Posts in category

Economy/Business


How Akinwumi Adesina got re-elected as AfDB’s President

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Oyo Govt Presents N1.3 Billion Gratuity Cheque To 573 Pensioners

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BREAKING: Makinde Approves Screening Of Oyo State Pensioners In Diaspora Through Video Calls

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As World Bank predicts Nigeria’s impending recession will be worst in 40 years   WATCH (video): HOW TO SURVIVE RECESSION |12 Realistic Ways To Thrive & Survive Economic Downturn. | watch this video: Share and subscribe for more….. https://youtu.be/m_yZH2DoaD0 A new world bank report  has painted a very grim picture of the economy today and …

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Nigeria’s  Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB), for another five-year term. The re-election took place electronically during AfDBs’ 2020 Annual Meeting. It was reported Mr. Adesina  disclosed his intentions to run as the multilateral bank’s President for a second time yesterday. Mr. Adesina stressed the need for unity …

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Pensioners in Oyo State have been presented gratuity cheques amounting to N1.3billion, on Monday. The beneficiaries, that include 449 pensioners living and next-of-kins of 124 dead pensioners, are drawn from those primary school teachers that retired in 2011 and 2012 and from those local government workers that exited service in 2014 making a total of …

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  The Oyo state government has approved screening of Oyo state pensioners in diaspora through virtual calls otherwise known as video calls. Sunrisebulletin.com reports. The Honourable commissioner for Information, Culture and Tourism, Dr Wasiu Olatunbosun, made this disclosure on Tuesday while speaking with governor’s office correspondents shortly after arising from the 21st state executive council …

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The Association of Online Media Practitioners of Nigeria (AMPON) has discontinued its banking relationship with a popular commercial bank in the country, First Bank of Nigeria Limited. This decision, according to a prominent member of the association, was not unconnected with the poor network being experienced lately by the numerous customers of the bank, especially …

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The Nigerian government, on Thursday, extended the second phase of the COVID-19 eased lockdown by another four weeks. This extension is the third for the second phase of lockdown currently observed across Nigeria. The extension was disclosed by Boss Mustapha, the Secretary to the Government of the Federation, SGF, during the daily briefing of the …

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On August 1, a new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate improved credit repayment culture in the country; reduce non-performing loans (NPLs), and promote watch-listing of chronic loan defaulters in …

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The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion invest and close shop? It doesn’t sound right. “We …

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Bond to Take Care of Construction and Upgrade of Hospitals, Ibadan Dry Port and Rail Corridor Development  – Commissioner The Oyo State Executive Council on Tuesday 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 the State. …

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U.S. payrolls grew by 4.8 million in June, the Labor Department said Thursday, New York Times reports.   It was the second month of gains after a loss of more than 20 million in April, when the pandemic put a large swath of economic activity on ice. The unemployment rate fell to 11.1 percent, down from …

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What started like a peaceful committee meeting between the Minister of State for Labour and Employment, Festus Keyamo, and the Joint Committee of the National Assembly on Employment and Labour on Tuesday ended in chaos as both parties began exchanging words. The meeting was aimed at discussing the progress of the planned employment of 774,000 Nigerians …

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“You want to hear the truth? If it were within my powers this is the time to lockdown..”

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Oyo State government has signed a memorandum of understanding (MoU) with four private investors in Nigeria, towards the development of real estate in the State through concessional agreement. The MoU signing which was done on Tuesday at Ibadan by the Director-General, Oyo State Investment and Public Private Partnership Agency, Hon Segun Ogunwuyi and four investors …

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NATIONAL BROADCAST BY PRESIDENT MUHAMMADU BUHARI ON DEMOCRACY DAY, JUNE 12TH 2020 Fellow Nigerians, 1. The 2020 celebration of Democracy Day marks 21 years of uninterrupted civil administration in our dear country. This day provides us an opportunity to reflect on our journey as a nation, our achievements and struggles. 2. It is a day …

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In a woeful attempt to tarnish the reputation of the small-island nation of Dominica, images of a Dominican passport belonging to alleged fraudster, Brenda Smith, have been used exploitatively in an article by “the Inquirer” to report her recent grand jury charge. Smith, a national of the United States, was arrested in August 2019 and subsequently charged …

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