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Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19 pandemic on the economy will put more pressure on the naira. The Central Bank of Nigeria said this in its report on ‘Monetary, credit, foreign trade and exchange policy guidelines for fiscal years 2020/2021’. The […]

Irish billionaire Chuck Feeney, 89, is officially broke as he has given away $8 billion(N3tn) to charities, universities, and organisations worldwide via his foundation, the Atlantic Philanthropies, Forbes Magazine reports. The report stated that Feeney reached his billionaire status by co-founding airport retailer Duty Free Shoppers. The business man was popular for leading the way […]

Former President Olusegun Obasanjo has declared that Nigeria still has a long way to go as far as good leadership is concerned. Obasanjo, who stated that only Nigerians could fix the challenges confronting the country, equally said the country had failed to attain the position it ought to occupy. The former president spoke at the weekend […]

President Muhammadu Buhari has congratulated Godwin Obaseki on his re-election as governor of Edo State. He congratulated him on Sunday in a statement signed by Senior Special Assistant to the President on Media & Publicity, Garba Shehu, urging him to continue to show grace and humility in victory. The President also commended the election process […]

Governor Babajide Sanwo-Olu has made some clarifications regarding the resumption of schools in Lagos state. Sanwo-Olu, while speaking during a briefing on Saturday, said the clarifications became necessary due to the confusion generated since the original announcement was made. Please read the governor’s clarifications below: Dear Lagosians, It has become necessary to issue clarifications regarding […]

In its effort toward reopening schools, the federal government said it has given state governments the consent to decide resumption dates in their states. The Minister of State for Education, Chukwuemeka Nwajiuba, said this during the presidential briefing Thursday night. Mr Nwajiuba said it is important for all governors to adhere to the safety guidelines for […]

The Federal Government has barred Emirates Airlines from operating in Nigeria. According to the Minister of Aviation, Hadi Sirika, the ban will take effect from Monday, September 21, 2020. The tweet read: “The PTF sub-committee met today with EU Ambassadors to discuss Lufthansa, Air France/KLM ban. The meeting progressed well.  Emirates Airlines’ situation was reviewed […]

The ruling All Progressives Congress APC has asked Nigerians to endure the current hardship brought about by the recent hike in fuel pump price and electricity tariff, promising that the people would in the nearest future begin to reap the benefits of the deregulation policy. It also urged the organized labour not to be swayed […]

The Federal Government has directed all account holders in the country to obtain and fill self-certification forms in line with the Income Tax Regulations 2019. The directive contained in a series of tweets on Thursday stated that each account holder must submit the filled forms in their respective financial institutions. “This is to notify the […]

President Muhammadu Buhari on Tuesday said the Federal Government stopped food importation to boost agriculture and save Nigerians from joblessness. He stressed that practicing agriculture locally is vital in boosting productivity, reducing joblessness, and poverty in the country. “For us to bounce back to productivity, especially in agriculture, the unemployed with many of them uneducated […]

The US government has said that it is reevaluating its ban on some categories of Migrant Visas for Nigerians having been satisfied with the country’s level of compliance with information sharing and other concerns. Mustapha Sulaiman, Permanent Secretary, Ministry of Foreign Affairs, disclosed this while briefing journalists at the end of the inaugural meeting of […]

An official the Chinese Centre for Disease Control and Prevention, Guizhen Wu, has said the coronavirus vaccines being developed in China may be ready for use by the general public as early as November, 2020. According to france24.com, China has four COVID-19 vaccines in the final stage of clinical trials and at least three of those drugs […]

The naira continued its downward trend, as it exchanged for the dollars at N460 in the parallel market on Tuesday, despite the resumption of forex sales to the Bureau de Change Operators. The naira had earlier dropped from N480/$ following the Central Bank of Nigeria’s announcement to resume forex sales to the BDCs, and exchanged […]

Secretary to the Government of the Federation (SGF)/Chairman of the Presidential Task Force (PTF) on COVID-19 Mr. Boss Mustapha has claimed that Nigeria’s national response on COVID-19 is achieving impressive results. The PTF chairman, who stated this at the daily briefing of the task force on Monday in Abuja, said: “Nigeria continues to progressively witness […]