Fed. Govt to begin disbursement of #220 billion MSME fund The Federal Governmemt has began the screening of Nigerian youths for entreprenuership training with the launch of Youths Entreprenuership Strategy, YES, in Oil and Gas at the weekend.Part of the #220 billion set aside for Micro Small Medium Enterprises,MSME, through the Central Bank of Nigeria would be utilized to fund the...... read more
Nigeria lacks institutions, systems, to prevent corruption - Okonjo Iweala The Minister of Finance, Ngozi Okonjo-Iweala, said on Tuesday that corruption has persisted in Nigeria because it lacked the institutions, systems and processes to prevent it. Mrs. Okonjo-Iweala made this known when she spoke on the topic: Preventing Leakages in the Nigerian Economy at the Catholic Caritas Foundation Forum in Abuja.The...... read more
Naira depreciates to 208 in dollar The News Agency of Nigeria ( NAN) reports that on Friday, naira depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, January 19.This new rate had made the naira to lose N16.50 within five days. The CBN’s website, however, put the naira against...... read more
Gov Orji Inspects Aba Mega Mall, Says Project has Prospects for Multi Job Creation, Investments Abia State Governor, Chief Theodore Orji, says the building of the Aba Mega Mall in Osisioma Local Government Area will benefit Aba people and create employment opportunities.The Governor stated this during an inspection visit to the site to see the progress of work.He stated that Aba is noted for commercial activities,...... read more
ABIA BUDGETS N102.4 BILLION FOR 2015 FISCAL YEAR Abia State Governor, Chief Theodore Orji, has  presented a budget estimate of N102.4 to the state House of Assembly for the 2015 fiscal year.The figure represents  a 12% decrease from the 2014 budget outlay of N115.3 billion.Delivering the budget he termed "Valedictory Budget" on the floor of the House, Governor Orji...... read more
Federal Government begins distribution of IDPs in North-East The Federal Government has flagged off the distribution of relief materials to Internally Displaced Persons,IDPs, in the North-East.   The Minister of Science and Technology, Dr. Abdul Bulama, who disclosed this said the measure was part of efforts by the federal government to alleviate the suffering and improve the living condition...... read more
President Jonathan cuts 2015 budget to #4.661tr Following the falling oil prices,President Goodluck Jonathan has cut the proposed 2015 budget of #4.817trillion to #4.661 trillion. The budget was reduced by about #63billion.The federal government also reviewed its proposed exchange rate upwards from #160 to #162 per dollar.The oil benchmark also dropped from $78 to $73 per barrel.The price...... read more
Database of unemployed Nigerians to be ready, January; Aganga To help unemployed Nigerians get employed in different sectors of the economy, Minister of Trade and Investment, Olusegun Aganga, has revealed that Nigeria is working with the United Nations Industrial Development Organisation (UNIDO)  on a national survey of unemployed Nigerians and their level of skills, which is expected to be ready by January....... read more
Shell hijacks UNEP report’s implimentation A committee to implement United Nations Environmental Programme (UNEP) report on Ogoniland has been inaugurated by Diezani Alison-Madueke, Minister of Petroleum resources. But some human right groups and Ogoni indigenes do not trust the committee. Alison-Madueke, who inaugurated the Committee, said the move was part of government’s efforts to seek an...... read more
FG advised to extend privatisation to other sectors Director General of the Nigeria Employers' Consultative Association (NECA), Segun Oshinowo, yesterday in Lagos, at a press briefing, supported the Federal Government to extend its hands of privitisation to other sectors of the economy. Seeing it as a true sign of free enterprise, he believes it has become necessary since it...... read more
Jonathan orders priority attention for second Abuja airport runway President Goodluck Jonathan has ordered the proposed second runway at the Nnamdi Azikiwe International Airport, Abuja to be given priority.     This was disclosed by his senior special assistant on aviation, Shehu Iyal, at a press conference in Abuja, on Monday.     “There will be a second runway in...... read more
Keystone bank extends ATM services to the disabled In an efforts to make banking service accessible to physically challenged people in the country, formal bank PHB now Keystone bank extended its ATM service banking to disabled clients by launching a wheelchair friendly Automated Teller Machines (ATMs) in Maryland, Lagos. Speaking at the launch of the machine bouts, Keystone Head...... read more
NDDC to sanction defaulting oil companies Poised to serve the interests of the people more efficiently, Niger Delta Development Commission (NDDC) Advisory Council has resolved to deal decisively with the poor funding which is challenging the Commission. Rising from a meeting about 3am on Sunday, September 28, in Asaba, Delta State capital, the Council said the best...... read more
Sanusi wrong over alleged missing $49.8b, says Senate. • Rejects panel’s proposal to stop fuel subsidy • Wants speedy passage of PIB • Mark blames executive, legislature for graft IT is not true that $49.8 billion oil money is missing from the Federation Account as alleged by a former Governor of the Central Bank of Nigeria, Malam Sanusi Lamido Sanusi, the Senate declared Thursday.Adopting the report of its Finance Committee, which investigated the matter, the upper legislative chamber, however, rejected...... read more
SENATE WARNS AGAINST POWER SECTOR COLLAPSE The Senate Committee on Privatisation has warned that if the huge amount of debt in the power sector is not addressed, it could collapse the power generation and transmission companies in the country. Chairman of the Committee, Senator Gbenga Obadara made the observation during the committee oversight visit to the National...... read more
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