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Nigerian Govt Says Its National Airline Will Take off Before December

(AFRICAN EXAMINER) – The Nigerian government has said the proposed national airline for the country would be unveiled before the end of the year. The Minister of State for Aviation, Sen. Hadi Sirika gave the assurance while receiving the Outline Business Case Certificate of Compliance for the establishment of the airline from Mr Chidi Izuwah, […]

New Alcohol, Tobacco Excise Duty in Nigeria Kick Off Monday

(AFRICAN EXAMINER) – The new excise duty for alcoholic beverages and tobacco earlier approved by President Muhammadu Buhari will take effect from Monday, June 4, 2018, says the Federal Government. The News Agency of Nigeria (NAN) recalls on Sunday that the Minister of Finance, Mrs Kemi Adeosun, in March announced that the president had granted […]

NNPC Retail Now Holds 14% Petroleum Products Retail Business

Photo caption: Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, (R) and Managing Director of NNPC Retail Limited, Mr. Yemi Adetunji  at the NNPC Towers in Abuja on Tuesday. … Says More Stations in Pipeline (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) said Downstream subsidiary, the NNPC Retail Limited, […]

Fuel Subsidy Payments: Senate Orders NNPC to Refund N216Bn

ABUJA, NIGERIA (AFRICAN EXAMINER) – The Senate has described as illegal and called for refund of the current payments being made by the Nigerian National Petroleum Corporation NNPC for subsidy of Premium Motor Spirit PMS, otherwise called petrol. Following this, the Senate Committee on Public Accounts recommended in its report on the investigation into the […]

Adeosun Reassigns Portfolios in SEC, Appoints New Acting DG

(AFRICAN EXAMINER) – The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC). Ms. Mary Uduk will assume the position of Acting Director-General of the Commission. Uduk’s appointment is governed by the provisions of the Investments and Securities Act (ISA), 2007 and the […]

Nigerian Government Extends VAIDS Compliance Deadline till June 30

ABUJA, NIGERIA (AFRICAN EXAMINER) – President Muhammadu Buhari has extended the compliance deadline to the Voluntary Assets and Income Declaration Scheme VAIDS till Wednesday, June 30 2018. The extension was announced in a statement issued Wednesday in Abuja by the Special Adviser on Media and Publicity to Mr. President, Femi Adesina. The statement indicated that […]

Niger Delta Needs More Oil Blocs to Boost Development, Say Gov Dickson

(AFRICAN EXAMINER) – The Governor of Bayelsa State, Honourable Henry Seriake Dickson on Saturday demanded that more oil blocs should be given to the oil-producing areas because they are “the ancestral properties of Niger Delta.” He also called on the multinational oil colonies to heed the directive by Vice President Yemi Osinbajo (SAN) to relocate […]

Nigeria Signs MOU With Switzerland For Refund Of $321m Abacha’a Loot

Photo: Nigeria’s Minister of Justice and Attorney General of the Federation (AGF) Mr. Abubakar Malami (AFRICAN EXAMINER) – Nigeria has signed a Memorandum of understanding (MOU) with Switzerland for the return of the sum of $321m looted funds to Nigeria. Minister of Justice and Attorney General of the Federation AGF, Mr. Abubakar Malami, signed the […]

Our Strategy Will Tackle Debt Service Risk -Adeosun

Photo: Nigeria’s Minister of Finance, Mrs. Kemi Adeosun (AFRICAN EXAMINER) – The Honourable Minister of Finance, Mrs. Kemi Adeosun, has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk and fast-track her development. The Minister, who welcomed the advice of Nigeria’s international development partners, including the International […]

Federation Account Recorded N797bn VAT Revenue in 10 Months, Says Adeosun

Photo: Nigeria’s Minister of Finance, Mrs. Kemi Adeosun …To Extend Tax Compliance to Private Sector (AFRICAN EXAMINER) – Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017, the Honourable Minister of Finance, Mrs. Kemi Adeosun, revealed on Tuesday. The non-oil revenue represents 46.15 per cent of […]

Buhari Asked Us to Shift Focus to Northern Nigeria, Says World Bank President

Photo:President of the World Bank Group, Mr. Jim Yong Kim By Oludare Sunday Fase, Washington, DC (AFRICAN EXAMINER) – President of the World Bank Group, Mr. Jim Yong Kim told reporters that Nigeria’s President Muhammadu Buhari specifically requested that the group shift it focus to the northern region. Mr Kim disclosed this during a press […]

OPEC Extends Nigeria’s Exemption On Oil Production Cut

(AFRICAN EXAMINER) – The Joint Organization of Petroleum Exporting Countries OPEC and non-OPEC Ministerial Monitoring Committee, JMMC has extended the exemption granted Nigeria on the output cut which was imposed on member countries in January 2017. The meeting of the body which held Friday in Vienna, Austria, upheld Nigeria’s position that the exemption, which was […]

Ebonyi Tackles Federal Government Agencies Over Unremitted Funds

From   Ignatius   Okpara, Abakaliki The governor David Nweze Umahi, led administration  in Ebonyi state, South-east Nigeria, has threatened to drag some federal government owned establishments operating in the state to court over alleged tax evasion and failure to make remittances due to the state. The state Commissioner for Finance and Economic Development, Dennis Ekumankama, gave […]

Nigeria Loses More than 140 Billion Weekly to Apapa Gridlock -Dangote

President of Dangote Group, Aliko Dangote has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf road as its grim state serves as both an embarrassment to the country and a huge financial loss to the government on a weekly basis. Dangote who spoke on Tuesday said “The economy loses more […]

N2.5 Trillion Debts: AMCON Says Judiciary Frustrating Recovery Efforts

Photo caption: Managing Director/Chief Executive Officer (CEO) of AMCON, Mr. Ahmed Kuru From  Ignatius Okpara, Enugu (AFRICAN EXAMINER) – The Asset Management Corporation of Nigeria (AMCON), has accused the nation’s judiciary of constituting a stumbling block in its efforts towards recovering a whopping sum of 2.5 trillion being owed the federal government  by about 350 persons […]

Dangote Praises CBN, Emefiele’s Policies over Recovery of Nigeria’s Economy from Recession

(AFRICAN EXAMINER) – President of the Dangote Group, Alhaji Aliko Dangote, has commended the policies of the Central Bank of Nigeria, saying they contributed immensely to the recovery of the country’s economy from recession. He also commended the Governor of the apex bank, Godwin Emefiele, saying his resilience to keep going despite the challenges and […]

Elumelu, African Leaders Commend AFC on World Class Governance Standards

(AFRICAN EXAMINER) – Chairman, United Bank for Africa Plc,  Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions  targeted towards supporting African economies in the last few years noting that these initiatives have gone a long way in fostering growth and diversity on the continent. Elumelu , who gave […]

G20 Finance Ministers Back Out Of Anti-Protectionist Deal

BALTIMORE, MD (AFRICAN EXAMINER) – The G20 Finance Ministers have dropped an anti-protectionist commitment due to opposition from the US. In spite of the resolution, the world strongest economy Ministers left the two-day meeting without renewing their long-standing pledge to bolster free trade. It would be recalled that the group last year vowed to “resist […]

Regulatory Agencies Must Act as Agents Of Change —Osinbajo

(AFRICAN EXAMINER) – It is the role of government’s regulatory agencies to act as catalysts of beneficial change and to take responsibility for facilitating businesses in the country, according to Acting President Yemi Osinbajo   “We must see ourselves as agents of some catalytic change, we must take some responsibility to make profound changes possible,” […]

Ex-IMF Boss Rodrigo Rato Jailed over Embezzlement

BALTIMORE, MD (AFRICAN EXAMINER) – Former IMF boss Rodrigo Rato has been sentenced for four years and six months in prison over financial misconduct. Mr. Rato was found guilty Thursday for misusing funds when he was the boss of two Spanish banks. Spain’s National Court, which deals with corruption and financial crime cases, held that he […]

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