Fund Archives — City Business News

August 31, 2022 No Responses

FG Inaugurates Gas Infrastructure Fund Council

The Federal Government on Tuesday inaugurated the Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF). Chief Timipre Sylva, Minister of State, Petroleum Resources, inaugurated the nine-member council, in Abuja, to fix the critical missing link in the...

February 5, 2022 No Responses

Paucity Of Fund May Stall Kano-Kaduna Rail Project

Lack of adequate funding may slow down the pace of work and completion of the Kano-Kaduna railway project, Minister of Transportation, Rotimi Amaechi has said Amaechi made this known while inspecting work on the project in Kano on Friday....

January 30, 2022 No Responses

NAFDAC Seeks More Funding For Herbal Medicine Research

Director-General, National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Adeyeye, has called for more funding into research and development of herbal medicines to support universal health coverage in the country. Adey...

January 19, 2022 No Responses

HadizaBala-Usman Refutes Unremitted Fund Reports

Managing Director, Nigerian Ports Authority(NPA), HadizaBala-Usman, has described as untrue reports in a section of the media stating that she was indicted in an audit report on the NPA purportedly released by the Auditor-General of the Federation (O...

October 31, 2021 No Responses

PenCom Extends 2021 Online Verification, Enrollment Exercise

The National Pension Commission (PenCom) has extended the online verification and enrollment exercise for 2021 retirees, and prospective retirees of the Federal Government Treasury Funded Ministries, Departments and Agencies (MDAs). The Head, Corpo...

August 26, 2021 No Responses

Edo, BoI Unveil N2b MSME Fund, Target 50,000 Businesses

June 24, 2021 No Responses

NCDMB, NEXIM Seal $30m Capital, Capacity Building Fund Agreement

The Nigeria Content Development and Monitoring Bank (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed agreement on 30 $30million Capital and Capacity building Fund for the oil and gas sector servicing. Mr Simbi wabote, the Executive Secretar...

May 13, 2021 No Responses

FSDH Funding Lists N12b Bonds On FMDQ Platform

FMDQ Securities Exchange Ltd has approved the listing of FSDH Funding SPV Plc N7.05 billion tranche A and N4.95 billion tranche B series 1 fixed rate bonds on its platform. FSDH Funding SPV Plc is a special purpose vehicle set up...

April 5, 2021 No Responses

Transporters Tackle Ministry Over N10b Covid-19 Palliative Fund

By Moses Ebosele, ebosele@hotmail.com — The N10billion approved by the Federal Government to ameliorate effects of last year’s Covid-19 lockdown on transporters and auto related segment of Nigeria’s economy is now enmeshed in controver...

February 12, 2021 No Responses

Chukwu: Nigeria Needs More FDIs To Funds Capital Projects

The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu, has said that Nigeria needs appropriate policies that will attract Foreign Direct Investment (FDI) into the country. Chukwu in his presentation at a virtual workshop organised by the Ca...

December 19, 2020 No Responses

May & Baker Accesses N2.5b CBN COVID-19 Intervention Fund

May & Baker Nigeria Plc has accessed N2.5 billion from the Central Bank of Nigeria (CBN) N100 billion intervention fund for the healthcare sector to cushion the COVID-19 impact. The Managing Director, May & Baker Nigeria Plc, Mr Nnamdi Okafor,...

November 11, 2020 No Responses

TETFund Targets N500bn Tax Revenue In 2021

The Tertiary Education Trust Fund (TETFund) has unveiled plans to generate N500 billion as Education Tax in 2021 fiscal year. Chairman, TETFund Board of Trustees, Mr Kashim Imam, said this at the 2020 Joint Interactive Forum organised by TETFu...

October 27, 2020 No Responses

#EndSARS: Oyo Inaugurates N500m Compensation Fund

Governor of Oyo State, Seyi Makinde has inaugurated a N500 million compensation fund for victims of #EndSARS protests in the state. Speaking on Monday in Ibadan during a post-protest meeting held with traditional rul...

September 5, 2020 No Responses

NCC Remits N362.34b Into Consolidate Revenue Fund

From 2015 to date, the Nigerian Communications Commission (NCC), remitted N362.34 billion into the Federal Government Consolidate Revenue Fund, Prof. Umar Danbatta, Executive Vice Chairman of NCC, has said.Danbatta, who spoke at an interactive session on Frida...