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Banks have confirmed the issuance of 26, 830 private sector agric loans worth N3.6 billion to be given to farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF). The issuance was approved by the Central Bank of Nigeria (CBN) with measures already put in place to enable access to the private sector agric loans from…
The Federal Government has welcomed and appraised the initiative of the United Nations (UN) to support Nigeria’s COVID-19 economic recovery efforts with a pledge of $250 million Plus Offer against the COVID-19 pandemic. Yemi Osinbajo, Vice President of Nigeria, while speaking in recognition of the UN’s plus offer stated that the support package aligns with…
The Management Committee of Oil Mining Lease (OML) 30, which represents the 112 host communities in Ughelli North Local Government Area, Delta State, has halted the operations of Heritage Energy Operational Services Ltd (HEOSL) following various offenses. This was made known in a statement issued by the Chairman of the Committee in the person of…
The Abuja Electricity Distribution Company (AEDC) has finalised arrangements put in place to install about 900,000 free meters for customers under its area of jurisdictional boundaries, in the next eighteen months. Engr. Ernest Mupwaya, Managing Director of AEDC, revealed that the meters being delivered under the National Mass Metering Program (NMMP) will commence the installation…
Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, will on Monday, November 9, 2020, handover to an acting chairman who will oversee the affairs of the commission until he gets the approval of the Senate for a re-nomination. The outgoing Independent National Electoral Commission chairman was re-nominated by President Muhammadu Buhari who…
Following the fire outbreak that occurred in the mid-hours of yesterday at a tank farm in the Ijora area, the Lagos State Emergency Management Agency (LASEMA) has asked residents to calm down as efforts are being made to cushion the effect of the outbreak. Dr. Olufemi Oke-Osanyintolu, LASEMA Director, in a statement said a combined…
The Nigerian Senate has called on the State House to put a stop to President Muhammadu Buhari’s foreign medical trips in order to help the government to focus and hasten the full development and functionality of the State House clinic. The Senate Committee on Federal Character and Intergovernmental Affairs issued the warning when Tijani Umar,…
Data from daily exchange rate platforms disclosed that the Naira has weakened against the US dollar on Wednesday at the parallel market. The rate presently closes at N464, 0.23% lower than the previous exchange rate of N463. It had, however, increased to 7.8% at the forex market within a week in September due to the…
Mr. Tokunbo Abiru, candidate of the All Progressives Congress (APC) for senatorial bye-election in Lagos East, disclosed that the Eti-Osa-Lekki-Epe expressway reconstruction project will have beneficial impact on Lagos economy. Abiru, who was previously an Executive Director in First Bank and immediate past CEO of Polaris Bank, praised the Lagos State Government for launching the…
Nigerian Women have voiced their demand for full representation in the ongoing constitution amendment review as lawmakers commence sitting on Wednesday. The political forum which took place in Abuja was attended by Pauline Tallen, Honorable Minister of Women Affairs; Comfort Lamptey, United Nations Women representative to Nigeria and other stakeholders. The forum accessed the 1999…
