All posts tagged "featured"

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  President Jonathan Seeks MTEF Amendment for Additional $200 million Debt

  President Goodluck Jonathan has requested for the amendment of the $7.905 billion 2012-2014 Medium Term External Borrowing Plan. The president wrote to the National Assembly to that effect, saying the plan should include $200m. The letter was...

  • Posted November 21, 2012
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  Borrowing will aid economic growth – Debt Management Office

    In the midst of the debate and furore over the request by the Federal Government to request for a foreign loan worth about N7.9billion, the Debt Management Office has thrown its weight behind the decision. The...

  • Posted November 21, 2012
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  FG Releases N9.7 billion to boost food production

      With a view to ensuring that the after flood effect  that hit the Northern States mostly does not impede or hamper the aggressive and robust agricultural plan of the Federal Government, the Minister of Agriculture and...

  • Posted November 21, 2012
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  2013 Budget: N1.3 billion Is Not Enough for Refreshments, Meals – State House

  The N1.305 billion allocated for the Presidency in the 2013 budget for refreshments, meals, and other miscellaneous expenses has been declared grossly insufficient. Nigerian Senators could not believe their ears when they heard this, since the budget...

  • Posted November 21, 2012
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  CBN Cautions National Assembly on Oil Benchmark Increase, Retains Interest Rate At 12%

  The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday advised the National Assembly not to increase the 2013 budget oil benchmark from $75 to $80 per barrel. The CBN Governor, Mr. Lamido Sanusi said,...

  • Posted November 21, 2012
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  Nigerian Stock Exchange Watch: ASI (+0.35%) Gains, as UACN (+7.45%) leads Bourse

    The market was in positive territory today as top-tier banking stocks recovered some of the points trimmed from their value in yesterday’s session. Access (+0.47%), GTBank (+0.5%), First Bank (+1.85%), and Zenith (+0.67%) all recorded positive...

  • Posted November 20, 2012
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  Senate Cautions Education, Housing Over Poor Budget Implementation and Spree Spending

  The senate has recently become very troubled over the fact that the 2012 budget implementation is still below 50 per cent when there are just 41 days to the end of the 2012 fiscal year. This situation...

  • Posted November 20, 2012
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  Customs Deny Passing 200 Car Bribe to Lawmakers

  The Nigerian Customs Service has strongly refuted the allegation of buying 200 cars for members of the National Assembly to pass the amended Customs and Excise Management Act (CEMA). They denied the allegation saying, it was false...

  • Posted November 20, 2012
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  Q3 Growth Analysis reveals Nigeria’s Economy Expanding Fast

    The recent data analysis by the National Bureau of Statistics for the third quarter on the growth level of the second largest economy in Sub-Saharan Africa showed an amazing expansion compared to the second quarter analysis....

  • Posted November 20, 2012
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  FG Moves to Reduce N600 billion Annual Wheat Import

    The Federal Institute of Industrial Research, Oshodi (FIIRO) said the federal government has moved to cut down the N600b spent on wheat importation. It said the Federal Government has stepped up the use of cassava bread...

  • Posted November 20, 2012
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