A proposed forward “sale agreement” loan of $1.56bn by the Nigerian National Petroleum Corporation split members of the House of Representatives on Tuesday. Some members had kicked against the loan and protested loudly in the chambers, urging the House not to approve it. But, a majority decision supported the loan […]
World News
Rich Nations Advancing Global Growth, as Risk Remains-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday predicted that global activity would strengthen in 2014-2015 with much of the impetus for growth coming from advanced economies, but warned of risks from emerging market economies. In its latest world economic outlook (WEO) April 2014, the IMF said […]
Fed Govt to Scrap NAPEP, FRC, Merge Aviation Agencies
The federal government has agreed to scrap the National Poverty Eradication Programme (NAPEP) and the Fiscal Responsibility Commission (FRC) in line with the recommendations of the Presidential Committee on Restructuring and Rationalisation of Federal Government Parastatals, Commission and Agencies. Former Head of the Civil Service of the Federation, Mr. Stephen […]
