13% derivation :Itsekiri group urges Buhari to pay oil communities

13% derivation :Itsekiri group urges Buhari to pay oil communities

BY JIMITOTA ONOYUME WARRI: An Itsekiri group, Association for the Promotion of Peace and Development in Itsekiri Oil and Gas communities, APPDIOGCOM, have called on the federal.government to pay the 13 derivation fund accruing to the Niger Delta region directly to oil and gas bearing communities. A statement by the group signed by its Leader, […]
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Forum of retired Heads of Service, Permanent Secretaries donate N500,000 to Edo COVID-19 fund

Forum of retired Heads of Service, Permanent Secretaries donate N500,000 to Edo COVID-19 fund

Urges residents to complement govt’s efforts to check spread The Edo Forum of Retired Heads of Service and Permanent Secretaries has donated N500,000 to boost the Edo State Government’s response to check the spread of coronavirus disease (COVID-19) in the state. Chairman of the forum, Mallam Ikhelowa Atalasa Hanson, who made the presentation at Government […]

RESCUING THE ECONOMY FROM COVID-19: Updates on CBN’s monetary measures

RESCUING THE ECONOMY FROM COVID-19: Updates on CBN’s monetary measures

Nigeria’s economy in 2020 has been projected to decline by -8.91 percent in a worst case scenario and -4.4 percent in a best case scenario, following the ravaging impact of the Coronavirus (COVID-19) pandemic. On a quarter-on-quarter steady decline to year end the country would have slipped back into recession barely three years after the sustained recovery from the same situation.

Ex-Nigeria Airways workers seek payment of outstanding benefits

Ex-Nigeria Airways workers seek payment of outstanding benefits

FORMER workers and retirees of the defunct Nigeria Airways Limited, NAL,  have pleaded with the Federal Government to pay their outstanding entitlement to enable them cope with difficulties and consequences of the rampaging coronavirus, COVID-19, pandemic.

National home-grown feeding programme revisited

National home-grown feeding programme revisited

When Buhari announced on May 29, 2015, that his government would launch a Social Investment Programme, SIP, it was clear that this was expected to be his legacy programme. Solemn promises were made to Fellow Nigerians on that day. But, as Honore de Balzac, 1799-1850, has remarked,  “I am beginning to wonder, how many fools it takes to make the term “My Fellow Citizens”. Some of us who had lived through decades of fiction rendered as promises were sceptical. After all if a man fools you once, the shame is on him. If twice, you should be ashamed of yourself. I did not believe a word of what the President announced that day. Nevertheless, they ended up in the 2016 Budget presented to the National Assembly, NASS – which actually took Buhari seriously and substantially passed the budget after the usual favours-trading between the Presidency and NASS. Nigerians, invariably have been the losers at the end of the day.

2023: YIAGA, partners to host town-hall meeting on electoral reform June 30

2023: YIAGA, partners to host town-hall meeting on electoral reform June 30

By Gabriel Ewepu – Abuja Barely three years to 2023 general elections, YIAGA AFRICA and partners are set to host a Live TV and virtual citizens’ town hall on electoral reforms June 30. This was contained in a statement signed by the Executive Director, YIAGA Africa, Samson Itodo, which explained that meaningful electoral reform should […]

NDEP declares dividend  at 25th AGM

NDEP declares dividend at 25th AGM

Shareholders of Niger Delta Exploration & Production Plc (NDEP), at the 25th  Annual General Meeting (AGM) last week, unanimously approved a dividend of N17 per share, the Company’s highest in its 13th  year of consistent dividend payment.

Banks besiege CBN for loans as scarcity of funds intensifies

Banks besiege CBN for loans as scarcity of funds intensifies

The interbank money market has been gripped with intense scarcity of funds as amount of idle cash (liquidity) in the market fell by 95 percent, prompting banks to besiege    the Standing Lending Facility, SLF, of the Central Bank of Nigeria (CBN) for short term cash needs.