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Zainab Ahmed

Minister: States to share N649 billion Paris Club refund

Finance Minister, Mrs. Zainab Ahmed, has revealed that the sum of N649 billion, the final tranche of the Paris Club Refund, is available to be shared by the 36 States of the federation.

NIMASA partners customs, central bank, others on review of vessels import tax

The Nigerian Maritime Administration and Safety Agency, NIMASA, last week, disclosed that it was currently engaging the Central Bank of Nigeria, CBN, the Nigeria Customs Service, NCS, the Federal Ministry of Finance and its supervisory ministry, the Ministry of Transportation, in working out a special tariff template for the importation of vessels and its parts by indigenous shippers.

Group condemns attacks, blackmail on central bank chief Godwin Emefiele

A group, Yoruba Youth Democratic Movement (YYDM), has condemned what it called blackmail by some people who are against the re-appointment of the governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele.

Reps: Over $900 million found in secret non-TSA accounts

The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).

Federal government to launch portal for budget implementation monitoring

Mr Alfred Okoh, Technical Adviser to the Director General, Ministry of Budget and National Planning, says there are plans to launch a budget implementation monitoring portal.

Nigeria loses $29.3 billion yearly to erratic power supply

The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low supply resulting from load shedding and inadequate facilities.

Governor Okorocha sets up governing councils for new tertiary institutions

Governor Rochas Okorocha of Imo has set up governing councils for the three newly established tertiary institutions in the state.

Panel recommends dismissal of suspended SEC chief Mounir Gwarzo

The panel set up to investigate Mounir Gwarzo, suspended Director General of the Securities and Exchange Commission (SEC), has recommended his dismissal.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 2

President Buhari, UN scribe to raise $50 billion to recharge Lake Chad

President Muhammadu Buhari has welcomed the acceptance of the United Nations Secretary-General, Antonio Guterres, to co-chair a Special Session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad, the presidency said in a statement, Tuesday.
Fintech

Experts harp on enabling environment, policies to drive fintech growth

Financial experts at the ongoing Future Banking Tech West Africa Conference have called for an enabling environment and policies for fintech to thrive.
Zainab Ahmed

Federal government targets improved electricity supply with fresh $200 million support fund

The federal government has said about 500,000 people without electricity in Nigeria would be able to have access to power in no distant time as it plans to spend about $200 million on providing electricity for about 105,000 households.
Bank of Agriculture - BoA

Federal government to divest 60% stake in Bank of Agriculture

In the bid to restructure the Bank of Agriculture (BOA) for efficiency, the Federal Government has moved to divest 60 per cent of its stakes in the bank.
President Muhammadu Buhari

President Buhari asks ministers to submit handover notes

An indication that President Muhammadu Buhari may dissolve the Federal Executive Council (FEC) earlier than the May 29 terminal date of his first term in office emerged yesterday when he asked ministers and agency heads to turn in their handover notes by Wednesday.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Inauguration: President Buhari orders agency heads to prepare handover notes

Ahead of the May 29 inauguration President Muhammadu Buhari’s second term, the Accountant-General of the Federation, Idris Ahmed; the Comptroller-General of the Nigeria Customs Service, Hameed Ali; the Executive Chairman Federal Inland Revenue Service (FIRS), Tunde Fowler, and 11 other heads of agencies under the Ministry of Finance have been ordered to submit their hand over notes on or before April 23.
Nasir El-Rufai

Governor El-Rufai asks political appointees to resign by April 30

Nasir El-Rufai, governor of Kaduna State, has directed all political appointees in the state to submit their letters of resignation by April 30, 2019.

PTAD: Federal government spent N79.2 billion on monthly pension in 2018

The Federal Government in 2018 spent a total of N79.2 billion on the payment of monthly pensions to pensioners.
Mr Afolabi Imoukhuede, the Senior Special Assistant to the President on Job Creation and Youth Empowerment, has said that the 2016 batch ‘A’ Npower volunteers programme has been extended.

Federal government tells N-Power beneficiaries to expect March stipend this week

The Senior Special Assistant to the President on Job Creation and Youth Empowerment, Mr. Afolabi Imoukhuede, has assured beneficiaries of the N-Power scheme that they would get their March stipend this week.
yemi osinbajo

VP Osinbajo: Health insurance central to federal government’s healthcare plans

Vice President Yemi Osinbajo on Monday said the Federal Government has made the National Health Insurance Scheme central to its plans for the healthcare system in the country.

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Archbishop of Enugu Ecclesiastical Provence, Church of Nigeria, Anglican Communion, Dr. Emmanuel Chukwuma

Bishop Chukwuma challenges Governor Ugwuanyi on legacy projects

Most Rev. Emmanuel Chukwuma, Archbishop of Enugu Ecclesiastical Province, Anglican Communion, has appealed to Gov. Ifeanyi Ugwuanyi of Enugu State to leave legacies that posterity would remember him for.

NDLEA: 27 million involved in illicit drugs globally

The National Drug Law Enforcement Agency (NDLEA), has expressed worry over prevalent cases of drug abuse among youths in the country.
Governor of Edo State, Mr. Godwin Obaseki

Central bank, BoI mull financing window for Edo Creative Hub

The Central Bank of Nigeria (CBN) and the Bank of Industry (BoI), have disclosed plans to partner with the Edo State Government to ease access to finance to creators at the Edo Creative Hub.

Police confirm Lagos man kills wife, son, self

The police in Lagos said a 42-year-old man, Enifeh Omomo, allegedly committed suicide after killing his wife and their six-year-old son at their Ikorodu residence.
This picture taken on Tuesday, July 17, shows trucks completely blocking a section of the Oshodi-Apapa Expressway at Second Rainbow inward Mile 2, and commercial buses driving against traffic.

Truckers hails removal of navy from controlling Apapa traffic

The Federal Government’s withdrawal of the Nigerian Navy and other military formations from controlling traffic at the Apapa Port has been lauded as a welcome development by some truck owners.