By Tony Obiechina, Abuja To cushion the effect of the Coronavirus pandemic on the the economy, the Federal government plans to borrow the N850 billion External Borrowing approved in the 2020 Appropriation Act to Finance the Budget deficit. The Debt Management office (DMO) said in a statement on Tuesday, that this followed the conversion of the N850 billion new external borrowing in the 2020 Appropriation Act to Domestic Borrowings.According to the statement, the Appropriation Act, comprising N794.99 billion Domestic Borrowing and N850 billion, approved a total of N1,594.99 billion as New Borrowing to part-finance the Deficit in the Budget. The statement…
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All stations under the brand name of NNPC Retail Limited operate under very high safety standards as endorsed by the Federal Fire Service and the Department of Petroleum Resources, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, has stated in a release in Abuja today.He quoted the Managing Director of the NNPC Retail Limited, a Subsidiary of the corporation, Sir Billy Okoye, as saying that, as a policy, the Management of the company ensures that all stations under her watch maintain required safety standard in order to curtail incidences of fire outbreaks as well as other health…
Chairman and managing director of Lee Engineering Group and Allied Companies Limited Chief (Dr) Leemon IKPEA has consoled with President Muhammadu Buhari over the death of his Chief of Staff Mallam Abba Kyari. Mr Kyari died from Covid-19 related complications last week and his death has drawn flood of sympathy messages within and outside the country. In a condolence letter signed by Chief Ikpea to the President, he prayed God to grant the dead paradise and asked God to grant Mr President and the Kyari’s family the fortitude to bear the loss. Chief Ikpea wrote “While we share your grief…
The Senate has approved President Muhammadu Buhari’s request for N850 billion loan from the Capital Market to finance projects in the 2020 budget.The senate at plenary on Tuesday, gave accelerated approval to the request for the loan.It further mandated its Committees on Finance and Appropriation to liaise with the Minister of Finance, Mrs Zainab Ahmad for details of the loan.Buhari has sought the approval of the Senate for the N850 billion loan to finance the 2020 budget.The request was conveyed in a letter addressed to President of Senate, Dr Ahmad Lawan and read at plenary.Earlier, Lawan in a welcome address…
The Osun Government says it is awaiting the results of 30 samples of suspected coronavirus patients from the contact tracing it embarked on.Dr Rafiu Isamotu,the state’s Commissioner for Health disclosed this in a statement on Tuesday in Osogbo.He said that the samples were sent to the African Centre of Excellence in Genomics of Infectious Diseases, Ede, which was accredited by Nigeria Centre for Disease Control (NCDC). He said the contact tracing was carried out in Ejigbo, Osu, Ife East, Ilesa and Ede. Isamotu , while explaining the reason for the contact tracing in those areas, said the wife of a…
The Police Command in Rivers says it will pursue justice for Sgt. Lovender Elekwachi, the policewoman who was allegedly shot dead by her colleague in Port Harcourt last week. The command’s Spokesman, DSP Nnamdi Omoni, made the disclosure in a statement on Tuesday in Port Harcourt. The News Agency of Nigeria (NAN) gathered that Bitrus Osaiah, a police sergeant, allegedly killed Elekwachi during a minor argument on April 23 while on duty in Port Harcourt. Omoni said that the state Commissioner of Police (CP), Mr Joseph Mukan, had paid a condolence visit to the family of the late policewoman. “The CP…
Olumide Oyedeji, a former Captain of the national male basketball team D’Tigers, has commended young Nigerian basketball players who have shown interest in the 2020 NBA Draft in America. The 2020 NBA Draft is scheduled for June 25 in New York, but sports analysts doubt if the event will hold because of the COVID-19 pandemic. Oyedeji, who captained the Nigerian team, D’Tigers at the London 2012 Olympic Games, told the News Agency of Nigeria (NAN) on Tuesday in Lagos that the move by the players was a sign of good things to come. “For Nigerian players that made move to…
World Athletics and the International Athletics Foundation (IAF) have come together to launch a 500,000 dollars (400,448.50 pounds) fund, the global governing body said on Tuesday. World Athletics said the fund is to help athletes in financial hardship due to the COVID-19 pandemic. The coronavirus outbreak has brought sports events worldwide to a halt, leading to a loss of income for athletes. World Athletics president Sebastian Coe will chair a group assessing applications for assistance. The group will meet this week and also look into how to raise additional funds. “I am in constant contact with athletes around the world…
One hundred and twenty inmates in Turkey have tested positive for the coronavirus so far in four prisons, Justice Minister Abdulhamit Gul said on Tuesday in Ankara. The minister added none of the infected was in critical condition. “All [inmates] are receiving treatment in hospital. There is no inmate in an intensive care unit; all are in a good state of health,” Gul told a televised news conference. The minister would not disclose the locations of the prisons. On April 13, Gul reported 17 coronavirus cases in Turkish prisons and said three of them had died of the disease. There were…
The Nigeria Private Sector Coalition Against COVID-19 (CACOVID), has so far realised about N27.160 billion to help fight the coronavirus pandemic. The update of the contribution as at April 23, was made known in a document released by Mr Isaac Okorafor, the Director, Communications, Central Bank of Nigeria (CBN) on behalf of the coalition in Abuja on Tuesday. The document containing the list of contributors showed that the donations were made by institutions and individuals across the country. The News Agency of Nigeria (NAN) reports that CBN and Aliko Dangote were so far the highest contributors of two billion naira…