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The federal government will slash the allocation of states where registered mining companies are taxed by local and state governments, the minister of information, Lai Mohammed, has said.
The Office of Vice President Yemi Osinbajo is not under investigation in the ongoing probe of National Home Grown School Feeding Programme by the House of Representatives, the House Committee on Public Accounts has said.
The Kaduna State Ministry of Finance on Tuesday, promised cash backing of nutrition budget releases brought before it, to ensure the implementation of nutrition programmes in the state.
Gov. Godwin Obaseki of Edo has denied the allegation of bloated contracts, using his company, Afrinvest Ltd., to siphon state’s funds.
The Presidential Artisanal Gold Mining Development Initiative, PAGMI, has assured that Central Bank of Nigeria’s purchase of locally produced gold will boost the nation’s foreign reserves.
The Accountant-General of the Federation, Ahmed Idris, said that the salary accounts of 793,580 Federal government employees and about 63 percent of members of Academic Staff Union of Universities (ASUU) have been captured on the Integrated Payroll Personnel Information System (IPPIS).
The Federal Executive Council, FEC, yesterday ratified the President’s anticipatory approval for the release of 15.21 million Euros offshore and N1.708 billion onshore counterpart funding for the power deal with Siemens AG, signed by the Nigerian and German governments last year.
Expectedly, President Muhammadu Buhari Wednesday presided over his 10th virtual Federal Executive Council (FEC) which also had in attendance his Vice, Professor Yemi Osinbajo, and eight ministers physically present.
Arising from the global COVID-19 pandemic with its attendant socio-economic impact on the national economies and its effects on human lives, the Ogun State government has revised its 2020 budget to N280B, to reflect the prevailing economic realities.
The Nasarawa State House of Assembly on Thursday passed into law a revised 2020 budget of N62.96billion only.
Kwara State government executive council has approved slashing of the 2020 budget to N114, 791,853,968, a 29.4 per cent decrease from the approved budget of N162,487,666,170, a fallout of dwindling revenue arising from COVID-19 pandemic and steep global economic slowdown.
Australia says its budget deficit will be 85.8 billion Australian dollars (AD) ($61.2 billion) in 2019-20 and AD 184.5 billion in 2020-21. This marks the biggest deficit since World War II, due to the economic fallout from the coronavirus pandemic.
President of the Senate, Ahmad Lawan, on Tuesday urged the Executive arm of Government to work on the estimates for the 2021 budget to ensure its timely presentation to the National Assembly by the end of September this year.
A Capital Market operator, Mr Boniface Okesie, says there is need for the Federal Government to urgently give COVID-19 bailout funds to local companies to reposition the economy.
European Union leaders took a break Monday morning on their fourth day of talks aimed at agreeing on a $2 trillion budget and funding to help member states cope with the effects of the coronavirus pandemic.
The Federal Executive Council (FEC), on Wednesday, approved the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) with N12.66 trillion budget projection for each of the three fiscal years.
The Senate on Wednesday at plenary, approved the sum of N168,809,476,220 to fund the proposed 2020 budget of the Federal Inland Revenue Services (FIRS).
A former governor of Ekiti State, Ayodele Fayose, has denied saying Governor Godwin Obaseki of Edo State will lose his re-election bid.
The Minister of Foreign Affairs, Mr. Geoffrey Onyeama, says though he had “three layers of protection,” they did not stop him from contracting the COVID-19 global pandemic.
The Lagos State Task Force on Environmental and Special Offences Enforcement Unit, on Wednesday, destroyed over 150 illegal shanties, kiosks and shop extensions in the Arewa Community Central Mosque area of Agege.
The leading candidates for the September 19 governorship election in Edo State, Governor Godwin Obaseki of the Peoples Democratic Party, PDP; and Pastor Osagie Ize-Iyamu of the All Progressives Congress, APC, are in a rat race of sorts for the support of traditional rulers in the state.
Barcelona midfielder Arturo Vidal has declared his side “the best team in the world” ahead of their Champions League quarter final clash against his former employers Bayern Munich.
The Northeast Development Commission (NEDC) has set up an Education Endowment Fund worth N6billion.
Russia has developed the first vaccine offering “sustainable immunity” against the coronavirus, President Vladimir Putin announced Tuesday.
The Federal Government has declared that only 85 local government areas spread across 20 states have not recorded a positive case of COVID-19, lamenting that the nation is at a very dangerous stage of community transmission.
Chelsea manager Frank Lampard described the rebuild of his team as a work in progress after they crashed out of the Champions League last-16 following a 7-1 aggregate defeat by Germany’s Bayern Munich.
Mrs Yinka Adeyemi, the Director of the Lagos State Directorate of Public Prosecution (DPP), on Tuesday said that courts in Lagos delivered 122 judgments on sexual offences cases from January 2020 to July 2020.