Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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We’re profiling rich Nigerians for tax payment – Adeosun
Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said that the Federal Government was currently profiling high net worth individuals to ensure that what they currently own as assets correspond with the amount they were paying as taxes. She said this via a video posted on ...
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N30tn leakage: Glo, BAT, others get one week to file defence
Leke Baiyewu, Abuja The Senate Joint Committee on Customs, Excise and Tariff, and Marine Transport, has asked the over 30 companies quizzed this week over alleged complicity in the N30tn revenue loss in the import and export value chain to present their defence next week. The investigative panel, at a ...
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US approves Super Tucano attack planes for Nigeria
After years of foot-dragging, the US State Department has finally approved a $593 million sale to Nigeria of A-29 Super Tucano attack planes with associated parts, training, facilities and weapons. The Defense Security Cooperation Agency delivered their certification of the foreign military sale to Congress, as required by law, on ...
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Health insurance for Oyo workers, contractors
Oyo State Governor Abiola Ajimobi has said the state’s health care insurance scheme is compulsory for workers and contractors. Ajimobi, who traced the Western involvement in health care to 1883 when compulsory sickness insurance started in Germany, said making the scheme compulsoiry would sustain the initiative and make it functional. ...
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Police dismiss four for theft in Jonathan’s home
THE Federal Capital Territory (FCT) Police Command has dismissed four policemen for their involvement in the theft of property belonging to former President Goodluck Jonathan. The policemen, who were on guard duty at the Gwarinpa residence of Jonathan, allegedly stole movable items, including furniture sets, beds, electronics, toilet electrical fittings ...
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States lose easy access to foreign, local loans
States will no longer have easy access to foreign or local borrowing windows due to the drop in their earnings from the Federation Account. Debt Management Office (DMO) Director-General Ms. Patience Oniha broke the news yesterday when she hosted Edo State Governor Godwin Obaseki. Oniha said the decision was taken ...
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30tn leakage: Senate gives firms one week to file defense
Leke Baiyewu, Abuja The Senate Joint Committee on Customs, Excise and Tariff, and Marine Transport, has asked the over 30 companies quizzed this week over alleged complicity in the N30tn revenue loss in the import and export value chain to present their defense next week. The investigative panel, at an ...
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FG signs oil financing deals with Shell, Chevron
Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said on Thursday. “Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed ...
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Cameroon sends delegation to Abuja, says we didn’t kill 97 Nigerian fishermen
Cameroon on Thursday denied reports of the killing of 97 Nigerian fishermen by its gendarmes in Bakassi peninsula and maltreating Nigerian refugees in that country. A three-man delegation dispatched by Cameroonian President Paul Biya stated this in Abuja at a joint briefing at the end of a meeting with the ...
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Banking fraud on the decline, says NDIC
… Recommends prohibition of Directors of financial institutions from obtaining credits The banking industry has recorded a decline in the rate of successful fraud incidences and extent of amount of losses in 2016, compared to 2015. The Managing Director/Chief Executive, of the Nigeria Deposit Insurance Corporation (NDIC) Alhaji Umaru Ibrahim, made this disclosure while delivering a lecture: “The Role of NDIC in ...
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USAID farm project: Farmers make N396b sales value in five years
The United States Agency for International Development (USAID), Market II project designed to help rural farmers in the country has recorded sales valued at N396 billion in five years, a report presented by the USAID has stated. The report titled Maximizing Agricultural Revenue and Key Enterprises in Targeted Sites II ...
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Lack of funds: DMO stops states from borrowing
The old practice where States had easy access to borrowing from either foreign or local borrowing windows has now been halted. The new Director –General of the Debt Management Office (DMO), Ms. Patience Oniha made this disclosure yesterday in Abuja when the Edo State Governor, Mr. Godwin Obaseki visited to congratulate ...
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EFCC Pledges Support To AMCON On Asset Recovery
BY GEORGE OKOJIE The Economic and Financial Crimes Commission (EFCC) on Thursday pledged its support to Asset Management Corporation of Nigeria (AMCON), in its drive to recover toxic assets and boost for the nation’s economy. The Acting Chairman of the Commission, Ibrahim Magu stated this while playing host to Ahmed ...
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Ajimobi Reiterates Commitment To Efficient Healthcare Delivery
By Adebayo Waheed The Oyo state governor, Senator Abiola Ajimobi on Thursday reiterated his administration’s commitment to improving health care service delivery to the people. The governor while speaking at the unveiling of N50 billion Health care Endowment Fund in Ibadan, said attempts by previous administrations to institutionalize the health ...
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Nigeria: Bankers Task Govt On Investment to End Economic Recession
[Guardian] The Chartered Institute of Bankers of Nigeria (CIBN) has attributed the hardship in the country to individual and collective failure to invest in the local economy.
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‘We’ll make Lagos the third largest economy in Africa’
Sesan Olufowobi with agency report Governor Akinwunmi Ambode of Lagos State has said his administration is committed to making Lagos the third largest economy in Africa. The governor spoke on Wednesday on Victoria Island, Lagos, at the public presentation of a book titled, ‘Making Africa Work.’ The book was co-authored ...
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Foreign airlines’ $175m still trapped in Nigeria – IATA
Maureen Ihua-Maduenyi About $175m in ticket sales by foreign airlines is still trapped in Nigeria, the International Air Transport Association has said. The Area Manager, South West Africa, IATA, Mr. Samson Fatokun, said in Lagos on Wednesday that this was due to scarcity of foreign exchange, adding that the situation ...
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Analysts react as IMF says threats to Nigeria’s economic recovery high
’Femi Asu The International Monetary Fund has predicted that the Nigerian economy will be out of recession this year with growth of 0.8 per cent though it says risks to the recovery remain high. It, however, said the growth would not be sufficient to reduce unemployment and poverty in the ...
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FG seeks $550m Chinese loan for satellites, others
Everest Amaefule, Abuja The Federal Government is making efforts to secure a loan of $550m from the China Import Export Bank, the Minister of Communications, Mr. Adebayo Shittu, has said. The minister said this at a forum on the proposed ICT University, according to a statement issued by his Chief ...
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Reps query $350m loan request by Ogun
John Ameh, Abuja Members of the House of Representatives on Wednesday queried a $350m World Bank loan plan by the Ogun State Government on the grounds that the state did not need foreign loans. The House Committee on Loans/Aids/Debt Management had met with the officials of some states seeking foreign ...
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DisCos, EFCC partner to fight corruption
The Association of Nigerian Electricity Distributors (ANED), the Economic and Financial Crimes Commission (EFFC), the Police and other security agencies, are collaborating to rid the power sector of corrupt officials, it was learnt. ANED’s Executive Director, Research and Advocacy, Mr. Sunday Oduntan, said the deal had reached an advanced stage, ...