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Kashif Inuwa’s Son, Al-Amin, Emerges Winner At Robotics Competition

Kashif Inuwa’s Son, Al-Amin, Emerges Winner At Robotics Competition       Al-Amin Kashif Inuwa, the son of the Director-General, National Information Technology Development Agency, NITDA, has emerged winner of the 3logy Creative Kids’ Robotic Competition. DAILY NIGERIAN reports that the 12-year-old Al-Amin emerged winner at the competition after...

External Reserves Hit $35.72bn In September

External Reserves Hit $35.72bn In September       The country’s foreign reserves stood at $35.723bn as of September 29, according to the Central Bank of Nigeria. The CBN disclosed that the reserves, which had continued to rise and fall in recent weeks, stood at $35.67bn as of September...

Oil Firms’ Debts Near N5trn Amid Price Collapse

Oil Firms’ Debts Near N5trn Amid Price Collapse     The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this year to nearly N5tn as many operators struggle to stay afloat in the face of depressed prices...

N1bn Paid To 219 Retirees In September – Lagos Govt

N1bn Paid To 219 Retirees In September - Lagos Govt       Lagos State has said it paid retirees N1bn as accrued pension rights for the month of September. It said this in a statement on Sunday entitled ‘Lagos State retirees received over N1bn as accrued pension rights...

COVID-19 Will Dip Africa’s GDP By $37bn – IATA

COVID-19 Will Dip Africa’s GDP By $37bn - IATA       The International Air Transport Association (IATA) has warned that the damage being done to the African aviation industry and the continent’s economies because of COVID-19 will trigger a dip in the continent’s Gross Domestic Product (GDP)...

Electricity Tariff Subsidy Gulped N540bn, Must Stop — NERC

Electricity Tariff Subsidy Gulped N540bn, Must Stop — NERC       The Nigerian Electricity Regulatory Commission has said the Federal Government spent N540bn subsidising electricity in 2019, stressing the need to put an end to subsidy. According to the commission, the amount spent on electricity subsidy should be...