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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. 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.

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.

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Governor Nasir El-Rufai has appointed new members of the management team and boards of some agencies, as part of continuous efforts to strengthen Kaduna State Government structures.

Kaduna to revive guidance, counselling unit in public schools

The Kaduna State Government said on Friday that it would revive guidance and counselling unit in public Secondary Schools in the state.
Akwa Ibom State Commissioner for Information and Strategy, Comrade Ini Ememobong, gave the charge Friday while playing host to the Executive members of the State branch of FIDA, during a courtesy call on him in the Conference room of the Ministry.

Akwa Ibom announces dates for resumption of schools

Akwa Ibom State Government has fixed September 21 2020 for the commencement of processes for the resumption of academic activities in the state-owned university, college of education and public primary schools.
Babagana Zulum, governor of Borno state, says he is critical of the Nigerian army so that they can improve in their fight against insurgency.

Governor Zulum: Boko Haram now recruits children in Borno

Governor Babagana Zulum of Borno State says Boko Haram insurgents have started recruiting children in the state due to the increase in unemployment.

Edo election: PDP Reps condemn ‘siege’ on opposition governors

The Peoples Democratic Party (PDP) caucus in the House of Representatives has condemned alleged siege on opposition governors by security agents in Benin City, the Edo State capital, ahead of Saturday’s gubernatorial election in the state.
Serge Gnabry hit a hat-trick as holders Bayern Munich romped to an historic 8-0 rout of Schalke on Friday in the opening game of the 2020-21 Bundesliga season behind closed doors.

Bayern thrash Schalke 8-0 in Bundesliga opener

Serge Gnabry hit a hat-trick as holders Bayern Munich romped to an historic 8-0 rout of Schalke on Friday in the opening game of the 2020/21 Bundesliga season behind closed doors.