In line with its practice, the Debt Management Office (DMO) has published Nigeria’s total public debt as at September 30, 2021, totaling N38.005 trillion (about USD92.626 billion.. The figures comprised the total external and domestic debts of the Federal Government of Nigeria (FGN), 36 State Governments and the Federal Capital Territory (FCT) The DMO attributed […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami , on Monday said that the 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. Nami was quoted by his Special Assistant (Media & Communication), Johannes Oluwatobi Wojuola, in a statement as making this […]
The Securities and Exchange Commission (SEC) on Tuesday told the House of Representatives Committee on Capital Markets and Institutions that the Commission was engaging relevant stakeholders in a bid to resolve issues of identity management relating to the rising unclaimed dividends in the capital market as well as other issues. Identity theft is a fraudulent […]
With the U.S President, Joe Biden’s , movement on Friday to a hospital for anesthesia check-up that may take days to be completed, the country’s Vice President, Kamala Harris, will serve as acting president until medical report confirms that Biden is fit to continue in office as President. A statement issued by the White House […]
Apparently impressed by the improvements recorded by the National Bureau of Statistics (NBS)in Nigeria’s national statistical system in recent years, the Federal Government and the National Assembly have promised to continue to support the agency with more funds and other needs to sustain the standardization trajectory of the nation’s statistical data production and dissemination in […]
The Senate on Wednesday approved the Federal Government’s $16.2 billion and $16.2 billion loan requests presented to it by President Muhammadu Buhari some months ago. In addition, the upper legislative chamber also approved a grant component of $125,000,000.00 under the 2018-2020 External Borrowing (Rolling) Plan. This approval is coming barely four months after the Senate […]
Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has stressed the need for the Nigerian government to put in place a legal framework for Privatisation and Public Private Partnerships (PPPs) to enable government collaboration with the private sector to meet Nigeria’s public infrastructure demands and also ensure that the country maximizes the value potential […]
The Federal Government has disclosed that it is working on a bill, the Nigeria Startup Bill (NSB), that will fast-track the ongoing efforts to digitalize the nation’s economy. The government hinted that the Bill, now being worked on, will provide for a set of rules and incentives that would help create an enabling environment for […]
Stakeholders in the North Central zone on Thursday failed to agree on a new revenue sharing formula for the tiers of government with their recommendations ranging from 29% to 35% for state governments. The stakeholders, who shared their thoughts during the Public hearing of the current Revenue Allocation Formula (RAF) for the North Central Zone), organised […]
The Organisation of Petroleum Exporting Countries (OPEC) has reported that Nigeria’s rig count increased by 20.8 per cent Year-on-Year (YoY), to 29 in the third quarter of this year from the 24 rigs recorded in the corresponding period of last year. Rig count is a global index for measuring activities in the upstream sector of […]