President Muhammadu Buhari has challenged Ministries, Departments and Agencies to intensify capital project delivery efforts and fully cooperate with the Ministry of Finance, Budget and National Planning to achieve the laudable objectives of the revised 2020 Budget. The president gave the challenge while signing the revised 2020 appropriation bill into law at the Presidential Villa, Read More…
Capt. Ibraheem Olugbade, Executive Director, SIFAX Off Dock, has urged stakeholders in the maritime sector to adopt cargo movement through barge to off dock to decongest Lagos ports. Olugbade gave the advice in a statement signed by Mr Muyiwa Akande, Corporate Affairs Manager, SIFAX Group, in Lagos on Friday. According to Olugbade, the challenges of Read More…
PICTURE ABOVE CREDIT: Phillip Obin President Muhammadu Buhari has signed into law the revised N10.8 trillion 2020 budget, and directed the release of at least 50 per cent of the approved 2020 revised capital expenditure to Ministries, Departments and Agencies (MDAs). The Federal Executive Council (FEC) had on May 13, approved a revised budget of Read More…
President Muhammadu Buhari will on Friday sign into law the revised 2020 budget passed by the National Assembly in June. The Personal Assistant on New Media to the President, Bashir Ahmad, confirmed this on his Twitter handle in Abuja on Thursday. The two chambers of the National Assembly, Senate and House of Representatives, had on Read More…
PICTURE ABOVE CREDIT: businessamlive.com The Nigeria Ports Authority (NPA) said 17 ships laden with petroleum products, food items and other goods are expected to berth in Lagos ports from July 9 to July 20. The NPA made this known in its publication, `Shipping Position’, on Thursday. The publication said that the ships were conveying frozen Read More…
Minister of Finance, Budget $ National Planning, Zainab Ahmed on Thursday met with the leadership of the National Assembly on plans to submit the 2021 to 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) later in July. The Minister, while briefing principal officers of the Senate and House of Representatives led by the Read More…
Power Distribution Companies (DisCos) have advocated a Central Bank-funded massive meters roll-out project, to ensure that electricity customers were adequately metered. The DisCos said on Thursday in Abuja that the massive roll-out of meters would assist in the full take off of the proposed Service Reflective Tariff (SRT). Mr Sunday Oduntan, Executive Director, Research and Read More…
Sentiments in the nation’s bourse weakened on Thursday, with the All-Share Index dropping by 0.01 per cent. Specifically, the All-Share Index (ASI) decreased by 1.51 points to close at 24,276.56 in contrast with 24,278.07 achieved on Wednesday. Accordingly, Month-to-Date and Year-to-Date losses stood -0.8 per cent and -9.6 per cent, respectively. Similarly, the market capitalisation Read More…
Hajia Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday presented the draft 2021 to 2023 Medium Term Expenditure Framework(MTEF) as well as the Fiscal Strategy Paper to the National Economic Council(NEC). Ahmed, who spoke with State House correspondents after the virtual NEC, said it was one of the main consultations that Read More…
The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation. The affected companies include Aso Savings and Loans, Deap Capital Management & Trust, DN Tyre & Rubber, FTN Cocoa and Goldlink Insurance. Others are International Energy Insurance, Medview Read More…