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The Kaduna Electricity Distribution Company on Monday appealed to residents of Ibrahim Taiwo Road in Kaduna to bear with it over the power outage being experienced by the residents.

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.
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).
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.

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).
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.

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 receives in Congratulatory Visit Members of the Traditional Rulers Council in State House on 5th Mar 2019-2

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 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.

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

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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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. 6

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.
The number of Justices at the Supreme Court’s Bench has been reduced by one with the retirement of Justice Kumai Bayang Aka’ahs.

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.
There was wild jubilation in Sagamu on Saturday night after Anthony Joshua regained the WBA, IBF, and WBO heavyweight titles by defeating Andy Ruiz Jr.

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.