Fund Managers

The Executive Secretary and Chief Executive Officer of the National Lottery Trust Fund, Bello Maigari, has commended the Economic and Financial Crimes Commission for helping to widen NLTF’s revenue base through enhanced remittance inflows from N800 million to N2.1 billion annually.  He gave the commendation in Abuja recently when he …

The Federal Government has disclosed that it has mortgage plans for Nigerians in the United States, Canada, and the United Kingdom. The Minister of Housing and Urban Development, Arch. Ahmed Dangiwa disclosed this when he received the Chairman, Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa, and some Management Staff in …

The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from the N840.53/$ the naira closed trading on Wednesday according to data from the FMDQ Securities Exchange. Also, the turnover …

Seven newly elected Nigerian State Governors visited the African Development Bank Group in Abidjan to strengthen cooperation and unlock the country’s vast agricultural potential. The delegation, meeting with Bank President Dr Akinwumi Adesina, was led by Katsina State Governor Mallam Dikko Umar Radda, and included Governors Dr Nasiru Idris of …

The doyen of the accounting profession, Pa Akintola Williams, has passed away at the age of 104 years The foremost accountant celebrated. his 104th birthday on August 9. Pa Williams is reputedly the first Sub-Saharan African to become a chartered accountant after he passed the qualifying examination of the Institute …

The President of African Development Bank (AfDB),Dr Akinwumi Adesina has called on the International Monetary Fund((IMF) to grant permission to Multilateral Development Banks(MDBs) to use its Special Drawing Rights to meet the financing deficit of vulnerable jurisdictions. Speaking on a panel at the Summit for a New Global Financing Pact, …

African Development Bank Group president Akinwumi Adesina called for new ways of preparing and de-risking projects to mobilise private sector investment for sustainable development. “We need new ways of aggregation to prepare the projects, to de-risk the projects and lower the transaction cost for those deploying capital,” he said. Adesina …

Foremost lawyer Chief Afe Babalola has asked the incoming administration of Asiwaju Bola Ahmed Tinubu to prioritise debt forgiveness for Nigeria from creditors countries and multilateral financial institutions. Babalola said forgiveness or cancellation would relieve Nigeria of humongous foreign debts, adding that lion share of the country’s resources were being …

President Muhammadu Buhari has sent a letter to the Senate seeking approval to take a loan to the tune of $800 million from the World Bank to cushion the effects of subsidy removal. This follows the Federal Government’s April announcement of an $800 million World Bank grant targeting 50 million …

The Federal Government through the Transmission Company of Nigeria (TCN) will disconnect 13 electricity companies from the national grid. Punch reports that the disconnection plan is because of the failure of the affected companies to make remittances of ancillary services bills. As a result of the planned disconnection, electricity consumers being served …