The Monetary Policy Committee (MPC) of the Central Bank of Nigeria(CBN), at the first meeting of the year held on Friday, January 24, 2020 voted to raise the Cash Reserve Requirement (CRR) to 27.5%.The CRR determines the minimum deposit commercial banks must hold in reserves with the Apex Bank rather than lend out.
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The Central Bank of Nigeria, CBN, has announced the redeployment of Yusuf Philip Yila, director with the Bank and the managing director, NIRSAL Microfinance Bank, NMFB, to the position of director, Development Finance Department, with effect from Friday, January 24. Yila succeeds Mudashiru Olaitan, who retires from the bank on
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The Netherlands Institute of International Relations is working out a scheme to make migration regular and legal with special interest in Information and Communication Technology, ICT and Agriculture.The General Director, Netherlands Institute of International Relations Monika Sie Dhian Ho disclosed this during a visit to the Chairman/CEO Nigerians in Diaspora Commission,(NIDCOM) Hon Abike Dabiri-Erewa
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The federal government, through the Nigerian Centre for Disease Control (NCDC), has issued a red flag to Nigerians on the spread of Novel Coronavirus, a new virus, from China to other parts of the world.The Federal Airports Authority of Nigeria (FAAN) also called on Nigerians and others travelling through the country to comply
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The International Court of Justice has ordered Myanmar to take urgent action to protect its Muslim Rohingya minority from genocidal acts, in a blow to Aung San Suu Kyi, the country’s civilian leader, who has accused refugees of exaggerating atrocities.Thursday’s ruling was an interim measure intended to protect the Rohingya during the course
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Nigeria LNG and Total have signed a 1.5 million tpy LNG agreement, Reuters reports.The deal is reportedly for 10 years and deliveries will commence from October 2021.The agreed volume of LNG will be shipped from a combination of Nigeria LNG’s first, second and third LNG trains.
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Angola's billionaire former first daughter Isabel dos Santos has been charged with money laundering and mismanagement during her stewardship of state-owned oil firm Sonangol.Documents leaked this week alleged the daughter of ex-president Jose Eduardo dos Santos, plundered state coffers to build her fortune, estimated at $2.1 billion."Isabel dos Santos is accused of mismanagement and embezzlement
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World Leaders Gather in Jerusalem 75 Years After HolocaustIsrael hosts the global commemoration of the Holocaust in Jerusalem on Thursday.Forty-nine delegations are scheduled to attend the fifth World Holocaust Forum, with Russian President Vladimir Putin and American Vice President Mike Pence among the world leaders participating. The event will mark the 75th anniversary of
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The 2020 Seasonal Rainfall Prediction (SRP), was unveiled by the Nigerian Meteorological Agency (NiMet) with much expectation from various sectors of the economy.The SRP report which usually guide the sectors was released officially by the Honourable, Minister of Aviation, Senator Hardi Sirika on Tuesday, January 21, 2020 at Abuja, the Federal Capital City of
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The Cross River State Government has given an ultimatum of 90 days to operators of unpainted cabs in Calabar to paint their vehicles in the state’s official cab colours of dark-blue and white or have their vehicles impounded.The Director-General of the Department of Public Transportation- Godwin Nyiam, gave the ultimatum
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