Category Archives: Slider

Information Minister says Amnesty’s human rights report on Nigeria lie

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2016 Budget Will Lift Millions of Nigerians Out of Poverty - Lai Mohammed

Nigeria’s Minister of Information and Culture, Mr. Lai Mohammed, has said Amnesty International’s human rights verdict on Nigerian government is not true. He also submitted that the protection of human rights is a cardinal objective of the Buhari Administration, and that the violation of rights is not and cannot be a government policy. Addressing a […]

Germany says committed 45.6million Euros to Nigeria’ development programmes

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The German government through the German International Co-operation (GIZ), says it has committed 45.6 million Euros to support development programmes in Nigeria in the past three years. The sum was obtained from the “Aid Information Management System’’ website, a Development Assistance Database of the Ministry of Budget and National Planning in Abuja. The figure reveals […]

Nigeria, others to spend $105bn on oil, gas decommissioning

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Nigeria and other oil-producing countries across the world will expend about $105bn on decommissioning in the next 10 years. According to a recent report released by Wood Mackenzie otherwise called WoodMac, between 2018 and 2022, nothing less than $32 billion would be spent on decommissioning around the world. While UK, the US and Norway, were […]

Debt Management Office lists N10.69bn Sovereign Green Bond

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The Debt Management Office, DMO, on Friday, listed on the Nigerian Stock Exchange, the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48 per cent.  The event was headlined by the Director General, DMO, Mrs. Patience Oniha, the Honourable Minister of State for Environment;  Hon. Ibrahim Usman Jibril, and United Nations Deputy Secretary […]

Modern farming, key to food sufficiency, says Lokpobiri

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The only way Nigeria can attain self-sufficiency in food production is for  farmers to embrace modern farming,  Minister of State, Federal Ministry of Agriculture, Senator Heineken Lokpobiri has said. The minister regretted that the gap in domestic food production have existed in Nigeria for many years because, it depended on rural farmers and their rural […]

NACC seeks better tariffs

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The Nigerian-American Chamber of Commerce (NACC) is pushing for favourable tariffs. Its President, Toyin Akomolafe, said there was the need to create better trade deals for the country to reduce dependency on oil as well as increasing engagement with China. He noted that in Nigeria, there is an increase in Chinese investments in infrastructure, and […]

Capital Market: Senate plans legislation to revive market

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The Nigerian National Assembly has expressed determination to revive the nation’s capital market through legislation to contribute to infrastructure development in the country.   The Chairman Senate Committee on Capital Market Senator Foster Ogola stated this at a joint briefing by the National Assembly joint committee on Capital Market on the forth coming Bi-Annual Stake […]

N-Power: FG to engage 300,000 new beneficiaries

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Nigeria has concluded arrangements to engage and deploy 300,000 new beneficiaries in the second batch of its N-Power Volunteers Corp effective from 1st August, 2018. Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande, stated this in a release on Thursday. “With 200,000 beneficiaries currently benefitting from the […]

House of Reps says probing loss of tax revenue, illegal mining

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The Nigerian House of Representatives is to probe the alleged loss of fifty billion dollars, about eight trillion Naira in gold tax revenue and illegal mining in the country in the last five years. This followed a unanimous adoption of a motion on the need to investigate the alleged revenue loss and illegal mining in […]

US Agency says Nigeria got $1.3bn FDI from US in 2017

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The American Business Council (ABC) has disclosed that Foreign Direct Investment (FDI) of about 1.3 billion dollars flowed into the Nigerian economy from the US in 2017. This was revealed during the Launch of the 2018 US Economic Impact Survey on Wednesday in Lagos. Darrel McGraw, Vice President of ABC, said the survey carried out […]