• Buhari and King Of Morocco Witness Signing Of Agreement Between Elumelu & Jariwafa Bank (Photos)

    Buhari and King Of Morocco Witness Signing Of Agreement Between Elumelu & Jariwafa Bank (Photos)

    President Buhari and King of Morocco Mohammed VI witness Signing of Agreements in State House as part of the State Visit of the King of Morocco on 3rd December, 2016.

    President Buhari and King of Morocco Mohammed VI today witnessed the Signing of Agreements by Chairman Heirs Holding Mr Tony Elumelu and his Moroccan counterpart Chairman and CEO Att. Jariwafa Bank of Morocco Mr Mohammed El-Kettani in State House as part of the State Visit of the King of […]

  • FEC approves bilateral tax agreement between Nigeria and Singapore

    FEC approves bilateral tax agreement between Nigeria and Singapore

    It was gathered that the Federal Executive Council (FEC) on Wednesday approved a bilateral agreement for the avoidance of double taxation in business deals between Nigeria and Singapore.

    ‎The approval, ratified at the 22nd meeting of FEC, presided over by Vice President Yemi Osinbajo, would also prevent tax evasion on income and capital benefits between Nigeria and Singapore.

    The Minister of Finance, Mrs Kemi Adeosun, told State House correspondents that the objective of the agreement was to facilitate more trade between Nigeria […]

  • Nigeria signs $500 million agreement with World Bank

    Nigeria signs $500 million agreement with World Bank

    According to reports, the Federal Government on Thursday ruled out the need for the poorest and vulnerable Nigerians to apply online before they can benefit from the monthly N5,000 Conditional Cash Transfer.

    This was contained in a statement issued by the Vice President Yemi Osinbajo’s media office.

    The statement was responding to some misleading reports in the media regarding the implementation of the N500 billion Social Investment Programmes of the Buhari administration.

    It reads: “While we understand the need for an ongoing public […]

  • Reps to probe 14 power firms over power purchase agreement

    Reps to probe 14 power firms over power purchase agreement

    Indications emerged yesterday that the engagement of 14 firms by the Federal Government under its Power Purchase Agreements (PPA) by the Nigerian Bulk Electricity Trading (NBET) may be subjected to legislative investigation.

    The House of Representatives Committee on Power said the agreement with the 14 firms breached due process as there was no proper guideline for the engagement.

    Doubts were also raised over the nation’s ability to meet the 20,000 megawatts (Mw) power generation target set for 2020.

    The Dan Asuquo-led House Committee, […]

  • FG, World Bank, others reach agreement for Nigeria’s Development Bank

    FG, World Bank, others reach agreement for Nigeria’s Development Bank

    According to reports, the Federal Government has reached agreement with the World Bank Group and other development partners for the release of $1.3 billion for the take-off of Development Bank of Nigeria (DBN).

    The Minister of Finance, Kemi Adeosun, with the Governor of Central Bank of Nigeria (CBN), made the fact known at a joint press briefing in Washington on Sunday.

    The briefing was to announce the achievements of the Nigerian delegates at the 2016 IMF/World Bank Annual General Meetings.

    Adeosun re-empasised that […]

  • Ogun signs agreement for second largest refinery in sub-Saharan Africa

    Ogun signs agreement for second largest refinery in sub-Saharan Africa

    According to reports, the Ogun State Government has signed agreement with a consortium of four private firms to build a refinery, proposed to be the second largest in sub-Saharan Africa.

    The agreement also included the building of the largest petroleum product depot in Nigeria.

    The agreement was signed in Abeokuta on Wednesday between the government and four firms: Petrolex Oil and Gas, Hyundai, Ajayi Legal Partners and Wema Bank Plc.

    The Chairman, Petrolex Group, Segun Adebutu, who led the other partners at the […]

  • Lagos signs agreement for women entrepreneurs to access $300m AfDB fund

    Lagos signs agreement for women entrepreneurs to access $300m AfDB fund

    It was gathered that the Lagos State Government says it has signed a partnership agreement with an NGO, the African Women Innovation and Entrepreneurship Forum, to access the $300 million African Development Bank Affirmative Finance Action for Women in Africa.

    According to the Commissioner for Economic Planning and Budget, Akinyemi Ashade, the government will nominate qualified candidates from among the over two million businesswomen in the state to access the fund.

    Ashade, who spoke shortly after signing the agreement in Ikeja on […]

  • FG, firm sign 550MW power purchase agreement

    FG, firm sign 550MW power purchase agreement

    The Federal Government on Friday took the quest for sufficient power supply in the country a notch further with the signing of a Power Purchase Agreement with Kingline Development Nigeria Limited, a new power generation firm with Nigerian and South Korean interests.

    The signing of the agreement is expected to lead to the injection of 550 megawatts of electricity into the national grid at the completion of the power project to be located in Ondo State.

    While the Managing Director of the […]

  • Nigeria and China sign Y8m projects study agreement

    Nigeria and China sign Y8m projects study agreement

    Nigeria and the People’s Republic of China, on Monday, signed a bilateral agreement worth more than eight million RMB Yuan for feasibility studies on the second phase of the Abuja Solar Powered Traffic Control Signal, Agricultural Demonstration Centre and the 2016 Bilateral Training Programmes.

    The agreement signed at the sixth session of the Economic, Trade and Technical Cooperation Joint Commission meeting in Abuja, is a prelude to Chinese government’s full involvement in the projects once they are certified feasible.

    The project will […]

  • Why Nigeria can’t sign agreement yet for EU-ECOWAS partnership – Osinbajo

    Why Nigeria can’t sign agreement yet for EU-ECOWAS partnership – Osinbajo

    Yemi Osinbajo, Nigerian Vice-President has said that Nigeria would not sign the Economic Partnership Agreement between the European Union and the Economic Community of West African States until the country ends its ongoing consultations on the agreement.

    The EPA is a free trade deal that had been initialled by EU and ECOWAS negotiators covering trade in goods and development cooperation.

    While a number of West African nations have endorsed the deal, a few including Nigeria have raised issues regarding the implications of […]

  • Buhari to implement Yar’Adua’s agreement with Niger Delta militants

    Buhari to implement Yar’Adua’s agreement with Niger Delta militants

    Nigerian President Muhammadu Buhari is reportedly studying the gazette signed by late President Umaru Yar’Adua on the Niger Delta crisis as one of the possible ways of tackling the renewed violence being orchestrated by the Niger Delta Avengers in the region.

    The purpose of revisiting the gazette, it was further learnt, was to ensure that all the agreements contained in the document were implemented by the Federal Government.

    The development is coming at a time the destruction of oil facilities in the […]