Business

Fashola Signs N489.69b Budget

Fashola Signs N489.69b Budget

Business January 14, 2014 at 8:59 am 0 comments

Lagos State Governor Babatunde Fashola signed yesterday the 2014 Appropriation Bill of N489.69 billion into law. He said all hands must be on deck to ensure optimum implementation of the budget.
The House of Assembly passed the budget last Thursday, paving the

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Reducing Cost Of Governance: FG Stops Foreign Training For Civil Servants

Reducing Cost Of Governance: FG Stops Foreign Training For Civil Servants

Business January 10, 2014 at 4:07 pm 0 comments

As part of efforts to reduce cost of governance, the Federal Government has directed that training of personnel of ministries, departments and agencies must be held in the country from 2014.
This is contained in a document analysing the 2014 budget on major focus of government to ensure good governance released

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Concessionaire To Pay N117b For Lagos-Ibadan Expressway

Concessionaire To Pay N117b For Lagos-Ibadan Expressway

Business January 8, 2014 at 5:37 pm 0 comments

Private investors will bear 70 per cent of the N167billion rebuilding cost of the Lagos-Ibadan Expressway to ensure its timely completion, the Federal Government said yesterday.
The government will bear 30 per cent of the cost, which is about N50billion.
The government, however, said it would only be able to

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Access Bank

Cameroonian Bank Buys Access Bank’s Subsidiary

Business January 7, 2014 at 6:37 pm 0 comments

Cameroon’s Afriland First Bank Group, has bought the subsidiary of Access Bank Plc in Ivory Coast. The transaction was completed after the new buyers paid a sum of $1million.
Despite Access Bank’s success in Nigeria, it was said to have struggled for survival in Ivory Coast, a development that made

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Lack Of Funds Delay Work On Lagos-Ibadan Expressway; Govt To Concession Road

Lack Of Funds Delay Work On Lagos-Ibadan Expressway; Govt To Concession Road

Business January 7, 2014 at 8:43 am 0 comments

Investigations has revealed that work is being delayed on the Lagos-Ibadan Expressway due to lack of fund. A source who revealed to a reporter, stated that there is high posibility that the federal government might hand over the road to a concessionaire.
The Nation reports that motorists will continue to

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$11Billion Not Missing, We Have Spent It – NNPC

$11Billion Not Missing, We Have Spent It – NNPC

Business January 6, 2014 at 6:07 pm 0 comments

The Nigerian National Petroleum Corporation (NNPC) has dismissed the claim that the sum of $10.8billion, out of the alleged unremitted $49.8 billion crude oil fund, was missing.
Rather the corporation said that the money has been spent on the various services it renders for the government, such as “the unpaid

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