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LIRS Boss Bags ‘Innovative CEO Of The Year Award 2022’ …..Assures Sustained Tax System Efficiency In Lagos

The Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair has been conferred with the ‘Most Innovative CEO of The Year Award 2022’ by the New Telegraph newspapers. The New Telegraph Newspapers, organizers of the award explained that Subair was honoured for his landmark strides since he became the LIRS Executive […]

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World Bank Rates Nigeria’s Public Expenditure Among Lowest Globally, Proffers Solutions

The World Bank Group has rated Nigeria’s fiscal system, in terms of revenue generation and inefficient use of resources, among the lowest globally and canvassed the need for the Nigerian governments to embark on macroeconomic and fiscal reforms to lift Nigeria’s development outcomes. The Washington D. C-based development finance institution’s latest position on the nation’s […]

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DMO Offers N100Bn “Ijarah Sukuk” Bonds To Fund Road Construction

The Debt Management Office (DMO) on Monday offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on behalf of the Federal Government. It stated that the offer, which opened the same day it made the announcement, is of 10-year tenor due for maturity in December 2032 and the bonds were issued by […]

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Buhari To Kick-Off Maiden Crude Oil Drilling In Northern Nigeria

The Federal Government has concluded arrangements to kick-off the validation phase of the first integrated oil development project in Northern Nigeria on Tuesday as part of sustained efforts to tap into hydrocarbon resources deposits of the country. According to sources at the Presidency, the event to be performed by President Muhammadu Buhari will take place […]

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FG Commends States On Improved Fiscal Performance, As Yobe Tops Chart

The Federal Government has commended state governments in the country on their scorecards in the implementation of the States Fiscal Transparency Accountability and Sustainability Programme for Results (SFTAS). The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, who lauded the sub-national government governors at a dinner in Abuja, noted that the $1.5bn […]

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Nigeria To Begin Rice Export As RIFAN, Firm Sign MoU

The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice company for processing and sale of rice to local and international markets. The deal was confirmed in a statement issued by the Deputy Managing Director, Tiamin Rice company, Mr Aliyu Ibrahim,  on Wednesday in Abuja The rice processing […]

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Contributions Of Nigerians In Diaspora To Economy Remarkable – FMBN Boss

The Managing Director of Federal Mortgage Bank of Nigeria (FMBN) Mr. Hamman Madu, has commended Nigerians in diaspora over foreign currencies remittances to the country, saying the monies have continued to help in boosting the nation’s economy over the years. The mortgage banker gave the commendation at the opening session of the 3-Day 5th Nigeria […]

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State Govts To Receive Final Tranche Of $1.5Bn SFTAS’ Grant Soon – Ahmed

The Federal Government has promised that disbursement of the last tranche of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme, will be received by state governments within the next few weeks. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this disclosure during an event organized by her […]

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Buhari Charts Roadmap To Nigeria’s Sustainable Economic Growth

President Muhammadu Buhari has said that the task ahead in building a prosperous Nigeria requires partnership, innovative thinking, and most importantly, disciplined implementation of development policies by governments and the organized private sector. Represented by the Vice President, Prof. Yemi Osinbajo, during the opening session of the ongoing National Economic Summit 2022 in Abuja,  the […]