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Wednesday, December 12, 2018

S&P Worries Over 2014 Budget

One of the major international support bases for managers of the Nigerians Economy has dealt a heavy blow on the 2014 budget estimates submitted...

TEF Donates $150,000 to African Union Foundation

The Tony Elumelu Foundation (TEF) has made a $150,000 donation to the start-up costs of the African Union Foundation(AUF), a body established by  the...

Pipeline investments in power sector hits $50bn

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the privatisation of Nigeria’s power sector has unlocked the investment opportunities in...

CBN Governor, Sanusi, accuses NNPC of kerosene subsidy fraud, says $20 billion unaccounted for

Nigeria’s Central Bank Governor, Sanusi Lamido, struck a defiant tone again Tuesday, accusing state-run oil firm, the Nigerian National Petroleum Corporation, NNPC, of failing to...

CBN bars NMRC from real estate financing

Exactly 15 days after President Goodluck Jonathan inaugurated the Nigeria Mortgage Re-finance Company Plc in a bid to tackle housing deficit, the Central Bank...

FG unveils modalities for National Conference .. 492 delegates free to discuss any subject...

In keeping with the pledge by President Goodluck Jonathan that the National Dialogue proposed by his administration would provide an opportunity for Nigerians to...

National Assembly Mulls Ban on Importation of Generators

•   National Council on Power under way The National Assembly  is considering banning importation of generators as part of efforts to tackle the problem in...

FG moves to revitalise Nigeria’s iron, steel sector

…engages stakeholders on Backward Integration Policy  The Federal Government has said that it has concluded plans to develop and implement a comprehensive Backward Integration Policy...

MDGs: FG To Deliver 3,383 Health Projects In 210 LGAs

The federal government, through the Millennium Development Goals (MDGs) 2013 Conditional Grant Scheme (CGS), will provide 3,383 health projects, 7,015 educational projects, 2,780 water and sanitation...

Govt approves N240.2m locally-made vehicles for SURE-P coordinators

• FEC okays draft bill for metallurgical industry The Federal Executive Council (FEC) has approved N240.2 million to procure 37 SUVs for each of the states’ chair Coordinators of...

Agric sector attracted $8b private sector investment in two years – Minister

The Minister for Agriculture and Rural Development, Dr. Akinwumi Adesina, has said that agriculture attracted private sector investment valued at $8 billion in the past two years. Adesina...

CBN to Move 7% of External Reserves into Yuan

The Central Bank of Nigeria (CBN) Tuesday revealed plans to increase the Chinese Yuan’s proportion of the country’s external reserves from two percent to...

SEC to probe N5.2b shares fraud at MTI

•Investors allege directors fritter N275m as severance pay Securities and Exchange Commission (SEC) is set to investigate allegations of massive financial and securities fraud at...

Waivers Fraud : Punch Newspaper Rips Okonjo-Iweala’s TEDxEuston London Speech

What do you do when you find yourself in a slimy hole?  Wisdom dictates that you stop digging. But for Ngozi Okonjo-Iweala, Finance Minister...

CBN moves to prevent naira’s further fall, removes $250k weekly sales limit on BDC

The Central Bank of Nigeria has removed the $250,000 weekly foreign exchange sales limit placed on bureaux de change operators in the country, according to the...

Dangote to revive local rice production with N50b

Nigeria’s foremost conglomerate, Dangote Industries Limited, will invest $300 million (N50 billion) in local rice production to make the country self-sufficient and stop importation...

NNPC Must Account For Missing $10.8bn – TAPAN

The minister finance, Ngozi  Okonjo- Iweala,  must ensure that the Nigerian National Petroleum Corporation (NNPC)  accounts for the alleged missing $10.2 billion. This is the...

My successor’s main challenge’ll be CBN’s independence, says Sanusi

The Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi has said the major challenge his successor will face is that of maintaining the...

Nigeria’s cement industry attracts $8billion new investments

 ...new textile policy out soon   Nigeria’s cement industry has attracted additional investment worth $8 billion, driven largely by the implementation of the Federal Government’s Backward...

Home Made Nigeria Cars For N1.2m

The National Automotive Council (NAC) says Nigerians would soon be able to purchase brand new made in Nigeria cars for as low as N1.2...

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