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Buhari unveils new focal policy agenda of his administration

President Muhammadu Buhari on Tuesday listed nine policy issues that will be the major focus of his administration in the next three years. Specifically, the President disclosed that between now and 2023 when his APC-led administration will complete its second term of four years, the government would commit its time, energy and other resources towards […]

Budgeting Economy News Extra Latest News

Finance Minister, Adeosun, Resigns From Office

The Minister of Finance, Mrs. Kemi Adeosun, has reportedly resigned from office following recent allegations of forgery levelled against her on the issuance of her certification of exception from the compulsory National Youth Service. Although details of the content of her letter of resignation are not in the public domain as at the time of […]

Economy News Extra Latest News Oil & Gas

President Buhari Mulls Review Of 13% Derivation Formula

President Muhammadu Buhari  on Friday assured that his administration may consider the review of  the 13 per cent derivation formula constitutionally provided for oil producing states in order to reduce agitations in the Niger Delta region ensure socio-economic wellbeing  of the people. The President’s promise was given when the Isoko Traditional Rulers and personalities led […]

Budgeting Latest News National Assembly

NASS Transmits N9.12Trn 2018 Budget To President Buhari

The National Assembly a few minutes ago transmitted the harmonised 2018 Budget to President Muhammadu Buhari for assent. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, confirmed  the transmission of the passed N9.12 trillion Appropriation Bill to the President. He said: “I have received the budget on behalf […]

Economy News Extra Investments/Capital Market Latest News

President Buhari Seeks Improved Investments From UK

President Muhammadu Buhari opened his meeting with the British Prime Minister, Theresa May, today in London with a strong appeal for improved investments from the UK in the nation’s economy. The President, who said that he was very concerned about improving the security and economic situation of the country, restated his government’s commitment to the […]

Banking

FG Extends VAIDS Implementation Deadline To June 30

President Muhammadu Buhari today approved the extension of the Voluntary Assets and Income Declaration Scheme’s (VAIDS’) implementation by three months to June 30, 2018. A statement confirming the extension of the scheme’s implementation after the original March 31 deadline issued by the Special Adviser Media & Publicity to the President, Femi Adesina, indicated that the […]

Economy News Extra Latest News

Why Nigeria Didn’t Sign Economic Partnership Agreement – Buhari

President Muhammadu Buhari today stated the reasons why Nigeria refused to sign the Economic Partnership Agreement (EPA) among ECOWAS member-countries. The Special Adviser on Media and Publicity to the President, Mr. Femi Adesina, stated that President Buhari made the clarification while receiving Letter of Credence from the Head of Delegation of the European Union (EU) […]

Economy News Extra Latest News

FG Saves N143bn Through Whistleblower Policy

The Presidential Initiative on Continuous Audit (PICA) has disclosed that Federal Government  recovered about N143.89 billion from corrupt officials through the implementation of the whistleblower policy. The PICA reported that the amount comprised, N7.8 billion, 378 million dollars and 27,800 pounds sterling. This is even as it stated that Federal Government received 8,373 tips since […]