Tag Archives: FG

The Minister of Finance, Mrs. Kemi Adeosun, has said her ministry is working with the National Pension Commission to recover the pensions so far paid into the Retirement Savings Accounts of ghost workers. She said since the establishment of the Presidential Initiative on Continuous Audit in March last year, about 53,000 ghost workers had so far been removed from the …

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The Federal Nigeria and the World Bank Group are to meet this week in Washington D.C., United State (U.S.) to discuss and possibly conclude operational terms on the power sector recovery plan. Power, Works & Housing Minister Babatunde Fashola is billed to lead key officials in his ministry and that of the Office of the Vice President to the meeting …

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The‎ Federal Government says it is seriously exploring the local production of passport booklets as part of plans to save cost and ease the lingering scarcity of the document. ‎ Spokesperson for the Nigeria Immigration Service, Mr. Sunday James, disclosed this in an interview with the News Agency of Nigeria on Thursday in Abuja. NAN reports that the passport booklet is presently …

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Nigeria’s Vice President, Professor Yemi Osinbajo, has presented Aso Villa Demo Day (AVDD) Grant worth N756 million to 81 young innovators to grow and expand their enterprises. Speaking at the grant award ceremony held in Abuja yesterday, Professor Osinbajo said the 81 innovators awarded the grants were expected to bring change to entrepreneurship in the country through the use of …

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The Federal Government has disclosed plans to leverage on tunnelling technology to address the problem of population explosion and transportation in urban centres. The Minster of Transportation, Mr. Rotimi Amaechi, made this known at the first Nigeria International Tunnelling and Underground Space Conference organised by the Tunnelling Association of Nigeria in Lagos on Thursday. According to the minister, who was …

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Japanese companies are invited to take advantage of the various business opportunities that will be presented by the Special Economic Zones being established in various parts of the country. The zones which will serve as manufacturing hubs will have the necessary infrastructural facilities to support the country’s industrialization drive. Budget and National Planning Minister, Senator Udoma Udo Udoma, told the …

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President Muhammadu Buhari has approved the payment of the outstanding N22 billion that is meant for dealers of agricultural inputs, popularly known as agro-dealers, in order to ensure the seamless distribution of fertilisers at an approved rate of N5,500 for 50kg. Earlier this year, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, announced that the Federal Government was …

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The Federal Government has urged the Nigerian Senate to approve$500 million Eurobond to fund the 2016 Budget deficit. In a letter to the Senate read by president of the Senate,Bukola Saraki, Vice President Yemi Osinbajo explained that the request wasbased on the 2016 appropriation, which provided for new borrowings. Part of the letter read:  “The Senate may wish to refer …

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From Left: Kobby Bentsi-Enchill, Executive Director, Stanbic IBTC Capital; Monday Usaide, Head, Market Development Department, Debt Management Office (DMO); Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Abraham Nwankwo, Director General, DMO; Oladele Afolabi, Director, Portfolio Management Department, DMO; Funmi Ogunlesi , Executive Director, Public Sector Group, Citi ; Abdulkadir Haruna, Team Leader, Market Planning, …

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The Federal Government raised N310.14 billion ($985 million) at an auction of treasury bills on Wednesday at yields lower than the inflation rate, the central bank said on Thursday. The apex bank sold N222billion of one-year treasury bills at a yield of 18.49 percent, lower than inflation at 18.72 percent and compared with 18.44 percent at a previous auction. A …

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