The Benue House of Assembly on Tuesday approved a request made by Governor Samuel Ortom to borrow N18.225 billion from the federal government. Ortom asked for approval to take the loan to cushion the effect of repayment of bailout funds collected in 2015 and 2016. He told the House in a letter read by the Speaker, Titus Uba, that the federal government had offered a bridging finance facility window for state governments to access such loans. He told the House also that the federal government provided funding windows (bailout) at the inception of his first term in 2015. The bailout,…
Author: Newsdesk
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also unanimously agreed to hold all other monetary policy parameters constant. The Asymmetric Corridor was thus retained at +100 and -700 basis points around the MPR, the Cash Reserved Ratio (CRR) at 27.5 per cent and the Liquidity Ratio at 30 per cent. Emefiele said the parameters were retained to sustain…
The Coalition of Northern Groups (CNG), has alleged that the recent calls and visit to President Muhammadu Buhari by Igbo leaders for the release of leader of the proscribed Indigenous People of Biafra, IPOB, Nnamdi Kanu is a sign that they have, all along, supported his actions. This is contained in a statement by its spokesperson, Abdul-Azeez Suleiman made available to ASHENEWS on Monday. According to the CNG, “The composition of the Igbo elders’ group has vindicated the position we have espoused since, 2017 that the diabolical scheme planned and exhibited in the criminal actions of Kanu and IPOB, is…
The Federal University of Technology Akure, FUTA, is set to award 160 students with first class degrees during the 23nd convocation ceremony, which will also coincide with the 40th anniversary of the institution. At a Press Conference to kick start the event on Friday, November 19, 2021, the Vice Chancellor, Professor Joseph Fuwape, represented by the Deputy Vice Chancellor, Development and Chairman, Ceremonials Committee, Professor Philip Oguntunde said the 160 represents 5% of the 3,205 graduands for the 2019/2020 academic session. According to him, 1,334 (41.6%) graduated in second class upper division; 1,483 (46.3%) in second class lower division; 222…
Cititrust Holdings Plc has bagged the African Financial Brand of the Year award at the prestigious BusinessDay’s Bank and other Financial Institutions Awards (BAFI). The Group Chief Executive of Cititrust, Mr Yemi Adefisan, disclosed this in a statement made available on Sunday in Lagos. Adefisan, while receiving the award on behalf of the company, expressed his delight at the recognition from BusinessDay. “This award marks another milestone for Cititrust Holdings and is a testament of the resilience and diligent execution of the firm’s strategic initiatives on customer service. “Being recognised as African Financial Brand of the Year complements our commitment…
Military airstrikes conducted by the Operation Hadarin Daji air component on Saturday, killed scores of bandits, PRNigeria has reported. The report says that the precision airstrikes, executed at Dangwandi and Tsakai areas of Isa local government area of Sokoto state, resulted in the elimination of key bandits’ leaders, and their foot soldiers. The sustained aerial bombardments in parts of Zamfara state also destroyed the logistics facilities and properties of the bandits. Local sources confirmed that bodies of neutralized bandits were seen all over the camps, just as the bandits’ means of economic sustenance were destroyed. According to the sources, fleeing…
The Sultan and President-General, Nigeria Supreme Council for Islamic Affairs (NSCIA), Sa’ad Abubakar has called on Nigerian women to return to their fundamental role of nation building to restore the nation’s dwindling family values. The Sultan, represented by the Paramount Ruler of Aiyede Kingdom in Ekiti state, AbdulMumini Orishagbemi made the call on the sideline of the Second International and 11th Biannual Conference. The conference was organised by The Criterion, an Association of Muslim Women in Business and the Professions, was held at the University of Ibadan Mosque Event Hall on Saturday. The Co-President of Council of the World Religions…
…Harmful environmental practices, human factors responsible for climate crises Experts have reiterated the need for concerted efforts in solving the climate crisis bedeviling the world through sustainable, resilient and inclusive infrastructure. This was the fulcrum of opinion at the West African Science Centre on Climate Change and Adapted Land Use (WASCAL) Forum Day with the theme: DRP WACS in perspective: Progress and Prospects in the development of Climate Change Science in West Africa. The event was held as part of the activities marking the Fortieth anniversary of the Federal University of Technology Akure, FUTA on Wednesday , November 17, 2021.…
By Justina Auta The Minister of Health, Dr Osagie Ehanire, says efforts are in place to scale up critical services, interventions to protect children from pneumonia and other childhood diseases. Ehanire disclosed this on Friday, while briefing the media in commemoration of the 2021 World Pneumonia Day in Abuja, with a theme, “Pneumonia and Environmental Pollution’’. According to him, report shows about 808,920 paediatric pneumonia associated deaths and more than 100 million childhood pneumonia globally, on annual basis majorly from low and middle-income countries. He added that three-quarters of global mortalities happen in 14 countries, including Nigeria, which has 162,000…
Nigerian government has trained over 10,000 women, including Persons with Disabilities (PWDs) on Information and Communication Technologies (ICT) to improve national productivity. Mr Morrison Udobong, ICT Director, National Centre for Women Development (NCWD), said this at the closing ceremony of a five-day entrepreneurial training for the blind, deaf and hard of hearing in Abuja on Friday. Udobong said the training was also a strategy to empower and end Gender Based Violence (GBV) in the country. He said although ICT was male dominated, there was the need to encourage more women, particularly girls to adopt Science, Technology Engineering and Mathematics subjects,…