• Central Bank disburses $355.74 million for raw materials import in October

    Central Bank disburses $355.74 million for raw materials import in October

    The Central Bank of Nigeria (CBN) disbursed a total of $355.74 million for raw materials imports in the month of October.

    A statement by the bank said the amount was about 40.99% of the total 867.83 million dollars CBN special interbank foreign exchange package.

    Out of the 356 million dollars CBN raw materials FX intervention last month, the highest amount goes to school fees, medicals and other invisibles.

    At the second place was petroleum industries with 150.81 million dollars while the manufacturing sector […]

  • CBN released $867 million in October

    CBN released $867 million in October

    In continuation of its resolve to ease foreign exchange pressure on the strategic actors of the economy, the Central Bank of Nigeria (CBN) granted access to about 7,792 requests for $867 million in October.

    According to statistics obtained from the CBN’s website, the raw materials sector received about $355.75million or 40.99 per cent of the total value of forex utilisation for the month at $867.8 million..

    The data also show that other end users like the manufacturing and petroleum industries got access […]

  • Why FG missed October deadline to employ 200,000 – Osinbajo shares reasons

    Why FG missed October deadline to employ 200,000 – Osinbajo shares reasons

    Vice-President Yemi Osinbajo has attributed the failure of the Federal Government to engage 200,000 graduates in October as promised to the need to get the required equipment.

    He however assured Nigerians that the graduates would be engaged in the next two weeks.

    According to a statement on Sunday by his spokesman, Mr. Laolu Akande, the Vice-President disclosed this while speaking at the Apostolic Coalition Summit in Lagos.

    “The programme should have commenced as of October 31, 2016, but is delayed on account of […]

  • FG’s school feeding programme, kicks off October, says Osinbajo

    FG’s school feeding programme, kicks off October, says Osinbajo

    Vice President Yemi Osinbajo has disclosed that the Social Investment programmes of the Federal Government, where it has budgeted half a trillion naira, will kick off this month.

    Osinbajo said the programmes have reached advanced stages as the selection of the first 200,000 unemployed graduates to get jobs is almost completed.

    Speaking with newsmen at the Presidential Villa, the vice president  disclosed that “we expect that before the end of the month, we will engage 200,000 out of the 500,000 unemployed graduates […]

  • FG may file fraud charges against ex-governors in October

    FG may file fraud charges against ex-governors in October

    It was gathered that the Federal Government, through its newly set up National Prosecution Coordination Committee, may start filing fraud charges against some former governors before the end of October, it was learnt on Sunday.

    It was learnt that the NAPCC and some of the special teams of prosecutors, pooled together by the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, had commenced the review of the corruption cases involving some of the former governors and politically-exposed […]

  • Court to rule on Jonathan’s wife’s $15.5m October 7

    Court to rule on Jonathan’s wife’s $15.5m October 7

    A former Special Adviser on Domestic Affairs to ex-President Goodluck Jonathan, Waripamo Dudafa, yesterday urged the Federal High Court in Lagos to nullify the guilty plea by four companies linked to Jonathan’s wife, Patience.

    The companies on September 15 pleaded guilty to laundering $15,591,700 (about N5billion) when they were arraigned.

    They are: Pluto Property and Investment Company Ltd (represented by Friday Davis), Seagate Property Development and Investment Company Ltd (represented by Agbor Baro), Trans Ocean Property and Investment Company Ltd (represented by […]

  • Made-in-Nigeria Suzuki ready in October – Boulos

    Made-in-Nigeria Suzuki ready in October – Boulos

    Boulos Enterprises Ltd, authorised dealer of Suzuki products in Nigeria, said it will push a made-in-Nigeria Suzuki Super Carry to the Nigerian market next month.

    According to the organisation, the vehicle will launch with complete vehicle warranty and extended service intervals as the first of the vehicles are expected to be available to order from next month.

    The organisation, which said in a release on Wednesday that it has completed training course for dedicated Suzuki Super Carry technicians said the training, included […]

  • 2017 budget ready in October – Udo-Udoma

    2017 budget ready in October – Udo-Udoma

     

    The Minister of Budget and National Planning, Mr Udoma Udo-Udoma said the 2017-2019 Medium Term Expenditure Framework would be ready and submitted to the National Assembly for consideration by October.

    Udo-Udoma said this in Abuja on Monday at a Stakeholders Consultative Forum with Civil Society Groups and organised private sector on the 2017-2019 Medium Term Expenditure Framework.

    He also said the Federal Government had expended N2.1 trillion out of the N6.06 trillion approved budget for 2016 while only N253 billion of the […]