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Author Archives: Tony Manuaka

Ann Chiejina

Owerri Community Celebrates Ex-Falcons Keeper, Chiejine, Others

Owerri Community Celebrates Ex-Falcons Keeper, Chiejine, Others

  Ann Chiejina,  Nigeria’s foremost female goalkeeper, led the pack of distinguished awardees at the maiden edition of the Umunahu Community Development Union, Lagos chapter last weekend when she was honoured with the Excellent Leadership Award by   the community where she hails from, in Owerri North Local Government Area of Imo State. Organisers of the

Mounir Gwarzo Photo

FG Suspends SEC DG

  The federal government has suspended the Director-General of the Securities and Exchange Commission, SEC, Mounir Gwarzo, from office, to allow for an unhindered investigation of several allegations of financial impropriety leveled against him. Patricia Deworitshe, Deputy Director, Ministry of Finance in a statement issued on Wednesday,  said the suspension was in line with the

Kemi Adeosun Photo

Nigeria Floats US$3bn Dual-Tranche Bond to Fund 2018 Budget

Following the presentation of the N8.6 trillion 2018 Budget to the the National Assembly two weeks ago, the Federal Government on Monday announced that it has priced its offering of US$3 billion aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note programme (increased from US$1.5 billion). The Ministry of

Kemi Adeosun Photo

Why FG Delays Payment of Whistleblower

  The Federal Government has given reasons for the delay in fulfilling its obligation to the Whistleblower, who provided the tips that led to the recovery of funds stashed away in a property in Ikoyi, Lagos earlier this year. Finance Minister, Kemi Adeosun while giving reasons for the delay in payment,  explained that the Ministry

FG Approves Tax Relief For Private Sector To Aid Road Infrastructure Development

As part of efforts to unlock socio-economic development, facilitate investment and achieve inclusive economic growth, the Federal Executive Council on Thursday approved a tax relief scheme to attract private sector investors in the provision of federal road infrastructure across the country. This follows a Memorandum for the setting up of a Road Trust Fund, RTF,

Power Photo

Nigeria, Japan In Crucial Talk On Power, Infrastructure Projects

The federal government of Nigeria has opened bilateral discussions with Japan International Cooperation Agency (JICA) for power and infrastructure development as well as some pipeline projects. Finance Minister, Kemi Adeosun led the Nigerian delegation to the talks while the Senior Vice President of JICA, Hiroshi Kato, led the JICA delegation. A statement issued by the

Kemi Adeosun Photo

Renewable Energy: World Bank, IMF To Rescue Nigeria

Nigeria’s finance minister, Kemi Adeosun, has called on the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver infrastructure development and meet global climate goals. Adeosun presented the country’s position on renewable energy and regional integration at the G24 Finance

World Bank Photo

World Bank Meeting: Nigeria Wins Youth Development Initiative

    Nigeria has for the second successive year, been declared winner of the Ideas for Action initiative, a youth competition on financing for development, which is yearly organised by the World Bank Group in collaboration with the Zicklin Center for Business Ethics Research. Reports from Washington, venue of the annual meetings of World Bank

Kemi Adeosun Photo

FG To Spend N100bn Sukuk Bond Proceeds On 25 Road Projects

The Federal Government has released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects of the Federal Ministry of Power, Works and Housing across the country. Finance Minister, Kemi Adeosun, on Thursday, handed over the N100 billion proceeds cheque to the Minister of Power, Works and Housing, Babatunde Fashola at

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