Tuesday, October 19, 2021

Fed Govt earns N6.6tr in eight months, says CBN report

• August earnings dip to N760b Federal Government’s total gross revenue for eight months ended August stood at N6.61 trillion, the Central Bank of Nigeria...

DMO pegs Fed Govt’s borrowing in 2014 at N1.24 tr

The Debt Management Office (DMO) has ruled that the maximum amount that could be borrowed in 2014 is N1,249.52 trillion or US$7.834 billion (domestic...

NPC/UNICEF Collaborate To Establish Evaluators Body In Nigeria

National Planning Commission, in close collaboration with the UNICEF Evaluation Office, has began the process of establishing an Association for Evaluators in Nigeria (EAN),...

Agriculture Is Big Business, Not Social Service – Aina

Chief Olu Aina is the chairman of the recently constituted  board of the Governing Council of the National Root Crops Research Institute (NRCRI), Umudike,...

CBN, NDIC takeover NERFUND over N5.7b loss

The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have taken over the management of the National Economic Reconstruction Fund...

‘Investment in human capacity development, surest way to maritime industry growth’

 The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that its decision to invest heavily in human capital development was borne out of...

Manufacturing exporters get N12bn NEXIM funding

Nigerian Export-Import Bank (NEXIM) has stated that it has provided N12 billion in lending to Nigerian export manufacturers, many of who put the “Proudly...

Senate, FG Bicker Over CAC Board Appointment, Budget

The Minister of Trade and Investment, Dr. Olusegun Aganga, and the Senate Committee on Trade  yesterday, differed on legislative moves to amend the Company...

All-Share Index Hits 2-month High on Q3 Results

The Nigerian Stock Exchange (NSE) All-Share Index rose to a two-month high Wednesday, as investors’ expectation for impressive third quarter (Q3) results of companies...

Dangote plans $34.7bn fresh investment in economy

The President of Dangote Group, Alhaji Aliko Dangote, has said that the Group is poised to make an additional investment totaling $US 34.7 billion...

Nigeria’s Sovereign Wealth Fund And Intergenerational Equity

On May 11, 2011 the Nigerian Senate approved the Nigeria Sovereign Investment Authority Bill, 2010, which sought to establish a sovereign wealth fund to...

We aim to unlock agricultural potential to drive economy — Akinwumi Adesina

Since men have learnt to shoot without missing, Eneke the bird has learnt to fly without perching. This seems to be the approach adopted...
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Restricting importation of foreign currencies

THE Central Bank of Nigeria (CBN) rose in stout defence of the value of the Naira last week as it expressly proscribed the importation...

Govt to establish $400m development finance institution

The Federal Government has said that it will set up a development finance institution that will make access to funds easy in the economy. The...

Nigeria-UK Trade Increases to N1.8 Trillion, Says Tafida

The volume of trade between Nigeria and the United Kingdom (UK) has increased to about £7.2 billion (N1.8trillion), with the balance of trade still...

CBN Dangles N5m Prize Money on Financial Institutions

Banks and financial institutions featuring in this year’s Central Bank of Nigeria (CBN) sponsored football tournament will split total prize money of N5million. The...

Fed Govt, Chinese firm sign $1.3b Zungeru hydro-electric contract

The Federal Government has signed the contract for the Zungeru Hydro-Electric Power Project, which will add 700 megawatts (MW) to the national grid, when...

EFCC goes after erring bureau de change operators

The Economic and Financial Crimes Commission (EFCC) has been asked to investigate for prosecution of indicted persons within the management of 20 Bureau De...

Still on the J.P. Morgan account

Section 2(1)a of the Fiscal Responsibility Act 2007 empowers the Fiscal Responsibility Commission to compel any person or government institution to disclose information relating...

Plateau, the media and 10 years of harvest of blood

Following the orgy of violence in Jos in September 2001 various explanations were pondered for the cold-hearted bloodletting that disrobed the city of the...