BudgIT, a civil society organization committed to transparency in public finance in the country, has expressed its concern over Nigeria’s poor ranking for the second time in the global Commitment To Reducing Inequality (CPI) index despite government’s commitment to tackle inequality challenge in the country.. Nigeria was ranked 157th out of 157 countries covered in […]
The Apapa Command of the Nigeria Customs Service (NCS), has reported that it generated N101,781,353,765.23 from August to September this year. Specifically, the Command raked in N68,668,095,723.16 in August and N33,113,258,042.00 in the month of September. Speaking on the performance of the Command during the two-month period, while addressing stakeholders recently, the Controller, Comptroller Abubakar […]
The Federal Government on Thursday indicated its plan to propose a N8.6 trillion Appropriation Bill to the National Assembly for consideration as 2019 budget. When analysed year-on-year, the proposed budgetary provision is lower by about N500 billion to the N9.1 trillion approved budget for the current fiscal year. It would be recalled that the National […]
The Head, Quality Assurance/Quality Control, Dangote Oil Refinery Company Limited, Rama Rao Putta, has projected that when it comes on stream, the refinery could save Nigeria yearly about $26 billion on fuel bills among other socio-economic benefits. He described the project as the largest single train petroleum refinery globally with capacity to process 650,000 barrels […]
The African Development Bank (AfDB) Group has granted approval for the release of $10 million in the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) to fast-track the execution of the country’s infrastructure investment projects, particularly in power and energy sectors The NIDF is the first and the only listed local currency infrastructure debt fund […]
The World Bank on Thursday advised states in the country to sustain their reform initiatives aimed at improving the ease of doing business for domestic small and medium enterprises in their domains. The advice was based on the findings of the multilateral financial institution’s latest edition of it’s Doing Business in Nigeria report. The report, which […]
The upper chamber of the National Assembly, the Senate urged the Central Bank of Nigeria, CBN, to direct banks to increase the maximum per transaction withdrawal by customers automated teller machines (ATMs) to N40,000 up from the N20,000 currently. This is even as the ‘red chamber’ also canvassed immediate cancellation of ATM card maintenance fees […]
The Federal Executive Council on Wednesday formally approved that the proposed plan by government on the issuance of $2.9 billion Eurobond and other securities from the international capital market should be implemented. The Minister of Finance, Zainab Ahmed, disclosed this to State House correspondents at the end of the council’s weekly meeting at the Presidential […]
The newly sworn in Governor of Ekiti State, Dr. Kayode Fayemi, yesterday abolished payment of education tax in primary and secondary schools in the state. The governor announced this during his ‘Thank You’ visit to Ekiti North and South Senatorial Districts. Before the latest fiscal policy pronouncement, pupils and students of primary and secondary schools […]
The Nigerian Governors Forum on Wednesday expressed its stance on the ongoing national minimum wage issues, maintaining that it is not against the upward review of the minimum wage for workers. The Chairman of the Forum, Governor Abdulaziz Yari of Zamfara State, who disclosed this while briefing journalists on the outcome of the governors’ meeting […]