500,000 Nigerians enrolled for N-power - FG The Federal governement has said a total of 500,000 Nigerians have so far benefitted from the N-power scheme, even as it confirmed that the portal for Batch C registration began last night at 11:45pm.   The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, which said this in a...... read more
See guideline for N-power registration to avoid mistake as portal opens tonight HOW TO AVOID MISTAKES DURING NPOWER REGISTRATION PROCESS If you really want to get the Npower job via the 2020 batch c recruitment,there are certain guideline and procedure you must follow.This June 26th, as Npower unveils its portal for this year batch C 2020 application,you must adhere to these instructions. Npower...... read more
IMF downgrades Nigeria's 2020 growth rate -5.4% The International Monetary Fund, IMF, has further downgraded Nigeria’s economic outlook for the rest of 2020 to -5.4 percent growth, worse than sub-Saharan Africa’s average of -3.2%. The Fund had projected a 2.5 % growth rate for Nigeria in 2020 at the beginning of the year but following the outbreak of...... read more
Fraudsters are on the increase, Bank warns customers Bank scams are increasing as more customers are adopting electronic means of payment since lockdown was introduced in the country to contain COVID-19 spread. The lending institutions have also been alerting their customers to ensure more caution in transactions and continue to utilise the e-payment channels available to them. First Bank...... read more
Crude oil brought a curse to Nigeria - Peter Obi Vice Presidential Candidate of the People’s Democratic Party in the last election, His Excellency Mr Peter Obi, has described as a curse, Nigeria’s total dependence on oil revenue which, he said, had stopped people from critical thinking and innovating new ways to diversify the economy and generate more revenue. Obi made...... read more
CBN gives 2-weeks ultimatum to banks on ATM, e-banking complaints The Central Bank of Nigeria has directed all banks to resolve all outstanding issues relating to failed Automated Teller Machine, Point of Sale terminal and other electronic banking transactions within two weeks, starting June 8, 2020. It also revised timelines for reversals and resolution of refund complaints on electronic channels. A...... read more
NNPC reduces petrol’s ex-depot price to N108 The Nigerian National Petroleum Corporation (NNPC) on Wednesday announced a reduction in the ex-depot price of petrol from N113.28 per litre to N108 per litre across all its products loading facilities. In a release on Wednesday in Abuja signed by NNPC’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru;...... read more
CBN, Bankers’ Committee Suspend Retrenchment Of Banks’ Staff The Central Bank of Nigeria (CBN) and the Bankers’ Com­mittee, the umbrella body of managing directors of banks and top officials of the CBN have told banks in the country to suspend any plan to lay-off staff at this moment. The CBN, in a statement on Sunday and signed by the...... read more
Abia, Kaduna and 22 other states get N43.4bn World Bank grant for transparency   The Federal Government on Wednesday said it had disbursed N43.41bn ($120.6m) to 24 states under the performance-based grant component of the World Bank-Assisted States Fiscal Transparency, Accountability and Sustainability Programme-for-Results. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said this in a statement issued on Wednesday. The...... read more
Nationwide blackout looms as grid system collapses Nigeria’s national grid system again recorded another major collapse, thereby throwing several parts of the country into total darkness. On January 16, 2020, the national electricity grid collapsed twice in less than two hours. The system, which collapsed around 12:37 on Thursday, resulting in power outage in parts of the country, went...... read more
CBN resumes dollar sales for SMEs, School fees In view of the gradual easing of the COVID-19 lockdown both globally and in Nigeria, the Central Bank of Nigeria (CBN) says it has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed...... read more
Ngozi Okonjo-Iweala, Arunma Oteh, 4 Others named members of Abia state Post COVID-19 Economic Advisory Committee The Governor of Abia State, Okezie Ikpeazu, PhD has approved the constitution of the Abia State Post COVID-19 Economic Advisory Committee. The Membership of the Committee is as follows- 1. Prof Anya O Anya - Chairman 2. Ms Arunma Oteh - Member 3. Dr Emeka Onwuka - Member 4. Dr Ngozi...... read more
Oil price crashes below $0 a barrel Oil price took a negative dive in the late hours of Monday April 20, as it plunged further to below $0 a barrel for the first time as the coronavirus pandemic lingers.    In a historic crash which came barely a month after experts warned oil prices could dip into negative territory,...... read more
Nigeria excluded from 25 nations granted debt relief by IMF The International Monetary Fund has granted debt relief to 25 countries, mostly African nations excluding Nigeria. A statement by the Managing Director of the IMF, Kristalina Georgieva, said it would provide $500m in grant-based debt service relief to these countries. “Today, I am pleased to say that our executive board approved...... read more
COVID-19: Farmers demand palliative on farm inputs, soft loans for 2020 farming season Farmers under the auspices of All Farmers Association Nigeria, AFAN, Sunday, demanded for palliative on farm inputs and soft loans for 2020 farming season. The demand was made by the Vice President, AFAN, Daniel Okafor, while speaking with Vanguard on a telephone chat, as there is urgent need for farmers to...... read more
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