Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Tuesday disclosed that the synchronized efforts by the monetary and fiscal authorities to mitigate the impact of the COVID-19 pandemic have led to the disbursement of ₦2. trillion as of January this year.
Emefiele made the disclosure at the end of the first Monetary Policy Committee meeting of this year.
He revealed that N192.64 billion has been disbursed to 426,016 beneficiaries of the COVID-19 Targeted Credit Facility (TCF) meant for household and small businesses.
‘We have also disbursed ₦106.96 billion to 27,956 beneficiaries under the Agri-Business Small and …
Shortly after Pfizer announced that it is developing a booster to help its COVID-19 vaccine to protect against new highly-infectious variants from Brazil and South Africa, Moderna Inc has said that it is advancing its own COVID-19 vaccine with a booster to combat the South African variant.
Lab tests done by both firms suggest each of their vaccines will likely work well enough against the variants from the UK (B117) and South Africa to be protective. But Moderna’s tests suggested the South African variant might make their shot less effective, or cut the amount of time for which the vaccine …
Buhari also approved the National Tractor Refurbishment and Recovery Programme, to cater for the repairs and repositioning of more than 55,000 tractors across the country,
He directed the NASENI to work towards bridging the gaps in research and technology that keeps Nigeria waiting on other countries for supplies and solutions,
No fewer than 70 lockup shops have been destroyed by an ugly fire outbreak that occurred in Alade Market in Somolu. This was according to the Director-General of the Lagos State Emergency Management Agency (LASEMA), Dr. Olufemi Oke-Osanyintolu.
He added that goods worth millions of Naira were also damaged by the inferno.
According to him, the Agency received distress calls on Tuesday at 1.05 a.m. concerning the fire outbreak in Alade Market.
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‘We commenced fire suppression activities immediately we arrived at Somolu market and investigation revealed that the fire was …
Former PSG coach, Thomas Tuchel has been appointed as the new Chelsea manager on an 18-month contract on Tuesday.
The German tactician is tasked with hauling the underperforming Blues back into the Champions League next season.
The 47-year-old German replaces the sacked Frank Lampard to become the 13th Chelsea boss since Russian oligarch Roman Abramovich bought the club in 2003.
‘I would like to thank Chelsea FC for their confidence in me and my staff,’ said Tuchel.
‘We all have the greatest respect for Frank Lampard’s work and the legacy …
Nigeria has emerged as the second preferred investment destination in Africa, only second to Egypt, after attracting $2.6 billion Foreign Direct Investment (FDI) in 2020, this is according to data obtained from the United Nations Conference on Trade and Development (UNCTAD).
UNCTAD, in its 11-page ‘Investment Trends Monitor,’ which focused on global FDI flows, however, stated that inflows to Nigeria in 2020 declined to $2.6 billion, lower than the $3.3 billion the country recorded in 2019.
Egypt was the top recipient of FDI, despite a significant decline in inflows (-39%), to an estimated $5.5 billion recorded …
Britain’s unemployment rate hit 5.0 percent at the end of 2020, the highest level for more than four-and-a-half years, as coronavirus lockdowns destroyed jobs, official data showed Tuesday.
The rate for the three months to the end of November compares with 4.9 percent in the quarter to October, the Office for National Statistics said in a statement.
At 5.0 percent, the figure is 1.2 percentage points above the same period a year earlier, to reach the highest level since April 2016, the ONS added.
…‘This crisis has gone on far longer than any of us hoped — and every job
Sunday Igboho has told Newsmen that he was not in a hurry to blame any individual or group for the arson that razed down his property in Ibadan on Tuesday morning.
Sunday Igboho, whose real name is Sunday Adeyemo, said he would allow authorities to conduct investigation into the incident, praising God that there were no injuries or fatalities.
‘I cannot blame anyone right now for the attack, not even Fulani people,’ he said by telephone hours after the attack.
‘We have to thank God that nobody was killed, it is more important.’
A property owned by Sunday Igboho was …
Mixed reactions have greeted the ₦500 million donation by Rivers State Governor Nyesom Wike to Sokoto State.
Wike donated the sum last week to assist the Governor Aminu Tambuwal government to rebuild a section of the burnt Sokoto Central Market.
While the Peoples Democratic Party (PDP) and some aides of the governor defended the gesture, an All Progressives Congress (APC) former spokesman in Rivers State, Chris Finebone, and an ex-agitator, Sobomoba Jackrich, described it as ‘selfish and politically-motivated.’
Jackrich, who is the Convener, Network for Defence of Democracy and Good Governance (NDDGG), said his group was worried about the way …
The governors of Ondo, Ekiti, Osun, Oyo, Kebbi, and Jigawa states on Monday met with the national leadership of Miyetti Allah Cattle Breeders Association at the International Culture and Events Centre in Akure, Ondo State capital.
The Nigerian Governors’ Forum Chairman and Ekiti State Governor, Kayode Fayemi, in his remarks, assured the herdsmen that they were not asked to leave Ondo State but to only get proper registration.
He added that the meeting was at the instance of the NGF and necessitated by the exigencies of the present challenges of insecurity in the country.
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