DSS Tongue Lashes Mailaifa, Warns Against Inciting Comments

The Department of State Services DSS, on Friday, warned that it would clamp down on notable personalities and groups who incite a breakdown of law and order in the country.   This is contained in A statement from the spokesman of the Service, Peter Afunanya said in line with its mandate of detecting and preventing threats and crimes; “the Service hereby reiterates its previous warning that it will henceforth not condone unruly conducts of persons and groups that ought to know better.”   He added The Service will not stand…

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Nigeria Faces Second Recession In Four Years

The Federal Government has said the likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making it the second time within four years. The Minister of State for Finance, Budget and National Planning, Clement Agba, said this in Abuja on Thursday at the beginning of a five-day interactive session on the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The government said the COVID-19 pandemic resulting in crash of global oil prices among other economic factors had adversely affected the nation’s economy, with the Gross…

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NBS Says Nigeria’s Unemployment Rate Rises To 27.1%

The National Bureau of Statistics has finally released data on the nation’s unemployment rate after an 20-month interval, saying the unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. The NBS, in its ‘Labor Force Statistics: Unemployment and Underemployment Report’ released early Friday, said underemployment rate increased from 20.1 per cent in Q3 2018 to 28.6 per cent in Q2 2020. It said, “For the period under review, Q2 2020, the unemployment rate among young people (15-34…

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Covid-19 Regulations: FCT warns Public Schools against non-compliance

The Federal Capital Territory Administration FCTA has warned principals of government-owned secondary schools in the territory against non-compliance with Covid-19 safety guidelines. Chairman, FCT Ministerial Enforcement Taskforce on Covid-19 Restrictions, Ikharo Attah gave the warning on Thursday during an inspection tour of some schools in Kubwa, Dutsen Alhaji and Gwarinpa Housing estate. The taskforce which visited some government-owned and private schools was unhappy with the compliance level in some of the government-owned schools. Specifically, at the Junior Secondary School Kubwa 3 located inside Kubwa Model Primary sichool in Phase 3,…

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NBC Slams Nigeria Info N5m Fine Over Mailafia’s Comment

The National Broadcasting Commission has fined a radio station, Nigeria Info, N5m, for a recent comment made by a former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailaifa. This was contained in a statement signed by the NBC management on Thursday titled, ‘The National Broadcasting Commission Fines Nigeria Info 99.3 For Unprofessional Broadcast’. Mailaifa was interviewed on Monday during one of the station’s programmes, Morning Cross Fire. He had talked on the killings in Southern Kaduna, one of the parts of the North-West region worst hit by…

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Nigeria Government To Auction N150bn Bonds At 12% In 7 Days

As part of capital raise to finance the 2020 budget, the Debt Management Office (DMO), will within in seven days’ time, offer a 10, 15, 25 and 30 year bond at 12.50 percent, 12.50 percent and 9.80 percent and 12.98 percent interest rates respectively.   This was contained in a document published on the Debt Management Office (DMO) website. It showed a breakdown of N150 billion bond that includes 10 year reopening N25bn bond which would mature in January 2026. The 15 year N40bn bond that would mature in March…

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Anambra Governor Obiano Suspends 12 Monarchs For Visiting President Buhari

Anambra Governor Willie Obiano  suspended 12 more traditional rulers for visiting President Muhammadu Buhari last week. The suspension was announced through a circular titled “Suspension of Twelve (12) Traditional Rulers in Anambra State,” dated August 11, 2020 by Commissioner for Local Government, Chieftaincy and Community Affairs, Mr. Greg Obi. The one-year suspension clamped on the monarchs, according to a statement, was for embarking on a visit to President Muhammadu Buhari without consultation or approval from the Government. He had suspended monarch of Ukwulu, Igwe Peter Uyanwa, over alleged petitions from…

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Federal Government Accuses World powers Of Frustrating Fight Against Insurgency

The Federal Government has appealed to the world powers not to be weighed by unsubstantiated arguments to deny the country vital platforms and weapons to fight insecurity. The Minister of Information and Culture, Alhaji Lai Mohammed made the appeal on Thursday when he featured on the News Agency of Nigeria Forum in Abuja. “When the international community is weighed by unsubstantiated arguments to deny the country of vital platforms and weapons to fight insecurity, you cannot turn round to accuse the country of not fighting terrorism,’ he said.   The…

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UNILAG Names New Acting Vice Chancellor

The University of Lagos(UNILAG Governing Council has named Prof. Theophilus Soyombo as Ag. Vice Chancellor to replace Prof. Oluwatoyin Ogundipe who was removed on Wednesday over allegations of misconduct and others. Soyombo’s appointment was announced in a statement by the Registrar and Secretary to Council Oladejo Azeez, who also noted that Ogundipe was lawfully removed by Council. Ogundipe had described his removal as null and void, saying it did not follow the process for removal as contained in Section 17 of the University of Lagos Act. However Azeez noted the…

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Gunmen attack journalists in Nasarawa

Gunmen suspected to be armed robbers, on Wednesday, invaded the residence of Nasarawa State correspondent of The Nation Newspaper, Mr Linus Oota. Oota, a resident of Ombi one Lafia, was attacked around 3am alongside other tenants in the compound. Narrating his ordeal, Oota explained that suddenly heard heavy knocks on the door of his apartment by five armed men. According to him, the men forced his door open, entered, and took away his three phones, laptop, money, shoes, and wristwatch among others. He also stated that the robbers attacked four…

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