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2017 Budget: FG To Release N350bn For Capital Projects

2017 Budget: FG To Release N350bn For Capital Projects

The Federal Government is set to release the first tranche of capital release of N350bn to its Ministries, Departments and Agencies for implementation of the 2017 budget. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this on Monday in Abuja during the public presentation of the 2017 Federal Government budget. The event was attended by […]

3,050mw Mambilla Hydro Project Sees Hope

3,050mw Mambilla Hydro Project Sees Hope

Hopes that the long delayed construction of the 3,050MW Mambilla hydropower project in Taraba State will resume soon were raised yesterday when a ‘No Objection’ certificate from the Bureau of Public Procurement (BPP) landed on the desk of Minister of Power, Works and Housing Babatunde Raji Fashola. The minister, who granted an exclusive interview to […]

CBN Pumps In $995m, Mulls New Forex Retail Option

CBN Pumps In $995m, Mulls New Forex Retail Option

The Central Bank of Nigeria is contemplating introducing a new FOREX retail option in Nigeria, just as it released another $195million into the market today. The bank last week released $800 million , making a total of $995million injection, in eight days. The bank hoped that the fund will adequately meet the requests of customers […]

Nigeria’s Current Account Balance Hit N823 Billion

Nigeria’s Current Account Balance Hit N823 Billion

Showing a sign of recovering from a deficit of $15.43 million in 2015, Nigeria recorded a positive current account balance of $2.72 (N823 billion) million in 2016. The Organisation of the Petroleum Exporting Countries (OPEC), which made the disclosure in its 2017 Annual Statistics released recently, showed that OPEC countries recorded a collective current account […]

Nigerian Stock Exchange Reverses Loss, Makes Gain

Nigerian Stock Exchange Reverses Loss, Makes Gain

The Nigerian stock exchange, NSE, on Wednesday gained some 1.38% points to reverse its two day consecutive loss. The All Share Index closed at 33,598.20 basis points, gaining 456.35 basis points when compared to Tuesday’s closing of 33,141.85 basis points. Likewise, the market capitalisation for Wednesday closed at 11.618 trillion Naira, gaining 158 billion Naira […]

Nigeria’s Inflation Rate Drops To 16.25% In May – NBS

Nigeria’s Inflation Rate Drops To 16.25% In May – NBS

Nigeria’s Inflation rate eased further from 17.24 percent in April 2017 to 16.25 percent in the month of May, Business Post reports. Data released on Thursday by the National Bureau of Statistics (NBS) revealed that the drop was by 0.99 percent during the period. It is also the fourth consecutive time the inflation rate was […]

Principal Legal Counsel, Administrative Tribunal Job At African Development Bank (AfDB)

Principal Legal Counsel, Administrative Tribunal Job At African Development Bank (AfDB)

Established in 1964, the African Development Bank Group (AfDB), is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through […]

Chief Agricultural Economist Job At African Development Bank (AfDB)

Chief Agricultural Economist Job At African Development Bank (AfDB)

Established in 1964, the African Development Bank Group (AfDB), is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through […]

Chief Agro-industrial Officer Job At African Development Bank (AfDB)

Chief Agro-industrial Officer Job At African Development Bank (AfDB)

Established in 1964, the African Development Bank Group (AfDB), is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through […]

Chief Enterprise and Small and Medium Enterprise Development Officer Job At African Development Bank Group (AfDB)

Chief Enterprise and Small and Medium Enterprise Development Officer Job At African Development Bank Group (AfDB)

Established in 1964, the African Development Bank Group (AfDB), is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through […]

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