L-R: Minister of Finance, Mrs Kemi Adeosun(left); Minister of Budget and National Planning, Senator Udoma Udo Udoma; Minister of State for Budget and National Planning, Hajia Zainab Ahmed and Minister of Information, Alhaji Lai Mohammed, during the Public Presentation and Breakdown of the 2018 FGN Budget in Abuja on Thursday, 21st June, 2018.
The Federal Government on Tuesday said that the Transmission Company of Nigeria (TCN) had been appointed to manage its planned N72 billion investments in 11 electricity distribution companies (Discos) to upgrade their distribution infrastructure nationwide. The Managing Director of TCN, Mallam Usman Mohammed, confirmed that the Minister of Power, Works and Housing, Mr. Babatunde Fashola, […]
The Ministry of Industry, Trade and Investment and Shandong Ruyi International Fashion Industry have signed a Memorandum of Understanding (MoU) for a $2 billion investment in the nation’s cotton sub-sector with a view to enhancing productivity across its value chains. According to available information provided by the ministry, the deal was one of the 13 […]
There are strong indications that the Nigerian Maritime Administration and Safety Agency (NIMASA) may be under investigations by the Federal Inland Revenue Service (FIRS) for suspected under-declaration of and outright failure to remit Value Added Tax (VAT) and With Holding Tax (WHT) collections. Although the figures involved have not been made public, figures being bandied […]