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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.
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 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.”

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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 State Governor, Inuwa Yahaya, has said that he took advantage of his trip to Russia with President Muhammadu Buhari to woo investors and development partners for the state. 3

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.
Former Super Eagles coach Christian Chukwu has hailed the appointment of erstwhile National team skipper Joseph Yobo after been named assistant Super Eagles coach to replace Imama Amapakabo.

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.
Former Arsenal manager, Arsene Wenger, has said Barcelona are not good enough to win the Champions League this season.

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.
Babajide Olusola Sanwo-Olu

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.