October 21, 2019

Zainab Ahmed: Why IMF Supports Nigeria’s Border Closure

Zainab Ahmed: Why IMF Supports Nigeria’s Border Closure

October 21, 2019 3:07 am

The Minister of Finance, Mrs. Zainab Ahmed, has stated that the International Monetary Fund (IMF) supported Nigeria’s closure of its land borders because it understood that the action was not punitive.

Addressing journalists in Washington yesterday, Ahmed explained that the measure was intended to restore Nigeria’s relationship with its neighbours, based on commitments made.

She said that President Muhammadu Buhari did not want to approve the closure because he was mindful of the adverse effect it would have on the economies of neighbours.

READ ALSO: American Weapons Ended Up In The Wrong Hands In Yemen.

According to her, there …

AfDB Advocates Unlocking Of $1.8tn AUM For Investment

AfDB Advocates Unlocking Of $1.8tn AUM For Investment

October 21, 2019 2:58 am

The President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has stressed the need to mobilise mutual funds and other Assets Under Management (AUM) in the continent put at $1.8 trillion, to drive Africa’s development.

He also said commercial banks who desire to get credit lines from the AfDB would have to increase lending to women-focused businesses, saying the bank was set to launch a rating for women-focused lending.

Adeshina said this in an interview on the sidelines of the just-concluded 2019 Annual Meetings of the World Bank and International Monetary Fund in Washington DC over the weekend.…

Senator Ngige Donates ₦1million To Onitsha Fire Victims

October 21, 2019 2:47 am
  • Assures them NEMA will come with relief materials

The Minister of Labour and Employment Senator Chris Ngige has issued a cheque of ₦1 million to the victims of Onitsha fire disaster at Ochanja market in Anambra State.

Ngige who was at Ochanja market to commiserate with the traders on the fire incident in the market last Wednesday described the fire as a disastrous and huge loss both humanly and materially.

He said that the money was his personal donation to enable the families of those who lost their lives to commence burials and to care for medical bills of …

WAIFEM, Others Oppose Governors' Push For FAC In Dollars

WAIFEM, Others Oppose Governors’ Push For FAC In Dollars

October 21, 2019 2:32 am

The West African Institute for Financial and Economic Management (WAIFEM) and some other industry stakeholders have kicked against the planned bid by the governors of the 36 states of the federation to demand that their shares and those of the local governments of monthly allocation from the Federation Account should be given to them in dollars.

Speaking in separate interviews with newsmen, they said the move by the state governors did not make any economic sense and would resort to volatility in the system.

Journalists last week reported exclusively that worried by the intractable problem of fuel subsidy, which had …

Police Rescue Abducted ACP, Arrest Two Suspects

Police Rescue Abducted ACP, Arrest Two Suspects

October 21, 2019 2:16 am
The Nigeria Police Force (NPF)  on Sunday’s night announced that it has rescued abducted an Assistant Commissioner of Police (ACP), Musa Rabo who was kidnapped over the weekend. 
According to the post on  Twitter handle of the force @Police NG at 11:05 pm on Sunday night, Rabo was rescued on unhurt.

The post read:” Musa Rabo abducted over the weekend was today 20th October 2019 rescued unhurt”. The officer was successfully rescued this evening by a combined team of Police operatives from Kaduna, Niger and Zone 7 Command Headquarters Abuja, backed-up by members of the elite Special Forces of the
…
Why Niger Delta Governors Instigated Our Probe, By NDDC

Why Niger Delta Governors Instigated Our Probe, By NDDC

October 21, 2019 2:05 am

• Accuses governors of plotting to takeover commission
• ‘Presidency must probe petroleum development fund’

The Niger Delta Development Commission (NDDC) yesterday accused governors of the Niger Delta region of plotting to hijack the commission.

It made the allegation following last week’s order by President Muhammadu Buhari calling for a forensic audit of the commission from 2001 to 2019.

“With the amount of money that the Federal Government has religiously allocated to the NDDC, we will like to see the results on the ground. Those that are responsible for that have to explain certain issues,” Buhari said on Thursday when …

Nigerian Border Closure Targeted At Poor Masses – Ohanaeze

Nigerian Border Closure Targeted At Poor Masses – Ohanaeze

October 21, 2019 1:54 am

The Ohanaeze Ndigbo has taken a swipe at the recent closure of the nation’s land borders by the Federal Government.

This is as Igbo traders under the auspices of southeast Amalgamated Market Traders Association (SEAMATA) said the continued closure has crippled their trading activities.

Enugu State chapter of the Ohanaeze said the border closure has inflicted more pains and hardships on the poor.

President of Ohanaeze Enugu State, Alex Ogbonnia, at a briefing after a meeting at the weekend, said it was an act of hypocrisy to shut borders to rice importation, while foreign exotic cars were given the …

Nigeria Pledges $12M To Global Fund On Malaria, TB, Others

Nigeria Pledges $12M To Global Fund On Malaria, TB, Others

October 21, 2019 1:46 am

Federal Government has pledged $12 million to Global Fund to strengthen the fight against malaria, tuberculosis, HIV/AIDS, and other communicable diseases.

Spokesperson, National Agency for the Control of Aids (NACA), Toyin Aderibigbe, in statement, yesterday, said the pledge was made at the sixth replenishment conference of the Global Fund to fight AIDS, Tuberculosis and Malaria (Global Fund), held in Lyon, France.

She said that, in total, $14.02 billion was realised from 23 implementing countries for use in next three years, to save 16 million lives by 2030 through health system strengthening, health security reinforcement via disease surveillance and tackling health …

Confusion, Anger As Telcoms Charge ₦4 For USSD Services

Confusion, Anger As Telcoms Charge ₦4 For USSD Services

October 21, 2019 1:29 am

•Banks to still retain N50/USSD transactions
•Ministry claims ignorance, suspends plan
•’Why subscribers suffer early data depletion, rise in usage’

Beginning from today, Nigerians who use financial institutions’ unstructured supplementary service data (USSD) platforms to transfer money from one point to another are expected to incur additional charges for such services.

The USSD services include the GTB’s *737#; First Bank’s *894#; Fidelity Bank’s *770#; Access Bank’s *901#; and UBA’s *919# that run on telecoms’ operator’s platforms. While there is an initial charge of ₦50 by the bank, which will be retained, customers who use the USSD will be made to …

Battle For Implementation Of Minimum Wage Moves To States

Battle For Implementation Of Minimum Wage Moves To States

October 21, 2019 1:14 am
  • Governors non-committal on commencement date
  • Await FG’s circular on agreement with labour

Fresh from the conclusion of minimum wage consequential adjustment negotiations with the federal government, the organised labour has begun warming up for a fresh battle with state governors over when they would begin to pay minimum wage to their workers.

While some labour leaders are optimistic that their governors would pay the minimum wage, others are not sure on the amount to be paid and when the payment would take off.

Although the organised labour and the federal government had earlier reached an agreement on October 31 as …

Bush, Mandela, Mbeki Others Foiled Obasanjo’s Plans - Kalu

Bush, Mandela, Mbeki Others Foiled Obasanjo’s Plans – Kalu

October 21, 2019 12:51 am

Further revelations on the failed third term bid of former President Olusegun Obasanjo have been made known, as Senate Chief Whip, former governor of Abia State, Dr. Orji Uzor Kalu, disclosed how he got world leaders like former President George W. Bush and the late President Nelson Mandela to join forces against Obasanjo’s ill-fated ambition.

He also said, contrary to Obasanjo’s repeated denials that he never haboured such plans, former South African President, Thabo Mbeki, told him (Kalu) that Obasanjo discussed the issue with him on the sidelines of a United Nations meeting.

Kalu served as governor of Abia State …

TRENDING

Breaking

𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

follow on social media

Facebook Twitter Youtube Telegram Linkedin

subscribe to newsletter

© 2018 - 2020 Africa digital news, New York
Powered by

People and Polity