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The Minister of Finance, Wale Edun, has disclosed that the Federal Executive Council approved a fresh $2.2 billion borrowing plan for Nigeria to enable the country’s access to the international capital market for a combination of the Euro bond and SUKUK financing. Edun disclosed this on Thursday, while briefing journalists at the Presidential Villa, where be explained that the fresh borrowing plan is made up of $1.7 billion and SUKUK […]
The alliance of Sri Lanka's new leader is headed for victory in the country's snap parliamentary elections. President Anura Dissanayake's National People's Power (NPP) coalition has so far won 97 seats and more than 60% of the vote from Thursday’s poll and needs 113 seats in the 225-member house to secure a majority. Dissanayake, who was elected in September, needs a clear majority to deliver his promise to combat corruption […]
The Minister of Solid Minerals Development, Dele Alake, has disclosed that the Federal Government has arrested a total of 300 illegal miners across the country in a move to revitalise Nigeria’s mining sector. Alake made this known during a strategic briefing of the House Committee on Solid Minerals’ Oversight visit at the Ministry’s Headquarters on Thursday in Abuja. The minister credited the progress to the proactive support of President Bola […]
Wives of Nigeria Governors Forum have resolved to keep up the fight against sexual and gender-based violence in their various states. This was contained in a communiqué issued after a closed-door meeting at the Centenary City, New Government House, Abakaliki, on Thursday, which was read by their Chairperson and First Lady of Kwara State, Olufolake Abdulrazaq, and made available to newsmen. According to the communiqué, the First Ladies collectively endorsed […]
The naira returned to depreciation against the dollar at the foreign exchange market barely 24 hours after respite. Obtained data showed that the naira depreciated to N1,650.20 per dollar on Thursday from N1,645.45 exchanged on Wednesday. On the black market, the naira traded between N1,738 and N1,745 to the dollar on Thursday. This comes as FX transaction turnover dropped to $214.73 million on Thursday from $236.84 million recorded the previous […]
Medical experts have decried the skyrocketing cost and unavailability of diabetes medications in the country. This was even as they said the number of diabetic patients has increased to about 14 million. Meanwhile, the World Health Organisation Regional Director for Africa, Matshidiso Moeti, on Thursday, warned that the number of people living with diabetes in the African region is projected to rise to 54 million by 2045. This marks the […]
Anambra State Governor, Chukwuma Soludo, has indicated that his administration’s mission is to turn the state from a departure lounge into an investment destination hub, through strategic partnerships with critical stakeholders. Soludo also stated that Anambra is more than ready for investment, insisting that the fundamentals are very strong for the state to achieve it. The governor stated this at the Anambra Investment Summit 2024 held at the International Convention […]
The International Organisation for Migration is releasing an additional $668,000 through the Rapid Response Fund, to support emergency humanitarian relief for flood-affected communities. The IOM disclosed this in a press statement on Thursday. The statement noted that the new funding package would support localised humanitarian operations by IOM’s partners Relief Rescue Initiative, Safer World Foundation and Community Engagement and Social Development Initiative in Jigawa, Katsina and Bauchi states where tens […]
The Federal Government said it will increase agricultural inputs and other supports to farmers to boost natural food production. Minister of Agriculture and food Security Abubakar Kyari stated on Thursday that the reason is to discourage excessive use of chemicals in farming system. Kyari disclosed that government is prioritising the development and application of organic fertilizer in large scale and smallholder farming. The minister spoke in Calabar, Cross River State, […]
