NSIA
Discos: NEC raise panel to review ownership structure
The National Economic Council on Thursday revolved to review the status of the ownership structure of power distribution companies in the country.
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).
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.
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).
Oil benchmark lowered over expected crude glut – minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
Nigeria’s sovereign wealth agency records $350 million earnings
The Nigeria Sovereign Investment Agency (NSIA) says earnings described as “value addition” from various investments with its seed capital since it began operations in 2013 stands at over $350 million.
President Buhari urged to probe Abba Kyari daughter’s NSIA appointment
A civil rights organization, Coalition Against Corruption and Bad Governance (CACOBAG), has called on President Muhammadu Buhari to immediately order an investigation into the appointment of Ms. Aisha Abba Kyari, as an Assistant Vice President at the Nigerian Sovereign Investment Authority (NSIA).
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.
Federal government approves N100 billion for East-West road
The Minister of Niger Delta Affairs, Pastor Usani Uguru Usani, has said the Federal Government has approved N100 billion for the completion of Sections 1 to 4 of the East West Road project.
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 Buhari appoints two executive directors to NSIA board
President Muhammadu Buhari has approved the appointment of two Executive Directors to the Nigerian Sovereign Investment Authority (NSIA) Board.
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.
Central bank bans use of forex for fertiliser importation
The Central Bank of Nigeria (CBN) on Monday, added fertiliser to the list of items classified as “Not Valid for Foreign Exchange.”
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.
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House of Reps moves to separate attorney-general from minister of justice
The House of Representatives is seeking to separate the office of the Attorney General of the Federation from that of the Minister of Justice, saying the separation will remove political interference in the operations of the Attorney General.
Justice Kumai Aka’ahs retires from Supreme Court
The number of Justices at the Supreme Court’s Bench has been reduced by one with the retirement of Justice Kumai Bayang Aka’ahs.
Rivers governor dares opponents, donates N20 million at book launch
Governor Nyesom Wike of Rivers State in Abuja on Tuesday dared his political opponents to do their worst as he donated N20m at the launch of a book titled, ‘The Big Interviews’, authored by Eric Osagie, a former Managing Director of The SUN.
Anthony Joshua replies Deontay Wilder, says tactics against Andy Ruiz deliberate
Anthony Joshua has defended his measured and tactful display against Andy Ruiz Jr, which saw him become a two-time heavyweight world champion.
Central bank expects 2.38% GDP growth by Q4
The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.
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Indian police shoot dead suspects in rape-murder
Indian police on Friday shot dead four detained gang-rape and murder suspects as they were re-enacting their alleged crime, prompting outrage but also wild celebrations.
Late Super Eagles star gets burial date
The funeral ceremony of late Super Eagles forward Promise Isaac, who died October 2, 2019, in the United States as an active player has been announced by his family.
BASA will strengthen cultural ties among personnel – NAF chief
Chief of The Air Staff (CAS), Air Marshal Sadique Abubakar, has enjoined Air Force Base communities across the country to exploit their rich cultural diversities to strengthen the bond of love and unity for the development of communities.
NHIS tasks Lagos government to constitute health scheme governing council
As debates continue on the Lagos State Health Insurance Scheme, the National Health Insurance Scheme, NHIS, has picked holes in its structure, saying, it lacks a constituted governing council.
Amazon partners with Verizon to extend AWS cloud to 5G networks
Amazon.com on Tuesday said it was extending its cloud to 5G networks in partnership with Verizon Communications, so developers can run latency-sensitive programs on mobile and connected devices.