Home Topics Finance

Finance

Primate admonishes Christians to shun wrangling

Most Reverend Nicholas Okoh, Archbishop Metropolitan and Primate of All Nigerian Anglican Communion, has dedicated St. Stephen’s Anglican Cathedral in Umuahia, Abia State, capital advising Christians to shun wrangling in the house of God.
Seated with the NDDC Acting Managing Director, Gbene Joi Nunieh, during the visit were the Acting Executive Director, Finance and Administration, Chief Ibanga Bassey Etang and the Acting Executive Director, Projects, Dr. Cairo Ojougboh.

NDDC: Ex-agitators, stakeholders pass vote of confidence on new management

Some stakeholders in the Niger Delta region have passed a vote of confidence on the three-man Interim Management Committee approved by President Muhammadu Buhari to oversee the affairs of the Niger Delta Development Commission, NDDC.

NPA boss pledges effective service delivery in ports

The Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala-Usman, has given an assurance of the agency’s determination to ensure effective service delivery in all Nigerian ports.
Senate President Ahmed Lawan

Anambra: Senate sends delegation to condole tanker fire victims

The Senate on Thursday resolved to send a delegation to commiserate with the victims and people of Anambra State over the recent tanker fire incident which claimed scores of lives. The upper chamber while reacting to the incident through a motion considered on the floor, urged the Federal Government through the Nigeria Fire Service to provide firefighting equipment in all major markets across the country. One of the sponsors of the motion, Senator Stella Oduah (PDP, Anambra North) lamented the incident which claimed many lives, especially that of a woman and her child after 16 years of childlessness. The lawmaker noted that between 2015 and 2018, fuel tanker infernos and accidents caused by vehicles have led to many deaths on Nigeria’s highway. Oduah recalled that in July this year, a motion on similar incident sponsored by Senator Orker-Jev Emmanuel Yisa (PDP, Benue North West) claimed many lives and destroyed property worth millions of naira. She called for strict enforcement of traffic safety rules by the Federal Road Safety Corps (FRSC), the Nigerian Police Force (NPF) and all relevant security agencies in order to ensure safer roads across the country. Accordingly, the Senate urged the NPF to work in conjunction with the FRSC to carry out a thorough investigation of the circumstances leading to the fuel tanker fire, with a view to prosecuting anyone found culpable. Meanwhile, the upper chamber on Thursday directed its Committees on Navy, Marine Transport and Finance to investigate the activities of Messrs OMSL limited and other security agencies at the Safe Anchorage Area in the Lagos Ports to determine the legality of their operations and revenue implications. The resolution was reached sequel to the consideration of a motion titled: “Illegal security activity by Messrs OMSL Limited at the Safe Anchorage Area of Lagos Ports and the need to investigate their excesses”. Sponsor of the motion, Senator George Thompson Sekibo (PDP, Rivers East), said that “a security company registered in the name of OMSL limited has since 2014 carried out provision of security of the Lagos Ports Safe Anchorage Area on fees from vessels without regard to the Nigerian Ports Authority. The lawmaker disclosed that “OMSL Limited charged every ship that anchored within the Safe Area $2,500 on the first day of anchorage and $1,500 on every subsequent day for the period any ship stayed at the anchorage area.” According to Sekibo, “it takes between 28 to 30 days for ships that anchor at the Safe Anchorage Area to exit, meaning that every ship pays as much as $46,500 for making use of the Anchorage Area within that period.” He added that, “OMSL in connivance with other security agencies are collecting a whooping sum of $133.28 million or N47.98 billion every year from 2014, meaning that over $733.04 or N263.89 billion have been collected by OMSL and its collaborators.” The lawmaker noted that by virtue of the Ports Act (1954), the Anchorage Area is an integral part of NPA statutory responsibility while NIMASA, Marine Police and Nigerian Navy have the sole responsibility to ensure safe and secure Nigeria territorial waters.
Senate President Ahmad Lawan presiding over the second plenary of the 9th Senate having been inaugurated on Tuesday, the 11th Of June, 20197

Senate confirms 15 NDDC nominees, rejects one

The Senate has confirmed 15 nominees for the board of the Niger Delta Development Commission (NDDC) and withheld confirmation of one.

Official: Serving senator handling 300 NDDC projects

A serving senator is single-handedly handling about 300 contracts for the Niger Delta Development Commission (NDDC), an official was quoted as saying.
Governor of Lagos State, Mr. Babajide Sanwo-Olu, has promised the support of his administration for creative industry with a view to making the sector achieve a sustainable economic status. 4

Lagos governor appoints new accountant general

Governor Babajide Sanwo-Olu of Lagos State, Monday, swore in Dr. Shefiu Abiodun Muritala as new Accountant General of Lagos State. Sanwo-Olu swore in the Accountant General at an event held at the State House...
Closed Nigerian border without any activity

Federal government gives conditions for reopening borders

This is even as the Nigeria Customs Service said the nation’s borders may open before the January 2020 date if an agreement is reached before the date.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Central bank governor to appear before Senate committee today

The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday (today).
Nasarawa State Governor, Abdullahi A. Sule

Nasarawa governor swears in NUJ chairman, others as commissioners

The chairman, NUJ Nasarawa state, Dogo Shammah. and 14 others were Friday sworn in as Commissioners by Governor Abdullahi Sule in Lafia.
national assembly abuja

Senate screens Pius Odubu, Bernard Okumagba, 12 others for NDDC Board

The Senate Committee on Niger Delta Affairs Thursday screened President Muhammadu Buhari’s nominees for the Governing Board of the Niger Delta Development Commission (NDDC).
Brig.-Gen. Shuaibu Ibrahim, the Director-General (DG) of National Youth Service Corps (NYSC), says the monthly allowance of corps members is tied to the national minimum wage and any hike will depend on the new wage.

NYSC awaits directives on minimum wage payment

Director-General of National Youth Service Corps (NYSC), Brig.-Gen. Shuaibu Ibrahim, has said the scheme is waiting for directives from the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on when to begin the payment of the N30,000 new minimum wage to corps members.
Senator Godswill Akpabio

NDDC: IYC wants Senator Akpabio removed as Niger Delta minister

The Ijaw Youth Council (IYC) worldwide has called for the immediate sack of the Minister of Niger Delta Affairs, Chief Godswill Akpabio, for undue interference in the affairs of the Niger Delta Development Commission (NDDC).

Governors kick over President Buhari’s request for confirmation of NDDC board

Governors of the nine oil producing states of the country on Tuesday kicked against President Muhammadu Buhari’s request for Senate’s confirmation of members of the Niger Delta Development Commission (NDDC) board.
To maximise its potential as Africa’s leading financial technology and human capital management firm, SystemSpecs has appointed Demola Igbalajobi and Ezinne Obikile as executive directors.

SystemSpecs appoints new executive directors

To maximise its potential as Africa’s leading financial technology and human capital management firm, SystemSpecs has appointed Demola Igbalajobi and Ezinne Obikile as executive directors.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

No going back on IPPIS – minister

The Federal Government on Tuesday said there was no going back on the October 31 deadline President Muhammadu Buhari gave public servants to register for the Integrated Payroll and Personnel Information System, IPPIS.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

$460 million CCTV project: SERAP urges finance minister to suspend repayment of loan

Socio-Economic Rights and Accountability Project, SERAP, on Sunday, asked the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, to suspend repayment of the $460 million loan meant to fund Abuja Closed-Circuit Television contract.
A participant at the recent International Monetary Fund-World Bank Annual Meetings held in Washington DC, United States has been diagnosed with chickenpox.

Official: Participant at IMF/World Bank meetings diagnosed with chickenpox

A participant at the recent International Monetary Fund/World Bank Annual Meetings held in Washington DC, United States has been diagnosed with chickenpox.

Recent Stories

Nasarawa State Governor, Abdullahi A. Sule

Appeal Court upholds Nasarawa governor’s election

The Court of Appeal sitting in Makurdi has upheld the decision of the election petition tribunal affirming the election of Abdullahi Sule as governor of Nasarawa State.
Kidnap Victim

Bandits abduct university engineer in Anambra

An engineer in the employ of Nnamdi Azikiwe University, Awka, Anambra State, Emeka Chiaghana, has been abducted.
APC Nigeria Supporters

Edo APC exco sacks Anselm Ojezua, elects David Imoise as acting chair

The crisis rocking the Edo State chapter of the All Progressives Congress (APC) has got messier with State Working Committee of the party passing a vote of no confidence in the state chairman, Anselm Ojezua.
US President Donald Trump on Thursday brushed off North Korea’s test of a sea-launched ballistic missile, saying that planned nuclear talks with Pyongyang will go ahead.

Donald Trump open to deal with democrats over Barack Obama’s DACA programme

President Donald Trump on Tuesday signalled that he would be open to striking a deal with Democrats on the Deferred Action for Childhood Arrivals (DACA) programme if the U.S. Supreme Court were to uphold his decision to repeal the initiative.

Former minister urges federal government to restore sports commission

Former Minister of Sports, Bolaji Abdullahi, has said that the restoration of the governing system of the National Sport Commission (NSC) remains the best way of managing sports in Nigeria.