Tag: federal government

Nigeria to borrow N2tn to fund infrastructure development

Nigeria’s National Economic Council (NEC) says the federal government has resolved to borrow two trillion from the current 10 trillion naira pension funds to finance the development of infrastructure. Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa to discuss this story.

MPC urges FG to reconsider $57 oil benchmark for 2020

Nigeria’s Monetary Policy Committee (MPC) has urged Federal Government to reconsider the $57 per barrel oil benchmark assumed in the 2020 budget. Meanwhile, Nigeria’s Senate has suspended the budget of the Niger Delta Development Commission and admonished President Muhammadu Buhari to inaugurate the board members of the commission. Oil and gas Lawyer and a Partner at A02 Law, Oyeyemi Oke joins CNBC Africa for more.

Expectations from President Buhari’s audit committee

President Muhammadu Buhari has set up an audit committee to review the policies, programmes and projects of the Federal Government under his administration. Femi Oladehin, Partner, Investment Banking at Argentil Capital Partners joins CNBC Africa to discuss this development.

Nigeria considering legal instrument for offshore gas

Nigeria's Minister of State for Petroleum Resources, Ibe Kachikwu says the Federal government is considering legal instruments to unlock the potential of the country’s offshore gas. Akindeji Oyebode, Senior Associate and Team Lead, Energy and Natural Gas Practice Group at Banwo and Ighodalo joins CNBC Africa to discuss this story.

Nigerian Labour Congress suspends strike

The Nigerian Labour Congress has suspended its warning strike pending the outcome of its talks with the Federal Government on the 4th of October. Ayuba Wabba, President of the NLC speaks.

Nigeria gas sector key to economic recovery – Gas Chief

Nigeria gas sector key to economic recovery – Gas Chief

Nigeria’s plan to boost ease of doing business for Ogun

Nigeria’s plan to boost ease of doing business for Ogun

How have Nigeria’s richest individuals responded to VAIDS?

The Federal Government of Nigeria launched the Voluntary Asset and Income Declaration Scheme, (VAIDS) on the 29th of June this year. The main objective is to broaden the country's tax base and offer incentives for tax evaders. But how have the country's high net worth responded to the scheme so far? Emeka Onwuka, Partner and Head Family Wealth and Private Clients at Andersen Tax joins CNBC Africa to discuss this.