Author: Anthony Persuader
Financial Journalist with global coverage.
Local investors in the debt capital market increased buying momentum on Federal Government of Nigerian
El-Rufai, Soludo, Sanusi Make Case for Subsidy Removal The Kaduna State Governor Malam Nasir El-Rufai and his Anambra counterpart, Prof. Charles Soludo, have urged the Federal Government to end the fuel subsidy regime which has negatively affected Nigeria’s economy. The governors made the call on Tuesday in Abuja during a panel session at the policy conversation on “How Nigeria Can Build a Post-Oil Economic Future”. The symposium was jointly hosted by Agora Policy, a Nigerian Think Tank and the Carnegie Endowment for International Peace. It also featured the presentation of a recently published book titled “Economic Diversification in Nigeria: The…
Britain’s highest court ruled Wednesday it was too late for people in Nigeria’s Niger delta region to lodge pollution claims against energy company Shell PLC after a huge oil spill more than one…
EFCC Arrests ex-Power Minister over N22bn Fraud The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister of Power, Sale Mamman over alleged N22 billion fraud. Competent sources revealed that the former minister was arrested on Wednesday and detained at the EFCC headquarters, Abuja. The sources said that the arrest was in connection with the ongoing investigation by EFCC into alleged corruption in the execution of some power projects According to sources, the minister was alleged to have conspired with a member of staff of the ministry in charge of the accounts of the Zungeru and Mambilla Hydro…
Kaduna Generates N77.1bn IGR in 2022 The Kaduna State Government collected N77.1 billion as Internally Generated Revenue (IGR) in 2022, against the N88.5 billion budgeted The figure represents 87.1 per cent performance. This was announced in Kaduna on Wednesday at the presentation of Citizens Accountability Report (CAR) on the implementation of Kaduna State 2022 budget. Mr Bolaji Osho, Executive Director, SkillsFuture Nigeria, who presented the report, described the achievement as commendable, considering the cash crunch that characterised the 2022 fiscal year in the state. He attributed the 87.1 per cent performance to the consolidation of the state government’s aggressive IGR…
FG, IFAD Pledge to Scale Up ICT Projects for Food Security The Federal Government and the International Fund for Agriculture Development (IFAD), have reiterated commitment to scaling up Information Communications Technology for Development (ICT4D), to empower smallholder farmers. The programme will unlock potentials in the food systems and engender robust development in agriculture value chains for sustainable food security. Dr Ernest Umakhihe, Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD), said this on Wednesday in Abuja, at the FGN/IFAD multi-stakeholder Strategic Dialogue on Scaling-up ICT4D, for smallholder farmers in Nigeria. Umakhihe, represented by Tanimu Ibrahim, Director, Planning in…
FG to Pay N449.9m to Consultants to Develop Masterplan for Airports The Federal Executive Council (FEC) has approved N449.9 million for the engagement of consultants for the development of master plan for 17 airports in Nigeria. Garba Shehu, Senior Special Assistant to the President, Media and Publicity, briefed State House correspondents on Wednesday after the FEC meeting presided over Vice President Yemi Osinbajo at the Presidential Villa, Abuja. Shehu listed the airports as: Murtala Muhammed International Airport, Lagos, Nnamdi Azikiwe International Airport, Abuja, Port Harcourt International Airport and Mallam Aminu Kano International Airport, Kano. Others are: The airports in Owerri, Imo,…
FBNH on Gaining Streaks Amidst Earnings Delay FBNH share price continues uptrend amidst delay in the group’s audited financial statement for 2022. In the stock market, the financial services group has been on rallies. Analysts told MarketForces Africa that value hunters are positioning ahead of the earnings release. The Broadstreet elephant announced a plan to release its audited financial statement and its first-quarter results concurrently this month. A good earnings outturn will likely drive price higher further, and the share price will moderate if the momentum is weak. Data from the local exchange show that FBNH’s share price has increased…
The United States Federal Reserve’s banking report released Monday came in just as expected. Lenders tightened credit conditions
For many people, the effectiveness of physical conversation differs from virtual communication