Monday, June 14, 2021


Godwin Emefiele

After renovation, National Theatre will offer 16,000 jobs – GM

More than 16,000 jobs would be created during and after the ongoing renovation of the National Theatre, Iganmu, Lagos, Prof. Sunday Ododo, General Manager of the 44-year-old complex, said on Thursday in Lagos.

Workers vacate National Theatre complex for rehabilitation

Theatre workers and allied agencies operating inside the main bowl of the National Theatre in Lagos on Friday began to remove their properties, following the dateline given by the Federal Government.

N85bn credit support disbursed to health projects – CBN

The CBN says it has disbursed over N85 billion to no fewer than 80 projects, under its Healthcare Credit Support scheme, the bank’s Director of Development Finance, Yila Yusuf, has announced

E-transactions increased by 67% in Nigeria — Emefiele

The Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per cent, especially during the COVID-19 lockdown with increased transactions at agent networks.

COVID-19: CBN injects N3.5trn into Nigerian economy

The Central Bank of Nigeria, CBN, says it has so far made a total of N3.5trillion disbursements to cushion the effect of COVID-19 pandemic on the country’s economy.

P&ID: UK court orders return of $200m guarantee to Nigeria

The London Commercial court has ordered the release of the $200million guarantee Nigeria placed as security for the stay of execution of Messrs. Process and Industrial Development Limited, P&ID’s claims.

Nigerian researchers request N67bn to develop COVID-19 vaccine, others – CBN

The Central Bank of Nigeria, CBN, says it has received more than 20 applications requesting for N67 billion grants under its Healthcare Sector Research and Development Intervention Scheme, HSRDIS.

Gamji group commends Buhari for restoring Agric’s lost glory

A pro-Northern group, Gamji Members Association, has commended President Muhammadu Buhari for reclaiming the lost glory of agriculture in the country.

Despite COVID-19, Dangote cement retains 54,000 employees – Official

President of Dangote Group, Aliko Dangote, has said that despite the challenging economic situation in 2019, Dangote cement was able to sustain 54,000 jobs in four African countries, where the company has its operations.

Economic stimulus: Osinbajo’s committee receives 3 reports

The Economic Sustainability Committee, ESC, headed by Vice President Yemi Osinbajo says its three sub-committees have submitted their reports for review.

Mike Adenuga donates N1.5bn to fight COVID-19 in Nigeria

Mike Adenuga Foundation, MAF, established by billionaire, Dr Mike Adenuga Jr., on Monday donated N1.5 billion to Federal Government and Lagos State government to support Nigeria’s fight against the global Coronavirus pandemic, COVID-19.

COVID-19: CBN earmarks N1.1tn as intervention fund

The Central Bank of Nigeria, CBN, has announced that it will release the sum of N1.1tn as intervention fund to support critical sectors of the economy.

COVID-19: Global economy in bleak outlook — LCCI

The Lagos Chamber of Commerce and Industry, LCCI, says the outlook for global economy appeared bleak, going by the effects of the ongoing COVID-19 pandemic.

COVID-19: Investment in agriculture key — CBN

The Central Bank of Nigeria, CBN, says the impact of COVID-19 on economy is becoming severe, especially the declining global oil price and called for massive investment in agriculture.

Kingsley Obiora resumes office as new CBN deputy governor

Kingsley Obiora has formally assumed office as deputy governor of the Central Bank of Nigeria, replacing Dr Okwu Nnanna, who exited from the bank on February 2, 2020.

140,848 Nigerian tomato farmers to benefit from CBN’s Anchor Borrowers program

The Central Bank of Nigeria, CBN, has mobilised and validated 140,848 tomato farmers for the Anchor Borrowers Programme.

CBN vows to enroll 100m Nigerians on BVN

The Central Bank of Nigeria has said it will enrol over 100 million people on Bank Verification Number system over the next five years. 

Buhari seeks Senate’s confirmation of new FIRS chairman, members

The Senate on Tuesday received a formal request from President Muhammadu Buhari for the confirmation of Muhammad Mamman Nami as the Executive Chairman of the Federal Inland Revenue Service, FIRS.

Nigeria’s textile, garment industry can generate 3.5m jobs — Issa Aremu

Issa Aremu, the General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria says the textile and garment sub-sector can generate 3.5 million jobs if revived.

CBN retains interest rate at 13.5%

The Monetary Policy Committee, MPC, has retained the Monetary Policy Rate, MPR, at 13.5 per cent while other policy parameters remained constant.

Court okays SERAP’s bid to sue Buhari, Lawan, others over N241.2bn security vote spending

The Socio-Economic Rights and Accountability Project, SERAP, has disclosed that a Federal High Court sitting in Abuja granted her request to sue President Muhammadu Buhari, Senate President Ahmed Lawan, and Speaker Femi Gbajabiamila “over failure to disclose details of allocations, disbursement and spending of an estimated N241.2 billion yearly as security votes between 1999 and 2019.”

Border closure will tackle insecurity if sustained for 2 years – Emefiele

The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele says if border closure is sustained for the next two years, issue of insurgency, banditry and kidnapping will be totally eradicated.

Emefiele gives conditions for reopening Nigerian borders

The Governor of Central Bank of Nigeria, Godwin Emefiele, on Monday revealed conditions to be met before the country’s borders could be closed.

AfCTA: Nigeria can extend banking services across Africa — Osinbajo

Vice President Yemi Osinbajo has said that the signing of the African Continental Free Trade Agreement, AfCTA, offered Nigeria great opportunities to extend its banking and financial services across Africa.

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