Memorandum of Understanding (MOU) signing ceremony by His Excellency, Chief Willie M. Obiano, the Executive Governor of Anambra State for the Construction of Anambra Airport City Project between Anambra State Government, Orient Petroleum Resources Plc. and Elite International Investment Holding Limited, China Aviation Planning & Development Company Limited with Osike Synergy Nigeria Limited and Emsworth…
No sooner Gov Nyesom Wike was sworn in as governor of Rivers State than he embarked on indiscriminate borrowing at cut-throat interest rate from Nigerian commercial banks. The borrowing spree was carried out irrespective of the fact that the matter of the All Progressives Congress, APC, Governorship Candidate, Dr. Dakuku Peterside contesting the emergence of…
The President of the National Council of Managing Directors of Licensed Customs Agents(NCMDLCA) Mr Lucky Amiwero has blamed the Federal Government for the sharp drop in the level of imports into Nigeria in recent times. He said that government was responsible for the anomaly through the fiscal and monetary policies of the Federal Ministry of…
The Central bank of Nigeria has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conveyed in a letter addressed to the Managing Director/Chief Executive of Officer of DBN dated March…
FEDERAL MINISTRY OF FINANCE HEADQUARTERS, CENTRAL BUSINESS DISTRICT, ABUJA PRESS UNIT, 4TH FLOOR News Release March 28, 2017 NIGERIA PRICED ITS US500 MILLION NOTES AT A YIELD OF 7.5 PER CENT Announcement of pricing of US$500 million notes by the Federal Republic of Nigeria under its US$1.5 billion…
It is more than gratifying to mark my birthday in this good way. To all of you – many who have traveled great distances – I am honored that you joined me today. Though the event banners speak my name, this gathering is not about me. It is about what a people united in purpose…
The Bayelsa State Governor, Hon. Seriake Dickson has called on other corporate organizations operating in the state to emulate the worthy example of the Central Bank of Nigeria (CBN), to show more commitment in the fulfillment of their corporate social responsibilities. Governor Dickson made the call on Monday, when he received a 6-member team led…
News Release March 26, 2016 2016 Budget: Capital Releases to MDAs reaches the N1trillion mark Capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget, have reached a record N1 trillion, the highest ever budgetary releases in Nigeria’s annual funding for capital projects, Minister of Finance, …
The Minister of Finance, Mrs. Kemi Adeosun, has strongly solicited the cooperation of the Central Bank of Nigeria (CBN), in extending the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs), to facilitate the detection of bank accounts which might have been opened and operated in such banks for ghost workers…
Strong indications have emerged that licensed customs agents and freight forwarders would soon join hands to shut down the seaports in Nigeria over arbitrary increase in charges by shipping companies agents, terminal operators and some government agencies . This became necessary following the additional cost the hike in charges has engendered in the clearing of…
