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All posts by David Abellegah

  • Fuel subsidy fraud: EFCC Probes Eleven more marketers

    The Economic and Financial Crimes Commission (EFCC) yesterday probed over 11 marketers in connection with the N382 billion fuel subsidy fraud uncovered by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments.   EFCC acted...

    • Posted November 7, 2012
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  • Local food production rises to 8.1 million Tonnes

    The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina yesterday disclosed that Nigeria’s local food supply and production has risen to 8.1 million metric tonnes.   The Minister disclosed this at a seminar on Agricultural Commodity...

    • Posted November 6, 2012
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  • Okonjo Iweala Seeks Customs Bill Amendment

    On Monday the Coordinating Minister for the Economy and the Minister of Finance, Dr. Ngozi Okonjo Iweala faulted the Customs and Excise Management Act (CEMA), CAP 45 2004, (Amendment) Bill 2012 presently undergoing public hearing at the...

    • Posted November 6, 2012
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  • Debt Burden: FG Nurses a $9.3bn External Borrowing Plan

      The Federal Government under its 2012-2014 Medium Term External Borrowing Plan forwarded a request to the National Assembly for consideration and approval for its portfolio of concessionary loans totaling $9.3 billion.   The proposal comprises of an earlier...

    • Posted November 6, 2012
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  • Agricultural Extension: FG empowers 700 women and youths in Imo State

    A total number of 700 women and youths are presently receiving training in Imo State on how to make bread, biscuits, and cake from cassava. The programme is sponsored by the Federal Ministry of Agriculture, under its...

    • Posted November 3, 2012
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  • Nigeria will stop importing fuel in 10 years time – President Jonathan

    The President yesterday declared that, the country will end the importation of petroleum products 10 years from now. He said those in government should be regarded as failures if they fail to achieve this. President Jonathan made...

    • Posted November 3, 2012
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  • Committee face-off: The ball is in Jonathan’s court – Ribadu

    The Chairman, Petroleum Revenue Special Task Force, Nuhu Ribadu, and his deputy, Steve Orosanye openly exchanged words at the presidential villa, during the presentation of the Special Task Force committee’s report. The confrontation began when Ribadu attacked...

    • Posted November 3, 2012
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  • Airtel Nigeria appoints Segun Ogunsanya as new chief executive

    Mr. Segun Ogunsanya was yesterday appointed the Chief Executive Officer of Airtel Networks Ltd, Nigeria (Airtel Nigeria). The announcement was made by Bharti Airtel. Mr. Ogunsanya, the new CEO will report to Manoj Kohli, CEO (International), and Joint...

    • Posted November 3, 2012
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  • Finance Minister Persuades Global Investors to Nigeria as an Investment Destination

    The Nigerian Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala on Thursday asked the global investment community to increase their investments in Nigerian companies.   Okonjo-Iweala made the call in London at the...

    • Posted November 2, 2012
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  • Ex-Staff of Liquidated Banks’ Protest over Settlement

    The Federal Government has been called upon by Some former workers of commercial banks that failed to meet the 2005 consolidation exercise by the Central Bank of Nigeria (CBN) to prevail on the banking sector regulator to...

    • Posted November 2, 2012
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