Friday, May 22, 2020
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday met with the leaders of some key committees of the National Assembly to get their input for the revised 2020 budget…Read more.
Aggrieved contractors owed over N17bn by the Federal Ministry of Agriculture and Rural Development are mobilising to stop the FMARD’s minister from gaining entry into his office again on Friday (today)…Read more.
The Federal Government on Thursday inaugurated the governing board of the Nigerian Ports Authority. The Minister of Transportation, Rotimi Amaechi, who inaugurated the board in a controlled ceremony in Abuja, charged members of the team not to run a parallel government…Read more.
World airlines have proposed new safety guidelines to governments toward re-starting passenger flights amid the coronavirus crisis.The airlines, under the aegis of International Air Transport Association (IATA)…Read more.
Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing formula that will guide the monthly adjustments in the pump price of premium motor spirit (PMS) otherwise known as petrol in order…Read more.
Some indigenous carriers may not have the operational funds to resume flight operations when the federal government lifts the ban occasioned by COVIID-19 lockdown in June, unless government makes available its promised bailout on time…Read more.
FirstBank of Nigeria Limited has announced that thousands of students have been signing up to access the e-learning solutions for free which is provided in partnership with Roducate and Lagos State Government….Read more.
FG projects GDP to contract by -8.9%. Suspends debt deductions from states. Inflation hits two-year high at 12.34%. World Bank pledges $1.5bn relief package to states. Oil price hits $36 two-month high as demand recovers…Read more.
Investors are reacting to the latest news that China is set to impose a new national security law on Hong Kong, which could spark further anti-government protests. There are no economic data releases, Fed speeches or Treasury auctions Friday as the U.S. heads for an extended weekend…Read more.
Goldman Sachs revised its growth forecast for India and said the economy is expected to contract by 5% for the fiscal year that began in April and ends in March 2021. Prachi Mishra, chief India economist at the investment bank, said two reasons factored in…Read more.
Turkey’s parliament in late April approved a bill allowing the Turkish Wealth Fund to buy or become a partner in distressed companies hit by the coronavirus outbreak…Read more.
Confirmed coronavirus cases around the world passed 5 million early Thursday as infections continue to accelerate in the Americas. The U.S. alone accounts for 1.5 million cases of the virus and more than 90,000 deaths of the global death toll…Read more.
Nigeria’s annual inflation rate rose for the eight consecutive months to 12.34 percent in April, driven by higher food prices prompted by the COVID-19 induced restrictions across the country…Read more.
The immediate past President/Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uche Olowu, has called on stakeholders in the banking industry to leverage emotional intelligence to build ethical leadership in the industry…Read more
Total expenditure is now N920.5 billion, less by N248 billion or 14.7 percent from the N1.68 trillion it earlier budgeted. The State’s Commissioner for Economic Planning and Budget, Mr. Sam Egube, announced this yesterday…Read more