Breaking News in Nigeria Today Wednesday 18th March 2020
Here are some of the Breaking News in Nigeria Today Wednesday 18th March 2020 on some of the nation newspapers .
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Tuberculosis: Intensify efforts or miss 2020 target, experts tells FG
A head of the 2020 World Tuberculosis Day, experts in the sector yesterday expressed fears that Nigeria may not be able to meet the 2020 target to end tuberculosis (TB) in the country, unless government at all levels intensify efforts in that regard. Speaking to newsmen in Abuja, National Professional Officer in charge of Tuberculosis at the World Health Organisation (WHO), Dr. Ayodele Awe, raised concerns that despite the high fatality rate of tuberculosis, the number one infectious killer in the world, there was still a huge funding gap…
Alleged N544m fraud: EFCC witness clears ex-SGF, Babachir Lawal
A witness of the Economic and Financial Crimes Commission (EFCC), Aminu Muhammed, yesterday, cleared former Secretary to the Government of the Federation (SGF), Engr. Babachir Lawal, of any wrongdoing in the award of N544 million contract that led to his trial before an Abuja High Court. At the resumed trial, the witness, a Principal Procurement Officer in the SGF office, told the court that neither Lawal nor any of the defendants in the trial participated in the bidding process or award of the contract in dispute. Muhammed, who is…
World Bank grants $750m to states to strengthen financial transparency
T he World Bank has released $750 million to strengthen transparency and accountability at the sub-national level of government. Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday, inaugurated National Steering Committee for the States Fiscal Transparency, Accountability and Sustainability (SFTAS). SFTAS is put at the state level to ensure transparency and accountability in management of states’ finances. Inaugurating the committee, the minister disclosed that “the project is financed with the loan of $750 million from the World Bank to support the states through the provision…
UTME: Candidates miss examinations amidst confusion
N o fewer than 25 candidates scheduled to sit for the 2020 Unified Tertiary Matriculations Examination (UTME) at the Global Distance Learning Institute on yesterday in Abuja, were unable to write their exams due to confusion on examination centres. Our correspondent gathered that the candidates, who mistook the examination town on their examination slip as examination centres, went to the wrong locations at Suleja or Madala as the case may be, before retracing their steps back to their original centre, the Global Distance Learning Institute at the Central Business District…
Banks fret over coronavirus impact on loan growth
Concern Lenders say they will moderate loan growth this year Despite the industry’s Non-Performing Loans (NPLs) ratio steadily heading south in the last one year, there are indications that deposit money banks (DMBs) in the country are worried that the coronavirus (Covid-19 ) will affect their ability to create new loans. According to data released by Central Bank of Nigeria (CBN) in January, DMBs created about new N2 trillion loans in the last six months, a feat, the apex bank attributed to its minimum…
Buhari’s successor’ll be a youth, says NYCN president
Sukubo Sara-Igbe Sukubo, President of National Youth Council of Nigeria (NYCN) is optimistic that President Muhammadu Buhari will hand over to a youth, when his tenure ends in 2023. In this interview with ONYEKACHI EZE, he speaks on the need for youths’ involvement in governance and other sundry issues. Excerpts: What is the current state of the National Youth Council of Nigeria (NYCN)? NYCN as the apex youth body in Nigeria like every other body in the country has its own issues and challenges. But the…
Coronavirus: Recession fears mount as economy reels from impact
The devastating impact of coronavirus outbreak on Nigeria’s financial markets in the last few days has sparked fears that the country’s economy could slip back into recession, writes Tony Chukwunyem F ollowing the National Bureau of Statistics’ (NBS) release of Nigeria’s latest Gross Domestic Product (GDP) data, on February 24, which showed that the country’s GDP grew by 0.27per cent to 2.55per cent in Q4’19-the fastest pace of growth since Q4’15- and that the economy also grew 2.27per cent in 2019, surpassing the 2.1 per cent predicted by…
Abuja doctors may suspend strike as House intervenes
B arring any last minute change of decision, health workers in the Federal Capital Territory (FCT) may call off the industrial action they embarked on by Thursday, 19 March 2020. In a press statement by the Special Adviser on Media and Publicity to the Speaker, Lanre Lasisi, this followed a successful intervention of the House of Representatives after a meeting with the representatives of the striking health workers and the management of the FCT on Tuesday. Speaker Femi Gbajabiamila, who had mandated the Tanko Sununu-led Committee on Health Services…
Okowa: Delta strenghtens measures against trafficking of youths
D elta State Governor, Senator Ifeanyi Okowa, yesterday, said the state government had taken measures, through programmes, to equip youths in the state with relevant skills that would enable them contribute to development of society. Okowa disclosed this when he received the Director-General, National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Dame Julie Okah-Donli, who visited him in Government House, Asaba. He said that the state government was engaging youths in skills acquisition and agricultural training programmes, a development that had shielded many of them from the vulnerability…
Need to broaden options with derivatives
Chris Ugwu writes that developing derivatives will help to reduce the current problem of shallowness and lack of breadth in the capital market T he Nigerian Stock Exchange remains a predominantly equities-driven market with certain sectors dominating trading and market capitalisation. On the Main Board, the Financial Services sector leads the pack of the board’s total market capitalization while consumer Goods are a close-second. However of recent, bond trading has been on the rise through the issuance of bonds by the Federal Government. But it…
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