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El-Rufai Presents Budget Of N216.5bn For 2018 | The Precision

El-Rufai signing the 2017 appropriation bill Governor of Kaduna State, Nasir El-Rufai has presented an Appropriation bill of N216.5 billion for the 2018 fiscal year to the state House of Assembly. El-Rufai, in the budget tagged, “Budget of Consolidation”, explained that N131 billion was earmarked as capital expenditure, representing 60.5 per cent, while N85 billion was set aside for recurrent...

Police: Don’t Call 911 To Report Facebook Is Down | The Precision

Police in Washington state are asking residents to refrain from calling 911 just to report problems accessing Facebook. Facebook and Instagram experienced widespread outages Wednesday, leading some panicked users in Bothell, Wash., to report their social networking emergencies to 911. "We will move mountains to help those in our community," Bothell Police tweeted. "However we can't fix Facebook so please don't call...

Chad Withdraws Troops From Fight Against Boko Haram In Niger | The Precision

Chad has withdrawn hundreds of troops from neighbouring Niger, where they were helping local forces fight Boko Haram Islamist militants, humanitarian sources and officials said.  The pull-out over the past two weeks could weaken a region-wide struggle against the militants who have killed tens of thousands of people, forced many more to flee and triggered a humanitarian crisis. There was no...

Nigeria Overnight Rate Drops To 20 Percent As Cash Squeeze Bites | The Precision

Nigeria’s overnight lending rate dropped to 20 percent on Thursday on expectation that a cash squeeze will ease after money market rates more than doubled previous session.  The Central Bank of Nigeria (CBN) has kept liquidity tight to support the currency, leaving its benchmark interest rate on hold at 14 percent this year. It also aims to keep rates high...

ASUP Gives FG 21-day Strike Notice | The Precision

The Academic Staff Union of Polytechnics (ASUP) has given the Federal Government a 21-day ultimatum to either meet its demands or risk industrial action. The strike notice, which was written to the Minister of Labour and Employment, Chris Ngige, dated October 9, 2017 and signed by the President of ASUP, Usman Dutse, said the union was left with no choice...

Buhari Writes Senate, Seeks Confirmation Of New Deputy CBN Governor | The Precision

The President, Muhammadu Buhari, has written to the Senate seeking the confirmation of the nominee of the Central Bank of Nigeria (CBN), Deputy Governor, Aisha Ahmad. President Buhari on October 5, 2017 appointed Mrs Aishah Ahmad as the Deputy Governor of the Central Bank of Nigeria, subject to Senate Confirmation. This was announced in a statement by the Special Adviser to...

Senate Passes Bill To Inaugurate President, Vice President At National Assembly | The Precision

A bill which will enforce that an elected President and Vice President of Nigeria be inaugurated at the premises of the National Assembly was on Thursday passed by the Senate. The passage of the bill sponsored by the Deputy Senate President, Ike Ekweremadu, followed several debates on the report of the Senate Committee on Special Duties. Before now, inauguration of presidents...

I Approved N640bn Oil Contracts For NNPC – Osinbajo | The Precision

Nigeria's Vice President, Yemi Osinbajo has taken responsibility for granting authorisation to the NNPC for two oil contracts worth N640 billion. A statement by senior special assistant to the president on media and publicity, Laolu Akande, said Mr. Osinbajo approved the contracts in his capacity as acting president in July.  “In response to media inquiries on NNPC joint venture financing, VP...

Nigerian Govt To Review Power Sector Privatisation | The Precision

The Nigerian government on Thursday says it would soon review the privatisation of power plants in the country to enable government restructure their ownership and capacity to deliver value to the people. President Muhammadu Buhari said at the closing of the 23rd Nigerian Economic Summit, NES in Abuja that the review would involve the restructuring of the ownership of the...

Sokoto Govt, Chevron Partner On Community Engagements, CSR | The Precision

Governor Tambuwal of Sokoto State with Senator Gbenga Aluko during a visit to the Governor by a team from Chevron Nigeria Ltd. Sokoto state government said it is open to partnering with public and private organisations to enhance community engagements through corporate social responsibilities. Governor Aminu Waziri Tambuwal stated this when he received the Director of Policy, Government and Polic Affairs...
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