Category: Money

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Former Nigerian President, Obasanjo, Sacks Workers, Refuses To Pay Salaries

Nigeria’s former President, Olusegun Obasanjo, has sacked staff of the Olusegun Obasanjo Presidential Library, Abeokuta, Ogun State, SaharaReporters has confirmed. In a letter by its Head of Human Resources, Administration and Procurement, Olanike Ogunleye, the management of the OPL said the organisation was overwhelmed by the adverse effects of the Coronavirus pandemic and had found it hard to sustain its workforce. The letter reads in … Continue reading Former Nigerian President, Obasanjo, Sacks Workers, Refuses To Pay Salaries

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ICPC Discloses Measures taken in Managing Covid-19 Funds

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has disclosed various measures being taken to ensure transparency, accountability, and rectitude in the management of the Federal Government’s Covid-19 management funds and palliatives. These were part of the highlights of a Zoom Webinar tagged: Covid-19 Funds Management and Monitoring: Preventing a Slide into Old Habits organised by the Commission and anchored by its Chairman, … Continue reading ICPC Discloses Measures taken in Managing Covid-19 Funds

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FG to pay unemployed youths N20,000 to maintain public infrastructure

As part of President Muhammadu Buhari’s agenda to reduce the unemployment rate in the country, the Minister of State for Labour and Employment, Mr. Festus Keyamo (SAN), said that the Federal Government has agreed to pay the sum of twenty thousand naira, (20,000), to unemployed youths, for three months, to maintain public and social infrastructures in the country. Disclosing this at a news conference, Keyamo … Continue reading FG to pay unemployed youths N20,000 to maintain public infrastructure

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Buhari attends UN high-level event on development financing amid COVID-19

President Muhammadu Buhari is currently participating in a virtual United Nations High-Level Event on Financing for Development in the Era of COVID-19 and Beyond. Buhari is participating at the invitation of the United Nations Secretary-General António Guterres. The High-Level Event is jointly hosted by Prime Minister Justin Trudeau of Canada and Prime Minister Andrew Holness of Jamaica. The event brings together world leaders and international … Continue reading Buhari attends UN high-level event on development financing amid COVID-19

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Buhari seeks fresh $5.5bn loan from NASS

President Muhammadu Buhari has written to the Senate, seeking its approval to borrow a fresh $5.5 billion from international development banks and other global financial institutions. According to a letter read on the floor of the Senate, the loan will be used to fund the deficits in the 2020 budget, occasioned by the outbreak of the deadly COVID-19. The President is also seeking international loans … Continue reading Buhari seeks fresh $5.5bn loan from NASS

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‘US has belittled AfDB’ — Obasanjo, Zainab Ahmed write board

Former President Olusegun Obasanjo and Zainab Ahmed, the minister of finance, budget, and national planning, have urged the board of the African Development Bank to ignore calls for an independent investigation of Akinwumi Adesina by the US. Adesina, who is the president of the AfDB, was accused of favouritism and has been absolved of the allegations by the bank’s ethics committee. In separate letters seen … Continue reading ‘US has belittled AfDB’ — Obasanjo, Zainab Ahmed write board

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Biggest Company In The World, APPLE, Announces DJ Cuppy As Their First Ever African Radio Host In Million- Dollar Deal

DJ Cuppy, the celebrity daughter of Nigerian billionaire, Femi Otedola, has landed a first-of-its-kind deal with Apple Music in a move that entertainment industry watchers have labeled “watershed”. Apple Music is launching its first radio show in Africa. The streaming platform announced today, Thursday, that “Africa Now Radio with Cuppy” will debut Sunday and will feature a mix of contemporary and traditional popular African sounds, … Continue reading Biggest Company In The World, APPLE, Announces DJ Cuppy As Their First Ever African Radio Host In Million- Dollar Deal

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Tambuwal lauds FG for establishing Police trust fund

Gov. Aminu Tambuwal of Sokoto State on Wednesday lauded the Federal Government for establishing the Police Trust Fund (PTF) to make the Nigeria Police more functional. Tambuwal, who spoke at the inauguration of the State Community Policing Advisory Committee (SCPAC) in Sokoto, expressed the hope that the fund would help in addressing most of the challenges facing the Police. The governor spoke glowingly of the … Continue reading Tambuwal lauds FG for establishing Police trust fund

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Buhari approves establishment, funding of 12 research centres

President Muhammadu Buhari has approved the establishment and funding of 12 Centres of Excellence in research. Centres of Excellence are World Bank-sponsored projects that were designed to empower universities in Africa to engage in meaningful research that would herald a socioeconomic transformation in Africa and beyond. A statement posted by the Tertiary Education Trust Fund (TETFund) on Twitter on Tuesday indicated that two research centres … Continue reading Buhari approves establishment, funding of 12 research centres

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World Bank provides $346m for operations in Lake Chad region

The World Bank (WB) has provided 346 million dollars to help strengthen resilience and livelihoods in the Lake Chad region. The approved two operations totaling in the International Development Association (IDA) financing in the region. The bank made this known in a statement on Wednesday, adding that the fund would be shared among Cameroon, Chad, Niger, and Nigeria. It explained that overall, the Lake Chad … Continue reading World Bank provides $346m for operations in Lake Chad region

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