During the week spanning through 26th to 3oth August 2019, Central Bank of Nigeria (CBN) is set to auction N169.85 billion worth of Treasury Bills (TBs). This will reflect in a high interest rate on investments in the Country. The decision was borne out of the massive under subscription incurred by the Federal Government of Nigeria (FGN) Bond auction of N145 billion conducted by the Debt Management Office (DMO).
Dissatisfied By The Pace Of Minimum Wage Negotiation, Buhari Wades In
Following the delay by representatives of Organized Labour and the Federal Government to agree on the consequential adjustments relating to the recently approved New Minimum Wage, President Muhammadu Buhari has waded into the matter.
LG Funds: Governors Forum Convene To Review NFIU Directive
The Nigerian Governors Forum will today meet in Abuja to discuss matters arising on a recent directive by the National Financial Unit (NFIU) on Local government funds.
Nigeria's Economy: Stable and Growing In Post Recession Era
The National Economic Council (NEC) which is being concurrently spearheaded by the head of Nigeria’s Economic Management team, Vice President Yemi Osinbajo has on Thursday 22nd August, 2019 disclosed that there is unprecedented economic stability and growth during the previous eight successive quarters of the years spanning through 2017 to 2019, since Nigeria emerged out of economic recession.
FG Begins Construction Of Ibbi Bridge On River Benue
Federal Government was applauded by residents of Ibbi and Wukari LGAs of Taraba state as well as their counterparts in Wase and Shendem LGAs of Plateau state for commencing the construction of a bridge on river Benue to link Taraba and Plateau states.
Governors Jittery As FG Set To Recoup ₦614 Billion Bailout Funds
The Federal Government has unfolded its plan to recover the ₦614 billion bailout fund it’s offered to 35 states under the National Budget Support Loan Facility.
NSE: Equities Market Up By 0.71%
The Nigerian equities market opened the week on a bullish note after the All-Share Index lost 1.4 percent last week even as trading for the week began on a positive trend due to price appreciation in high capitalized stocks.
President Buhari Commissions Laudable Projects In Kaduna
On Thursday, 22nd August 2019 President Muhammadu Buhari commissioned multiple projects in Kaduna state executed by his administration in collaboration with the Kaduna State Government and other developmental partners. While commissioning the projects, the President pledged that his administration will continue to initiate and implement policies that are people-oriented so as to change the narrative for Nigerians.
FG Set To Appeal Court Orders Over Seizure Of 20% Nigeria’s Foreign Reserves Assets
The Federal Government of Nigeria has said that it would appeal Friday’s the ruling by Justice Butcher of the UK Commercial Court ordering Irish firm, Process and Industrial Developments Ltd (P&ID) to seize 20% in assets, of Nigeria’s foreign reserves, amounting to $9bn.
How I'll Resolve Minimum Wage Issue - Ngige
The Minister of Labour and Employment, Dr Chris Ngige, has promised to speed up the processes for the implementation of the new minimum wage.
Nigeria To Commence Food Export To Dubai, UAE
Small and Medium Enterprises (SMEs) in Nigeria will soon export food crops to Dubai, United Arab Emirates (UAE). This followed an agreement with Crenov8, a consultancy firm with food importers in the UAE. This will promote diversification of the country's economy through agriculture.