Bayelsa, Imo, Rivers, Zamfara lose out as FG disburses N123.348bn performance grants to states
…N233.264bn grants given out so far By Emma Ujah, Abuja Bureau Chief The Federal Government has disbursed the sum of N123.348 billion (USD324.6 million) to state governments in the second round of performance-based grants. The grants were given out under the States Fiscal Transparency Accountability and Sustainability, SFTAS, Programme. The Minister of Finance, Budget and […]
Trump condemns Capitol Hill attack
Outgoing U.S. President Donald Trump has “unequivocally condemned” the Jan. 6 breach of Congress by his supporters. “I want to be very clear: I unequivocally condemn the violence that we saw last week, Trump said in a video message posted by the White House on Twitter. The president noted that the “incursion of the U.S. […]
#EndSARS: Josepdam donate computers to NPA
By Godfrey Bivbere and Providence Adeyinka MARITIME Terminal operator, Josepdam Port Services Nigeria Limited, has donated an all-purpose personal computers to Nigerian Port Authority, NPA, as part of its support and expression of sympathy. Meanwhile, as the dust raised from #EndSARS protests gradually settles, more sympathisers are still besieging the Lagos headquarters of NPA to […]
LCCI calls for policy to encourage FX inflow
By Nkiruka Nnorom ECONOMY The Lagos Chamber of Commerce of Industry, LCCI, has lamented the continued liquidity crisis in the Foreign Exchange (forex) market and its impact on businesses, saying that it is worsening the rate of divestment in the country. Mr. Muda Yusuf, Director-General, LCCI, stated this yesterday at a webinar tagged: “The Naira […]
Currency outside banks rise 55% to N2.3trn in 5yrs
Currency outside the banking system rose sharply by 55 percent to N2.3 trillion in 2020 from N1.46 trillion in 2015, as Nigerians had to spend more on goods and services in response to sharp naira depreciation within the past five years.
US regulator asks Tesla to recall 158,000 cars over safety-related defect
US regulators asked Tesla Wednesday to recall 158,000 cars in the United States because of a safety-related defect. The National Highway Traffic Safety Administration said in a letter to Tesla that a problem with the cars’ display screen and related failures result in loss of rearview camera and other safety-related vehicle functions. The agency said […]
