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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...
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...

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...

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...
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...

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...
CBN Governor

CBN Targets 80% Financial Inclusion By 2020

The Central Bank of Nigeria (CBN) has assured Nigerians that it would work aggressively towards increasing financial inclusion rate to 80 per cent, by...
cbn

CBN Infuses $195m Into Forex Market

The Central Bank of Nigeria (CBN), has injected another $195 million into the interbank foreign exchange market. The central bank offered the sum of $100...

$150bn Needed For Africa’s Total Infrastructure Investment Yearly

Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah has revealed that World Bank estimates that Africa’s total infrastructure investment requirements at $120-150 billion...

Not Up To 15 million Nigerians Pay Tax – FIRS

The Federal Inland Revenue Service said in Abuja that less than 15 million Nigerians are paying taxes. The Chairman, Joint Tax Board, Mr. Babatunde Fowler,...

AFDB Revokes $400m Loan To Nigeria

The African Development Bank has canceled a loan to Nigeria that would have helped financed the country’s budget, the Vice-President for Power, Energy, Climate...

Why Food Prices Remain High Despite Farming Galore

Lack of mechanised farming equipment, easy access to fertiliser, reliable produce marketing outlets and failure to effectively tackle farmers/herders clashes are among major reasons...

Recoveries From Whistle-Blower Policy Beat Our Expectations – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun has said that the recoveries, which the Federal Government had made through the implementation of the whistle-blower...
AGF Ahmed Idris FAAC

FG, States And Lgc’s Share N558.082 Billion As Revenue For The Month Of September...

The sum of  N558.082 has been shared as FACC allocation among the Federal, States and Local Government Councils  for  the month of September  2017. The...

Crude Oil Price climbs To $59 Per Barrel

Crude oil price rose towards $59 per barrel wednesday to sustain Tuesday’s rallies where it gained one per cent after the Saudi Energy Minister,...

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