Nigeria news today headlines : Wednesday 29th April 2020
These are the Nigeria news today headlines updates from Nigerian newspaper .
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PDP Kicks As Senate Okays Buhari’s Bid To Borrow N850bn
ABUJA – The upper chamber of the National Assembly on Tuesday approved President Muhammadu Buhari’s request to borrow the sum of N850 billion from the domestic capital market to finance projects in the 2020 budget. But the Peoples Democratic Party (PDP) has expressed concerns over the hasty approval of the loan. Shortly after approving the …
Non-Compliance With Advisories Affecting COVID-19 Fight — FG
CHIOMA UMEHA; TOYIN ADEBAYO; MICHAEL DAVID The Minister of Health, Dr. Osagie Ehanire, has hinted that the highly propagated measures like social distancing and postponement of non-essential travel had had only limited success. He, therefore, said Nigerians needed to redouble efforts to comply with advisories. He made this known at the Presidential Task Force …
COVID-19: IMF Approves $3.4bn For Nigeria
The International Monetary Fund (IMF) on Tuesday approved Nigeria’s request for emergency financial assistance of $3.4 billion under the Rapid Financing Instrument (RFI) to meet the urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic. The IMF financial support will help limit the decline in international reserves and provide financing to …
Nigeria Seeks Bank Documents To Overturn $9.6bn P&ID Case
Nigeria is seeking documents from 10 banks, including Citigroup Inc. and JPMorgan Chase & Co., in a bid to overturn a $9.6 billion arbitration award related to a business deal that the country contends is shrouded in allegations of corruption, reports Bloomberg. Nigeria has asked a federal court in New York for permission to subpoena …
We’ll Resist Stoppage, Deduction Of Workers’ Salaries — Labour
ABUJA – Ahead of the planned easing of the lockdown imposed in Lagos and Ogun states as well as the Federal Capital Territory (FCT) by the Federal Government, on account of the COVID-19 pandemic, the leadership of the Nigeria Labour Congress (NLC) has cautioned government at various levels not to contemplate stoppage or reduction in …
Lagos Engaging In Constructive Borrowing – Hamzat
Dr. Kadri Obafemi Hamzat, Deputy Governor of Lagos State, was a guest of the editorial team of the News Agency of Nigeria (NAN) recently in Lagos. He spoke on steps being taken by the Lagos state government to contain COVID-19 pandemic, debt profile of the state and other issues. TEMIDAYO AKINSUYI who monitored the session …
Assessing Buhari’s Post Lockdown Address
LAGOS – For the third time since the outbreak of the novel Coronavirus pandemic, President Muhammadu Buhari on Monday, April 27, addressed Nigerians on the decision of his administration to make life bearable for the citizens, even as the virus continues to spread like wild fire across the country. Before Monday’s broadcast, residents of Lagos …
World Athletics Unveils $500,000 Fund For Athletes
World Athletics and the International Athletics Foundation (IAF) have launched a US $500,000 fund to support professional athletes experiencing financial hardship due to the coronavirus pandemic. World Athletics president Sebastian Coe, who also chairs the IAF, said the fund would be used to assist athletes who have lost most of their income in the last …
Unilever Launches €500m Support For Vulnerable Suppliers
Companies across sectors are launching support packages for vulnerable companies in supply chains in the wake of the Covid-19 pandemic. Unilever is to provide €500m of cash flow relief for its most vulnerable SME suppliers as part of support measures. The company has also committed to protect its workforce in the short-term from sudden drops …
Landlords Step Up Assistance For Retail Tenants
South Africa’s landlords have increased and extended temporary rent reductions for retailers whose shops have been closed by the country’s lockdown to tackle the coronavirus pandemic. President Cyril Ramaphosa imposed a 21-day lockdown on March 26, banning all but essential workers from leaving home except to buy food or medicine and closing all non-essential shops. …
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