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Saturday, November 18, 2017

Reps Investigates N8.6bn SIWES Fund Under ITF

… Demand reconstitution of SEC board The House of Representatives Committee on Industry has commenced investigation into the alleged mismanagement of N8.6 billion Students Industrial...
Buhari

$5.5bn Borrowing: FG To Meet Global Investors In US Friday

•Eurobonds account for 20% of Nigeria’s $15.35bn foreign debt The Federal Government is set to meet global debt investors this week as it looks to...
Buhari

FG To Generate N311bn From Asset Sale, Privatisation

The Federal Government is aiming to generate of N311bn from privatisation of public properties and the sale of national assets next year to partly...
Kemi Adeosun Finance Minister

FG Seeks $500m World Bank Loan

The Ministry of Finance has said that the $500 million loan it seeks the Senate’s approval to access will be used in empowering the...

New Airport Terminals Require $500m Extra To Correct Defects

About $500 million (N152.5 billion) extra is required to fix design anomalies in the on-going airport terminal buildings in four locations in the country...

Power Distributors To Pay Interest On N120bn Debt

Power distribution companies are going to start paying interest on the debt they owe the electricity Market Operator since the commencement of the Transitional...

FG Retrieves $64m Electricity Debt

MINISTER of Power, Works and Housing, Babatunde Fashola, has revealed how the Federal Government recovered $64,630,065 electricity debt from the Republic of Niger and...

Failed Banks: NDIC Pays N100b To Depositors

•Corporation reiterates dangers of trading in Bitcoin The Nigerian Deposit Insurance Corporation (NDIC) said it has paid more than N100 billion to depositors of liquidated...

N700m Spent On IT Infrastructure- Mines Ministry

The Ministry of Mines and Steel Development has denied spending N700m on the acquisition of a web portal. In a statement issued by the Permanent...
Buhari

Nigeria Makes N212.73bn From Agricultural Exports In 2016

Nigeria realised N212.73 billion from agricultural product exports at the end of the fourth quarter of 2016. The was disclosed in excerpts of a...

‘External Reserves To Hit $40bn In 2018’ – Emefiele

As the external reserves inched up to $34.3 billion last week, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has...
CBN Governor

7m Jobs Created By CBN’s Interventions

The Central Bank of Nigeria (CBN), has scored itself high in promoting inclusive growth and sustainable development as its intervention programmes have created over...

Yobe Approves N1.2 Billion for Agric, Health and Energy Projects

The Yobe State government has approved a total of N1, 198, 975, 318.00 for the execution of various projects in agriculture, healthcare, and rural...

2018 budget: PENGASSAN warns against oil, gas assets’ sale

The Petroleum and Natural Gas Senior Staff Association of Nigeria has cautioned the Federal Government against selling profitable oil and gas assets as scrap...

NNPC Loses N18.56bn To Sabotage In One Month

The Nigerian National Petroleum Corporation, NNPC, has lost a total sum of N18.56billion monthly as indicated in a latest report from the corporation. In  its...
Buhari

Buhari submits 2018 budget to N’Assembly

President Muhammadu Buhari will present the 2018 Appropriation Bill to a joint session of the National Assembly. The Federal Government plans to spend about N8.6tn...

Our Strategy Will Mitigate Debt Service Risk – FG

Finance Minister,  Mrs. Kemi Adeosun, has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk...

Investment Inflow Into Africa To Reach $75bn – Osinbajo

Vice-President Yemi Osinbajo described the continent of Africa as a land of immense opportunities, noting that Foreign Direct Investment inflow into the region was...

FG To Curb Physical Movement Of Dollars

The Federal Government is making plans to set strict border controls on the physical movement of dollars and other foreign currencies. This is expected to...

Reps Probe FG, States Over Non-Remittance To Insurance Fund

The House of Representatives has begun investigation of the non-remittance of billions of naira by the federal, state and local governments into the Nigerian...

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