Politics

‘Suspend policy on vehicle importation ban through land borders’ The House of Representatives has advised President Muhammadu Buhari to direct Nigeria Customs Service (NCS) to suspend recent policy banning the importation of vehicles through the nation’s land borders. In its resolution on Thursday, the lawmakers explained that more security personnel should be deployed to the borders, adding that the policy …

Read More »

FG Information App For Launch December 15 The Minister of Information and Culture, Alhaji Lai Mohammed, has announced that the Federal Government Information App (FGIAPP) will be launched in Abuja on 15 Dec. 2016, as part of efforts to enhance the dissemination of government activities. The Minister made the announcement in Abuja on Thursday at a meeting with Resident Information Officers (RIOs) from Ministries, …

Read More »

President Muhammadu Buhari FG not turning to IMF for loan The Ministry of Budget and National Planning has explained that the Federal Government is not looking to source any loan from the International Monetary Fund (IMF), as reported by a national newspaper on Friday. Advertisement While briefing a French delegation that visited him in Abuja on Thursday, on what the …

Read More »

FG borrowing to fund targeted infrastructure projects – Udoma As international Development Partners explore areas of support to help Nigeria grow a sustainable economy, Budget and Planning Minister, Senator Udoma Udo Udoma, has re-emphasized that Nigeria’s borrowings are solely to fund infrastructure projects. Briefing the Assistant Secretary for Multilateral Affairs of the Trade and Policy Department at the French Treasury, …

Read More »

CBN Reads Riot Act To Banks Over Intervention Funds The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest on intervention funds guaranteed by the apex bank. Mr. Emefiele who gave the warning in Abeokuta, Ogun state, during an interaction between the Presidential Task Force on Agricultural …

Read More »

Nigeria loses $200b investments Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says Nigeria has lost 200 billion dollars of investments due to its inability to legislate the proposed reform in oil and gas. PENGASSAN said this in a position paper sent to the Chairman and members of the Senate Joint Committee in the Petroleum Industry Governance Bill …

Read More »

   Udoma briefs National Assembly on Economic Plan …Assures new plan will not end up on the shelf The National Assembly has been asked to join forces with the Executive and ensure that the National Economic Recovery and Growth Plan (NERGP) does not end up as another beautifully bound document meanseseleseselet for the shelves. Budget and National Planning Minister, Senator …

Read More »

Wema Bank opens new branch in Abuja Wema Bank Plc has announced the opening of a new branch in Abuja as part of its strategic expansion following a national licence granted the bank by the Central Bank of Nigeria in 2015. The lender, in a statement on Wednesday, said the new branch would strengthen its business in the Federal Capital …

Read More »

Citigroup, others to issue Nigeria’s $1b Eurobond in 2017 The Federal Executive Council (FEC) has approved the appointment of transaction parties for the one billion dollars Eurobond to be issued in January, 2017. Speaking after the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Finance Mrs Kemi Adeosun identified the transaction parties as Citigroup, Standard Chartered Bank, Stanbic IBTC, …

Read More »

MMM will lead to losses, Access bank warns customers Access Bank Nigeria Plc has warned its customers to avoid dealing with Mavrodi Mondial Movement, a Ponzi scheme, which has been declared illegal by the Central Bank of Nigeria and the Securities and Exchange Commission. The bank in an emailed statement to its customers said it had come to its attention …

Read More »