#EndSARS Protest: Lagos orders indefinite closure of all schools

The Lagos State Government has ordered the closure of all public and private schools in the state, following the tension generated by the #EndSARS protests. This directive was issued by Folasade Adefisayo, the Lagos State Commissioner for Education, on behalf of the government. She said the step was imperative as part of the measures aimed at ensuring the safety of the pupils/students, parents, and all staff working in schools at this critical period. Part of the statement from the commissioner reads, “The Lagos State Government has directed all pupils/students in…

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Heritage Bank begins fresh exercise for SPW’s 774,000 participants

Heritage Bank Standard

Heritage Bank Plc is set to commence the account opening with Bank Verification Numbers (BVN) for the earmarked 774,000 participants of the Special Public Work (SPW) programme in their branches, throughout the 774 Local Government Areas. The participants are to be paid an allowance of N20, 000 only, monthly and the programme is to kick off from November 1, 2020, while a total of 129 LGAs have been assigned to Heritage Bank Plc. The SPW is a post-COVID-19 poverty alleviation initiative, approved by President Muhammadu Buhari and the Federal Ministry…

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Lagos on course to deploy 6,000km of fibre, 2000 CCTV by 2022 – Sanwo-Olu

In an attempt to deepen broadband penetration in the Nigeria’s economic capital, Lagos State, Mr Babajide Sanwo-Olu, governor of the state has assured that the state government is committed to deploying 6,000 kilometres of fibre optic cable across the state by 2022. The governor stated this on Thursday in his Goodwill message at National Dialogue on ICT and Telecommunication organised in Abuja by the Association of Telecommunications Companies of Nigeria (ATCON). He added that the government is also working to deploy minimum of 2,000 closed circuit television (CCTV) cameras across…

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Buhari to Iweala: We’ll push until you clinch WTO job

Buhari to Iweala: We’ll push until you clinch WTO job

President Muhammadu Buhari, on Monday assured former Minister of Finance and Economy, Ngozi Okonjo-Iweala, that he would do all within his power to ensure that she became the Director-General of World Trade Organisation (WTO). According to a statement by his senior special assistant on media and publicity, Garba Shehu, the President made the promise while receiving Okonjo-Iweala at the Presidential Villa, Abuja. The statement was titled “We’ll push, push until you win, President Buhari assures Okonjo-Iweala.” The former minister and South Korea’s Yoo Myung-Hee are the two remaining candidates contesting…

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BREAKING: Buhari bows to pressure, disbands SARS nationwide

The Inspector-General of Police, Mohammed Adamu, has announced the disbandment of the Special Anti-Robbery Squad (SARS) of the Nigeria Police Force (NPF). Adamu announced this in a live broadcast on Sunday. The announcement came after days of online and offline protests against the brutality and extra-judicial killings by SARS operatives nationwide. The SARS, a police unit, has been accused of extortion, intimidation, harassment and murder of many young Nigerians.   Details later….

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Don’t miss a thing! Here’s President Buhari’s complete 2021 budget presentation speech

Nigeria commences fiscal journey to 2021 as lawmakers get N13.08trn budge draft

2021 Budget Speech: Budget of Economic Recovery and Resilience Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic Of Nigeria At The Joint Session Of The National Assembly, Abuja Thursday, 8th October 2020. Protocols It is with pleasure that I present the 2021 Federal Budget Proposals to this Joint Session of the National Assembly. Distinguished and Honourable Leaders, and Members of the National Assembly, at this juncture, I wish to commend your tremendous efforts in approving the revision of the 2020 – 2022 Medium-Term Expenditure Framework and Fiscal Strategy…

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Time to CAP Incessant Gas Explosion in Lagos

By Elvis Eromosele Lagosians woke up to the news of another gas plant explosion, this time is Baruwa, a suburb in a densely populated neighbourhood in Alimosho area of the state. So far eight persons have been confirmed dead with tens of others injured. Reports already indicate that at least 89 shops, 47 buildings including a primary school and church as well as 23 electric poles, two transformers, gas tankers, one tricycle and a motorcycle were ravaged in the explosion. It is disheartening. Every sort of reason has been advanced…

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One more hurdle between Nigeria’s Okonjo-Iweala and WTO DG seat

As the race to the office of Director General of the World Trade Organisation (WTO) moves towards its conclusion, the WTO has officially announced two finalists for the position. The two last contenders are Nigeria’s candidate, Dr Ngozi Okonjo-Iweala, and South Korea’s candidate, Yoo Myung-hee. This means there is only one hurdle left to be crossed by either Dr. Okonjo-Iweala or her counterpart to clinch the position. Keith Rockwell, WTO spokesman, disclosed this to reporters at the WTO headquarters in Geneva after the results were announced to member states at…

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$3bn COVID-19 bond earns AfDB global recognition

adesina, AfDB

The African Development Bank (AfDB) has been selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27, 2020. The winners of the GlobalCapital Bond Awards 2020 were announced on 30 September at a ceremony held virtually for the first time in 12 years. GlobalCapital is a leading source of information on global capital markets with coverage of all market segments. “We are grateful for the market’s recognition of the…

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Nigerian economy unstable, directionless under Buhari, says economic society

Nigerian economy unstable, directionless under Buhari, says economic society

Nigeria’s debt fast becoming unsustainable, may reach N34tn, LCCI warns Economic advisory council parades the best 11 economists – Presidency _____________________________________ The Nigerian Economic Society on Tuesday berated the regime of the President, Major General Muhammadu Buhari (retd.), over its handling of the economy, which it said was directionless and unstable. The President of the NES, Prof Sarah Anyanwu, who stated this when she led members of the society on a visit to the Senate Minority Caucus, lamented that Buhari’s regime excluded economists from its economic management team. According to…

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