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FG SENDS DIRECTORS TO FIRS, NNPC, NCC, CAC, SIX OTHERS OVER DECLINING REVENUE

Daily Dispatch September 23, 2020

The Federal Government, hit by double whammy of declining revenue and increasing debt, moved Tuesday to monitor revenue management in 10 of its most lucrative enterprises, by posting directors of revenue or professional treasury officers to them.The 10 government-owned enterprises (GOE)

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UN commends FG on improvement of humanitarian access in North-East

Daily Dispatch September 22, 2020

Amidst international concerns on the activities of terrorists and violent extreme groups in the North-East, the United Nations has commended the Federal Government’s efforts to improve humanitarian support in the region, saying the Buhari Administration “has taken important steps to improve access to people in need.” Lately, some international humanitarian Non-Governmental

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Alleged fraud: Atiku reacts amidst reports of US placing him, family under close surveillance

Daily Dispatch September 22, 2020

Former vice-president Atiku Abubakar has reacted to the trending FINCEN files that detailed how he came under the radar of international financial surveillance. FINCEN is the acronym for US Treasury Department’s Financial Crimes Enforcement Network. The FinCEN Files contained thousands of closely held US Treasury documents — among them, suspicious activity reports —

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Breaking: CBN reduces benchmark lending rate to 11.5%

Daily Dispatch September 22, 2020

The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja. The committee also voted to retain the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively. The Central Bank Governor, […]

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[Breaking] Fuel hike: No going back on strike, protest – NLC

Daily Dispatch September 22, 2020

The Nigeria Labour Congress has vowed to proceed with its planned strike and protest with effect from September 28 following the failure of the Federal Government to reverse the hike in electricity tariff and fuel price. Rising from its National Executive Council meeting in Abuja a few minutes ago, the NLC President, Ayuba Wabba, said […]

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Nigeria has to Take economic diversification more seriously – Sanusi

Daily Dispatch September 22, 2020

Former Central Bank Governor, Mohammed Sanusi (II), says Nigeria has to take economic diversification more seriously in order to experience growth and development. The former CBN governor who was the guest speaker on the second day of the Kaduna Investment Summit, explained that over-reliance on oil has left the country unproductive. Referencing Malaysia, Sanusi gave […]