Business

The Federal Government of Nigeria has explained why Nigeria is missing on the list of nations that received debt relief grants from the International Monetary Fund (IMF), to cushion the effect of the COVID-19 Outbreak globally. Nigerians on different platform expressed dissatisfaction when 25 different nations except Nigeria across the …

First Bank Of Nigeria Holdings PLC, has indicates interest to do away with 65% of their equity in FBN Insurance Limited to their partner, Sanlam Emerging Market. Sanlam have an existing equity of 35% with FBN Insurance before these new discussions. FBN who made the ongoing discussion to sell the …

The Central Bank of Nigeria (CBN), has given out details to checkmate illegal collection of processing fees from Nigerians who may want to apply for Covid-19 Loan. CBN asked Nigerians to report any irregularities encountered during application to a given email address and a mobile phone number. “Any observed irregularities …

25 Nations except Nigeria across the globe have been relief of their debt by the International Monetary Fund According to the Managing Director of the IMF, Kristalina Georgieva, $500m would be provide in grant-based debt service relief to these countries. “Today, I am pleased to say that our executive board …

The Governor of Cross River State, Ben Ayade, has advises government at various level to also consider protecting livelihoods other than lives alone, in the fight against coronavirus. The professor of science who made more emphasis on life after the pandemic, said Protecting lives without protecting livelihoods of Nigerians will …

Grade 10 Civil Servants in Cross River state, has been asked to resume work against the Stay-at-home, and social distancing rules of the World Health organisation to contain the spread of the virus. The Governor, Prof. Ben Ayade, who gave the directive three days after he said no need for …

Decision to provide free electricity to Nigerians for two months is yet to be reached, Federal Government confirmed yesterday. The Minister of Power, Saleh Mamman, in a tweet said “No decision has been taken by the Federal Government to provide Nigerians with free electricity for two months. “If and when …

The Former Nigeria Finance Minister, Dr. Ngozi Okonjo-Iweala,among other prominent individuals across the globe, have been appointed to serve the Managing Director, International Monetary Fund, Kristalina Georgieva, to serve as her new External Advisory Group. In a statement posted on the website of IMF, the group said “comprising individuals with …

The Federation Account Allocation Committee yesterday (Monday) shared the sum of N581.56bn to the three tiers of government for the month of February. The February allocation represents a decline of N65.79bn when compared to the N647.35bn which was shared in the month of January. The distribution was made at the …

President, Muhammadu Buhari, has approved the appointment of Bashir Jamoh as the Director-General of the Nigerian Maritime Administration and Safety Agency. The newly appointed DG of the NIMASA is currently the Executive Director, Administration and Finance at the agency. Jamoh, who hails from Kaduna, is also the current president of …