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Nigerian Senate calls for Removal, Prosecution of SGF Babachir Lawal

The Senate has asked President Muhammadu Buhari to suspend and ensure prosecution of the Secretary to the Government of the Federation, Babachir Lawal, over alleged breach of Nigeria’s law in handling contracts awarded by the Presidential Initiative for the North East, PINE. The Senate’s resolution...

Economic Confidential is ‘Magazine of the Year 2016’

The Economic Confidential Magazine and its 247 online edition published by Image Merchants Promotion Limited (IMPR) has, in Abuja, emerged “Nigeria’s Magazine of the Year 2016” for its incisive, in-depth and effective reportage of Nigeria’s economy spanning a decade. The Awards, instituted by the Abuja...

EFCC Probes Payment of Allowances to University’s Workers

The Economic and Financial Crimes Commission has summoned the acting Vice-Chancellor of the Obafemi Awolowo University, Ile-Ife, Prof. Anthony Elujoba, and Bursar, Mrs. Aderonke Akeredolu, over the payment of an ‘unapproved’ hazard allowances to the institution’s workers. The allowances paid to the academic and non-academic...

FG Launches N13bn Civil Servants Mortgage Loan Refinancing Scheme

As part of efforts by the present administration to check housing deficit, the Federal government has launched the N13 Billion Federal Civil Servants Mortgage Refinancing Scheme by the Nigeria Mortgage Refinance Company Plc (NMRC). Finance Minister, Kemi Adeosun at the occasion said it was in...

We Won’t Consider 2017 Budget Until MTEF is Passed – Senate

The Senate has said even though President Muhammadu Buhari will present the 2017 Appropriation Bill to the National Assembly next Wednesday, it will not consider the bill until the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper it is currently working on is...

Senate Proposes N1.4tr for Constituency Projects

A bill seeking to set aside 20 percent of the country’s annual budget for constituency projects scaled through second reading at the Senate. If the bill becomes law, the constituency projects will get at least N1.4 trillion out of the 7.3trillion 2017 budget estimates to...