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Nigeria Sovereign Investment Authority

Recall that the N10.594 trillion 2020 Budget passed by the National Assembly was on Tuesday assented to by President Muhammadu Buhari. 4

President Buhari approves committees for Mambilla power project

President Muhammadu Buhari has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in Taraba State.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

NEC approves additional $250 million for investment funds

The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo on Thursday, approved additional investment of $250 million into the Nigeria Sovereign Investment Authority (NSIA).
national assembly abuja

Senate panel rejects central bank team at investigative hearing

The Senate Committee on Finance on Monday prevented the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, from addressing it on the issue of exchange rates for funding key projects.

Senate summons central bank chief over exchange rates for infrastructure projects

The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday.
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).
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.

IMF clarifies report on Nigeria’s Sovereign Wealth Fund

The International Monetary Fund (IMF) on Friday clarified its categorisation of Nigeria as one of the countries with the worst use of the Sovereign Wealth Fund.

Federal government commits to improved funding of NSIA

The Federal Government says it will use revenue accrued in the Excess Crude Account (ECA) to improve the funding of the Nigeria Sovereign Investment Authority (NSIA).

Federal government rejects IMF report on sovereign wealth fund

The latest report by the International Monetary Fund (IMF) ranking Nigeria as the world’s second worst user of sovereign wealth funds is “fundamentally flawed”, the federal government says.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

Full text of President Buhari’s election broadcast

On Saturday, February 16, 2019, you will, once again, be called upon to choose the leaders who will pilot the affairs of our great nation for the next four years. This is a constitutional right which should be freely exercised by all eligible voters.
President Muhammadu Buhari, who was on campaign trail to Lagos on Saturday, said his administration’s economic policies have been making the desired impact as evidenced by steady growth in the economy in the last three years.-10

President Buhari inaugurates NSIA-LUTH cancer treatment center

President Muhammadu Buhari on Saturday inaugurated the NSIA-LUTH advanced cancer treatment centre located in the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos.
Zainab Ahmed

Federal government introduces new revenue initiative

The Federal Government on Wednesday introduced the Strategic Revenue Growth Initiative to generate more revenues to finance national development.
Aides and supporters of former Vice President Atiku Abubakar watched in disbelief as the Peoples Democratic Party presidential aspirant wept at his campaign office on Friday in Abuja.

Kailani Muhammad: Nigeria can’t be entrusted in Atiku Abubakar’s hands

A foremost ally of President Muhammadu Buhari and National Coordinator of Buhari Awareness and Voters’ Guard, Engr. Kailani Muhammad, has said that, Nigeria cannot be entrusted in the hands of former Vice President and PDP Presidential Candidate, Alhaji Atiku Abubakar.
Asue Ighodalo

Asue Ighodalo emerges new NESG board chairman

The Nigerian Economic Summit Group (NESG), a private sector led think-tank organization that promotes sustainable growth and development in the Nigerian economy on Wednesday announced the appointment of Mr. Asue Ighodalo, as its new Chairman.

NSIA pays $417.46 million to NBET to develop electricity market

The Nigeria Sovereign Investment Authority (NSIA) has transferred $417.46 million to Nigeria Bulk Energy Trading Company (NBET) to develop the electricity market.

Nigeria’s sovereign wealth agency transfers $417.5 million to electricity bulk trader

The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET).

Kemi Adeosun: Deadlocked FAAC meeting may affect salaries

Minister of Finance, Kemi Adeosun, has explained that if the issues that led to the Federation Accounts and Allocation Committee (FAAC) meeting with governors that ended in a deadlocked is not resolved, salaries might be affected in the states.

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Edo State Governor Godwin Obaseki, has asked the Peoples Democratic Party to show proof of allegations that the state treasury is empty.

Edo governor, security chiefs meet, strategise to combat farmer-herder clashes

The Edo State Governor, Mr. Godwin Obaseki, has disclosed that his administration is firming up strategies with relevant security agencies to tackle cases of farmer-herder clashes in the state.

Senator Oriolowo eulogises Bisi Akande at 81

The Senator representing Osun West senatorial district, Engineer Adelere Oriolowo, has described the leader of the All Progressive Congress (APC) and former governor of Osun State, Chief Adebisi Akande, as the big tower between the old and the new Nigeria.

Murder: Two to die by hanging in Osun

Justice Jide Falola of the Osun State High Court in Ikirun on Friday sentenced two men to death by hanging for murder.

Petrol tanker explodes in Onitsha

The Federal Road Safety Corps (FRSC), Anambra Command, on Friday said no casualty was recorded in the tanker that burnt at Upper Iweka in Onitsha.

Imo governorship election enough for INEC chairman to resign – APC chieftain

A chieftain of the All Progressives Congress, Peter Esele, said on Friday that the Independent National Electoral Commission, INEC, should take all the blames for the verdict of the Supreme Court on the Imo governorship election.