Ogun State Governor, Ibikunle Amosun, has presented an Appropriation Bill of N402.6 billion to the state’s House of Assembly for consideration as the 2019 budget. Amosun tagged the Appropriation Bill a ‘Budget of Enduring Legacy’ with the 63.10 percent of the total budget proposed as capital expenditure and the remaining 36.90 percent as recurrent expenditure. […]
The Osun State Government, on Thursday unveiled a 10-Year Development Plan the implementation of which is expected to boost the state’s economic growth and human capital quality on a sustainable basis. The state Commissioner for Economic Planning, Budget and Development, Dr. Olalekan Yinusa, explained that the Osun Development Plan 2019-2028 was hinged on four pillars […]
The Nigeria Customs Service (NCS) on Wednesday hinted on its plans to introduce Electronic Cargo Tracking System in 2019 as part of its initiatives to enhance its operations at various border posts in the country. The Comptroller-General of Customs, Col. Hameed Ali (rtd), who disclosed this during a joint press conference with his counterpart from […]
The Central Bank of Nigeria (CBN) on Wednesday supplied $210 million to the interbank foreign exchange market to sustain the market’s liquidity. The apex bank’s intervention showed that the sum of $100million was offered to the wholesale segment, while both the Small and Medium Enterprises (SMEs) as well as the Invisibles segments received $55 million […]
The Head of Service of the Federation, Winifred Ekanem Oyo-Ita, has expressed support for current agitations for the speedy passage of the Audit Bill, stressing that an Audit Act will enable the Office of the Auditor-General for the Federation (OAuGF) carry out its constitutional functions more efficiently. Oyo-Ita made the call at the Audit House […]
South Africa’s former president, Jacob Zuma, has faulted the sacking of the head of the South Africa Revenue Service (SARS), Tom Moyane, by President Cyril Ramaphosa , saying the latter’s decision was uncalled for. Ramaphosa had this month sacked the SARS’ boss after a judicial inquiry recommended his removal to ensure that the reputation of […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that no state in the country can totally finance its annual budget with its Internally Generated Revenue (IGR) and resources received from the Federation Accounts Allocation Committee (FAAC). The agency, in its latest edition of its quarterly magazine, noted that despite the substantial distributions to the […]
Nigeria’s Consumer Price Index (CPI) decreased by 11.26 percent year-on-year in October 2018, representing 0.02 percent points lower than the 11.28 percent rate recorded in the preceding month. The CPI measures the average change over time in prices of goods and services consumed by people for day-to-day living, that is, it measures the inflation rate […]
The Department of Petroleum Resources (DPR) has reported that Nigeria collected about N1.68 trillion as revenue from oil and gas royalty, gas flare penalty, concession rentals and miscellaneous oil revenue sources between 2015 and 2017. The Department in its just published 2017 Nigerian Oil and Gas Industry Annual Report, stated that about N545.06 billion was […]
The Association of Licensed Telecoms Operators of Nigeria (ALTON), has raised serious concern over the likelihood of major disruption of telecommunication services in 10 states and the Federal Capital Territory (FCT) following the sealing of telecom infrastructure by Kogi State Government over alleged tax defaults of telcos. The National Chairman of the association, Engr. Gbenga […]