Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Dr. Abinde said MTN presence in the market was as a result of conserted efforts from the regulatory body and the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
NCC Executive Vice Chairman, Prof. Umar Danbatta disclosed these in a statement signed by its Director of Public Affairs, Dr Ikechukwu Adinde in Abuja on Monday.<\/p>\n\n\n\n
Dr. Abinde said MTN presence in the market was as a result of conserted efforts from the regulatory body and the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Market analysts also reported that MTN investors have raked in approximately N1 trillion in price appreciation and dividends since April 2020.<\/p>\n\n\n\n
NCC Executive Vice Chairman, Prof. Umar Danbatta disclosed these in a statement signed by its Director of Public Affairs, Dr Ikechukwu Adinde in Abuja on Monday.<\/p>\n\n\n\n
Dr. Abinde said MTN presence in the market was as a result of conserted efforts from the regulatory body and the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The Nigeria Communications Commission said the listing of MTN has brought economic gains by boosting market capitalisation and yielding dividends to shareholders.<\/p>\n\n\n\n
Market analysts also reported that MTN investors have raked in approximately N1 trillion in price appreciation and dividends since April 2020.<\/p>\n\n\n\n
NCC Executive Vice Chairman, Prof. Umar Danbatta disclosed these in a statement signed by its Director of Public Affairs, Dr Ikechukwu Adinde in Abuja on Monday.<\/p>\n\n\n\n
Dr. Abinde said MTN presence in the market was as a result of conserted efforts from the regulatory body and the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The Nigeria Communications Commission said the listing of MTN has brought economic gains by boosting market capitalisation and yielding dividends to shareholders.<\/p>\n\n\n\n
Market analysts also reported that MTN investors have raked in approximately N1 trillion in price appreciation and dividends since April 2020.<\/p>\n\n\n\n
NCC Executive Vice Chairman, Prof. Umar Danbatta disclosed these in a statement signed by its Director of Public Affairs, Dr Ikechukwu Adinde in Abuja on Monday.<\/p>\n\n\n\n
Dr. Abinde said MTN presence in the market was as a result of conserted efforts from the regulatory body and the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
A peep into the proposed 2021 Federal budget shows a total expenditure of N13.08 trillion as contained in the 2021 to 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper as passed by the House of Representatives. The 2021 budget is expected to be based on this Framework. Summary of the 2021 revenue and expenditure framework shows proposed revenue to be N7.89 trillion, which leaves the a budget revenue shortfall of N5.20 trillion. The deficit budget is expected to be funded partly through new loans and other means available to the government which is estimated in the region of N4. 28 trillion (including Foreign and domestic Borrowing) Daily crude oil Production has been pegged at 1.86mbpd, while the crude oil benchmark price is pegged at USD$40 per barrel Exchange rate N379\/US$. Accordimg to the Medium Term Expenditure Framework and Fiscal Strategy Paper submitted by the President and passed by the NASS, GDP growth rate is -3.00% while Inflation growth rate is 11.95%; On the aide of expenditure foe the year 2021, the government is expected to make Statutory transfers to the tune of N484.49 billion; while the sum of N3. 12 trillion is set aside for Debt Service. Other areas where the fovernmwnt intend spending money in the coming year include Sinking Fund N220 billion; Pension, Gratuities & Retirees Benefits -N520.69 billion. A total sum of N5.67 trillion will go for Recurrent (Non-debt) while N3 .76 trillion will be splashed on Personnel Costs (MDAs + GOES) On Capital expenditure (exciusive of Transfers), the government hopes to spend -N3.58 trillion. Special Intervention (Recurrent) to gulp N350 billion; while Special intervention (Capital) takes N20 billion.<\/p>\n","post_title":"Nigeria 2021 proposed budget at glance","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-2021-proposed-budget-at-glance","to_ping":"","pinged":"","post_modified":"2020-10-08 09:28:50","post_modified_gmt":"2020-10-08 09:28:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":363,"post_author":"13","post_date":"2020-10-06 15:22:00","post_date_gmt":"2020-10-06 15:22:00","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
The Nigeria Communications Commission said the listing of MTN has brought economic gains by boosting market capitalisation and yielding dividends to shareholders.<\/p>\n\n\n\n
Market analysts also reported that MTN investors have raked in approximately N1 trillion in price appreciation and dividends since April 2020.<\/p>\n\n\n\n
NCC Executive Vice Chairman, Prof. Umar Danbatta disclosed these in a statement signed by its Director of Public Affairs, Dr Ikechukwu Adinde in Abuja on Monday.<\/p>\n\n\n\n
Dr. Abinde said MTN presence in the market was as a result of conserted efforts from the regulatory body and the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
A peep into the proposed 2021 Federal budget shows a total expenditure of N13.08 trillion as contained in the 2021 to 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper as passed by the House of Representatives. The 2021 budget is expected to be based on this Framework. Summary of the 2021 revenue and expenditure framework shows proposed revenue to be N7.89 trillion, which leaves the a budget revenue shortfall of N5.20 trillion. The deficit budget is expected to be funded partly through new loans and other means available to the government which is estimated in the region of N4. 28 trillion (including Foreign and domestic Borrowing) Daily crude oil Production has been pegged at 1.86mbpd, while the crude oil benchmark price is pegged at USD$40 per barrel Exchange rate N379\/US$. Accordimg to the Medium Term Expenditure Framework and Fiscal Strategy Paper submitted by the President and passed by the NASS, GDP growth rate is -3.00% while Inflation growth rate is 11.95%; On the aide of expenditure foe the year 2021, the government is expected to make Statutory transfers to the tune of N484.49 billion; while the sum of N3. 12 trillion is set aside for Debt Service. Other areas where the fovernmwnt intend spending money in the coming year include Sinking Fund N220 billion; Pension, Gratuities & Retirees Benefits -N520.69 billion. A total sum of N5.67 trillion will go for Recurrent (Non-debt) while N3 .76 trillion will be splashed on Personnel Costs (MDAs + GOES) On Capital expenditure (exciusive of Transfers), the government hopes to spend -N3.58 trillion. Special Intervention (Recurrent) to gulp N350 billion; while Special intervention (Capital) takes N20 billion.<\/p>\n","post_title":"Nigeria 2021 proposed budget at glance","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-2021-proposed-budget-at-glance","to_ping":"","pinged":"","post_modified":"2020-10-08 09:28:50","post_modified_gmt":"2020-10-08 09:28:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":363,"post_author":"13","post_date":"2020-10-06 15:22:00","post_date_gmt":"2020-10-06 15:22:00","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
The Nigeria Communications Commission said the listing of MTN has brought economic gains by boosting market capitalisation and yielding dividends to shareholders.<\/p>\n\n\n\n
Market analysts also reported that MTN investors have raked in approximately N1 trillion in price appreciation and dividends since April 2020.<\/p>\n\n\n\n
NCC Executive Vice Chairman, Prof. Umar Danbatta disclosed these in a statement signed by its Director of Public Affairs, Dr Ikechukwu Adinde in Abuja on Monday.<\/p>\n\n\n\n
Dr. Abinde said MTN presence in the market was as a result of conserted efforts from the regulatory body and the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
\"The listing of MTN was as a result of NCC\u2019s effective regulatory action taken during the mobile network operator\u2019s fine settlement agreement in 2016, which compelled the telco to, among other things, list on the Nigerian Stock Exchange (NSE)\", he said.<\/p>\n\n\n\n
The statement reads \"The listing was one of the outcomes of the NCC\u2019s stringent regulatory posture, which served as tonic for other telcos such as Airtel to follow the same direction.<\/p>\n\n\n\n
\"As the country\u2019s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria (CBN), facilitated the landmark listing of the country\u2019s largest telecommunications operator on the bourse.<\/p>\n\n\n\n
\u201cThis is in line with its mandate to promote investment, create a level-playing field for all licensees, ensure compliance to existing telecoms laws and facilitate delivery of top-notch quality of service (QoS) to consumers,<\/p>\n\n\n\n
\u201cThat important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act (NCA) 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,<\/p>\n\n\n\n
Danbatta also stated that the listing has helped to promote local investment and ownership in the telecom sector which is an important objective of the Commission.<\/p>\n\n\n\n
\u201cWith MTN shares available in the capital market, it is expected that Nigerians will buy shares and by purchasing the shares of MTN, they will be financially empowered and be socially transformed,\u201d he said.<\/p>\n\n\n\n
Danbatta said the listing will enable the telecoms companies to raise capital for the expansion of their networks. \u201cAlso, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,\u201d he said.<\/p>\n\n\n\n
The EVC further stated that, \u201ctoday, the capital market regulator and shareholder bodies have commended the effort of the NCC in making the capital market more resilient through the Commission\u2019s regulatory action in facilitating telcos listing.\u201d He noted that the listing in the stock exchange will promote liquidity amongst operators, enhance their value as well as promote transparency.<\/p>\n","post_title":"Listing MTN in stock market brought economic gains, NCC","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"listing-mtn-in-stock-market-brought-economic-gains-ncc","to_ping":"","pinged":"","post_modified":"2020-10-06 15:22:00","post_modified_gmt":"2020-10-06 15:22:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The bank advised small-scale business owners and youths to approach their respective banks, NIRSAL Micro-Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN intervention funds.<\/p>\n","post_title":"CBN warns against fraudulent loan offers, investment schemes","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"cbn-warns-against-fraudulent-loan-offers-investment-schemes","to_ping":"","pinged":"","post_modified":"2020-10-09 16:25:01","post_modified_gmt":"2020-10-09 16:25:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=477","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":435,"post_author":"13","post_date":"2020-10-08 12:09:51","post_date_gmt":"2020-10-08 12:09:51","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
CBN further stated that it has not appointed any organization to serve as its agent for the purpose of investment or applying for intervention loans.<\/p>\n\n\n\n
The bank advised small-scale business owners and youths to approach their respective banks, NIRSAL Micro-Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN intervention funds.<\/p>\n","post_title":"CBN warns against fraudulent loan offers, investment schemes","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"cbn-warns-against-fraudulent-loan-offers-investment-schemes","to_ping":"","pinged":"","post_modified":"2020-10-09 16:25:01","post_modified_gmt":"2020-10-09 16:25:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=477","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":435,"post_author":"13","post_date":"2020-10-08 12:09:51","post_date_gmt":"2020-10-08 12:09:51","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cFor the avoidance of doubt, there are clearly spelt out procedures for accessing CBN intervention funds, which are disbursed through Participating Financial Institutions (PFIs), such as Deposit Money Banks (DMBs), Development Finance Institutions (DFIs) and Microfinance Banks (MFBs). The Bank also does not facilitate investment schemes.\u201d<\/p>\n\n\n\n
CBN further stated that it has not appointed any organization to serve as its agent for the purpose of investment or applying for intervention loans.<\/p>\n\n\n\n
The bank advised small-scale business owners and youths to approach their respective banks, NIRSAL Micro-Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN intervention funds.<\/p>\n","post_title":"CBN warns against fraudulent loan offers, investment schemes","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"cbn-warns-against-fraudulent-loan-offers-investment-schemes","to_ping":"","pinged":"","post_modified":"2020-10-09 16:25:01","post_modified_gmt":"2020-10-09 16:25:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=477","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":435,"post_author":"13","post_date":"2020-10-08 12:09:51","post_date_gmt":"2020-10-08 12:09:51","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201dWhile the CBN, indeed, has several development finance intervention programmes from which different categories of businesses have benefitted (and still benefitting), it DOES NOT do so through direct interaction with prospective applicants.<\/p>\n\n\n\n
\u201cFor the avoidance of doubt, there are clearly spelt out procedures for accessing CBN intervention funds, which are disbursed through Participating Financial Institutions (PFIs), such as Deposit Money Banks (DMBs), Development Finance Institutions (DFIs) and Microfinance Banks (MFBs). The Bank also does not facilitate investment schemes.\u201d<\/p>\n\n\n\n
CBN further stated that it has not appointed any organization to serve as its agent for the purpose of investment or applying for intervention loans.<\/p>\n\n\n\n
The bank advised small-scale business owners and youths to approach their respective banks, NIRSAL Micro-Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN intervention funds.<\/p>\n","post_title":"CBN warns against fraudulent loan offers, investment schemes","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"cbn-warns-against-fraudulent-loan-offers-investment-schemes","to_ping":"","pinged":"","post_modified":"2020-10-09 16:25:01","post_modified_gmt":"2020-10-09 16:25:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=477","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":435,"post_author":"13","post_date":"2020-10-08 12:09:51","post_date_gmt":"2020-10-08 12:09:51","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cThe attention of the Central Bank of Nigeria (CBN) has again been drawn to fraudulent messages and videos in social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans or investment schemes purportedly facilitated by the Bank, \u201d the statement read.<\/p>\n\n\n\n
\u201dWhile the CBN, indeed, has several development finance intervention programmes from which different categories of businesses have benefitted (and still benefitting), it DOES NOT do so through direct interaction with prospective applicants.<\/p>\n\n\n\n
\u201cFor the avoidance of doubt, there are clearly spelt out procedures for accessing CBN intervention funds, which are disbursed through Participating Financial Institutions (PFIs), such as Deposit Money Banks (DMBs), Development Finance Institutions (DFIs) and Microfinance Banks (MFBs). The Bank also does not facilitate investment schemes.\u201d<\/p>\n\n\n\n
CBN further stated that it has not appointed any organization to serve as its agent for the purpose of investment or applying for intervention loans.<\/p>\n\n\n\n
The bank advised small-scale business owners and youths to approach their respective banks, NIRSAL Micro-Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN intervention funds.<\/p>\n","post_title":"CBN warns against fraudulent loan offers, investment schemes","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"cbn-warns-against-fraudulent-loan-offers-investment-schemes","to_ping":"","pinged":"","post_modified":"2020-10-09 16:25:01","post_modified_gmt":"2020-10-09 16:25:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=477","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":435,"post_author":"13","post_date":"2020-10-08 12:09:51","post_date_gmt":"2020-10-08 12:09:51","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
In a statement signed by the bank\u2019s Acting Director of Corporate Communications, Osita Nwanisobi, the apex bank noted that it does not communicate directly with applicants of its financial intervention programmes.<\/p>\n\n\n\n
\u201cThe attention of the Central Bank of Nigeria (CBN) has again been drawn to fraudulent messages and videos in social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans or investment schemes purportedly facilitated by the Bank, \u201d the statement read.<\/p>\n\n\n\n
\u201dWhile the CBN, indeed, has several development finance intervention programmes from which different categories of businesses have benefitted (and still benefitting), it DOES NOT do so through direct interaction with prospective applicants.<\/p>\n\n\n\n
\u201cFor the avoidance of doubt, there are clearly spelt out procedures for accessing CBN intervention funds, which are disbursed through Participating Financial Institutions (PFIs), such as Deposit Money Banks (DMBs), Development Finance Institutions (DFIs) and Microfinance Banks (MFBs). The Bank also does not facilitate investment schemes.\u201d<\/p>\n\n\n\n
CBN further stated that it has not appointed any organization to serve as its agent for the purpose of investment or applying for intervention loans.<\/p>\n\n\n\n
The bank advised small-scale business owners and youths to approach their respective banks, NIRSAL Micro-Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN intervention funds.<\/p>\n","post_title":"CBN warns against fraudulent loan offers, investment schemes","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"cbn-warns-against-fraudulent-loan-offers-investment-schemes","to_ping":"","pinged":"","post_modified":"2020-10-09 16:25:01","post_modified_gmt":"2020-10-09 16:25:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=477","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":435,"post_author":"13","post_date":"2020-10-08 12:09:51","post_date_gmt":"2020-10-08 12:09:51","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The Central Bank of Nigeria (CBN) has warned Nigerians on the need to be wary of fradulent loan offers and investment schemes.<\/p>\n\n\n\n
In a statement signed by the bank\u2019s Acting Director of Corporate Communications, Osita Nwanisobi, the apex bank noted that it does not communicate directly with applicants of its financial intervention programmes.<\/p>\n\n\n\n
\u201cThe attention of the Central Bank of Nigeria (CBN) has again been drawn to fraudulent messages and videos in social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans or investment schemes purportedly facilitated by the Bank, \u201d the statement read.<\/p>\n\n\n\n
\u201dWhile the CBN, indeed, has several development finance intervention programmes from which different categories of businesses have benefitted (and still benefitting), it DOES NOT do so through direct interaction with prospective applicants.<\/p>\n\n\n\n
\u201cFor the avoidance of doubt, there are clearly spelt out procedures for accessing CBN intervention funds, which are disbursed through Participating Financial Institutions (PFIs), such as Deposit Money Banks (DMBs), Development Finance Institutions (DFIs) and Microfinance Banks (MFBs). The Bank also does not facilitate investment schemes.\u201d<\/p>\n\n\n\n
CBN further stated that it has not appointed any organization to serve as its agent for the purpose of investment or applying for intervention loans.<\/p>\n\n\n\n
The bank advised small-scale business owners and youths to approach their respective banks, NIRSAL Micro-Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN intervention funds.<\/p>\n","post_title":"CBN warns against fraudulent loan offers, investment schemes","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"cbn-warns-against-fraudulent-loan-offers-investment-schemes","to_ping":"","pinged":"","post_modified":"2020-10-09 16:25:01","post_modified_gmt":"2020-10-09 16:25:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=477","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":435,"post_author":"13","post_date":"2020-10-08 12:09:51","post_date_gmt":"2020-10-08 12:09:51","post_content":"\n
By Stella Obi<\/p>\n\n\n\n
President Muhammadu Buhari on Thursday presented the 2021 budget proposal to the joint sitting of the National Assembly. President Buhari who was invited to the floor of the NASS to present the budget proposal by the Senate President, Ahmed Lawan said no new staff refeuitment will be carried out in 2021. He said only workers captured on the IPPIS will receive salaries in 2021. This he said was aimed at containing payment to non existing workers and thereby block some of the leakage in government revenue. Besides, he said those that contravene the no employment will be sanctioned. He also assured Nigerians that his administration will ensure the completion of ongoing project. This he said will be priority rather than new ones. He also said he was going to provide NASS list of critical projects that government must work to complete so as to deliver dividends of democracy to the people. He said the 2021 budget proposal contain only implementable projects. Buhari also said the government will address the issue of revenue leakages and ensure that funds are redirected to areas of importance . He said the ongoing verification exercise for IPPIS will continue. This, he said will address the issue of ghost workers. He stressed that completion of many ongoing project is the main thrust in 2021 and vowed to prioritise these projects. He also assured Nigerians that the administration understand the difficulties Nigerians are going through as a result of reforms in the petroleum Industry He however said the new petrol pricing regime, was aimed to make funds available for projects that will impact on lives. The much awaited Petroleum bill, the president said when passed into law has the capacity to attract investment and increase Government revenue. Other efforts to be out in place in the coming years include N420 billion in the 2021 budget to sustain the SIP. Besides, he said the CBN has reduced the interest rate in it's funding programmes from nine percent (9%) to five percent (5%) with one year maritorium, all in the efforts at addressing hardship in the country. He commending the harmonious relationship between Executive and Legialature. Meanwhile, the President of the Senate, Ahmed Lawan has said that the country's over 200 revenue generating agencies have so much inefficiencies in their system. Lawan in his address at the joint sitting of the National Assembly for the presentation of the 2021 budget proposal by President Buhari said the the budget would be ready before the end of the year. He assured the executive arm that the National Assembly was ready to commence work on the budget. The law maker who commended the government for the level of budget implementation in 2020 despite the Covid-19 pandemic also said that there was need not only create job, but also to sustain jobs. He therefore urgurged wd the executive to do a quick appraisal of all the country's revenue generating agencies. He said, \"We need to critically examine revenue generating agencies. So much inefficiency in revenue generating agencies.\" He assures Buhari that the NASS will be thorough in the scrutiny of the 2021 budget proposal. The Speaker of House of Representatives, Femi Gbajabiamila assured Nigerians that efforts would be put to.ensure the budget is passed in record time. He added, \"We will exhibit the same commitment this year because we cannot return to the old.\" He further assured Nigerians that the House will \"pass a budget that will meet our realities.\" He also urged all MDAs who come to defend budget will do so without their security details present to avoid proliferation of arms in committee hearing rooms and adhere to Covid-19 protocols.<\/p>\n","post_title":"Buhari presents 2021 budget proposal to NASS, places embargo on employment","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"buhari-presents-2021-budget-proposal-to-nass-places-embargo-on-employment","to_ping":"","pinged":"","post_modified":"2020-10-08 12:09:51","post_modified_gmt":"2020-10-08 12:09:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=435","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":430,"post_author":"11","post_date":"2020-10-08 11:10:16","post_date_gmt":"2020-10-08 11:10:16","post_content":"\n
By Gift Habib<\/p>\n\n\n\n
Nigeria\u2019s Ngozi Okonjo-Iweala and South Korea\u2019s Yoo Myung-hee have advanced to the final round of the contest for the World Trade Organisation (WTO) coveted position. The contest will likely produced first female Director Genwral in the history of the 25 years of the organisation. Both female contestants were cleared for the final round from the five that made it to this round.<\/p>\n\n\n\nNgozi Okonjo-Iweala<\/strong><\/figcaption><\/figure>\n\n\n\n
Okonjo-Iweala served two stints as Nigeria\u2019s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.<\/p>\n\n\n\nYoo Myung-hee<\/strong><\/figcaption><\/figure>\n\n\n\n
Yoo is South Korea\u2019s trade minister. During her 25-year career in government, she has helped expand her country\u2019s trade network through bilateral accords with the U.S., China and the U.K.<\/p>\n\n\n\n
WTO General Council Chairman David Walker plans to formally announce the results to the institution\u2019s delegates today in Geneva.<\/p>\n\n\n\n
The report noted that United Kingdom\u2019s Liam Fox, Kenya\u2019s Amina Chawahir Mohamed Jibril and Saudi Arabia\u2019s Mohammad Maziad Al-Tuwaijri unfortunately could not make it in the second round of consultations.<\/p>\n\n\n\n
The third and final phase of the consultation process will begin later this month and run until November 6, after which the WTO will endeavour to name a consensus winner of the race.<\/p>\n","post_title":"Okonjo-Iweala, Myung-hee advance to WTO job final","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"okonjo-iweala-myung-hee-advance-to-wto-job-final","to_ping":"","pinged":"","post_modified":"2020-10-08 11:10:16","post_modified_gmt":"2020-10-08 11:10:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/newsspecng.com\/?p=430","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":6},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
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