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Nigeria Sovereign Investment Authority

Bala Muhammad

Bauchi governor flags off construction of 2,500 housing scheme

Bauchi State Governor Bala Abdulkadir Mohammed has flagged off the construction of 2,500 affordable housing units in collaboration with a company known as the Family Homes Funds Limited.

Former VP Sambo hails President Buhari over border closure

Former Vice President Namadi Sambo has commended President Muhammadu Buhari over the border closure, describing it as one of the most impactful policies of the administration.

AKK gas pipeline: President Buhari’s big infrastructure push

One of the big promises made by President Muhammadu Buhari in his campaign for Nigeria’s presidency is the Ajaokuta-Abuja-Kaduna-Kano (AKK) gas pipeline project.

Femi Falana: State, local councils entitled to 48 percent of recovered funds

A human rights lawyer, Mr. Femi Falana (SAN) yesterday said state and local governments are entitled to at least 47.32 percent of the stolen funds recovered from indicted public officers in line with the provisions of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Act.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

House of Reps alleges plot to divert $308 million Abacha loot

The House of Representatives has set up an enquiry into allegations that the recently recovered $308 million Abacha loot which the Presidency said will be used to expedite work on three major infrastructures i.e. Lagos – Ibadan Expressway, Abuja – Kano Expressway and the Second Niger bridge may be diverted into private accounts, using Julius Berger, as a conduit.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

House of Reps to investigate Julius Berger, others over ‘contract monopoly’

The House of Representatives has mandated its works committee to investigate “the slow pace of work on three critical projects” and a perceived conflict of interest due to Julius Berger’s involvement in the projects.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

House of Reps probes delay of Lagos-Ibadan, Abuja-Kano road projects

The House of Representatives has resolved to investigate the slow pace of rehabilitation and expansion works on the Lagos-Ibadan Expressway, Abuja-Kaduna-Zaria-Kano road and the Second Niger Bridge.
Abubakar Malami

AGF: Federal government to spend recovered Abacha loot on Lagos-Ibadan Expressway, two others

Nigeria’s Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has stated how the country would spend the US$308 million looted by the late former Head of State, General Sani Abacha when it is finally returned.

Nigeria, US, Island of Jersey sign tripartite agreement on return of $318,460,329 Abacha loot

The Federal Government, the United States of America (USA) and the Island of Jersey on Monday signed a tripartite agreement on the return of $318,460,329 looted by late former military Head of State, General Sani Abacha.
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).

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National Public Health Reference Laboratory in Gaduwa, Abuja - NCDC - Coronavirus - Covid-19 -- 1

Nigeria records 22 new coronavirus cases, total now 276

The Nigeria Centre for Disease Control (NCDC) said on Wednesday evening that fifteen of the cases are Lagos, four in FCT, two in Bauchi and one is Edo
Following the arrival of the 15-member Chinese medical team, the Nigerian Medical Association (NMA) and the National Association of Resident Doctors of Nigeria (NARD) have declared they will not allow the Chinese attend or touch any patient.

Chinese medics can’t attend to our patients – Nigerian doctors

Following the arrival of the 15-member Chinese medical team, the Nigerian Medical Association (NMA) and the National Association of Resident Doctors of Nigeria (NARD) have declared they will not allow the Chinese attend or touch any patient.

Coronavirus: Doctor’s death in Katsina causes panic in Kogi

There was palpable panic on Wednesday in Kogi when the news of the death of a medical doctor in Katsina who was an indigene of the state filtered into the state.

NUPENG seeks justice over killing of Abia petrol station worker

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has expressed outrage over the killing of one of its members, Chibuisi Chikezie Okameme, aged 26, a petrol station worker in Abia State, on April 5.
Residents of parts of Port Harcourt were forced off the streets on Tuesday by security personnel as Gov. Nyesom Wike imposed a dusk to dawn curfew in parts of the state.

Rivers governor dares federal government, declares Carveton helicopters ‘persona non grata’

The Rivers State Government has shut down Carveton Helicopters in the state for endangering the lives of Rivers people over what it tagged as “suspicious operation of the company in the state.”