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Appropriation Act

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal Capital Territory (FCT) High Court to- “declare the life pension edict-law 2019, passed by the Abuja Municipal Area Council (AMAC) null and void.

IGR: CSO petitions AMAC legislators, wants council chairman probed

A Civil Society Organization (CSO) under the aegis of Civil Society for Human Rights and Rehabilitation has petitioned the legislative arm of Abuja Municipal Area Council to investigate alleged infractions committed by the chairman of the council, Hon. Abdullahi Adamu Candido.

DMO: Nigeria public debt stands at N26.2 trillion

The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion.
President Muhammadu Buhari on Monday signed the finance bill into law.

New VAT rate takes off as President Buhari signs Finance Bill into law

The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

Court asked to stop federal government from spending N37 billion to renovate National Assembly...

The Socio-Economic Rights and Accountability Project (SERAP), BudgIT, Enough is Enough (EiE) and 583 concerned Nigerians have filed a lawsuit asking the Federal High Court, Abuja to “restrain and stop President Muhammadu Buhari and Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning from releasing N37 billion allocated for the renovation of the National Assembly complex to the Federal Capital Development Agency and the National Assembly until an impact assessment of the spending is carried out.”
Abubakar Malami

2020 budget will gulp bulk of looted funds recovered

There were indications on Tuesday that paucity of funds available to the Federal Government to meet infrastructural needs, especially the implementation of the 2020 budget when passed, may compel the government to channel most of the funds so far recovered through its anti-graft policy into the budget.
Prof. Mahmood Yakubu, the Chairman, Independent National Electoral Commission (INEC)

Mahmood Yakubu: INEC followed 2019 budgetary provision despite pressure

Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), says the commission followed the 2019 budgetary provision despite pressure to accommodate some of its activities.
Abubakar Malami

AGF demands release of 2.5% recovered assets

Attorney-General of the Federation, Abubakar Malami on Wednesday called for the approval of 2.5 per cent as requisite commission arising from recovery of off-shore stolen assets from the country.

Oil firms at $59 as US, China tariff hike wanes

Oil prices rose in highly volatile trade on Tuesday in the wake of expectations of a drawdown in the United States (U.S.) crude inventories.
Debt Management Office (DMO)

Nigeria’s second Sovereign Green Bond oversubscribed by 220 percent

A statement from the Debt Management Office (“DMO”) on Thursday said: “The proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris Agreement on Climate Change.”

House of Reps condemn federal government department’s ‘copy and paste’ budget

The House of Representatives’ Committee on Urban Development and Regional Planning on Thursday condemned the untidiness and errors in the 2019 budget proposal presented by the Urban and Regional Development of the Federal Ministry of Power, Works and Housing.

ICPC begins probe of ministries, departments, agencies

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that it had commenced probe of federal government parastatals.
Isiaka Abdulrazaq

NNPC: We’ve right to make withdrawals from NLNG dividend account

The Nigerian National Petroleum Corporation (NNPC) insists there is nothing illegal about the withdrawals made from Nigerian Liquefied Natural Gas (NLNG) Dividend Account

NNPC threatens court action over withdrawal of $1.05 billion

Nigerian National Petroleum Corporation (NNPC) threatens to seek legal interpretation on whether it has right to withdraw funds from Nigeria LNG Dividend Account without the approval of National Assembly
Acting Finance Minister of Finance Zainab Ahmed

House of Reps accuse Zainab Ahmed of holding judiciary’s 2018 funds

The House of Representatives has asked President Muhammadu Buhari to order the Minister of Finance, Zainab Ahmed, to release the funds appropriated for the judiciary in the 2018 Appropriation Act.

Ibikunle Amosun presents N402.63 billion 2019 budget to Ogun Assembly

Governor Ibikunle Amosun of Ogun State, on Wednesday, presented a budget estimate of N402.63 billion as the 2019 Appropriation Bill to the State House of Assembly.

2019: Group warns against further delay in INEC funding

The Movement for Transparent Elections (MTE), a Civil Society Organisation (CSO) has warned that further delay in release of the budget of the Independent National Electoral Commission (INEC) portends great danger to Nigeria’s democracy.
national assembly abuja

National Assembly slashes funds from presidency, ministries to fund 2019 elections

The Senate and the House of Representatives had approved that the sum of N242 billion be taken from Service Wide Votes for the Independent National Electoral Commission (INEC) and security agencies to conduct the 2019 elections.
Acting Finance Minister of Finance Zainab Ahmed

Ministers: Federal government can’t fund budget 2018 unless assets are sold

Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.

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Adams Oshiomhole

Adams Oshiomhole: Emeka Ihedioha never won Imo, Supreme Court made correction

National Chairman of the All Progressives Congress Adams Oshiomhole said ousted Imo governor Emeka Ihedioha did not win the 9 March 2019 election and that the Supreme Court judgment was a remedy for the fraud.
It was gathered that the victim, who was reportedly taken to the Federal Medical Centre (FMC), Idi-aba Abeokuta, died on Saturday.

One dies of Lassa fever in Ogun

Barely three days after the Ogun State Government denied outbreak of Lassa fever, a 26-year-old woman, Titilayo Akinsola, on Saturday, died of the hemorrhagic fever in Abeokuta, the state capital.
The Federal Ministry of Health through the Nigeria Centre for Disease Control (NCDC) has formally announced the inclusion of three new laboratories into the national yellow fever-measles-rubella laboratory network 7

Lassa fever: 29 deaths, 195 confirmed cases reported in 11 states – NCDC

The Nigeria Centre for Disease Control (NCDC) has disclosed that 29 deaths and 195 confirmed cases of Lassa fever had been reported in 11 states of the federation.

Iwo monarch laments failure of Yoruba language

The Oluwo of Iwo, Oba AbdulRasheed Akanbi, Saturday lamented the failure of Yoruba language to evolve with the current trends and assert its identity among respectable languages in the world.
Former Super Eagles forward Odion Ighalo continued his recovery from an hamstring injury with a session in the gym on Tuesday.

Manchester United target Nigerian forward Odion Ighalo

Manchester United are looking at Odion Ighalo as they try to bring in a striker on loan following the long-term injury to Marcus Rashford.