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Debt Reduction The Best Way To End “Poverty Trap” For Some Countries – World Bank President
The Group of 20 major economies should extend a freeze on official bilateral debt payments by the world’s poorest countries through 2021, and permanently reduce the debt load of some of the most heavily indebted ones, World Bank President…
Reps Approves Buhari’s $22.79bn Foreign Loan Request
The House of Representatives on Tuesday, approved President Muhammadu Buhari’s request to borrow foreign loans to the sum of $22.79bn for the Federal Government.
While presiding during the plenary, Gbajabiamila stated that the suspension…
Nigeria Economy On The Verge Of Recession…..Finance Minister
The Minister of Finance , Budget and National Planning, Mrs Zainab Ahmed, said the fall in crude oil price in the international market has worsened the economic situation of the country.
Ahmed, on Thursday, said the coronavirus pandemic…
COVID19: Lagos Reduces Year 2020 Budget Figures by 21 Percent
The Lagos State Government has embarked on a downward review of the year 2020 budget, precipitated by the negative economic and social effects of the Coronavirus disease on the global economy.
Making the disclosure, the Honourable…
Farmers Lament Unavailability Of Proper Machines For Stony Rice
The Nigeria Farmers Group and Cooperative Society (NFGCS), has explained that the reason rice produced by Nigerian farmers is full of stones was the unavailability of proper de-stoning machines.
National Coordinator, Mr. Tedheke Retson,…
Senate Confirms Kingsley Obiora As Deputy Governor Of CBN
The senate on Thursday, confirmed the appointment of Kingsley Obiora as deputy governor of the Central Bank of Nigeria (CBN).
Obiora was confirmed after Uba Sani, chairman of the senate committee on banking, presented a report for…
ECOWAS: Anglophone Nations Condemn Eco Currency Deal
English-speaking nations also known as anglophone countries of the Economic Community of West African States (ECOWAS) have rejected the' Eco ' currency deal adopted by eight francophone countries.
The eight countries namely Benin,…
Tax: FG To Exempt Firms Earning Below N25m
The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax, the Federal Government has said.
Currently, all companies are expected to pay to the…
JUST IN: New Electricity Tariff To Commence In April—DISCO
The electricity distribution companies (DisCos) on Monday says plans are afoot to begin the implementation of a new tariff from April 2020.
The regulator said it does not envisage an immediate increase in end-user tariffs until April 1…
TIN for Bank Account activation won’t kick off in January – FG
Zainab Ahmed, the minister of finance, budget and national planning, on Thursday doused growing anxieties over the provision in the newly passed Finance Bill 2019 requiring banks to demand from customers Tax Identification Number (TIN)…