Finance

Central Bank Governor Malam Sanusi Lamido Sanusi on Wednesday said there was the need for the ongoing constitutional review to address the high cost of governance in the country Sanusi made this known at the Financial Sector Forum at the just concluded...

Mr Remi Olowude, the President of Nigerian Insurers Association (NIA), yesterday urged all tiers of government to collaborate with the association to set up a National Flood Insurance Fund Programme. Olowude made the call after his investiture as the 2...

The Niger Delta Development Commission (NDDC) said it had commenced construction of 15.5 km Amaba-Ezere-Ozara-Acha-Ivo Road with two bridges and three double culverts. The commission’s Head of Public Affairs, Mr Iditoye Abosede, said this in a st...

Ogun Government on Monday signed a Memorandum of Understanding with four construction firms to construct eight roads across the state, valued at 90.3 billion. The News Agency of Nigeria (NAN) reports that the companies are China Civil Engineering Const...

The Rivers Government says it has saved a total of N34 billion for the ``rainy day.” The News Agency of Nigeria (NAN) reports that Gov. Chibuike Amaechi, at the inception of his administration in 2007, had promised to make a compulsory saving of ...

The Central Bank of Nigeria (CBN) says non-power companies that want to refinance existing loans have to apply two years earlier. The apex bank gave this directive in a circular posted on its Website titled: “N300 Billion Power and Airline Interv...

The Minister of Finance, Dr Ngozi Okonjo- Iweala, on Monday in Abuja, urged the House of Representatives to approve a $9 billion  external borrowing plan from 2012 to  2015.  Okonjo-Iweala, who is also the Coordinating Minister  for...

Princess Maxima, United Nations Secretary General’s Special Advocate for Inclusive Finance for Development, on Wednesday said all stakeholders must collaborate to ensure financial inclusion in Nigeria. Maxima said this while briefing newsmen on t...

The Kano State Government is to spend N72.5 billion on the construction of roads this year. The state's Commissioner for Lands and Physical Planning, Alhaji Mohammed Yahaya, made the announcement on Sunday while speaking with newsmen, shortly after...

Hajiya Maryam Ibrahim, president of the Association of National Accountants of Nigeria (ANAN) says Nigeria needs no fewer than 100, 000 professional accountants  for effective coverage.  Ibrahim, who featured at a forum of the News Agency of ...

The Association of National Accountants of Nigeria (ANAN) has called for autonomy for the Office of the Auditor-General of the Federation. Its president, Hajiya Maryam Ibrahim, made the call on Sunday in Abuja when she fielded questions at a forum of t...

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Thursday said the incessant fuel queues in the country were a result of panic buying due to deliberate misinformation. Alhaji Sanusi Abdulkarim, the Kaduna Refinery and P...

The Federal Inland Revenue Service (FIRS) in Akwa Ibom says it will Investigate the extent of tax evasion and prosecute culprits in the state. The state Tax Controller, Mrs Mafiana Uche, gave the warning while briefing newsmen in Uyo on Thursday. Uche ...

Prof. Akin Iwayemi, President, Nigerian Economic Society (NES), on Wednesday commended the Federal Government for presenting its 2013 budget proposal before the National Assembly three months to the end of 2012. Iwayemi said in an interview with the Ne...

President Goodluck Jonathan on Wednesday presented a budget of N4.9 trillion to the Joint Session of the National Assembly. The figure is 5 per cent more than the N4.7 trillion the president presented in the outgoing year. The sum of N2.41 trillion is ...