Africa Lost Over $190bn In GDP To COVID-19 – AfDB
President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, yesterday said the economy of Africa has lost over $190 billion due to the effect of the COVID-19 pandemic.
Adesina, during the AfDB’s 2021 virtual...
Senate Indicts NSA Over Alleged Diversion Of $2.3bn, Others
The Senate has indicted the Office of the National Security Adviser (NSA) over an alleged diversion of N1,075,266,599.06, $2,301,329.54 and €196,257.42 by the Nigerian Ports Authority (NPA).
Apart from asking the Economic and Financial Crimes Commission (EFCC)...
Senate Probes NIMC Over N229m Contract Payments
The Senate Public Account Committee is currently investigating the authorities of the National Identity Management Commission over the alleged non- compliance with Public Procurement Act in the award of a N229m contract.
The SPAC hinged the probe on the...
NASS Considers N895bn Weapons, Anti-terror Supplementary Budget
The President of the Senate, Ahmad Lawan, on Tuesday read an official communication from President Muhammadu Buhari asking the National Assembly to approve a supplementary budget of N895bn.
The amount had earlier been approved by the Federal Executive Council.
A...
Fed Govt Flouts Workers Pension Remittance
Seven years after the Federal Government amended the Pension Reform Act, which stipulated that employers should remit 18 per cent of workers’ monthly emoluments into their RSAs, the government is yet to comply with its own law.
The Pension Reform...
Buhari Sets Up Committee To Lift 100m From Poverty
President Muhammadu Buhari inaugurated on Tuesday the National Steering Committee of the National Poverty Reduction with Growth Strategy, chaired by Vice-President Yemi Osinbajo.
He said this re-echoed his commitment to lifting 100 million Nigerians out of poverty...
