• Reps grill FG officials over $125m World Bank loan

    Reps grill FG officials over $125m World Bank loan0

        The House of Representatives Committee on Public Accounts, on Thursday, grilled officials of the Federal Government over how a $125m loan obtained from the World Bank was spent.   The committee summoned signatories to the World Bank account belonging to the Office of the Accountant General of the Federation where the money was

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  • Food price hike, others push inflation to 14.23% —NBS

    Food price hike, others push inflation to 14.23% —NBS0

      The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October 2020. Figures released by the National Bureau of Statistics on Monday showed that the country’s inflation increased again in October, moving up by 0.52 per cent when compared

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  • CBN issues guidelines on private sector agric loan

    CBN issues guidelines on private sector agric loan0

    As banks guarantee 26,830 agric loans worth N3.6bn Godwin Emefiele, CBN Governor. By Elizabeth Adegbesan Banks have guaranteed 26,830 loans worth N3.6 billion to farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) in ten months (January to October) 2020. Meanwhile, the  Central Bank of Nigeria (CBN)  has just rolled out guidelines for private sector

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  • UK reopens visa application centres in Nigeria0

    The United Kingdom High Commission has announced the reopening of its visa application centres in Nigeria.   This is coming barely one week after it shut down its visa application centres in Victoria Island, Abuja and Lagos over the crisis arising from #EndSARS protests in the country.   The UK made this known in a

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  • Stock Market progresses with N67b gain

    Stock Market progresses with N67b gain0

    The bulls maintained their grip on the equity market on Wednesday following gains recorded majorly by blue-chip stocks as investors positioned to leverage undervalued stocks. The key market performance indicators, the Nigerian Stock Exchange All Share Index and market capitalisation, rose by 0.5 per cent as market sentiment extended gaining streak to fourth day following

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  • FG suffers N1tn revenue shortfall in five months

    FG suffers N1tn revenue shortfall in five months0

    FG suffers N1tn revenue shortfall in five months ‌ …projects N12.66tn expenditure The Federal Government on Monday released guidelines and instructions that must be followed by all its ministries, departments and agencies for the preparation of the 2021 budget proposal. In its 2021 Budget Call Circular from the country’s budget office sighted in Abuja, the

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