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Thursday, August 18, 2022

UK finance minister Sunak quits in protest at Johnson

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Britain’s finance minister Rishi Sunak on Tuesday announced his resignation, as Prime Minister Boris Johnson came under fire for his handling of a sleaze scandal involving a senior colleague. “The public rightly expect government to be conducted properly, competently and seriously,” Sunak wrote in his resignation letter. “I recognise this may be my last ministerial…

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The IMF will send a team to Ghana this week to begin talks on a possible loan program for the West African nation, the fund announced Tuesday. The nation’s President Nana Akufo-Addo had previously rejected calls to seek financial assistance from the IMF, but last week authorized the step as the country faces soaring inflation.…

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The management of the University College Hospital (UCH), Ibadan, Oyo State, has made it mandatory for every patient in the hospital to pay a daily sum of N1,000.00 electricity bill. UCH administrator, Wole Oyeyemi, in a circular disclosed that this new development was prompted by the high cost of electricity tariffs and diesel. “Following the…

16 mins ago

The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to embrace opportunities represented in open banking to drive financial inclusion in the country. Mrs Aishah Ahmad, the Deputy Governor, Financial Systems Stability Directorate, CBN, gave the advice at the Chartered Institute of Bankers of Nigeria (CIBN) Advocacy Dialogue Series six in…

16 mins ago

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq, says $1 billion is being earmarked annually for Social Investment Programme (NSIP) by the Federal Government. Farouq said this during the flag-off of grant for vulnerable groups and digitised cash transfer payment, on Tuesday in Osogbo. Represented by the Permanent Secretary in the…

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