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FG, South Africa to Sign Agreement on Post Bank, Agriculture—Consul-General

Nigeria`s Consul General in South Africa, Amb. Uche Ajulu-Okeke, said that Nigeria and South Africa are planning to sign an agreement on a post bank and agriculture. Ajulu-Okeke who spoke  in Johannesburg that the Federal Government was exploring an opportunity through a private consortium to...

NEXIM Bank Appointed as FG’s Managing Agent

The Nigerian Export-Import Bank (NEXIM) has been appointed by the Federal Government of Nigeria as managing agent of the newly introduced Export Stimulation and Export Rediscounting and Refinancing facilities to support the dwindling export market and boost the country’s revenues and foreign exchange earnings. In...

FG, North South Power Company Collaborate on Hydro Power

The Federal Government is partnering the North South Power Company Ltd., in the development of existing dams for power generation. The Minister of Water Resources, Mr Suleiman Adamu said this when board members of the company led by their chairman paid him a courtesy visit...

FG, Niger Delta Militants Agree to 30-day Ceasefire

...Truce gives Buhari time to come up with plan for region The federal government and militant groups in the Niger Delta, including the Niger Delta Avengers (NDA), which has claimed responsibility for a series of attacks on oil and gas installations in recent months, have...

FG Shuts NERFUND, Workers on Indefinite Leave

The operations of the National Economic Reconstruction Fund (NERFUND) has been shut down by the Federal Government due to several crises which has affected the smooth running of the agency. In a notice signed by the Permanent Secretary of the Finance Ministry Dr. Mahmood Isa-Dutse,...

FG Bars States From Bank Loans

The Federal Government has barred banks in the country from giving loans to state governments. The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to by the Federal Government’s economic team and state governors, to ensure prudent management...