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National Assembly Passes N10.59Trn Budget For 2020 Fiscal Year

The Senate on Thursday  passed a federal budget of N10.59 trillion  for the 2020 fiscal year  in keeping with its major legislative agenda of returning the country’s budget cycle to a more predictable one as well as re-positioning the nation’s economy on the path of sustainable growth.. The passage of the annual 2020 budget before […]

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LCCI Elects Mabogunje As President, Eulogises Her Virtues

The Lagos Chamber of Commerce and Industry (LCCI) on Thursday announced the election of Mrs. Toki Mabogunje as President for the next two years, following the expiration of Mr. Babatunde Paul Ruwase’s two year tenure. The Director General of the organised private sector group, said that the newly elected President of the chamber emerged after […]

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Chamber Tasks African OPEC, Non-OPEC Members On Energy Poverty

As the global oil producers convened today in Vienna, Austria for the 177th OPEC meeting to discuss about and take decisions on issues that would guide the future of the global hydrocarbon resources industry,  the African Energy Chamber  has urged African OPEC and non-OPEC members at the meeting to commit to the Declaration of Cooperation […]

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Defaulting Agencies On Financial Reporting Rise To 265 In 2017 – Auditor General

The Auditor General for the Federation, Mr. Anthony Mkpe Ayine, has reported that more Ministries, Departments and Agencies (MDAs) breached the requirements on the submission of their audited financial statements to his office in year 2017 as against 160 that defaulted in the preceding year. Ayine, in the latest 2017 Audit Report published by the […]

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Senate Passes PPA 2007 Amendment Bills, To Pass 2020 Budget Thursday

The Senate on Wednesday during plenary passed the Public Procurement Act 2007 amendment bills even as it had scheduled the passage of the 2020 Appropriation Bill for Thursday, December 5, 2019 The passage of the Public Procurement bills by the upper chamber was sequel to presentation and consideration of the report of the Senate Committee […]

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FG Reiterates Commitment To Stronger Partnership With Farmers

The Minister of Agriculture and Rural Development (FMARD), Alhaji Muhammad Sabo Nanono, has reiterated the Federal Government’s commitment towards a stronger partnership and collaboration between it and farmers nationwide. The minister, who gave this assurance when  the Amana Farmers and Grains Suppliers Association of Nigeria (AFGSAN) led by its Chairman, Alhaji Haruna Ahmed Pambegua,  paid […]

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Ogun Governor Proposes N450Bn Budget For 2020 Fiscal Year

Ogun State Governor, Mr. Dapo Abiodun, has presented an Appropriation Bill with a provisional value of N449.97 billion to the state’s Legislature for consideration as budget for the 2020 fiscal year. According to the budget proposal tagged ‘Budget to Build our Future Together’ laid before the State House of Assembly on Tuesday, the governor earmarked […]

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E-Payment Transactions Hit N42.76Trn In Q3, 2019

The National Bureau of Statistics (NBS) has reported that the value of e-payment transactions in the nation’s banking sector rose to N42.76 trillion in 800,201,498 transactions during the third quarter this year. The bureau, in its latest report titled ‘Selected Banking Sector Data Q3 2019’ stated that the figures were the available data on electronic […]

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Professional Services Sector Tops VAT Collections In Q3, 2019

The National Bureau of Statistics (NBS) has reported that out of the N275.12 billion raked in as Value Added Tax (VAT) in the third quarter of this year, the Professional Services sector accounted for the highest collection, totalling N32.09 billion,. Overall, the NBS, in its just published ‘Sectoral Distribution Of Value Added Tax (Q3,2019) report […]

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AfDB, Microsoft Launch Digital Training Platform For African Youths

The African Development Bank (AfDB) and technology solutions giant, Microsoft, on Tuesday today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youths across the continent. The platform, launched at the 2019 African Economic Conference in held in Egypt, aims to promote a continuous learning culture among […]