FG financially buoyant, says finance minister as FAAC holds today
Thursday, 17 May 2012 23:35
administrator
By Abdulwahab Isa
The Federal Government has dispelled fears that it is experiencing financial insolvency and unable to meet its obligations. Instead, it posits that its present financial position is not only solvent but that it has enough assets to match its liquid position, with an external reserves in excess of $36.8 billion in the month of May 2012.
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IG inaugurates police mortgage bank
Thursday, 17 May 2012 23:30
administrator
The acting Inspector-General of Police (IG), Mohammed Abubakar on Wednesday in Abuja inaugurated the Board of Directors of a Primary Mortgage Bank for the Nigeria Police, FOKAS Savings and Loans Ltd.
DMO issues N70bn in 5, 10- yr bonds
Thursday, 17 May 2012 23:29
administrator
The Debt Management Office (DMO) said yesterday it sold 70 billion naira ($440.31 million) worth of 5-year and 10-year bonds maturing in 2017 and 2022 at its regular auction on Wednesday,
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Nigeria’s economic development: Will NEXIM lead the way?
Thursday, 17 May 2012 23:29
administrator
By Bashir Ibrahim Hassan
The portrait of economic and financial news coming out of Nigeria in recent days are blurring. The House of Representative’s probe of the country’s oil subsidy regime from 2009-2011 uncovered a cesspool of corruption and brazen thefts as well as a long list of errors, including lack of accounting, overpayments, stubborn disregard for regulations and outright incompetence in managing the programme.
N88.4bn PHCN gas debt cripples power supply, says Minister
Wednesday, 16 May 2012 23:26
administrator
The Power Holding Company of Nigeria (PHCN) is in N88.44 billion debt, which is crippling power supply in the country, a statement by the Special Adviser on Media to the Minister of Power, Prof. Barth Nnaji, Cdon Adinuba said yesterday.
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