The International Monetary Fund has canvassed the need for the Nigerian Government to prioritise structural reforms and growth-friendly fiscal consolidation in view of the increasing non-oil revenue accruals in order to stabilize the nation’s economy. The IMF Senior resident representative in Nigeria, Dr Amine Mati, made this position known at the September breakfast edition of […]
The Airline Operators of Nigeria (AON), has commended the Federal Government over its decision to suspend the Nigeria Air project in view of the fiscal realities and the capital intensive nature of the project. The association’s Chairman, Capt. Nogie Meggison, on Thursday said that the decision by the Federal Executive Council (FEC) aligned with the […]
The Nigerian National Petroleum Corporation (NNPC) has confirmed that its funding arrangements on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will soon be concluded. The corporation’s Group Managing Director, Dr. Maikanti Baru, gave this hint on Tuesday in his speech at the Nigerian Day during the 30th edition of Gas Technology Conference in Barcelona, Spain. Specifically, […]
The Auditor-General for the Federation (AuGF), Anthony Mkpe Ayine, has expressed the readiness of his office to support the National Park Service (NPS) in fulfilling its mandate of preserving, enhancing, protecting and managing vegetation and wild animals in the national parks nationwide. He gave the assurance on Wednesday when a three-man delegation from the National […]
The Federal Government is expected to rake in about N6 billion from the concession of 20 silos in different parts of the country to private sector operators. The Minister of Agriculture and Rural Development, Audu Ogbeh, disclosed this to State House correspondents in Abuja after Wednesday’s Federal Executive Council (FEC) meeting, saying that the decision […]
The Debt Management Office, DMO, on Wednesday debunked insinuations that interest rates on Treasury Bills were usually pre-determined by government before they are offered for buyers In a statement issued to clarify some misgivings about the issue, the Office pointed out that different bidders usually attend the market with different rates, using the rates obtainable […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, on Tuesday said that the sale of 21 percent shares of the Federal Government in the Nigerian Security Printing and Minting Company (NSPMC) Plc to the Central Bank of Nigeria (CBN) would rake in over N17 billion to the national treasury. Okoh was quoted in a […]
The African Development Bank, with some global development partners, on Tuesday disclosed that the sum of $1 billion had been secured to support investment in infrastructure development in Africa. The AfDB and its supporting partners in the multi-level securitization finance, include the European Commission, Mariner Investment Group, LLC, Africa50 and Mizuho International Plc. The continental […]
The Federal Government on Tuesday said that about 10.07 million Nigerians had been socio-economically reached through the ongoing Social Investment Programmes (SIP) component of the Economic Recovery and Growth Plan (ERGP). Giving this figure at a media briefing held in his ministry on the activities lined up for the upcoming 24th Nigerian Economic Summit (NES), […]
The Foreign Affairs, Regional Integration and International Trade Minister of Mauritius, Seetanah Lutchmeenaraido, has restated the need for improved integration of trade across the Sub-Sahara Africa governments as a strategic option of bringing inclusive development to their people. The minister gave the advice on Tuesday in Mauritius at the opening session of the 24th Session […]