The House of Representatives on Thursday refused to consider the 2021 budget proposal of the Ministry of Aviation following the delayed submission of the estimates to the Legislature. The fiscal papers supporting the budget estimates were submitted to the Committee on Aviation barely an hour to the budget defence session. The Chairman of the Committee […]
Globacom, Nigeria’s leading telecommunications services provider, has introduced affordable packages tagged ‘Glo Social Bundles’ as part of its efforts to facilitate access to popular social media platforms by millions of subscribers. The newly introduced Glo Social Bundles include a package each for WhatsApp, Twitter, and Facebook, under which subscribers can enjoy 100MB for N25 per […]
The Deputy Senate President, Senator Ovie Omo Agege, has condemned in unequivocal terms the diversion of the 13 percent oil derivation funds by oil producing states in view of the implications for the socio-economic wellbeing of ordinary people in the affected states. The lawmaker lamented that despite the billions of Naira being distributed to the […]
Cross River State Governor, Prof Ben Ayade on Thursday presented N227.709 billion Appropriation Bill for consideration by the State House of Assembly as fiscal 2021 budget. The governor, who led the Executive team to the Assembly, explained that the 2021 Appropriation Bill christened “Blush and Bliss”, out of the budget estimates, N192, 511, 985, 550, […]
The World Bank Group and the International Monetary Fund (IMF) have shifted their Annual Meetings scheduled for Marrakesh, Morocco, in October 2021 to 2022 due to the COVID-19 pandemic. The IMF stated on Thursday that the decision to postpone the Annual Meetings was reached after consultations between the two Breton Woods Institutions and the host […]
Apparently concerned with huge sums being expended by President Muhammadu Buhari and other top state officials on foreign medical treatments yearly, the Senate on Thursday cautioned against such medical trips by the affected officials in view of the deleterious effects on the nation’s public finance system. Specifically, the Senators kicked against the medical tourism practice […]
Pharmaceutical industry operators in the country are seeking a review of the terms and conditions for accessing and repaying the N100 billion Central Bank of Nigeria’s (CBN) Health Sector Support Facility as they contend with scarcity of foreign exchange (FX) and other fiscal challenges in their operations. The N100 billion credit support intervention fund is […]
Jaiz Bank Plc, Nigeria’s premier non-interest bank, has recorded another impressive performance in the 3rd quarter of 2020 with its profit before tax (PBT) rising by 44.36 percent to N2.13 billion over year 2019 corresponding quarter PBT of Ni.47 billion. The lender’s Q3,2020 results which was submitted to the Nigerian Stock Exchange (NSE) showed that […]
Jigawa State Governor, Alhaji Abubakar Muhammad Badaru,on Wednesday presented N156.6 billion Appropriation Bill to the State’s House of Assembly for consideration as budget for the 2021 fiscal year. Presenting the Appropriation Bill tagged ‘Budget of Thrust and Policies’ during plenary of the Legislature in Dutse, the governor disclosed that the proposed budget was 2.4% and […]
The Central Bank of Nigeria (CBN) has reported that Nigeria recorded $1.4 billion trade deficit in August this year as earnings from non-oil exports dipped by 11 percent or $32 billion during the month. The deficit balance of trade value by the Nigeria came amidst improved value of external trade by 12 percent to $5.8 […]