Truth Is Treasure
By Tony Obiechina, AbujaThe Development Committee of the World Bank Group (WBG) and International Monetary Fund (IMF) for Annual Meetings 2020 has called on the multilateral organisations to support and accelerate a resilient recovery centered on jobs and economic transformation. In a communique released on Friday at the end of its
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By Tony Obiechina, Abuja The Federal Government has called for synergy between West African leaders in monitoring and halting illegal trans-border trade of solid minerals within the West African Sub-region. The Minister of State, Mines and Steel Development, Dr Uchechukwu Sampson Ogah made the call on Thursday when he spoke at the
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From Joy Okeke, Lagos The rising cost of food in the country has pushed the inflation rate, a two years high of 13.7 per cent as prices of food rose by 16.67% for the 13th consecutive months. The National Bureau of Statistics (NBS) said this in its September report, released on Thursday,
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The Central Bank of Nigeria (CBN) disclosed that over N120 billion has been invested on the cotton value chain and projected over 300, 000 metric tonnes of seed by end of this year.Deputy Governor, Corporate Services of CBN, Edward Adamu, said yesterday at the Cotton, Textile and Garments (CTG) stakeholders
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By Tony Obiechina, Abuja The Federation Accounts Allocation Committee (FAAC) has shared a total of N639.901 billion for September 2020 revenue accrued to the Federal, States and Local Government Councils and agencies. This was announced after the physical meeting of the Federation Account Allocation Committee (FAAC) chaired by the Permanent Secretary, Federal
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The World Bank and International Monetary Fund (IMF), have proposed to undertake a joint action plan on debt reduction for the most indebted International Development Association (IDA) countries. Mr David Malpass, the President, the World Bank Group, said this on Wednesday during a virtual meeting with the G20 Finance Ministers and Central
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The House of Representatives has openned debate on the 2021 Appropriation bill of N13.8 trillion with the view to passing it for second reading. The News Agency of Nigeria (NAN) recalls that President Muhammadu Buhari had on Thursday, Oct. 8, laid the bill before the house for consideration. Leading the debate, the
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By Tony Obiechina, Abuja The Federal Government said yesterday that the nation would not be interested in relief from its N31trillion debts being canvassed for low income countries by International Monetary Fund (IMF). Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said at the public presentation of the 2021
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By Orkula Shaagee, Abuja The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has received the support of the President of the Inter-Parliamentary Union (IPU) on the drive for debt cancellation for African countries as advocated for by the new body, the Conference of Speakers and Heads of African Parliaments
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From Titus Eze, Port Harcourt The Nigeria Customs Service, Area ll Command, Onne Port, Rivers State, has generated a total of N13, 106,025,050.24 for the month of September 2020, becoming the first of its kind in the Service. The above generated revenue is in the first month scorecard of the Customs Area
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