Budgeting Economy News Extra Latest News National Assembly Political Economy Revenue Taxation

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 […]

Economy News Extra Environment Latest News Oil & Gas Political Economy

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 […]

Budgeting Economy News Extra Latest News Political Economy

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 […]

Budgeting Economy News Extra Latest News National Assembly Political Economy Revenue

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 […]

Economy News Extra Infrastructure & Capital Projects Latest News Political Economy Revenue Taxation

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 […]

Budgeting Economy News Extra Latest News Political Economy Revenue Taxation

FG Tasks States On Alternative Revenue Generation Options

The Minister of State Budget and National Planning, Prince Clement Agba, has charged state commissioners of budget and economic planning to devise alternative ways of revenue generation to ensure sustainable development of the nation’s  economy. The Minister gave this charge at the  Forum of Commissioners of Budget and Economic Planning, Community of Practice (CoP) meeting […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News Political Economy

CBN Director, Others To Appear As Witnesses In Mompha’s Trial

Following his pleading not guilty to a 14-count charge of money laundering, unauthorised forex trade and failure to comply with government’s trade and exchange policy, a Federal High Court in Lagos on Monday remanded a suspected money launderer, Ismaila Mustapha (aka Mompha) over his arraignment for alleged N33 billion fraud. This is even as the […]

Budgeting Economy News Extra Investments/Capital Market Latest News Political Economy

FGN’s N150Bn Bond Auction In November Oversubscribed – DMO

The Debt Management Office (DMO) on Thursday stated that the FGN Bond Auction, which took place on Wednesday, November 20, 2019 was over-subscribed significantly by investors. For the auction, the DMO offered N150 billion from three (3) Instruments (5-Year, 10-Year and 30-Year Bonds) for N50 billion each to investors The Office indicated that total subscriptions […]

Economy News Extra Insurance & Pension Latest News Political Economy Professionals & HR Devt.

NAICOM Boss Tasks Insurers On Customer Satisfaction, Professionalism

The National Insurance Commission (NAICOM) has charged operators in the nation’s risk underwriting sector to prioritise improved service delivery as a strategic option of satisfying customers and by implication, grow the industry and improve its contributions to the Gross Domestic Product (GDP). The Acting Commissioner for Insurance, Mr. Sunday Thomas, gave the charge in his […]