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Tag Archives: Business

University of Ibadan names Conference Centre after Otunba Subomi Balogun

The University of Ibadan (UI), Nigeria’s premier tertiary institution, has again honoured the Founder of FCMB Group, Otunba (Dr.) Michael Olasubomi Balogun by naming its modern and multi-purpose conference centre after him. On Thursday, September 6, 2018, the Center was unveiled and renamed Otunba Subomi Balogun Conference Centre. According to …

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FAAC: FG, States, LGs share August allocation [Breakdown]

Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly Federation Account …

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How FAAC overpaid states N10bn in bailout funds — Auditor-General

Office of the Auditor-General of the Federation has revealed that the Federation Accounts Allocation Committee, FAAC, overpaid states N10bn in bailout funds. President Muhammadu Buhari had approved the release of the funds in 2015 to help governors pay salaries in their various states, a loan facility that the states are …

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Buhari reveals why he refused to sack Emefiele as CBN boss

President Muhammadu Buhari has said he refused to replace Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), when he took over power, because he wanted to give him the opportunity to salvage the economy from its “terrible condition”. Buhari disclosed this on Friday night, when he hosted some …

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