News

Elumelu Shares Africapitalism Philosophy In North Africa Calls On African Leaders To Create Youth Business Champions, Not Martyrs Fifteen delegations representing the United Nations and several countries, including Germany, Canada, France, Qatar and Algeria took part in the Tunisian government’s International Investment Conference dubbed “Tunisia 2020.” In the last 5 years the Tunisian economy has struggled following a democratic uprising …

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Ngozi Okonjo-Iweala Receives The 2016 Global Fairness Award Former minister of finance, Dr. Ngozi Okonjo-Iweala has been honored with the Global Fairness Award in Washington DC, United States. The award was presented to her by the Global Fairness Initiative in recognition of her contribution to sustainable development, through serving others, and her consistent focus on implementing development programs that benefit …

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President Muhammadu Buhari congratulates the Nigeria’s Super Falcons on their victory over the senior female football team of Cameroon on Saturday at the final game of the women’s Africa Cup of Nations in Yaounde. The President, who described the hard-earned victory over the Indomitable Lionesses as “very sweet and well-deserved,” particularly commends the Nigerian women for their “indomitable spirit, resilience …

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State Government Submitts Claims For Reimbursement Over-Deductions On Paris Club Loans State Governments have submitted to the Federal Government (FG), claims of over-deductions for external debt service arising between 1995 and 2002 as a result of First Line Charge deductions from the Federation Account Allocation Committee (FAAC) allocations. These debt service deductions are in respect of the Paris Club, London …

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UBA, AfDB sign $150m Loan Agreement The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) have signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises as well as …

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  U.S. Ambassador W. Stuart Symington Presents Credentials to President Buhari U.S. Ambassador to the Federal Republic of Nigeria Honorable W. Stuart Symington presented his credentials to His Excellency, President Muhammadu Buhari today at a brief ceremony at the Presidential Villa in Abuja. He was accompanied by Mrs. Symington, Deputy Chief of Mission David J. Young, USAID Mission Director Michael …

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FG audits 33 agencies, uncovers N450 bn unremitted revenue The Federal Government is set to recover about N450 billion operating surpluses that were not returned by 33 agencies from 2010 to 2015. According to agency report, the Minister of Finance, Kemi Adeousun, made the announcement on Thursday in Abuja at a news conference. She said that an audit had been …

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Power generation drops to 3,321mw The nation’s power generation capacity has dropped from 4,285 megawatts recorded on September 16 to 3,321 megawatts on December 1 due to dearth of gas, the News Agency of Nigeria (NAN) reports. NAN reports that this figure was obtained frokm the website of Nigerian Electricity System Operator on Thursday. The Transmission Company of Nigeria (TCN), …

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Lagos targets 10,000 units of street lights in 2017, laments inadequate gas supply  The Lagos State Government is to deploy not less than 10,000 units of street lights before the end of February 2017. Already, the State Government had deployed 36,000 units under its light up Lagos initiative, bringing the total units to 46,000. Speaking in Lagos on Wednesday at the 2016 …

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