The Federal Government has said henceforth, all contractors, Consultant and Service Providers, who intend to do business with it, must be registered with the Bureau for Public Procurement (BPP), as failure to do so automatically bars them from transacting business with government. This is in line with a new policy released by the Bureau, stating…
Jonathan Sacks Gulak
President Goodluck Jonathan has terminated the appointment of his special adviser (Political), Ahmed. A. Gulak. Reuben Abati, senior special adviser to the president on media and publicity, made this known in a series of tweets he posted on his twitter handle. Abati said the president “thanks Gulak for his services to the present administration and…
Federal Government Invests N100bn in North East
President Goodluck Jonathan, yesterday, performed the ground-breaking of the N100bn expansion project for Ashaka Cement’s new 2.5million metric-tonne capacity cement production line in Gombe, North East Nigeria. The project, which will be completed within three years, will increase the company’s current production capacity of over one million metric tonnes to about four million metric tonnes…
Jonathan Hosts Meeting On Security
The meeting called by President Goodluck Jonathan on the state of insecurity in Nigeria has taken off in Aso Rock villa, Abuja. It is a crucial meeting expected to discuss the way out of the current security crisis in the country. The meeting was called following the spate of attacks by the dreaded Boko Haram…
Federal Government Appoints Emefiele As CBN Governor
Godwin Emefiele, the chief executive officer, Zenith Bank Plc, has been appointed as substantive Governor of the Central Bank of Nigeria, CBN. He replaces Sahusi Lamido Sanusi, who was suspended this morning by President Goodluck Jonathan. Bayo Adelabu, executive director, First Bank Plc has also been named deputy governor, replacing Tunde Lemo. The names of the…
‘Our Budgets Service the Bureaucracy’ – Babafemi Ojudu
– Babafemi Ojudu, vice chairman, Senate Committee on Establishment and Public Service Looking at the 2014 budget proposal, it is more than 75 per cent recurrent and less than 25 per cent capital. What does it say about this country and our budgeting process? I think it says more than we are even aware of.…
Budget on the Altar of Politics
Despite public outcry on the need to cut the cost of governance, the executive and the legislature continue to encourage corruption through padding of national budgets It is not so difficult to see that the split in the ruling Peoples Democratic Party, PDP, and the gale of defections in the National Assembly, NASS, are the…
Jonathan sacks Oduah, three others
President Goodluck Jonathan on Wednesday finally sacked the embattled Stella Oduah, Minister of Aviation, Others ministers that equally received the president’s boot are Caleb Olubolade, minister of Police Affairs; Godsday Orubebe, minister of Niger Delta and Yerima Ngama, minister of State for Finance. Whereas it is not yet clear why president Jonathan sent the…
CBN Removes Forex Limit
The Central Bank of Nigeria, CBN, has authorised the removal of the $250,000 weekly foreign exchange sales limit placed on bureaux de change, BDC, operators in the country. The announcement came a week after Lamido Sanusi, CBN governor, vowed to address the widening gap between the naira-dollar exchange rates in the official market and parallel…
FG Attracts Investors to the Power Sector
To facilitate the financing of power infrastructural development in Nigeria, the President Goodluck Jonathan-led administration is inviting both prospective investors and financiers to an international conference on February 10, 2014 at the state house Banquet hall, Abuja. The event is expected to facilitate interaction between new investors and local and international financial institutions to explore…
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