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Lagos Governor, Babajide Sanwo-Olu, has re-ordered the 2019 Budget of the state with a letter to the state Assembly seeking a loan of N250bn.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
Some economic experts have expressed concern over the Federal Government’s decision to base the estimated revenue from Value Added Tax in 2020 by 7.5 per cent instead of five per cent.
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.
Akwa Ibom Governor Udom Emmanuel has proposed a total budget estimate of N597,800 for the 2020 fiscal year before the House of Assembly.
The Nigeria Association of Chambers of Commerce, industry, Mines and Agriculture (NACCIMA), has commended the handling of the economy by the current administration but however, decried inflation rate of 11.02 per cent as at August fueled by high food prices at 13.17 per cent in the same month.
Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
As Nigeria marks its 59th independence anniversary, President Muhammadu Buhari has ordered the Ministry of Finance, Budget and National Planning to release the sum of N600 billion for capital expenditure within a three-month time frame.
The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
A former Minister of Justice and Attorney General of the Federation (AGF), Bayo Ojo (SAN), does not believe that the Irish company, Process and Industrial Development Limited (P&ID), deserves more than $250 million in damages as against the $6.5 billion initially awarded by a tribunal in the United Kingdom (UK).
Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
Dr Patricia Auta, a financial analyst, has described the 2019 budget as inadequate to meet the needs of the Nigerian population, which is put at more than 200 million.
The Lagos State House of Assembly has stepped down debate and passage of the state’s 2019 Appropriation Bill after receiving report of its Committee on Economic Planning and Budget.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that it had commenced probe of federal government parastatals.
Nigerian singer, songwriter and record producer, David Adedeji Adeleke aka Davido, has deposited the sum of $100K (N36million) to purchase customised jewelry for Zlatan Ibile, Skibii and seven other members of his 30BG (30billion gang).
The FCT Minister of State, Dr Ramatu Aliyu, has called on the National Emergency Management Agency (NEMA) to extend relief assistance to the people affected by flood in over 150 communities in Kogi State.
Financial experts on Wednesday attributed rise in inflation rate for the month of September to border closure and the new minimum wage.
The Edo State Commissioner of Police, DanMalam Mohammed, on Wednesday confirmed the death of a police sergeant, Yusuf Igoche, in a gun duel with armed robbers on Lagos-Benin Expressway on Tuesday.
Workers of College of Health Sciences, Ladoke Akintola University of Technology (Lautech), have alleged that the Soun of Ogbomosho, Oba Oyewumi Ajagungbade III, is complicit in the university’s crisis.
The sacked Chairman of the Academic Staff Union of Polytechnic, RUGIPO chapter, Oluwadare Ijawoye, and his Secretary, Ade Arikawe, have described the action of the management as illegal.
France manager Didier Deschamps has urged Chelsea striker Olivier Giroud to quit the Stamford Bridge outfit and find a new club in a bid to retain his place in the national team.
The chairman of Club Owners Association, Barrister Isaac Danladi has described as sacrosanct the November 3 kick-off date for the 2019/2020 Nigeria Professional Football League as announced on Monday by the League Management Company.