By Mayowa Okekale, Abuja Federal Lawmakers have mandated the leadership of the Senate to liaise with President Muhammadu Buhari to urgently intervene in the provision of a bailout fund for the payment of pensioners. This followed a petition submitted by a lawmaker representing Bayelsa Central, Senator Emmanuel Paulker, during the plenary on Tuesday over the […]
The Central Bank of Nigeria (CBN) has directed all banks in the country to immediately begin sale of forex for BTA, PTA, Tuition and Medical fees to customers at not more than N360 per dollar. CBN Acting Director, Corporate Communications Department, Isaac Okorafor, confirmed this Monday morning in Abiuja. He said: “CBN will sell to […]
Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday concluded transactions on the sum of $100 million earlier offered at the interbank market to meet customers’ demands, out of which authorised dealers were only able to pick $81.347 million after an initial bid for $91 million. Commenting on the offer, the […]
The Nigerian National Petroleum Corporation (NNPC) has commended Taleveras, one of Nigeria’s oil companies, for its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement. Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, made the commendation on Friday in Abuja while revealing NNPC’s strategies to […]
The Ministry of Finance, says it has so far received 2,351 tips from whistleblowers bordering on cases of embezzlement of government funds, looting of assets and contract inflation, among others. In a statement signed by Mr Festus Akanbi, the Special Adviser, Media to the Minister of Finance, Mrs Kemi Adeosun, said last night in a […]
The Federal Government on Thursday flagged off its 8th Graduates Farmers Youth Empowerment Scheme in Illah/Ebu community of Delta State. The Illah/Ebu Centre Pivot Irrigation system (CIPS) was also commissioned by the Minister of Water Resources, Engr. Suleiman H. Adamu. “The Scheme will be a continuous one engaging carefully selected participants in batches of 50 […]
Gov. Akinwunmi Ambode of Lagos State on Friday said that the state would fulfill its outstanding counterpart funding of 15.01million dollars to the Lekki Free Trade Zone (LFTZ) to improve infrastructure and boost development there. Ambode said this during an assessment tour of the zone. “We will accelerate a quick clear of our outstanding counterpart […]
Frontline risk consultancy group Allianz has received the ‘International Corporation of the Year’ award for the year 2017. It was bestowed with the honour at the 5th annual Africa CEO Forum held in Geneva, Switzerland, on March 20-21. Coenraad Vrolijk, Regional CEO Africa at Allianz, said: “We are so honoured that Allianz’ commitment to Africa […]
Minister of Federal Capital Territory (FCT), Malam Muhammad Musa Bello, has promised to make Abuja one of the greenest cities in the world and among the tops in the ease of doing business. Bello made this commitment yesterday when the delegation of Abuja Business Forum (ABF) led by Arch. Tunde Imolehin paid him a courtesy […]
Managing Director of the Nigerian Ports Authority (NPA), Mrs. Hadiza Bala Usman, has vowed not to bow on her stance to rid the NPA of corrupt practices. She also said she will not be cowed or intimidated into conforming to corrupt practices of cheating the Federal Government of its revenues. In a statement she issued […]