archiveNovember 2019

  The Federal Government on Thursday expressed readiness to provide an enabling environment that would stimulate and boost competitiveness in the Nigerian capital market. Otunba Niyi Adebayo, Minister of Industry, Trade and Investment, stated this in a keynote speech at the 23rd Annual Conference of the Chattered Institute of Stockbrokers ...

  The Nigeria Sovereign Investment Authority (NSIA) has realized N68.3 billion between Jan. 2018 and June 30, 2019. The Managing Director/Chief Executive Officer of NSIA, Mr Uche Orji, made the disclosure at the end of the National Economic Council (NEC), meeting presided over by Vice-President Yemi Osinbajo, at the Presidential...

Israel’s attorney general has charged Prime Minister Benjamin Netanyahu with bribery, fraud and breach of trust in connection with three separate cases. Mr Netanyahu is alleged to have accepted gifts from wealthy businessmen and dispensed favours to try to get more positive press coverage. He denies wrongdoing and says he...

The Federal Government is said to have saved N594.09 billion from the implementation of the Whistleblower policy since its inception in 2016, the Permanent Secretary, Special Duties, Federal Ministry of Finance, Budget and National Planning, Dr. Muhammed Dikwa revealed on Thursday. He disclosed this in Abuja at a workshop on...

  Supports VAT increase The Nigeria Governors’ Forum (NGF) has cautioned the National Assembly in its handling of the Bill seeking to criminalise hate speech and the planned introduction of death penalty  for its breach. The NGF asked the legislative body to subject the Bill to due legislative process by...

The nation’s bourse on Thursday sustained upward trend for the third consecutive trading session with the market capitalisation improving by N46 billion. News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N12.923 trillion inched N46 billion or 0.36 per cent to close at N12.969 trillion. Also,...

The Federal Government and the state of the federation missed their respective revenue targets gain for the month of October, widening the 2019 budget deficits. At N894.09 billion, the estimated federally-collected revenue (gross) in October 2019, fell below both the monthly budget estimate of N1.246 trillion. The shortfall represents 28.2...

  The National Economic Council (NEC) has appointed Kaduna State Governor, Nasir el-Rufai, as the head of the ad-hoc committee put together by the government to review the ownership of the electricity distribution companies (DisCos). The Council took the decision during its Thursday’s meeting presided over by Vice President Yemi...

Having received a presentation of the Nigeria Sovereign Investment Authority (NSIA) business update, and outlook, the National Economic Council (NEC) on Thursday resolved to invest additional $250 million into the NSIA, the country's sovereign wealth fund. The resolution was among other decisions taken at the 99th meeting of the council...

  The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has lamented a situation where Nigeria imports cassava derivatives valued at about 600 million dollars annually. Emefiele disclosed this at a meeting with governors of cassava-producing states in Abuja on Thursday. CBN also signed Memorandum of Understanding  (MoU) with...