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FG To Flag-Off Final Schemes Of MSMEs Survival Fund

As part of efforts of the present administration to fully rejuvenate the economy, the Federal Government is set to kick start the last two schemes of the MSMEs Survival Fund component of the National Economic Sustainability Plan (NESP). The schemes are namely, the Guaranteed Offtake Scheme (GOS) and the General MSMEs Grant. The Minister of […]

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Pension Assets Hit N12.1Trn In 2020, As FG Bonds Gulps N8.13Trn

The National Pension Commission (PENCOM) has put the total pension assets under the Contributory Pension Scheme (CPS) at N12.3 trillion as at the end of fiscal year 2020, representing about N2.1 trillion over the assets’ value as of the end 2019. Latest figures published by the commission indicated that out of the gross asset value […]

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ILO Advocates Better Conditions For Homeworkers As COVID-19 Cases Surge

The International Labour organization (ILO) on Wednesday canvassed the need for better working conditions for people working from home, saying that the COVID-19 pandemic has highlighted the poor working conditions experienced by many homeworkers who, prior to the crisis, numbered an estimated 260 million people worldwide In its latest report titled ‘Working from home. From […]

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FG Committed N1.80Trn To Capital Projects In 2020 Fiscal Year – Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said that the Federal Government spent a total of N1.80 trillion on capital projects in the 2020 fiscal year, The Minister, who made this disclosure on during the public presentation of the 2021 approved budget at the virtual presentation said the amount spent […]

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Osun Releases N200Mn To Offset Arrears Of Pensioners

Osun State Government has released the sum of N200 million to partly offset arrears of pensions owed to the retired workers in the state. The State Head of Service (HoS), Dr Festus Oyebade, gave this hint during the Year 2021 annual inter-religious prayer session held at the State Government Secretariat, Abere to usher in the […]

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Onyeali-Ikpe Takes Over As Fidelity Bank New MD

Mrs. Nneka Onyeali-Ikpe on Monday formally assumed office as the new Managing Director/CEO of Fidelity Bank Plc, making her the bank’s 4th Chief Executive and first female to occupy the position since the inception of the bank in 1988. Onyeali-Ikpe, whose tenure started from January 1, 2021, succeeds the erstwhile MD/CEO, Mr Nnamdi Okonkwo, who […]

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World Bank Commits $1.5Bn To Nigeria’s Poverty Alleviation Programmes

The World Bank Group on Tuesday announced the approval of a $1.5-billion package to help Nigeria build a resilient recovery post-COVID 19 pandemic, The approved fund was sequel to the ratification of a new five-year Country Partnership Framework (CPF) from 2021-2024 for the country. The Breton Woods institution noted that Nigeria remained now at a […]

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Reps Urge FG To Suspend 774,000 Special Works Programme

The House of Representatives on Tuesday urged the Federal Government to put on hold the planned take-off of the 774,000 special works programme scheduled to commence January 5, 2021. The lawmakers in the Green Chamber, therefore, asked the Ministry of Finance not to release the funds meant for the programme until some issues affecting the […]

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GDP Growth Desirable, But Nobody Eats GDP – Adesina

The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged African leaders to set economic policies that directly touch on the welfare of their citizens, saying though GDP growth is desirable but that ‘nobody eats GDP’ The development finance expert gave this charge on Tuesday in his opening remarks at the African Delivery […]