The Federal Government of Nigeria (FGN) may increasingly shift its borrowing mix from Naira to foreign Dollar denominated debt, as it moves to curb domestic borrowing and boost the local economy. Ngozi Okonjo-Iweala, the coordinating minister of the economy (CME) and finance minister, told representatives of the organised private sector and civil society in Abuja last week that she intended to launch a sinking fund in the 2013 budget.
Updated 7 Years ago

As part of the measures to address the problems facing contractors as a result of the frivolous demands of communities hosting transmission routes, state governors have taken over the acquisition of lands for the Right of Way (ROW) of ongoing transmission projects, under the National Integrated Power Project (NIPP), THISDAY has learnt.
Updated 7 Years ago

Saturday’s governorship election in Edo State has been adjudged to be peaceful free and fair, compared to previous elections in the state. The feat could not have been possible without the excellent conduct of security-men deployed in the state the exercise.
Updated 7 Years ago

The mother of Paul and Peter Okoye of P-Square fame, Mrs. Josephine Okoye died five hours after a heart surgery in an Indian hospital at about 11pm (3am Indian time) on Wednesday.
Updated 7 Years ago

EME artistes, Banky W, Skales, Rotimi and Wizkid kicked off the North-American tour with an amazing performance in Houston.
Updated 7 Years ago

Determined to make her dream come true, beauty queen and model, Nina David has released into the market a brand new single entitled Player.
Updated 7 Years ago

The New Afrika Shrine located at NERDC Road, Agidingbi, Lagos, comes alive on August 2, 2012 as fans of the late great Fela Anikulapo Kuti and lovers of Afro-beat convene to celebrate 15 years since the demise of the Abami Eda.
Updated 7 Years ago

Chairman of the House of Representatives Committee on Drugs, Narcotics and Financial Crimes, Hon. Adams Jagaba, has threatened to drag the former Chairman of the House Adhoc Committee on Petroleum subsidy management, Hon.Farouk Lawan to court should he continue to mention his name in the $3 million bribery scandal.
Updated 7 Years ago

To demonstrate its resolve to embark on full fledged deregulation of the downstream petroleum sector, the Federal Government has approved the scrapping of the Petroleum Products Pricing Regulatory Agency, PPPRA, and its sister company, Petroleum Equalisation Fund, PEF, through which oil marketing and trading companies committed the biggest subsidy and reimbursement scam in the history of the country.
Updated 7 Years ago

AS the zero hour approaches swiftly for the Olympics, one of Nigeria’s most decorated female athletes, Mary Onyali Omagbami has dismissed fears that pressure on athletes may make them fumble at the London showpiece.
Updated 7 Years ago