FG can finance N2.2trn budget deficit via capital market – NSE boss

FG can finance N2.2trn budget deficit via capital market – NSE boss

The Chief Executive of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said that the outstanding federal government N2.2 trillion budget deficits could be effectively financed through the instruments in the capital market. He stated this while appraising the performance of the stock market in 2015 and making projections for 2016, saying: “The capital market has an opportunity to effectively finance the FGN’s proposed budget deficit for 2016 and the implementation of its Medium Term Expenditure Framework (MTEF).”
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Mozia sets new shot put record

Mozia sets new shot put record

Nigeria’s number one shot putter, Stephen Mozia is muscling his way to world recognition as he heaved 21.03m to set a new national record and also set the pace for the 2016 season. Mozia, a student of Cornell University in New York, USA raked in the performance at the Commodore invitational held in Nashville Tennessee at the weekend.

In-fighting, corruption bane of Nigerian sports – Dalung

In-fighting, corruption bane of Nigerian sports – Dalung

Minister of Youth and Sports, Barr. Solomon Dalung has charged the Nigeria Olympic Committee, NOC to source for additional funds to complement what the government provide as Team Nigeria prepare for the 2016 Olympic Games in Rio, Brazil. The minister who spoke in Abuja when he granted audience to members of the Nigeria Olympics Committee (NOC) at the weekend however, promised to ensure that the nation’s contingent to the Rio Games were adequately funded.

CHAN to the rescue …

CHAN to the rescue …

Today, the Super Eagles of Nigeria will take to the field in their opening match of the Championship of African Nations Tournament.(CHAN) When in 2008, the President Issa Hayatou led Confederation of African Football decided to institute a competition for players who ply their trade in their country, in the African continent, many were skeptical about its relevance, appeal and possible success.

Wobbling, fumbling with fuel prices

Wobbling, fumbling with fuel prices

The PPPRA Executive Secretary, Farouk Ahmed reportedly announced, at a press briefing on December 29th 2015 in Abuja, that a revised template for fuel pricing had been approved by the Agency; the announcement was evidently the formal manifestation of the ‘modulated pricing’ model earlier canvassed by Ibe Kachikwu, the NNPC CEO and current Minister of State for Petroleum. Thus, with the application of the new template, petrol price will be reduced from N87 to N86 in NNPC filling stations, while other marketers would sell at a pump price of N86.50/litre.

TSA: Sokoto uncovers N1.5bn

TSA: Sokoto uncovers N1.5bn

The Sokoto State Government says it has uncovered N1.5 billion belonging to it lying idle in 100 dormant accounts in various commercial banks in the country.

Gas flaring: Senate c’ttee engages NNPC, IOCs tomorrow

Gas flaring: Senate c’ttee engages NNPC, IOCs tomorrow

IN its efforts to address the worsening trend of gas flaring in the country, the Senate Committee on Gas Resources will meet with top officials of the Nigerian National Petroleum Corporation, NNPC and its subsidiaries, International Oil Companies, IOCs as well as other oil majors tomorrow.

Ebonyi govt moves to boost rice production

Ebonyi govt moves to boost rice production

EBONYI State Government, weekend, said it had concluded arrangement to engage the services of 39,000 farmers to boost rice production across the 13 local government areas of the state.

We’re committed to sponsoring sports – Osunsina

We’re committed to sponsoring sports – Osunsina

The Mamaging Director of Megam-ound Invest-ment Limited, Otunba Olum-ide Osunsina has expressed the commit-ment of the company to sponsor many sporting events so as to develop the sports in the country. Osunsina made this assertion while speaking at the final of Mega-mound Tennis Championship 2016 held at Ikoyi club 1938 in Lagos recently.