NSIA
Presidency: Repatriated funds’ll be utilised as agreed
The Presidency, on Friday, said that all the repatriated funds to the country have been earmarked for identified critical projects across the country in accordance with the agreement.
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.
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.”
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Electricity: Don’t pay for what you didn’t use – NERC tells consumers
The National Electricity Regulations Commission (NERC), on Tuesday, declared that no electricity consumer should be made to pay for energy he/she did not consume.
Gombe begins implementation of N30,000 minimum wage
Having reached an agreement for the payment of N30,000 as the new minimum wage for civil servants in Gombe State, it has been agreed that February 2020 salaries will capture adjustments, as implementation takes effect from January 1, 2020.
Joseph Yobo prepared to prove critics wrong
Super Eagles former captain and assistant coach Joseph Yobo has stated his readiness to prove all doubters wrong as he looks set to resume to his new role.
Arsene Wenger: Why Chelsea were outclassed by Bayern Munich
Chelsea had chances to take the lead in the first half but failed to capitalise and Bayern’s dominant second-half display saw them run out 3-0 winners, in their first-leg round of 16 tie at Stamford Bridge.
Lagos targets smart-agric driven tech to boost economy
Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed that to achieve the desire of making Lagos a 21st Century Economy, his administration will uphold Smart-Agriculture driven by innovative technologies in tandem with international standards.
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EFCC arraigns Benue woman for ‘N9 million fraud’
The Economic and Financial Crimes Commission, EFCC, Makurdi Zonal Office, Monday, arraigned Elizabeth Akaa over alleged N9m fraud bordering on breach of trust, dishonesty and misappropriation.
NCDC confirms 70 deaths from Lassa fever
A total of 70 people died from 472 confirmed cases of Lassa fever out of 1,708 suspected cases in 92 Local Government Areas of 26 States of the Federation within the first six weeks of 2020.
Gerard Pique: Lionel Messi better than Diego Maradona
Barcelona defender Gerard Pique says that Lionel Messi’s consistency makes him a better player than Diego Maradona.
Dangote buys 3,500 trucks from Enugu-based automaker
Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services Limited, for the supply of Shacman trucks being assembled at the Anambra Motor Manufacturing Company Limited’s factory in Emene, Enugu.
Senator Gaidam: Why I sponsored bill to establish agency for ‘repentant’ Boko Haram members
The sponsor of the bill that seeks to establish an agency for the rehabilitation of repentant Boko Haram members, Ibrahim Gaidam, has explained why he introduced the bill in the Senate.