Tuesday.

Minimum Wage: NLC, TUC Give Ultimatum To Go On Industrial Action

Nigerian Labour Congress, NLC and the Trade Union Congress, TUC has given President Buhari an ultimatum to conclude negotiations on the consequential adjustment of workers’ salaries between grade level 7 to 14 else they will call for industrial action.

Financial Crises Hits United Nations - Guterres

Secretary-General of the largest global body in the world, the United Nations (UN), Antonio Guterres, has disclosed that the organization is currently facing severe paucity of funds.

Senate To Investigate Alleged Refusal To Remit About $21bn By 7 International Oil Firms

The Senate has directed three of its Committees to probe seven international oil firms for allegedly failing to remit about $21bn into the national coffers, Daily trust reports.

2020 Budget: Gov. Udom Presents N598bn Appropriation Bill to Lawmakers

The Governor of Akwa Ibom State, Mr. Udom Emmanuel, on Tuesday presented a budget proposal of N597, 800 billion for the 2020 fiscal year to the state House of Assembly for consideration and passage.

World Bank Deploys New Country Director For Nigeria

The World Bank has appointed Mr. Shubham Chaudhuri as the new country Director for Nigeria to take over from Mr Rachid Benmessoud whom his term expired recently.

Osinbajo Jets Out Of Abuja, Set To Attend Nordic-Africa Business Summit

The Vice President, Prof. Yemi Osinbajo, on Monday left Nigeria for Oslo, Norway to attend the Nordic-Africa Business Summit.

President Buhari has disclosed that effort to repatriate another trench of $300 million Abacha loot from the United State government has reached an advance stage. Buhari said a memorandum of understanding (MOU) would be ratified by both countries to return the stashed money back to Nigeria. The $300 million was traced to bank accounts in the U.S. and Jersey, an island infamous for its negligent tax avoidance policy.