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Tony Elumelu Foundation Announces 1,000 Successful Applicants

The Tony Elumelu Foundation (TEF), an African founded and funded 21st century philanthropic organization committed to entrepreneurship development, ushers in an additional 1,000 African entrepreneurs. Applications were received from over 93,000 entrepreneurs across 55 African countries -  over 100% increase from 2016, and nearly quadruple of the 2015 application numbers. Proving that African youth are indee ...

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Senate Approves $500 million Eurobond for Funding of 2016 Budget Deficit

The Senate on Wednesday approved the request by President Muhammadu Buhari for $500 million Eurobond in the international capital market for  funding  the 2016 budget deficit. The approval was given following a motion moved by the Senate leader Ahmed Lawan that the Senate do resolve to committee of the whole to consider the request of the President. The motion was seconded by the Senate minority leader, Sen ...

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IFAD To Provide Three Grazing Reserves In Sokoto

By Abdallah el-Kurebe The International Fund for Agricultural Development (IFAD) has concluded plans to provide one grazing reserve in each of the senatorial districts of the state. The State Programme Officer and Director General of the Sokoto office of IFAD, Dr. Aminu Aliyu Dogondaji, ‎disclosed during a sensitization meeting on IFAD/CASP programmes with Village areas of Shagari local government that the ...

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Sokoto To Recruit More Agric Extension Workers

Governor Aminu Waziri Tambuwal has given approval for the recruitment of additional extension workers to increase manpower and expertise in the wheat value chain in Sokoto state. Those to be employed are university graduates and holders of national diploma in agricultural science, agric-economy, crop science and related disciplines. Making this known in a statement issued in Sokoto Tuesday, Tambuwal’s spoke ...

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Ex-NNPC boss, Yabuku Gets N300m Bail, Remanded in Prison

(EFCC Press release) Justice A. R. Mohammed of the Federal High Court sitting in Maitama, Abuja on Tuesday, March 21, 2017 granted bail to Andrew Yakubu, a former Group Managing Director, GMD, Nigerian National Petroleum Company, NNPC, who is standing trial on charges of money laundering, non disclosure of assets and fraud. He was admitted to bail in the sum of N300million with two sureties in like sum. One ...

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FG, States And LGC’s Share N429.127 Billion For The Month Of February 2017

A total of N429.127 billion has been distributed  as Federal Allocation for the month of February, 2016 to  Federal Government, State Governments and Local Government Councils. The  communiqué issued by the Technical sub-Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting held today in Abuja, indicated that the gross statutory revenue received for the month is  N290.163 bi ...

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The Continuing Story Of The Paris Club Loans Refunds, By M T Usman

The Nigerian public are not taken in by the sophistry that girdled the Nigeria Governors Forum statement on the vexed issue of the Paris Club loans refunds. They would not understand, let alone accept that state governors would cede between 10 - 30% of the expected refunds to a clutch of consultants for accounts reconciliation, which state Accountants-General are positioned and qualified to undertake with t ...

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CBN Resolves To Retain MPR At 14 Per cent

The Monetary Policy Committee,MPC of  CBN has resolved to retain the MPR at 14.0 percent.This was disclosed  in the communiqué at the end of the committee’s meeting Tuesday. “The Committee, in consideration of the headwinds in the domestic economy and the uncertainties in the global environment, decided by 9 out of 10 members to retain the MPR at 14.0 per cent alongside all other policy parameters. One memb ...

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DigitalSENSE Africa endorses Civic Charter

Leading media group and an At-Large Structure (ALS) of the Internet Corporation for Assigned Names and Numbers (ICANN), the DigitalSENSE Africa (DSA) Media has endorsed the Civic Charter, in support of the global framework for people’s participation. Confirming this in acknowledgement of the letter from the office of Civic Charter being coordinated by Berlin-based International Civil Society Centre (ICSC), ...

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NNPC To Generate 4,000 Megawatts Power

The Nigerian National Petroleum Corporation, NNPC will generate about 4, 000 megawatts of power in the next ten years to boost the supply in the country. This was disclosed by the Corporation’s Chief Operating Officer (COO), Gas and Power, Engr. Saidu Mohammed, at the 2017 retreat of his Autonomous Business Unit, ABU (Gas and Power), in Kaduna, saying this would be achieved through building independent powe ...

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Paris Club Refunds: Adeosun Moves To Debunk Fraud Allegations, Assures On Transparency

The Minister of Finance, Mrs Kemi Adeosun  has opened up on the now controversial  issue of Paris Club Refunds and assured  the public that the Federal Government has consistently complied with all extant rules and regulations in the disbursement of the Paris Club refunds to State Governments. Though she did not say so outrightly, the minister's statement is an apparent attempt to debunk allegations of frau ...

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Paris-London Club Refunds: Col Umar Asks Buhari To Suspend Order To CBN,Ministry

Former Governor of Kaduna State , Colonel Abubakar  D. Umar (Rtd) has asked President Muhammadu Buhari to suspend his order to the Central Bank of Nigeria,CBN  and the Federal Ministry of Finance to pay the second tranche  of Paris Club as well as London Club refunds to states. In a statement on Monday, Umar  described as shocking,  the revelations that governors contracted consultants  at  exorbitant fees ...

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