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Nigeria
FG working on 2,500 tips from whistle-blowers, says minister
Eniola Akinkuotu, Ifeanyi Onuba and Olaleye Aluko The Minister of Finance, Mrs. Kemi Adeosun, said the Federal Government had got more than 2,500 tips that could lead to loot recovery and blocking of leakages. Adeosun said this during a town hall meeting in Abuja in Tuesday where other ministers took ...
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Nigeria
Budgetary spending alone can’t address infrastructure deficit – Adeosun
Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that the Federal Government could not address the country’s huge infrastructure deficit with budgetary allocations alone in the next 10 years. Adeosun stated this in Abuja at the 10th Africa Finance Corporation Summit, which was organised to ...
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Nigeria
FG spent $163.7m on pre-shipment agents without appropriation – Reps
John Ameh, Abuja Over $163.7m was spent to hire pre-shipment agents to monitor Nigeria’s oil and gas exports between 2009 and 2016, an investigation by the House of Representatives uncovered on Tuesday. The money was signed out by the Federal Ministry of Finance from a pool of funds domiciled in ...
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Nigeria
Foreign exchange beyond CBN
Lekan Sote lekansote@yahoo.com 08050220816 How far or how long the current Central Bank of Nigeria’s intervention in the foreign exchange market will last is a function of the petrodollar revenue of the Federal Government. The International Monetary Fund thinks the naira is overvalued by 10 to 20 per cent and ...
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Nigeria
Communities ask govt to honour LFTZ agreement
Samson Folarin Residents of Ibeju-Lekki area of Lagos State have called on the state government to give members of the community priority in opportunities at the Lekki Free Trade Zone (LFTZ). They also asked the government to expedite action on the Memorandum of Understanding it signed with them to enable ...
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Nigeria
Making a case for Nigeria’s new political economy
Politics and power struggle among different factions of the Nigerian elite have been the dominant drivers of public life since the country attained independence in 1960. Because of these factors the state structure has undergone several mutations to accommodate the insatiable appetite for power and political control among the elite. ...
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Nigeria
Babcock lecturer bags ICAN merit award
A Professor of Accounting and Finance, Babcock University, Rufus Akintoye, has been conferred with the 2017 Institute of Chartered Accountants of Nigeria’s Merit Award. A statement on Tuesday stated that the honour was conferred on Akintoye and others during the 2017 annual dinner and awards of ICAN in Lagos. In ...
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Nigeria
FG targets economy growth through export incentives
Oyetunji Abioye The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, says the Federal Government is planning to enhance economic growth by granting tax breaks and export incentives. According to him, a key Trade Facilitation Agreement signed by Nigeria and over 100 other countries with the World Trade Organisation ...
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Nigeria
Ngige charges NSITF to implement employee compensation law
The Minister of Labour and Employment, Senator Chris Ngige, has tasked the newly appointed executive management of the Nigeria Social Insurance Trust Fund to vigorously pursue the full implementation of the Employee Compensation Act. He encouraged the participation of both public and private sector employers in the implementation of the ...
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Australia Nigeria
Udo-Obong vows to stop ‘old’ foreign athletes
’Tana Aiyejina Sydney 2000 Olympic Games gold medallist Enefiok Udo-Obong says he will slam the door on old foreigners seeking to run for Nigeria for their final payday, if he gets elected as President of the Nigeria Athletic Federation in Abuja on June 13. In recent times, several athletes of ...