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N800bn subsidy arrears: Oil marketers say no agreement with FG as 7-day ultimatum lapses on Monday

N800bn subsidy arrears: Oil marketers say no agreement with FG as 7-day ultimatum lapses on Monday

NAN Oil marketers on Saturday said they did not reach any agreement with Federal Government on the N800 billion subsidy arrears, saying their ultimatum to cease depots operations on Monday remained unchanged. Mr Olufemi Adewole, Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), said in a statement in Lagos that offers by […]
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NASS: Reps summon Finance Minister over workers’ protest

NASS: Reps summon Finance Minister over workers’ protest

The House of Representatives has summoned the Minister of Finance, Zanaib Ahmed, to appear before it over the non-release of fund appropriated for the National Assembly and the judiciary in the 2018 budget. This followed the adoption of a motion sponsored by Edward Pwajok on the disruption of the sitting of the two chambers of […]
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FG, petroleum marketers agree on settlement of N800bn subsidy claims

FG, petroleum marketers agree on settlement of N800bn subsidy claims

“After a meeting held today… we are satisfied with the arrangements being made by the government to settle the claims of petroleum marketers.” Adewale Sanyaolu and Uche Henry The Federal Government and petroleum marketers have agreed on the settlement of outstanding N800 billion subsidy claims and assured that operations at all depots and sales will […]
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Nigeria quits 90 foreign groups over economic agenda

Nigeria quits 90 foreign groups over economic agenda

Isaac Anumihe, Abuja Federal Government has announced that it has disengaged from the membership of over  90 organisations that are not relevant to the economic policy of the President Muhammadu Buhari administration. Speaking at a workshop organised by the African Trade Insurance (ATI) agency in Abuja, the Minister of Finance, Ms Zainab Ahmed, said the government came to […]
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Tax Tribunal warns against tardiness

Tax Tribunal warns against tardiness

Uche Usim, Abuja The newly inaugurated Tax Appeal Tribunal on Tuesday advised those seeking justice to come clean and clear as it would not tolerate tardiness that may delay the dispensation of justice. The advice came as the busy commenced its sitting on tax related cases that have piled for months, awaiting the tribunal’s action. […]
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FG tasks States on prudence, overhead cost reduction

FG tasks States on prudence, overhead cost reduction

Uche Usim, Abuja In the face of lean resources available for gigantic projects, the Minister of Finance, Mrs Zainab Ahmed on Monday advised State governments to slash bogus overhead spending by embracing fiscal discipline in order to increase Internally Generated Revenue (IGR) that will ensure higher deliverables. Ahmed, made the call in her address at […]
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Nigeria raises $2.86bn in euro bonds

Nigeria raises $2.86bn in euro bonds

Uche Usim, Abuja The Federal Government on Wednesday announced it has raised $2.86 billion under its global medium term note programme.  The notes comprise a $1.18 billion seven-year series, $1 billion 12-year series and a $750 million 30-year series. The seven-year series will bear interest at a rate of 7.625 per cent, while the 12-year series will […]
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Akin Adesina: We closed 45 deals worth $32bn at first ever Africa Investment Forum

Akin Adesina: We closed 45 deals worth $32bn at first ever Africa Investment Forum

Akinwumi Adesina, president of the Africa Development Bank (AfDB), says 45 deals, worth $32 billion were signed at the first ever Africa Investment Forum. Speaking on the concluding panel of The post Akin Adesina: We closed 45 deals worth $32bn at first ever Africa Investment Forum appeared first on TheCable.

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