Nigeria news today headlines : Thursday 19th March 2020
These are the Nigeria news today headlines updates from Nigerian newspaper .
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Reps Ask FG To Ban Public Gatherings, Open Worship
CHIOMA UMEHA; VICTORIA OJUGBANA; INNOCENT OWEH; CHIDI UGWU; TOYIN ADEBAYO; SAMUEL OGIDAN; AHMED MUSA Members of the House of Representatives on Wednesday passed resolutions asking the executive arm to immediately prohibit all public gatherings and open religious worship in the country as ways of containing the spread of coronavirus. The House also resolved to ban
How International Lenders Botched Nigeria’s $22.7bn Loan
MOHAMMED SHOSANYA; BAMIDELE OGUNWUSI LAGOS -The Federal Government’s decision to shelve the $22.7 billion external borrowing plans on account of the current realities in the global economic landscape was, after all, inevitable. Daily Independent’s investigation revealed that the so-called suspension of the loan was at the instance of international lenders who felt the country’s revenue
Why FG Crashed Price Of PMS To N125 Per Litre
ABUJA -The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to reduce the pump price of premium motor spirit (PMS) from N145 to N125 per litre to reflect the current market realities. Minister of State for Petroleum Resources, Timipre Sylva, who briefed State House correspondents of the development, on Wednesday, explained that it
FG Pegs Oil Benchmark At $30pb, Cuts 2020 Budget By N1.5trn
ABUJA –The crisis trailing the outbreak of Covid-19 globally has led to the Federal Government approving a N1.5 trillion reduction in the 2020 budget. The budget cut was ratified at the Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari on Wednesday, in addition to a 20 percent reduction in capital expenditures, while recurrent
COVID-19: CBN To Meet Bank Chiefs, Injects Fresh N1trn Into Economy
LAGOS -Two days after it unveiled a six-point palliative to ameliorate the continued impact of coronavirus on the Nigerian economy, the Central Bank of Nigeria (CBN) has announced its decision to increase its intervention in boosting local manufacturing and import substitution by another N1 trillion across all critical sectors of the economy. The CBN governor,
Nigeria’s President In 2023 Will Be A Youth – Sukubo
The President of National Youth Council of Nigeria (NYCN), Amb. Sukubo Sara-Igbe Sukubo, in this interview with SAM OGIDAN, said that youths are likely to take over from President Muhammadu Buhari and most governors in 2023. Excerpts: Do you think this administration is youth friendly, especially in terms of Youth inclusiveness? In terms of youth
Deltans Should Support Okowa For More Development – Gbagi
Olorogun Kenneth Gbagi is a former Minister of State (Education) and a chieftain of the Peoples Democratic Party (PDP). In this interview with SUNDAY APAH, he spoke on his governorship ambition and developments in his home state, Delta. Excerpts: Could you briefly tell the electorates why you are contesting for Governorship of Delta State come
Coronavirus: LCCI Expresses Worry Over Capital Projects, As Passengers Desert Airports
LAGOS – The Lagos Chamber of Commerce and Industry (LCCI) yesterday expressed concern on how the Federal Government would mobilise revenues to finance capital expenditure in 2020, following the outbreak of the coronavirus, which has collapsed several world’s economy. This is as air travellers have deserted the nation’s aviation industry especially the international gateways across
Reps Issue 7-Day Ultimatum To NPA To Submit Audit Accounts
LAGOS – The House of Representatives Committee on Public Accounts has issued a seven days ultimatum to Hadiza Bala Usman, the Managing Director of Nigerian Ports Authority (NPA), to submit the 2017 and 2018 audited reports of the agency to the office of the Auditor General of the Federation. Reps also summoned former Managing Director
Global Recession Imminent As Oil Slumps To $25
Oil extended its slide yesterday to the lowest level in almost 17 years as the coronavirus pandemic threatens to bring the global economy to a standstill, battering demand just as supply explodes. Futures in New York fell as much as 4.2% to $25.83 a barrel, the lowest since May 2003, extending losses this week to
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