Nigeria: FG, States, LGs Share N547bn For May
The Federation Accounts Allocation Committee on Wednesday at its virtual meeting shared to the three tiers of government a total…
Category: Local
Nigeria: Appointment Of Mr. Babalola Obilana As The New Director-General Lagos State Pension Commission
The Lagos state Governor Mr Babajide Sanwoolu has approved the appointment of Mr Babalola Obilana as the Director General of…
Nigeria: Sanwo-Olu Re-Jigs Security, Employment Trust Fund Boards
Lagos State Governor, Mr. Babajide Sanwo-Olu has approved the reconstitution of the Lagos State Employment Trust Fund (LSETF) and the…
Nigeria Needs To Spend 18% GDP On Infrastructure – IMF
The International Monetary Fund has estimated additional spending of 18 percentage points of Gross Domestic Product by 2030 for Nigeria…
Nigeria: Stock Market Rises Slightly As Investors Gain N90bn
The nation’s stock market rose by 0.67 per cent last week as the market capitalisation increased by N90bn. The Nigerian…
Shoppers Rush To The High Street As England Stores Reopen
Demand across England’s High Streets, retail parks and shopping centres surged on Monday as some shops reopened after a three-month…
JPMorgan To Bring Back More Traders To Office Next Week
JPMorgan Chase & Co (JPM.N) plans to start returning more traders to its Manhattan trading floors starting next week, Bloomberg…
EU And UK Agree To Speed Up Brexit Trade Talks With Plans To Hold Weekly Negotiations
The European Union and the U.K. government have decided to intensify Brexit talks over the coming weeks amid growing concerns…
Nigeria: Transport Sector Lost N200bn In Three Months – Operators
The nation’s transport sector lost about N200bn in three months as a result of the lockdown occasioned by the coronavirus…
Bank Of England ‘Ready To Act’ As Economy Shrinks Record 20%
Bank of England governor Andrew Bailey has said he will be “ready to take action” to help the UK economy…
Nigeria: FG’s Sukuk Bond Oversubscribed By N519.12bn
The Federal Government’s Sovereign Sukuk bond of N150n offered to investors was oversubscribed by N519.12bn, the Debt Management Office has…
Tesla Stock Gets Two Downgrades, Falls Below $1,000
Tesla Inc. stock lost some of its luster Friday after Goldman Sachs and Morgan Stanley moved to downgrade the shares,…
Nigeria: 39.4 Million May Be Jobless Before Year End – FG
The Federal Government has raised the fear that except something urgent is done, about 39.4 million Nigerians may be jobless…
For the Record: President Buhari’s 2020 Democracy Day Speech
Fellow Nigerians, 1. The 2020 celebration of Democracy Day marks 21 years of uninterrupted civil administration in our dear country.…
Nigeria’s 5-Year Naira Futures Sink To 578 On Dollar Shortage
ABUJA, June 10 (Reuters) – The Nigerian naira for five-year settlement was quoted at 578.37 to the U.S. dollar on…
Coronavirus May Lead To Loss Of 13Million Jobs In Nigeria – UN
The COVID-19 pandemic may lead to the loss of 13 million jobs in Nigeria, the World Food Programme of the…
Nigeria Vows To End Piracy In Gulf Of Guinea
The Federal Government has promised to employ all machinery to eliminate the act of piracy in the Gulf of Guinea.…
Nigeria Recorded N138.98bn Trade Deficit In Q1 – NBS
Nigeria recorded a trade deficit of N138.98bn in the first quarter of 2020, the National Bureau of Statistics has said.…
Nigeria: FG Suffers N1.01tn Revenue Shortfall Published June 10, 2020
The negative impact of the Coronavirus pandemic has resulted in the Federal Government recording a revenue shortfall of about N1.01tn…
3M Sues Amazon Storefront That Allegedly Sold Fake N95 Masks
The 3M corporation has filed suit against a third-party Amazon seller called KMJ Trading Inc, which allegedly sold more than…
Nigeria: Oil Revenue To Drop By N140b
A dip in the Federal Government’s revenue is in the offing. This is because following the cut in oil production…
Stocks Mixed As Investors Step Back From Highs
A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from major stock indices…
Nigeria: Currency In Circulation Rises To N2.35tn
Despite lockdown introduced to contain the spread of COVID-19 in the country, huge cash transactions in the economy had continued…
3 Million Nigerians Expected To Slide Into Poverty
Nigeria’s misery index is set for a spike, with more than three million people joining the population of poor Nigerians,…
Huawei Launches Media Campaign, Says It Is Committed To Provision Of 5G Networks
Huawei is launching a newspaper and internet campaign to mark 20 years of business in the UK. In an open…
AfDB’s Total Commitment To Nigeria Hits $5bn
The African Development Bank has said its active portfolio in Nigeria comprised 61 operations, with a total commitment of about…
NFL Condemns Racism, Admits ‘We Were Wrong’ Not To Listen To NFL Player Protests
National Football League commissioner Roger Goodell admitted the league was “wrong” for failing to listen to players who protested social…
UN To Announce New State Carved Out of Nigeria, Cameroon By July 10
The United Nations has completed plans to carve out a new territory from Nigeria and Republic of Cameroon by July…
Oil Hits $40, As Nigeria Cuts Production By 216,000bpd
Global oil commodities gained in prices on Wednesday as Brent crude, the benchmark against which Nigeria’s crude is priced, rose…
Sony’s Unannounced 1000XM4 Headphones Leak In Full With Minor, But Welcome, Changes
Sony’s unannounced WH-1000XM4 noise-canceling headphones have leaked in full thanks to a new listing on Walmart’s website that reveals basically…