The Big Story articles

Editors condemn Nigerian Press Council Repeal Bill

Editors condemn Nigerian Press Council Repeal Bill

Lagos, Nigeria – The Nigerian Guild of Editors has vehemently and totally condemned the Nigerian Press Council Act 1992 (Repeal and Enactment Bill 2018) which is currently before the Senate and has passed second reading. This was contained in the communiqué issued at the end of the Standing Committee meeting of the Guild held on

Forex: CBN flags off SMIS in Chinese Yuan

Abuja, Nigeria – The Central Bank of Nigeria (CBN) on Friday, July 20, 2018, flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the Bilateral Currency Swap Agreement (BCSA) signed with the People’s Bank of China (PBoC) on April 27, 2018. A statement issued by the

AMCON Debts Must Be Recovered Before Sunset–House of Reps

Abuja, Nigeria – Barely one week after the Senate Committee on Banking, Insurance and other Financial Institutions called on Gen. Muhammadu Buhari Rtd., President of the Federal Republic of Nigeria and Commander-in-Chief of the Armed Forces to issue an Executive Order on seizure of assets of persons who are indebted to Asset Management Corporation of

Budget Minister Emphasises Population Management In Economic Growth

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has stressed the need for robust population management policies. Senator Udoma made this known while speaking at an interactive session at the ongoing Parliamentary Open Week, which kicked off at the National Assembly in Abuja on Monday. He told the lawmakers that population management

Afreximbank launches Mansa, Africa’s Due Diligence Data Platform

Abuja, Nigeria – The African Export-Import Bank (Afreximbank) launched “Mansa” yesterday in Abuja – a pan-African customer due diligence platform that will facilitate African trade by providing the single trusted source of primary data required to conduct due diligence checks on counterparties in Africa. The Mansa platform is being positioned as the centralised ‘go to’

AMCON Takes over Sigma Apartments, Abuja over ₦1billion Debt

Hon. Justice B.F.M. Nyako of the Federal High Court Abuja Division has granted an order for Asset Management Corporation of Nigeria (AMCON) to take over Sigma Apartments owned by Sigma Engineering & Construction Limited. Sigma Apartment is promoted by Saidu Samaila Balarabe Sambawa, a former Minister of Sports and Social Development of the Federal Republic

Macron Embraces African Entrepreneurship

Lagos, Nigeria– French President Emmanuel Macron offered a bold and new vision of France’s relationship with Africa, speaking to Tony Elumelu Entrepreneurs in Lagos today. He passionately advocated a new partnership, prioritizing the role of entrepreneurship in driving Africa’s renaissance, highlighting the importance of the private sector and urging the creation of a business ecosystem

NNPC underpayment: Adeosun asks Buhari, govs to act

• ‘We had agreement with governors on N147bn remittance’ The Minister of Finance, Mrs Kemi Adeosun, on Thursday said she had briefed President Muhammadu Buhari, Vice President Yemi Osinbajo and state governors on the monthly meeting of the Federation Account Allocation Committee that ended in a deadlock on Wednesday. Adeosun said this while briefing State

World Bank approves $2.1bn loan for seven Nigerian projects

The World Bank has announced the approval of $2.1bn loan for seven projects to be executed in Nigeria. A statement issued in Abuja on Thursday said the loans were approved in Washington DC on Wednesday and were for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s