Ecomony articles

Illegal Funding of FG: The key question CBN Governor, Emefiele, failed to answer

Illegal Funding of FG: The key question CBN Governor, Emefiele, failed to answer

In apparent response to an exclusive report by PREMIUM TIMES, the Governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday scrambled to defend his bank’s huge funding of the federal government. This newspaper had published a report on Monday detailing the CBN’s massive financing of the federal government in clear contravention of the

Buhari meets Adeosun, Emefiele, says he’s happy with state of the economy

President Muhammadu Buhari is delighted over the improving state of the economy, Femi Adesina, his spokesman, has said. In a statement on Monday, Adesina said Buhari spent about two hours receiving briefing from Udoma Udo Udoma, minister of national budget and planning; Kemi Adeosun, minister of finance, and Godwin Emefiele, governor of Central Bank of

EFCC quizzes MDs of Forte Oil, Oando, Total, ‘recovers’ N329bn debt

The Economic and Financial Crimes Commission (EFCC) says it recovered N328.9 billion debt after quizzing the managing directors of nine major oil companies, including Forte Oil, Oando and Total. The other companies are Conoil Plc, OVH Energy Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc. Wilson Uwujaren, EFCC spokesman, who disclosed this in

Nigerians express concern over indiscriminate bank charges-Report

A recent public opinion poll by NOIPolls has revealed that most Nigerians (80 percent) are expressing concern over what they refer to as incessant and indiscriminate bank charges levied on their accounts by commercial banks. The poll, which was prompted by recent media reports and commentary on bank charges and deductions from customer accounts without

2017 budget: Nigerian govt set to release N350 billion for capital projects – Adeosun

The Minister of Finance, Kemi Adeosun said that the federal government was ready to release N350 billion, being the first tranche for implementation of the 2017 budget. Mrs. Adeosun said this on Monday in Abuja at the public presentation of 2017 Appropriation Act. She said that the Federal Government had enough cash available to immediately

Osinbajo signs new laws to allow you use freezer, generator as collateral for bank loan

Acting President Yemi Osinbajo has signed two new laws that would help facilitate access to more affordable credit facilities for businesses in the country. In a statement on Tuesday, Laolu Akande, Osinbajo’s spokesman, listed the acts to include the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit

BREAKING: National Assembly passes 2017 budget

The National Assembly has passed the 2017 Appropriations Bill, raising the budget from N7.28 billion earlier proposed by President Muhammadu Buhari in December last year, to N7.44 trillion. The Appropriations Committees of the Senate and the House of Representatives separately presented their harmonised reports of the budget for consideration and subsequent passage on Thursday. According

BOOK REVIEW: ANEEJ expands the oil subsidy debate with new book

Title: Fatality of Nigerian Oil Subsidy Politics. ISBN 978-978-959-255-8 Authors: The Rev David Ugolor & Comrade Leo Atakpu. Publisher: The Africa Network for Environment and Economic Justice (ANEEJ) Number of Pages: 76. Reviewer: Erhisohwode Assurance Ovie. A book is a work of art requiring a lot of discipline and painstaking dedication and commitment in all

Top