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Presidential Infrastructure Development Fund

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.
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.

Fuel subsidy to gulp N450 billion in 2020 – minister

Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

[email protected]: President Buhari’s independence day speech — full text

Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
Osinbajo, second right, with Fashola at the site of Niger Delta Bridge

VP Osinbajo assures on completion of second Niger Bridge

Vice President Yemi Osinbajo has given an assurance that the President Muhammadu Buhari’s administration will bring the Second Niger Bridge project to fruition.

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.

Federal government has 58 roads, bridges ongoing projects in Southeast – minister

The Federal Government has 58 ongoing road and bridge projects in the South East, Minister of State for Power, Works and Housing, Alhaji Mustapha Shehuri, has said.
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.-15

President Buhari: Our economic policies making desired impact

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.
Lanre Issa-Onilu.

Endorsement: APC warns South East to be wary of machinations of Atiku Abubakar

Miffed by the recent endorsement of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, by the Igbo socio-political organisation, Ohanaeze Ndigbo, the All Progressives Congress (APC) has warned the South East geopolitical zone to be wary of the machinations of conmen masquerading as ‘messiahs’ in the garb of politicians.
Vice President Yemi Osinbajo

Yemi Osinbajo: Why Nigeria must exploit diaspora investment for growth

Nigeria’s vice president, Yemi Osinbajo, on Wednesday reiterated the need for Nigeria to exploit the potential of diaspora investment in its bid to facilitate growth and diversify the economy.

Babatunde Fashola: We’ve delivered on roads, power, housing

Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), has declared that his ministry has delivered visible and qualitative achievements to Nigerians since his appointment in November 2015.

Babatunde Fashola: 2019 election a choice between going back and moving forward

We must first commend the Hon. Minister of Information and Culture for inaugurating this series of town hall meetings that have been held across Nigeria over the past 3 years.
Lai Mohammed, minister of information, says Senate President Bukola Saraki slowed down the progress of the All Progressives Congress (APC)

Federal government releases list of 69 ongoing road, bridge projects in South-east

The Federal Government has released a list of 69 ongoing road and bridge projects in the South-east.

Presidency: New forex window records $25 billion inflows in one year

The Presidency yesterday released the record of its economic performance since 2015, stating that the new forex (FX) window introduced by the Central Bank of Nigeria (CBN) in April, 2017, yielded an average of $1 billion turnover every week and $25 billion inflows in one year.

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NBC: Federal government not out to gag Nigerians

The National Broadcasting Commission (NBC), has said the new broadcasting regulations were not intended to gag Nigerians from expressing their views.

141 hospital staff investigated for giving free medicals to friends

Some 141 doctors and paramedics at a public hospital in Rome have been charged with fraud for giving free medical tests to friends and family evading regional taxes, police said on Friday.

Forex: Central bank injects $292.34 million, CNY 22.8 million into Retail SMIS

The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).
Kwara State Governor Abdulraham Abdulrazaq

Kwara state-owned newspaper gets acting general manager

A new acting General Manager has been appointed for the Kwara State Printing and Publishing Corporation (The Herald Newspapers).

Imo renames college after late Senator Uwajumogu

The Imo State government has renamed the Imo State College of Education, Ihitte Uboma after the late Senator Benjamin Uwajumogu as a way to mortalizing him for his service to the state.