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Monday, August 10, 2020

FEC approves N75bn Nigerian Youth Investment Fund

By Ismaila Chafe Abuja, July 22, 2020 The Federal Executive Council (FEC) on Wednesday in Abuja approved the establishment of a N75billion Nigerian Youth Investment Fund (NYIF) to support enterprise among Nigeria’s 68 million youth between 18 and 35. The Minister of Youth and Sports Development,...

Norway contributes N420m to Nigeria One UN COVID-19 response

By Cecilia Ologunagba Abuja, July 22, 2020 The Government of Norway is the latest contributor to the One United Nations COVID-19 response with a donation of 9.9 million Norwegian Kroner (420 million Naira) in support of the Nigerian Government. The UN made this known...

Stamp Duty: Landlords, property agents to collect, remit 6% on tenancy, lease agreement

By Mustapha Sumaila Abuja, July 22, 2020 The Federal Inland Revenue Service (FIRS) has asked landlords and property agents to charge six per cent Stamp Duty on all tenancy and lease agreements they enter into with all leasees and remit same promptly to the Service. Mr...

Senate seeks share purchase review of power agreement with Azura Power Plant

By Naomi Sharang Abuja, July 22, 2020 The Senate on Wednesday, called for a review of the Share Purchase Agreement (SPA) between the Federal Government and Azura Power Plant, saying the agreement was a drain on the nation’s resources. The upper chamber passed the resolution as...

Road construction: Oyo govt approves issuance of N100bn private bond

By David Adeoye Ibadan, July 22, 2020 The Oyo State Executive Council has approved the issuance of a N100 billion private bond tagged “Oyo Prosperity Bond” to facilitate the execution of priority projects that will further drive economic development. In a statement issued in Ibadan...

Business reforms opportunity to boost local, foreign investments –Osinbajo

By Chijioke Okoronkwo Abuja, July 22, 2020 Vice President Yemi Osinbajo has said that the Federal Government’s business reforms, through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to boost local and foreign investments in the country. Osinbajo’s spokesman, Laolu Akande, in a...

BEDC explains why Ondo South remains in blackout for 10 years

By Segun Giwa Akure, July 22,2020 The Benin Electricity Distribution Company (BEDC) has said that the acute power supply limitation and the inability to connect more communities in Ondo South to the national grid was due to a damaged breaker at the Ondo 132/33KV...

Sokoto Govt. partners Qatar Charity firms to construct 150 houses for IDPs

By Habibu Harisu Rabah (Sokoto State), July 21, 2020 Sokoto State Government is partnering Qatar Charity and Future Leaders Foundation, to construct 150 houses for Internally Displaced Persons (IDPs) in the state, Gov. Aminu Tambuwal, has said. Tambuwal said on Tuesday during the foundation laying ceremony...

Global Fund: Nigeria receives $890m to tackle HIV/AIDS, TB, Malaria

By Cecilia Ologunagba Abuja, July 21, 2020 Nigeria has received $890 million grant from Global Fund to reduce the burden of HIV, Tuberculosis and Malaria over an implementation period of three years, beginning from 2021 to 2023. Dr Osagie Ehanire, Minister of Health, announced the...

200 women entrepreneurs get funds to boost businesses in Kano

By Abbas Bamalli Wudil (Kano State), July 21, 2020 The National Directorate of Employment (NDE), on Tuesday, empowered 200 women in Wudil and Garko Local Government Areas of Kano State. The programme, facilitated by member, House of Representatives, representing Wudil/Garko Constituency, Mohammad Ali, saw the...
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