The Debt Management Office (DMO) has raised N410 billion from the domestic capital market as public borrowings to fund the 2018 budget. The federal government had indicated that N1.6 trillion would be borrowed to finance about N1.95 trillion deficit contained in the budget.
Continue reading DMO raises N410bn to finance 2018 budget at Vanguard News. …
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NIMASA, NHF partner to raise N100m for disease prevention
In line with its Corporate Social Responsibility, the Nigerian Maritime Administration and Safety Agency (NIMASA) has partnered with the Nigerian Heart Foundation (NHF) to assist Non-Governmental Organizations, NGOs, in creating awareness on the dangers of heart diseases and the effect on the well-being of people.
Continue reading NIMASA, NHF partner to raise N100m for disease prevention at Vanguard News. …
Why Eastern, Delta ports are not utilised by importers – Industry chieftains
Nigeria borrows N2.75tn in one year
Everest Amaefule, Abuja The debt owed by the Federal Government, state governments and the Federal Capital Territory Administration increased by N2.75tn between July 1, 2017 and June 30, this year, statistics from the Debt Management Office have indicated. Figures from the DMO made available to journalists in Abuja on Tuesday also showed that the country’s […] …
ITF pays N6bn training grants to students
Ifeanyi Onuba, Abuja About N6bn has been paid to students from 262 tertiary institutions that participated in the Student Industrial Work Experience Scheme, the Director-General, Industrial Training Fund, Joseph Ari, has said. He gave the figures in Abuja while speaking on the activities of the agency since his assumption of office in September 2016. He […] …
Electricity workers threaten to shut power, demand sack of MD
Electricity workers yesterday in Abuja threatened to shut down power, unless the Federal Government sacks the Transmission Company of Nigeria’s (TCN) Managing Director, Usman Mohammed. The workers, under the auspices of the Senior Staff Association of Electricity and Allied Companies (SSAEAC), are accusing Mohammed of high handedness and anti-labour practices. The union threatened to groundRead More
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NNPC, investors to relocate refinery from Turkey to Nigeria
Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Tuesday announced plans to establish a 100,000-barrels-per-day brownfield refinery each in Port Harcourt, Rivers State and in Warri, Delta State. It said the plan was part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, adding […] …
Nigeria needs more investment in water provision —Dangote Foundation
Maureen Ihua-Maduenyi The Aliko Dangote Foundation has said the country needs more investment in water provision to boost the health of its citizens. The foundation stated that governments at all levels, the private sector, and well-meaning individuals should commit more resources to ensure adequate provision of clean water to help tackle malnutrition. The Managing Director/Chief […] …
What to know about dormant, inactive bank accounts
Here is a short write-up on how bank accounts become inactive and dormant and how to deal with the consequences, according to www.financialexpress.com. Why bank accounts become inactive/dormant? If your current/savings account does not witness any transaction over a period of 12 months, it gets classified as inactive account. Thereafter, if such account continues to […] …
FG targets $88bn revenue, others through digital economy
Okechukwu Nnodim, Abuja The Federal Government has a target of generating $88bn and creating three million jobs through the nation’s digital economy within a period of 10 years. It stated that it had embarked on activities to effectively grow the digital space in order to actualise the target, as it officially inaugurated the nation’s first […] …