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FG plans legal backing for cash transfer, school feeding programmes
The Federal Government says it is collaborating with Save the Children, UNICEF, United Nations Development Programme and other stakeholders to produce a draft bill that will legalise social protection in Nigeria.
The draft bill,…
Nigeria lost N1.5tn to #EndSARS protest disruption says FDC
The Financial Derivatives Company Limited (FDC) has estimated the economic cost of the #EndSARS protest disruption at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget.
In its latest economic…
Perm Sec says N1.3bn for State House Clinic is too small
Permanent Secretary of the State House, Tijani Umar, on Thursday said the N1.3bn approved for the State House Clinic in the 2021 budget was too small.
Speaking with journalists after defending the 2021 budget before the…
COVID-19: AfDB postpones annual Investment Forum to 2021
The Board of Directors of the African Development Bank Group and the Africa Investment Forum founding partners have approved the postponement of the 2020 AIF to 2021.
According to a statement from the AfDB on Wednesday, the…
Nigeria’s total public debt to hit N38tn by December 2021
Nigeria's total public debt will hit N38tn by December 2021, according to Minister of Finance, Budget and National Planning, Zainab Ahmed.
Ahmed disclosed this on Tuesday in her presentation to the Senate Committee on Local…
FG asks NASS to approve fresh $1.2bn loan from Brazil
The Federal Government is seeking a $1.2bn loan from Brazil to finance agricultural programmes in the 2021 budget.
Minister of Finance, Zainab Ahmed, who disclosed this when she appeared before the House of Representatives…
#EndSARS: Sanwo-Olu promises tax break for owners of looted shops
Lagos State Governor, Babajide Sanwo-Olu, has promised to assist tenants and shop owners at the Circle Mall in Lekki, whose shops and stores were looted and razed by hoodlums during the recent #EndSARS protests.
The…
MTN, 9Mobile to conduct e-SIM trial in Nigeria
The Nigerian Communications Commission on Monday said it had granted approval for mobile network operators, MTN Nigeria and 9Mobile, to carry out trials on the workability of embedded Subscriber Identification Modules (e-SIMs)…
Just in: FG has approved N5bn bailout for aviation sector says Sirika
The federal government has approved a whooping five billion naira for the operators of the Aviation sector following the challenges that trailed the outbreak of the COVID-19 pandemic.
The Minister of Aviation, Senator Hadi…
Secondary Treasury Bills market to compress as N246bn OMO maturities boost liquidity
Strong indications have emerged that rates in the secondary Treasury Bills market will compress further on the back of higher demand as the Open Market Operations (OMO) worth N246.0 billion would hit the system.
The Treasury…