Presidency Clears Air On Special Economic Zones Project

Following the misinterpretation of government's plan on the Special Economic Zones (SEZ), the presidency in a swift reaction has revealed that the President Muhammadu Buhari's administration is working to fast-track Nigeria’s industrial development through the SEZ.

Federal Govt Debunk Plan To Remove Fuel Subsidy Soon

The Federal government has cleared the air on its stance over alleged removal of fuel subsidy, saying it has no plan to remove the subsidy soon. The Minister of finance, Zainab Ahmed disclosed this on Sunday while briefing Nigerian delegation after holding a meeting with investors and institution at the IMF/World Bank meeting in Washington DC.

Senate president Bukola Saraki has today set Thursday as a timeline for appropriation committee to submit the 2019 budget report. Sunny Ogbuoji, the vice chairman of the appropriation committee revealed that only 24 out of the 61 sub-committee have so far submitted their reports.

Chairman of Heir Holdings, Tony Elumelu has on Friday blow hot over a statement credited to IMF on Nigeria taking China loan. Elumelu demanded that the International Monetary Fund (IMF) to provide other alternatives to Nigeria as they have warned the government on China loan.

The Managing Director, International Monetary Fund (IMF), Mrs. Christine Lagarde, has on Thursday advised the Federal Government to end spending on fuel subsidy and instead expend such money on education, health and infrastructural development.

The Economic and Financial Crimes Commission (EFCC) has on Sunday arrested nine persons suspected to have been involved in train ticket racketeering in Abuja and Kaduna following a carefully planned operation by the personnel of the commission.

President Muhammadu Buhari has approved the appointment of Mr. Liman Ibrahim as the new Controller-General (CG) of the Federal Fire Service (FFS). Daily Post reported. His appointment followed the retirement of Mr. Joseph Anebi, the former fire service boss.

More Developmental Projects For N’Delta Region - FG

As part of plans for a more cohesive nation, President Muhammadu Buhari administration has pledged more developmental projects to the region. Speaking at an event in Kurutie, Warri South-West Local Government Area of Delta State, Mr. Edobor Iyamu, representative of Vice President Yemi Osinbajo described President Muhammadu Buhari as “a man of his words and he has made that clear over and over again with regards to the Niger Delta, in the last four years.”

CBN To Support Mobile Money Operators With ₦500 Million

Access to financial services in Nigeria is usually accompanied with some gridlocks. To mitigate the situation, the Central Bank of Nigeria (CBN) has said it will incentivize Mobile Money Operators (MMOs) and Super Agents with the financial support of up ₦500 million.

More Articles ...