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Business and Economy

Tambuwal signs Sokoto’s N204.3bn 2017 budget into law; Dissolves Internal Revenue Board, appoints new team

Governor Aminu Waziri Tambuwal Friday night signed into law the state’s 2017 appropriation bill of over N204.3 billion. Speaking at the event, Tambuwal expressed delight at the timely passage of the budget document by the state House of Assembly. He said now that it has become a law, its provisions …

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Ambode woos investors to Lagos at Nairobi’s German-African Business Summit …Says Africa has potential to be a great continent

Lagos State Governor, Mr Akinwunmi Ambode on Thursday said the State is willing, able and ready to partner with investors within and outside Africa, just as he said that adequate measures have been put in place to enhance the ease of doing business within the State. Governor Ambode, who spoke …

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Amaechi insists: We will close Abuja Airport runway for only six weeks; Senate to Amaechi : Withdraw your statement on loans because it’s false

Minister of Transportation, Chibuike Rotimi Amaechi has said that the Federal Government will ensure the total rehabilitation of the Abuja Airport runway for smooth operations and deliver it in six weeks. Amaechi, who acknowledged the pains closure of the Airport would cause the economy maintained that his Ministry will ensure …

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Economy Recovery Plan: Private sector operators hail stakeholders’ involvement, advice on effective implementation

Private sector operators on Monday said Federal Government’s engagement of key stakeholders in the development process of the national economy plan showed a genuine desire to rapidly grow the economy, but pointed out that diligent implementation was key to achieving the goal. Captains of industry and heads of the various …

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FG to raise bonds to settle billions of Naira owed states on federal roads *As Ugwuanyi seeks refund of over N25bn

The Minister of Power,Works and Housing, Mr. Babatunde Fashola, at the weekend announced that the Federal Government would raise bonds to refund billions of Naira owed states which have spent their money in rehabilitating federal roads in their respective domains. He spoke in Enugu Saturday during his courtesy call on …

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FG reiterates commitment to tackling humanitarian challenges in the North East

The Nigerian Government is committed to putting energy and resources into addressing the humanitarian challenges in the North East of the country and will strongly support any initiative by the international community in that direction. Budget and National Planning Minister, Senator Udoma Udo Udoma indicated this in Abuja when the …

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Economic diversification: NIMASA, NUJ call for media partnership – Maritime ready to take over from Oil says Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has urged the media, especially the maritime press to support the government’s drive to diversify the economy for growth and create alternative opportunities for investments The NIMASA DG stated this while receiving the leadership of …

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Again, Occupy CBN protest flops; Bank’s Spokesman thanks Nigerians for rejecting organisers’ unpatriotic agenda

The much touted protest march against the Central Bank of Nigeria (CBN), has again flopped. The convener of the protest march, one Deji Adeyanju had arrived at the proposed take-off point at about 8.30am with about 17 placard carrying young men and women. The protesters are pressurizing the CBN to …

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Fashola’s spokesman picks holes in Premium Times’ ‘contract mess’ story

The Ministry of Power, Works and Housing, has denied any wrong doing that should have warranted a story headlined “Works Minister, Fashola, in N166 billion contract mess,” published by an online newspaper, Premium Times. According to a statement by Hakeem Bello, Special Adviser, Communications to the Minister, the Premium Times …

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