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Senate summons Amaechi over Port-Harcourt-Maiduguri rail line

The Senate on Wednesday resolved to summon the Minister of Transport, Mr Rotimi Amaechi, to explain the Federal Government’s plans for railway development in the country’s eastern axis. Amaechi is to appear before the Senate Committees on Land Transport, Local and Foreign Debts. No date was announced for the minister’s appearance in the resolution, which…

2019: Labour endorses Gov Sani-Bello

Gov. Abubakar Sani-Bello of Niger with members of state executive council and the leaderships of organised labour in Niger The organised labour in Niger on Wednesday endorsed the second term bid of Gov. Abubakar Sani-Bello of Niger at 2019 general elections. The decision was conveyed to the governor in Minna by the leadership of the…

CBN buoys Forex supply with $210m

The Central Bank of Nigeria (CBN) has again intervened in the interbank foreign exchange market by injecting the sum of $210million in the sales concluded on Wednesday, November 21, 2018. Figures obtained from the Bank indicated that it offered the sum of $100million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment…

12 Finalists Selected in UBA Foundation National Essay Competition 2018 amidst Increase in Entries

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the twelve finalists for the 2018 edition of its annual National Essay Competition. The 12 finalists will sit for the second round of the competition, where three winners will emerge after undergoing supervised essay writing on a different…

Rwanda’s Finance Minister calls on Africa to speedily ratify Continental Free Trade Agreement

The 22nd Meeting of the Intergovernmental Committee of Experts of the Sub-regional Office for Eastern Africa (ICE 2018) opened in Kigali Tuesday with Rwanda’s Finance and Economic Planning Minister, Uzziel Ndagijimana, urging African countries to speedily ratify the African Continental Free Trade Area (AfCFTA). Mr. Ndajimana said the AfCFTA was crucial to Africa’s inclusive growth…

FG, states shared N2.2tr in third quarter of 2018 -NEITI

Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of government has witnessed a steady increase in three consecutive quarters of this year with N2.28 trillion shared in Q3 of 2018. A breakdown shows that the Federal government received the highest sum of N904.8 billion, followed by states, which received N718.5…

ECA, partners to set continent-wide digital identities

The Economic Commission for Africa (ECA) and the Omidyar Network have announced a partnership to establish legal digital identities in Africa. The partnership will go towards ECA’s support to the African Union Commission Digital Identity Platform for Africa. The support by Omidyar Network will also be instrumental in the establishment of a Centre of Excellence…

Fayemi seeks review of revenue formula over N30,000 new minimum wage

Ekiti State Governor, Dr Kayode Fayemi, on Saturday said that the Federal Government needed to address the current revenue allocation formula, to enable state governments pay the new minimum wage being requested by workers. Fayemi spoke when he received the President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba, who paid him a courtesy…

CBN shifts MPC meeting

The Cntral Bank f Ngeria, CBN, has rescheduled the Monetary Policy Committe, MPC, meeting earlier slated for Monday and Tuesday, November 19 and20, 2018. A statement signed by the CBN Director of Corporate Communication, Mr Isaac Okorafor, in Abuja, said the meeting would now hold on Wednesday and Thursday, November 21 and 21, 2018. The…

ECA, AUC to host digital identification meeting in Addis Ababa

The Economic Commission for Africa (ECA) and the African Union Commission (AUC) will on Sunday convene a high-level meeting on the need for Africa to embark on a digital identification drive. The meeting will be held on the margins of the Extraordinary AU Summit to discuss opportunities, risks and lessons for Digital ID in the…

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