HomePage - TimeLine Layout

8 December

FG borrowing to fund targeted infrastructure projects – Udoma

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, …

8 December

Music Week Africa Forum at the Exchange…Pix

8 December

CBN Reads Riot Act To Banks Over Intervention Funds

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 …

8 December

Nigeria loses $200b investments

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 …

8 December

10 officials in soup for allegedly raping female IDPs

Two policemen, three Soldiers, one prison official, one Air Force personnel, a staff of Borno Ministry for Agriculture and two members of the Civilian JTF are now cooling off in detention for allegedly abusing female IDPs. According to the News Agency of Nigeria, the Human Rights Watch in its report, had accused the Police, Nigerian Army, vigilante groups …

8 December

Restoring oil production output our immediate priority – Udoma

Restoring oil production output our immediate priority – Udoma The Minister of Budget and National Planning, Senator Udoma Udo Udoma, says Nigeria’s immediate priority is to get oil production output back to the desired level to secure revenue needed to diversify the economy. Senator Udoma told the United Nations Development Programme (UNDP) Regional Director for Africa, Mr Abdoulaye Mar Deiye, in …

8 December

Udoma briefs National Assembly on Economic Plan …Assures new plan will not end up on the shelf

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 …

8 December

Wema Bank opens new branch in Abuja

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 …

8 December

Former First Lady, Mrs. Jonathan petitions House of Reps

Nigeria’s House of Representatives yesterday, received a petition from the former First Lady, Mrs Patience Jonathan, against the Economic and Financial Crimes Commission (EFCC). According to the News Agency of Nigeria (NAN), the petition presented to the House by Rep. Lovette Idisi, (PDP-Delta), had the Mrs. Jonathan alleging that she was being “incessantly harassed” by the EFCC. In his comment, …

8 December

Buhari swears in six INEC commissioners

President Muhammadu Buhari on yesterday swore in six Commissioners of the Independent National Electoral Commission (INEC). The INEC Commissioners include AVM Ahmed Tijani Mu’Azu from Gombe representing N-E; Mohammed Kudu Haruna, Niger representing N-C; and Mr. Abubakar Ahmed Nahuche, from Zamfara representing, North west. Others include Prof. Okechukwu Obinna Ibeanu from Anambra representing, South East; Mr. May I. …