London, June 19, 2019 (AltAfrica)-In a bid to address the infrastructure challenge bedeviling the country, Nigerian government will float over N100 billion third Sukuk Bond before the  end of 2019. Ms Patience Oniha, Director-General, Debt Management Office (DMO) stated this at inaugural edition of the Islamic Finance Network (IFN) Nigeria Forum organised by the Nigerian ...

London, May 29, 2019 (AltAfrica)-The outgoing Attorney-General of the Federation,Mr Abubakar Malami, SAN, said the Ministry of Justice recovered 779.5 million dollars and N59.2 billion stolen from the country. Malami said this on Tuesday in Abuja, while handing over to the Permanent Secretary of the ministry, Mr Dayo Apata. The minister also said that inline ...

London, May 21, 2019 (AltAfrica)-Nigeria’s Federal Government has asked former President Olusegun Obasanjo to tender a public apology over his comments imputing ethno-religious motive to Boko Haram and ISWAP. Government also asked him to withdraw the statement it described as deeply offensive and patently divisive. It said such indiscreet comments are far below the status ...

London, April 15, 2019 (AltAfrica)-Nigerian government has told the International Monetary Fund, IMF , World Bank and other international agencies that it has no immediate or future plans to remove fuel subsidy now just as queues emerged in filling stations in some parts of the country The Minister of Finance, Ms Zainab Ahmed, said this ...

London, Feb. 23, 2019 (AltAfrica/NAN)-A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have enabled the misappropriation of state funds totalling $875 million over the Oil Prospecting License, OPL 245. Mr Salihu Isah, Special Adviser ...

London, Feb. 14, 2019 (AltAfrica)-The Federal Government says it will continue to use red bricks for the construction of its housing projects as it will promote local content and boost provision of affordable houses. The News Agency of Nigeria (NAN), reports that red brick is produced by mixing red earth (laterite) with little quantity of ...

London, Feb. 1, 2019 (AltAfrica)-Patience Jonathan, wife of former President Goodluck Jonathan has forfeited temporarily N1.0004 billion to the Federal Government. The interim forfeiture followed a court order secured by the Economic and Financial Crimes Commission, EFCC. The money was lodged in three deposits with Fidelity Bank Plc on 20th and 25th May, 2015. The ...

Abuja, November 1, 2018 (AltAfrica)-The stage seems set for a major confrontation between Nigerian workers and their government over new national minimum wage after the Nigerian Labour Congress, NLC, the umbrella body for labour movement in Nigeria puts its members on notice of nationwide industrial action late night Wednesday While organised labour is insisting on ...