The Delta State Executive Council has proposed a budget of N714.4 billion for the 2024 fiscal year. The state’s Commissioner of Economic Planning, Mr. Sunny Edekeyan, who made this disclosure after the executive council meeting in Asaba, the state capital, said that in the draft Appropriation Bill soon to be laid before the state’s House […]
Users of Liquefied Petroleum Gas (cooking gas) in the country paid higher for the commodity in September when compared to the prices they paid in the preceding month, the National Bureau of Statistics (NBS), has reported. The statistics agency, in its ‘September 2023 Liquefied Petroleum Gas (LPG) Price Watch’ report published on Thursday, disclosed that […]
The Naira appreciated against the US dollar at the official market on Wednesday, closing at NGN801.10/$1 at the end of the day’s trading session. The local currency’s appreciation in exchange value at the official market represents a 5.83% increase from the N847.77/$1 it traded at the close of the previous day’s session. According to data […]
Ogun State Governor, Prince Dapo Abiodun, has reiterated the focus of his administration to provide qualitative governance for the people of the state. Giving the assurance while speaking during the citizen’s engagement on the 2024–2026 Medium Term Expenditure Framework (MTEF) and the 2024 budget at Ijebu-Ode, the governor said he would create enabling environment for […]
The Federal Government may soon impose excise tax penalties on foreign exchange FX transactions in the black market as part of its current measures to discourage multiple foreign exchange (FX) rates in the country. The fiscal measure is one of the recommendations of the Presidential Fiscal Policy and Tax Reform Committee, established in July this […]
The European Union (EU) has granted the Nigerian Nuclear Regulatory Authority (NNRA) €1 million for the implementation of an international nuclear safety cooperation project for the safe management of radioactive wastes in Nigeria. A news broadcast by Arise TV quoted the authority’s Director-General, Dr. Yau Usman Idris, as confirming the grant following the confirmation by […]
The Federal Government on Wednesday hinted that it would delist unverified civil servants from its payroll after the ongoing Integrated Personnel and Payroll Information System (IPPIS) verification exercise by Friday this week. The Director of Communication, Office of the Head of the Civil Service of the Federation (HOCSF), Mr Mohammed Ahmed, in a statement pointed […]
The Nigerian Railway Corporation has disclosed that from next week, electronic ticketing (e-ticketing) on the Lagos-Ibadan standard gauge will commence after months of arrangements to digitalize the ticketing process. The corporation’s Managing Director, Fidet Okhiria, while fielding questions at the Television Continental (TVC) on Tuesday on Tuesday confirmed that the final testing of the ticketing […]
The Director-General of the Debt Management Office, Ms. Patience Oniha, has projected that ongoing Federal Government’s efforts to enhance the nation’s revenue through current fiscal reform initiatives could help in reducing the nation’s debt service ratio to GDP by 20% in the medium-term. Oniha, who made this projection on Wednesday during an interview with Bloomberg, […]
The Central Bank of Nigeria CBN) has reported that Nigeria’s total money supply (M2) increased to N66.4 trillion in September 2023. The money supply, also known as M2, represents the total amount of money available in the economy at a particular moment, including physical currency such as coins and banknotes as well as deposits maintained […]