AfrikNews

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Ministry, Police, Seven Others Spent N49.5bn Without NASS Approval – Auditor General

Ministry, Police, Seven Others Spent N49.5bn Without NASS Approval – Auditor General     The Office of the Auditor General of the Federation has disclosed that nine Ministries, Departments and Agencies of the Federal Government spent about N49.5bn above their approved budgets between 2018 and 2019. The OAuGF made the discrepancy known in its “2019 […]

Net Forex Inflow Drops By 30% To $2.69bn As Outflow Rose By 53%

Net Forex Inflow Drops By 30% To $2.69bn As Outflow Rose By 53%   The members of the Central Bank of Nigeria’s, CBN, Monetary Policy Committee, MPC, have called on the apex bank to carry out a comprehensive review of the foreign exchange market operations in the country to determine the fundamental drivers, and relative […]

CBN Says Nigerian Economy Contracted In November

CBN Says Nigerian Economy Contracted In November   The manufacturing and non-manufacturing Purchasing Manager’s Indices for November 2021 remained below the 50 index points at 47.3 and 47.5 index points. PMI readings above 50.0 signal an improvement in business conditions, while readings below 50.0 show a deterioration. The Deputy Governor, Financial Systems Stability Directorate, CBN, […]

NLNG Suspends Cooking Gas Export, Channels 100% To Domestic Market

NLNG Suspends Cooking Gas Export, Channels 100% To Domestic Market   The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that it […]

Foreign Capital Importation Increases To $1.73bn In Q3

Foreign Capital Importation Increases To $1.73bn In Q3   The total value of capital imported into the country in the third quarter of last year (Q3, 2021) stood at $1.73 billion, representing 97.73 per cent increase compared to the $875.62 million recorded in the preceding quarter. According to the Nigerian Capital Importation Q3 2021 report, […]

Serbia: Joint Statement by Embassies of France, Germany, Italy, UK, USA and the Delegation of EU on the Referendum

France, Germany, Italy, the United Kingdom, the United States and the European Union welcome Serbia’s January 16 national referendum on constitutional changes as a key step to strengthen the independence of the judiciary and to enhance the transparency and effectiveness of the country’s rule of law institutions. We believe that these reforms are a step forward towards Serbia’s alignment with European standards and will support Serbia’s EU accession process.

Lift On Twitter Ban, A Triumph In Patriotism And National Security, by Dahiru M Lawal

Lift On Twitter Ban, A Triumph In Patriotism And National Security, by Dahiru M Lawal   “If there is no enemy within, the enemy outside can do us no harm” ~ African Proverb When on June 4th 2021, the Federal Government announced the suspension of Twitter operations in the country after the social media giant […]