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Time to close poverty gap in Africa with bold actions, says ECA’s Biha

The Economic Commission for Africa (ECA) Deputy Executive Secretary, Giovanie Biha, said Africa was running out of time to ensure the successful implementation of the sustainable development goals and called for bold actions by the continent’s leaders to ensure no one is left behind by development processes. In closing remarks to the fifth Africa Regional…

Ekiti gets World Bank support to revive farm settlements

…sends College of Technical Agric amendment bill to Assembly The Ekiti State government’s agriculture and rural development programme has received a major boost as the government has secured the World Bank’s support for the initiative. The State Governor, Dr Kayode Fayemi disclosed this on Sunday during at his Isan Ekiti country home. According to Dr…

Mega FAAC allocations: How FG, states, LGs shared N8tr in 2018

… FG Got N3.4tr, States/LGs N4.5tr  Richest: Delta N285tr, Lagos N260bn, Kano N188bn Poorest: Kwara N81bn, Ebonyi, Gombe N76bn each A new report by the Economic Confidential has disclosed that the Federal Government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8trillion from the Federation Account in 2018…

Dangote Refinery to save Nigeria from foul fuels from Europe

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Sulphur in petroleum fuels results in vehicle exhaust emissions that have negative impact on health and environment. Nigeria has…

Oil prices steady, move higher

Oil held steady at the close of the week, with a slowdown in U.S. shale and the looming deadline for a decision on Iran sanctions waivers putting a floor under oil prices. Schlumberger said its earnings were hit in the first quarter by the drilling slowdown in the Permian, while market conditions globally continue to…

Ghanaian President pledges sustained support for ECOWAS Parliament 

As ECOWAS Parliament intensifies efforts to rally support of Heads of Governments of member countries, Ghanaian President, Nana Akufo-Addo says his country will continually align with ECOWAS Parliament’s programmes and projects that are of immense benefit to the people of the sub region. Akufo-Addo made this commitment when he received in audience, the delegation of…

Ghana seeks ECOWAS’ support for bid to host AfCFTA secretariat

Ghana has solicited the support of the ECOWAS  in its bid to host the African Continental Free Trade Area (AfCFTA) Secretariat in its capital, Accra. This Ghanaian Minister of Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, made the request at the ongoing ECOWAS Parliament Delocalised Joint Committee Meeting in Accra, Ghana. According to her, Ghana…

Fashola receives FHA annual report

The Minister of Power Works and Housing, Babatunde Raji Fasola, SAN, received the first Annual Report from the current Board of Directors of the Federal Housing Authority (FHA) in Abuja. The Minister expressed delight to receive the Report from the Board within a year of its inauguration. This, he said, demonstrates a level of accountability…

CBN injects 254.8m, CNY 35.8m into Forex Retail SMIS

 Following the injection of $210 million into the wholesale segment of the Inter-Bank Foreign Exchange market on Tuesday, April 16, 2019, the Central Bank of Nigeria (CBN) has intervened in the retail Secondary Market Intervention Sales (SMIS) with the sum of $254.8million. The Bank also injected the sum of CNY 34.8million in the spot and…

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