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Money Laundering Charge: Court Orders Maina To Remain In Prison

The Federal High Court in Abuja on Friday ordered the remand of former Chairman of the defunct Pension Reform Taskforce Team, Mallam Abulrasheed Maina, in prison custody till the conclusion of his trial over money laundering charges. Maina is facing a 12-count money laundering charge preferred against him and his firm, Common Input Properties & […]

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Taraba Proposes N139.46Bn Budget For 2021 Fiscal Year

The governor of Taraba State, Mr. Darius Ishaku, on Friday presented an Appropriation Bill of N139,460,435,961 to the state House of Assembly for consideration as budget for the 2021 fiscal year. Christened ‘Budget of Restoration and Stabilization’, the Bill pegged the state’s recurrent expenditure at N82,910,048,650, while capital expenditure is proposed to gulp N56,550,387,310. Governor […]

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Maritime Workers To Begin 3-Day Warning Strike From Monday

Maritime Workers Union of Nigeria (MWUN) has directed its members nationwide to shut ports operations and embark on a three-day warning strike from Monday, December 7, to protest the increasing problem of gridlock on the Apapa-Oshodi Expressway. Specifically, the union linked its planned industrial action to the worsening situation of the major road to the […]

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MSMEs Survival Fund: FG Launches Transport Track Of Artisans, Scheme

The Federal Government has launched the Transport Track of Artisans and Transport Scheme under its Micro, Small and Medium Enterprises (MSMEs) Survival Fund to overcome the challenges posed by Covid-19 pandemic to the economy. The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Katagum stated this at the launch of the Transport […]

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NANTS, NUTAG Laud FG On Plan To Evacuate Traders From Ghana

The National Association of Nigerian Traders (NANTS) and the Nigerian Union of Traders Association in Ghana (NUTAG) has commended the Nigerians in Diaspora Commission (NIDCOM) over its planned efforts to evacuate Nigerian traders from Ghana. The groups’ commendation was expressed at an Inter-Ministerial Committee meeting held in Abuja which was attended by representatives of the […]

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CBN Accuses IMTOs Of Violating Diaspora Remittances Policy

The Central Bank of Nigeria (CBN) has reported a breach by International Money Transfer Operators on Diaspora remittances, which it described as a gross violation and intended to undermine its new policy. The CBN Governor, Godwin Emefiele, disclosed this on Thursday during a media briefing in Abuja on the apex bank’s new policy on Diaspora […]

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AfDB’s Board Approves $5Mn For Clean Cooking Projects In Africa

The African Development Bank’s (AfDB’s) Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa. The continental development finance institution’s investment in the project will be complemented by an additional €10 million by the European Commission’s contribution. The Bank’s […]

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FCMB Urges Business Owners On Tax Matters

First City Monument Bank (FCMB) has urged business owners in the country to constantly update their knowledge on emerging fiscal developments in the corporate environment, particularly on taxation as a strategic step towards improving their businesses’ competitiveness and overall performance. This is even as the leading lender also charged regulatory intuitions, agencies and other stakeholders […]

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Era of Purposeful and Innovative Leadership: Prof Adeyeye Gives NAFDAC New Lease of Life

“Rather than running after fake drug importers here in Nigeria, NAFDAC has made it difficult if not impossible for them to ship fake drugs into Nigeria without being caught at the country of export. This has lessened the hues and cries over arrests of fake medicine importers in Nigeria by NAFDAC as the agency has taken the battle to the countries where the products are being manufactured.”

Budgeting Civil Advocacy & Gender Matters Economy News Extra Infrastructure & Capital Projects Latest News Planning & Economic Development Political Economy

BudgIT Urges FG To Prioritize Value-Adding Capital Projects

BudgIT Foundation, a civic-tech non-governmental organisation leading the advocacy for fiscal transparency and accountability in budget and public finance, has urged the Federal Government to allocate more funds to capital projects that directly affect the welfare of the citizens. More importantly, the organisation stressed that it had become expedient that more funds be allocated to […]