by Admin | Sep 16, 2016 | Blog |
Follow @NigeriaPI Minister of Finance, KemiAdeosun, today disclosed plans by the Federal government to inject N350 billion into the economy. Speaking with reporters in Abuja today, Adeosun also disclosed that there are plans to also raise $1 billion from Euro-bonds by mid-December to ease the recession. According to Adeosun, the N350 billion being injected will be directed towards capital expenditure projects. “We are raising money. As you know the Euro-bond capital raise is on. We are about to appoint advisers so we we will be raising additional $1 billion. Two weeks ago we approved the external borrowing plan and that was very important,”she said The Minister said the Federal government plans to borrow N1.8 trillion from the African Development Bank, China, Japan and World Bank with rates of 1.25 per cent and a 20-year maturity. She added that the borrowed money will be used to fund an expected budget deficit of N2.2 trillion. “When we said we will borrow, we said we will borrow the cheapest money first. We have approvals in that plan from the World Bank, ADB, with interest rates as low as 1.5% and tenures as low as forty years to intervene in some specific areas which include agriculture, education, health, rebuilding of the northeast and of course the rail way project that are very key to what we are doing”she...
by Admin | Sep 16, 2016 | Blog |
Follow @NigeriaPI A former aide to ex president Goodluck Jonathan, Warpamo Dudafa, on Thursday appeared before a Federal High Court, Lagos over charges bordering on $15 million fraud. Dudafa, a former Special Assistant on domestic affairs to the ex president, is charged by the Economic and Financial Crimes Commission with six others. The accused persons are charged on 15 counts bordering on conspiracy and fraud. Others charged with Dudafa are Amajuoyi Briggs and Adedamola Bolodeoku. Also on the charge sheet are four companies: Pluto Properties and Investment Company, Seagate Property Development Company, Trans Ocean Property and Investment Company Ltd, and Avalon Global Property Ltd. When the case was called on Thursday, the four companies announced their representation as follows: Friday David (Pluto Properties and Investment Company) and Agbor Obaro (Sea Gate Property Development Company). Also, Fredrick Dioghowori announced his representation for Trans Ocean Property Ltd, while Taiwo Ebenezer represented Avalon Global properties Ltd. After the charges were read to the accused, the first, second and third accused pleaded not guilty to the charges. Meanwhile, the four individuals representing the companies listed in the charge, each pleaded guilty to the offences. Following the guilty plea of the companies, the EFCC prosecution led by Mr Rotimi Oyedepo, prayed the court to allow a short time for review of the facts, adding that he would not waste the time of the court. The trial judge, Justice Babs Kuewumi, however, declined prosecution’s request and said he would adjourn the matter to a future date. Meanwhile, counsel representing the second and third accused, Messrs Tochukwu Onyiuke, and Joseph Okebiemen, informed the court of a...
by Admin | Sep 16, 2016 | Blog |
Follow @NigeriaPI There are very few things in life that is as satisfying as getting a job soon after graduating from University. As such, it isn’t strange to see entry level employees suddenly feel they have ‘arrived’ and can now enjoy all the “good things” that comes with life. Unfortunately we all have limitations in life which makes our wants are always limited to choices. It is why no matter how much we earn it is never enough to cater for all our needs. Whilst your newly earned salaries puts you at the start of financial independence, there are certain financial decisions you may be tempted to make that can put you quickly on the path of financial ruin and take away money that would have been better served for investment purposes. Here are some example; Consumer Loans – The moment you pick up that plum job and start seeing your bank accounts swell, banks, shops, and businesses that offer all sorts of consumer products will approach you. In Nigeria, it is a given to be offered debit cards once you open a bank account. What follows next are credit cards and all kinds promos that makes acquiring things you need and don’t need pretty easy to acquire. For those who find it hard being frugal it’s the easiest way into financial ruin. You must try to avoid them except where necessary and start by learning to live according to your means. Cars Cars are an important aspect of life and as Nigerians, we depend on them a lot to commute and carry on with our daily livelihood. Due...
by Admin | Sep 15, 2016 | Blog |
Follow @NigeriaPI A mother of seven, Mrs. Uzoamaka Onu, 39, has been abandoned by her husband at the New Mayor Hospital and Fertility Centre, Nkpor in Anambra over a bill of N520,000. The woman had stayed in the hospital for four months following the non- payment of the bill. Uzoamaka, a food vendor from Okpoto community in Ishielu Local Government Area of Ebonyi, told the News Agency of Nigeria that her husband had absconded and abandoned her to her fate. She said that she had lived in the hospital for four months and every attempt to reach her husband had failed. “My husband stopped visiting the hospital after I successfully underwent a surgery on my right breast,” Uzoamaka said. She said she did not blame her husband for absconding because he had suffered a lot since 2013 when signs of cancer started manifesting. “My husband sells rat poison and cannot afford the money to pay the balance and I think that is why he has run away. “I am appealing to good spirited Nigerians to come to my aid and help me to get back home. “My problem started in 2013 when I started experiencing excruciating pain in my body, specifically in my lungs. “I started visiting patent medicine stores for solution, but unfortunately that compounded my problems. “However, it was on the advice of some friends and family members that I decided to visit General Hospital, Abakiliki where I was diagnosed with breast cancer,” Uzoamaka said. She said she had visited the University of Nigeria Teaching Hospital, Enugu and Lagos State University Teaching Hospital for solution. Uzoamaka said...
by Admin | Sep 15, 2016 | Blog |
Follow @NigeriaPI Read The Shocking Story OfHow A Jealous Lady BrutallyMurdered Her Ex ’ s NewGirlfriend And Bragged About It. Read the murderous ex’s online ranting that preceded the cold blooded murder of mother of one, Kendra. This is the tweets of the lady before the murder case This is the murdered Kendra This is their alleged boyfriend Pics of the lady who took the deadly act a day to the victim birthday. This is very...
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