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Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor

The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...

Food blockade: AFAN blames institutional failure, inequity

The All Farmers Association of Nigeria, AFAN, Friday, blamed institutional failure for the blockade of foodstuff supply and transportation to Southern Nigeria as the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria, AUFCDN, embarked on the protest over factors militating against their business. Speaking with newsmen, National President, AFAN, Arc Ibrahim Kabir, said the whole issue boils down to poor discharge of constitutional duties by relevant government organisations that would have mitigated the plight of members of AUFCDN earlier, and such blockade of food supply would not have happened. Kabir said: “The situation arose principally due to institutional failure and inequity. The institutions saddled with maintaining national security must work properly so also those charge...

CNG: Northerners should be wary of Yayaha Bello, Femi Fani-Kayode

The Coalition of Northern Groups, CNG, has said that Kogi State governor, Yahaya Bello, and Chief Femi Fani-Kayode, fooled the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria, AUFCDN, to suspend its strike action and resume supply of food items to the South. It also said northerners should be wary of the duo, who it accused of being driven by personal interests and not the interest of the North. The leading northern group said this in a statement by its spokesman, Suleiman Abdul-azeez, made available to newsmen today. The statement reads: “The Coalition of Northern Groups CNG is of the view that the conclusion to suspend strike action embarked by the cattle and foodstuff dealers under the aegis of the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) was fo...

Ex-Nigerian ambassador Bolere Ketebu passes on

Dr. Bolere Elizabeth Ketebu, former Nigerian Ambassador to Ireland is dead. She was 66 years old. Her death was made known by President Muhammadu Buhari on Sunday. In a statement, Buhari condoled with the Ketebu family, the Bayelsa State government, as well as friends and professional colleagues of Dr Bolere Ketebu, The President said the former ambassador served her country creditably in several capacities. She was at one time President National Council of Women Societies, Secretary to Bayelsa State government and a member House of Representatives between 1992 and 1993. In September 2001, she was elected Advisor, Habitat to the International Council of Women (ICW). She was elected in 2003 as International Board Member to ICW, position she held till 2009. As a board member, she coordinated...

Coronavirus: Nigeria now at tipping point – PTF

The Federal Government, yesterday, took stock of its response to the COVID-19 pandemic vis-a-vis the attitude of Nigerians to embracing safety precautions, and concluded that the country was now at a tipping point. This came as government announced its decision to establish oxygen plants in all states of the federation as part of measures to resolve the “oxygen crisis” that had engulfed some of the isolation and treatment centres in the country. Meanwhile, Edo State has recorded 28 new cases of coronavirus, bringing the total number of confirmed cases in the state to 270, as the state government cautions residents to abide by the precautionary health and safety guidelines. Vanguard, meanwhile, gathered that former vice-chancellor of the University of Lagos, Prof. Oyewusi Ibidapo-Obe and th...

Senator Sani visits survivors of 2012 Kaduna church bombing

CNN Ex-Senator from Kaduna Central, Shehu Sani, on Saturday visited survivors of a 2012 Boko Haram bomb blast at St Monica Catholic Church, in Malali, Kaduna. In 2012, about eight worshippers had died at the explosion, with several others sustaining injuries. Those who survived the attack lamented that they have since been abandoned to cater for themselves. The survivors used the former lawmaker’s visit to call on the government and citizens for aid to be able to get back their life. A survivor, Polycarp Lawrence, who lost an eye in the attack, said that he has been paying for his medical bills with the little support from the church, which has not been enough. ‘Since the bomb blast of 2012, I have not found my rhythm back in life. Life has been so difficult for me and my family. There has...

Why we shutdown Total E&P gas plant – Rivers community

Obite indigenes in Ogba/Egbema/Ndoni Local Government Area of Rivers State have an advanced reason for shutting down a gas plant operated by Total Exploration and Producing Nigeria Limited in their domain citing alleged insensitivity of the oil multinational to their plight. The aggrieved natives, drawn from the five villages of Obite community also lamented the alleged refusal of the oil firm to honour a Supreme Court judgement that compensation is paid to the community for the land acquired in the area for its operations. Mr Daniel Clifford Uma, one of the natives, who spoke during the community protest march to the oil firm said, “What you are seeing here today is as a result of total negligence from Total E and P. This thing started 22 years ago. Some of the people that started this ma...

Ijaw youths block East-West road over NDDC

Pool Photo The ripples over the appointment of a sole administrator for the Niger Delta Development Commission (NDDC) reached a boiling point on Monday as hundreds of Ijaw youths blocked the popular East-West road, causing many travellers to be stranded. The youths under the aegis of the Ijaw Youth Council (IYC) said the protest was for the immediate removal of the Sole Administrator, Mr Effiong Okon Awa, and the inauguration of the substantive board. The protest held travellers stranded for hours and attempts by some armed soldiers backed by an Armoured Personnel Carrier and led by a Major to persuade the protesters to leave the East-West road proved abortive. A plea by a former Secretary to Bayelsa State Government and ex-Nigerian Ambassador to the Scandinavian countries, Dr Godknows Iga...

Edo APC writes off former chairman’s defection claims

Edo state chapter of the All Progressives Congress (APC) yesterday described claims by a former charman of the party, Anselm Ojezua that he was leaving the party with 150,000 members as spurious and unfounded. A statement yesterday by the State Assistant Publicity Secretary of the APC, Ofure Osehobor, said Ojezua had long left the party but that he was not popular enough to gather such a number of supporters being claimed. He said “This is deliberate falsehood because Edo people know that this man has no such followership. Moreover he left the party long before now. What is sad is that instead of staying quietly in his new party, he has chosen to embarrass himself with these claims. “Here is a man who has lost political relevance, in all its ramifications but decided to lurk around by hold...

Alex Ferguson teams up with Marcus Rashford after making poverty pledge

Agence France-Presse Former Manchester United manager Alex Ferguson has teamed up with Marcus Rashford to tackle child food poverty. United striker Rashford was awarded an MBE following his recent campaign which saw the government change their minds on providing free school meals for children during holidays. Now the 23-year-old has said Ferguson is set to pledge up to £2 million ($2.6 million) towards the FareShare charity for which Rashford is an ambassador. An appeal in the Times is aiming to raise funds and Rashford revealed Ferguson, alongside billionaire Michael Moritz, will match donations up to the aforementioned sum and described the news as “incredible”. Ferguson, 78, grew up in Glasgow in tough conditions and believes Rashford has done a great job in highlighting the plight faci...