At a joint reconciliatory meeting on the audit report, held in Abuja on Tuesday, NIETI conceded that the PPPRA had, indeed, no case to answer, contrary to NEITI’s earlier declaration that it stood by the controversial audit report
Browsing: Economy
Similarly, the market capitalisation, which opened at N11.975 trillion, declined by N71 billion to close at N11.904 trillion
Ngama said that before President Olusegun Obasanjo left office, he set up a committee headed by Malam Nasir el-Rufai to devise ways of reducing the huge recurrent expenditure
Abati said that it was inconceivable that AfDB’s report came barely a
month after the United Nations gave an award to Nigeria for its
efforts at reducing poverty significantly in the country
It added as at 2011, unemployment rate was at 24 per cent compared to 21 per cent in 2010, adding that the rate was high among the age bracket of between 15 and 24 and 25 to 44 at 38 per cent and 22 per cent respectively
This directive was contained in a press statement signed by the Deputy
Director, AGF’s Office, Charles Nwodo, which was made available to the
News Agency of Nigeria on Thursday in Abuja
Commenting on the new offering, which went live recently, the Managing
Director/CEO of Guaranty Trust Bank Plc, Segun Agbaje, said the
upgrade will make it more convenient for people to commence banking
relationships with the Bank
Stated Srivastava: “The Step Up promo is based on general knowledge
questions. While testing out one’s general knowledge, it also offers
one the opportunity to win as much as N2M. This is a great way of
horning one’s general knowledge and at the same time qualifying to
winning prizes
This notwithstanding, the bank said Nigeria had yet to tap into the
huge potentialities in the region for growth, economic diversification and integration
The Vice President, during the meeting, stressed that the President
Goodluck Ebele Jonathan-led administration strongly believed that with the measures already put in place regarding laws and regulations, Nigeria should not continue to remain on the public statement of the FATF
“That is why it becomes absolutely necessary that we review to reflect the socio-economic changes in Nigeria and the desire of the Nigerian people
He said there was never a time the audit report was “signed-off” by
the management of the PPPRA, challenging NEITI to make a copy of the
sign-off public, to prove its claim against PPPRA
Mary Ellen Iskenderian, president and CEO of Women’s World Banking, said that adding Nigeria to the 28 developing countries, where the organisation works in providing access to finance to low-income women, is very exciting
African business leader and philanthropist, Elumelu, who is the Chairman of Heirs Holdings, said: “Redeveloping one of the country’s most iconic malls is part of our commitment to drive development and move Nigeria forward through our business activities
Julius Berger trailed with N1.43 to close at N179.33 per share, while
Dangote Cement lost N1 to close at N195 per share
The minister said that the country needed to invest an average of $25
billion (N4 trillion) per annum from 2014 to 2018 on infrastructure,
compared with $10 billion (N1.6 trillion) the government currently
spent
The visit equally afforded the Ambassador the opportunity to discuss arrangements for the forthcoming Nigeria-Singapore Business and Investment Forum, being organized by the the High Commission in collaboration with the Singapore Business Federation and International Enterprise, Singapore
The governor reiterated his administration’s commitment to provide basic socio-economic infrastructure development to enhance the actualization of the “Delta Beyond Oil” initiative
The state government was represented by a powerful delegation of its economic team, which included Okubor; the Commissioner for Commerce, Dr. Kingsley Emu; the Commissioner for Information, Chike Ogeah; and the Senior Special Adviser to the Governor on Foreign Relations, Oma Djebah
Stanley explained that the N4.423 billion ‘over-recovery’ that the PPPRA was asked to remit was not correct, noting that only the Nigeria National Petroleum Corporation still has an outstanding payment of about N3.98 billion to be paid into the account of the Central Bank of Nigeria