Owerri Community Celebrates Ex-Falcons Keeper, Chiejine, Others
Ann Chiejina, Nigeria’s foremost female goalkeeper, led the pack of distinguished awardees at the maiden edition of the Umunahu Community Development Union, Lagos chapter last weekend when she was honoured with the Excellent Leadership Award by the community where she hails from, in Owerri North Local Government Area of Imo State. Organisers of the…
FG Suspends SEC DG
The federal government has suspended the Director-General of the Securities and Exchange Commission, SEC, Mounir Gwarzo, from office, to allow for an unhindered investigation of several allegations of financial impropriety leveled against him. Patricia Deworitshe, Deputy Director, Ministry of Finance in a statement issued on Wednesday, said the suspension was in line with the…
Nigeria Floats US$3bn Dual-Tranche Bond to Fund 2018 Budget
Following the presentation of the N8.6 trillion 2018 Budget to the the National Assembly two weeks ago, the Federal Government on Monday announced that it has priced its offering of US$3 billion aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note programme (increased from US$1.5 billion). The Ministry of…
Why FG Delays Payment of Whistleblower
The Federal Government has given reasons for the delay in fulfilling its obligation to the Whistleblower, who provided the tips that led to the recovery of funds stashed away in a property in Ikoyi, Lagos earlier this year. Finance Minister, Kemi Adeosun while giving reasons for the delay in payment, explained that the Ministry…
FG Approves Tax Relief For Private Sector To Aid Road Infrastructure Development
As part of efforts to unlock socio-economic development, facilitate investment and achieve inclusive economic growth, the Federal Executive Council on Thursday approved a tax relief scheme to attract private sector investors in the provision of federal road infrastructure across the country. This follows a Memorandum for the setting up of a Road Trust Fund, RTF,…
Invest In Our People, Elumelu Tells Africans
Founder of the Tony Elumelu Foundation, TEF, and chairman of United Bank for Africa, UBA, Tony Elumelu has declared that the most sustainable investment anyone can make in Africa today is investment in its people. At the 2017, TEF, African Journalism Fellowship, a segment of the 3rd annual TEF Entrepreneurship Forum held October 13…
Nigeria, Japan In Crucial Talk On Power, Infrastructure Projects
The federal government of Nigeria has opened bilateral discussions with Japan International Cooperation Agency (JICA) for power and infrastructure development as well as some pipeline projects. Finance Minister, Kemi Adeosun led the Nigerian delegation to the talks while the Senior Vice President of JICA, Hiroshi Kato, led the JICA delegation. A statement issued by the…
Renewable Energy: World Bank, IMF To Rescue Nigeria
Nigeria’s finance minister, Kemi Adeosun, has called on the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver infrastructure development and meet global climate goals. Adeosun presented the country’s position on renewable energy and regional integration at the G24 Finance…
World Bank Meeting: Nigeria Wins Youth Development Initiative
Nigeria has for the second successive year, been declared winner of the Ideas for Action initiative, a youth competition on financing for development, which is yearly organised by the World Bank Group in collaboration with the Zicklin Center for Business Ethics Research. Reports from Washington, venue of the annual meetings of World Bank…
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