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Further withdrawals from the Paris Club refund by the states government has been stalled as a consultant has dragged the 36 state governors and the Federal Government to court.
Ekiti State Governor, Mr Ayodele Fayose, has described the decision to withdraw $1 billion from the Excess Crude Account (ECA) to fight Boko Haram insurgency in the North-east region as a means by the All Progressives Congress (APC)-led federal government to fund President Muhammadu Buhari’s re-election in 2019.
The UN Office for Coordination of Humanitarian Affairs (UN-OCHA) says it require $1.1 billion dollars to fund the 2018 humanitarian interventions in North-East.
The national economic council (NEC) has asked the federal government to use $1bn from the excess crude account (ECA) for the fight against insurgency in the north-east.
Evang Elliot Ugochukwu-Uko, the Deputy Secretary of Igbo Leaders of Thought, ILT, has said no amount of oppression can stop the agitation for Biafra.
The senate has asked the federal government to abolish the excess crude account (ECA).
Juventus president Andrea Agnelli has been banned for a year for his role in the sale of tickets to fan groups, the Italian Football Federation said Monday.
The South-east states governors, Governor Ayodele Fayose of Ekiti State and others yesterday expressed concern over the alleged invasion of the home of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, by Nigerian soldiers.
The administration paid N600b inherited fuel subsidy bill. Paid N60b inherited fertilizer subsidy bill. Paid inherited salaries and pension arrears of Federal workers. Started paying contractors that have not been paid since 2013 on Federal projects especially road construction across the country.
The Federal Government withdrew the sum of N359.39bn from the Excess Crude Account in 2015 to fund the payment of petroleum products subsidy in 2015, the Fiscal Responsibility Commission has said.
According to the publication, between 2005 and 2015, $201.2bn accrued to the nation through the instrumentality of the ECA, and the entire amount was shared among the three tiers of government within the period.
Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable.
Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive.
World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.
Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.
Rivers Governor Nyesom Wike has called on on leaders of Kalabari ethnic group inn the State to prevail on the Amanyanabo of Kalabari, King Theophilus J.T. Princewill, not to allow himself to be used by external forces to create disunity in the State.
Lagos State Governor Babajide Olusola Sanwo-Olu has announced the appointment of Mr. Adedamola Adekunjo as the new Managing Director with immediate effect.
The House of Representatives has set up an inquiry into allegations that the management of the Nigeria Social Insurance Trust Fund (NSITF) pilfered N2.3billion of workers’ funds. The motion to probe the agency was sponsored by Rep. Francis Ejiroghene Waive.
The Enugu State Internal Revenue Service, in compliance with court orders, on Friday, carried out distrainment of some commercial banks, hotels, schools and other properties in the state for refusal of their owners to pay withholding taxes, PAYE tax, Land Use Charge and other development levy to the state government.
Cross River Cocoa Processing Factory located in Ikom is scheduled to begin a test run early next year following ninety-five percent work completion by the contracting firm A A Universal.
Former Nigerian Chief of Army Staff, multi-millionaire businessman and philanthropist, General Theophilus Yakubu Danjuma, GCON, has made what can be the single largest donation of 5 Billion Naira to the Diocese of Lagos Centenary City project.