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Seyi Makinde

Governor Makinde abolishes fees in Oyo schools

New governor of Oyo State, Mr. Seyi Makinde, has abolished N3,000 school fees in the state-owned secondary schools, which was introduced by the administration of the immediate past governor, Senator Abiola Ajimobi.

Bayelsa accuses federal government of manipulating excess crude account

Bayelsa State Government on Tuesday accused the Federal Government of manipulating the Excess Crude Account, saying it had led dwindling allocations to the state.

Bayelsa generates N1.15 billion IGR in April

Bayelsa State Government said it generated N1.15 billion from internal sources in April 2019.

Governor Okorocha: I’m leaving N42.5b in Imo coffers

Outgoing Imo State Governor Rochas Okorocha on Monday disclosed he has kept N42.5 billion in the coffers of the state for his successor, Chief Emeka Ihedioha.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Minister: N30, 000 new minimum wage started April 18

The Federal Government has said that no governor in the 36 states of the federation will say that he will not pay the new minimum wage of N30, 000.
Ifeanyi Okowa Delta

SERAP sues Governor Okowa over ‘poor, substandard primary schools’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court to: “compel governor Ifeanyi Arthur Okowa of Delta State to explain the disparity between budgetary allocations to primary education and the reality that several of the around 1,124 primary schools across the State are in shambles, and with very poor teaching facilities.”
National Bureau of Statistics NBS

NBS: FAAC disbursed N257.76 billion to federal government in April

The National Bureau of Statistics (NBS) on Thursday revealed that the Federal Government received N257.76 billion from Federation Account Allocation Committee (FAAC) in April, 2019.

Group condemns attacks, blackmail on central bank chief Godwin Emefiele

A group, Yoruba Youth Democratic Movement (YYDM), has condemned what it called blackmail by some people who are against the re-appointment of the governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele.
Isaac Okorafor

No money missing, stolen in central bank – spokesman

The Director, Corporate Communications, Central Bank of Nigeria (CBN), Mr Isaac Okoroafor, said that no money is missing or stolen from the bank’s coffers as reported in some section of the media.

Report: Only 10 Nigerian states economically viable, 17 insolvent

The Economic Confidential has released the Annual States Viability Index (ASVI) which shows that seventeen (17) States are insolvent as their Internally Generated Revenues (IGR) in 2018 were far below 10% of their receipts from the Federation Account Allocations (FAA) in the same year.

Lawyer asks court to nullify central bank chief’s re-appointment

A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele

Central bank threatens legal action over ‘stolen’ N500 billion allegation, says money was given...

The Central Bank of Nigeria (CBN) says N150 billion which was reported as stolen from its coffers was part of a N650 billion loan to states.

Oil slump: FAAC disbursements drop in Q1 2019

The fall in oil prices slightly affected government earnings in the first quarter of 2019 as the Federation Allocation Account Committee disbursed N1.929tn between January and March this year.

SERAP asks Governor Ganduje to reject fat pensions, luxury cars-for-life for Kano lawmakers

“If assented to, the bill would lead to a misuse of trust property and threaten to affect the welfare of the people of Kano by diverting public funds from development and provision of access to quality education, clean water and healthcare to the personal benefits of members of the House of Assembly.”
L-R AFX Group UK Business Development and Sales associate, Mr. Claude Herve; Country Manager, Fintech Global Markets Engr. Joel Adoki ; Chief Executive Officer MBA Forex International Mr. Maxwell Odum and Head of Back office and Trade Desk AFX Group UK, Mrs. Natalia Stetco during a session at a one day Financial Investors Summit held in Lagos on Saturday.

Report: Nigeria’s rising debt jostles investors

Some foreign investors and analysts are beginning to raise concerns about the cost of Nigeria’s debt and how the proceeds of bond sales are utilised.
Uche Uwaleke

Expert: New minimum wage will not cause inflation

An economic expert, Prof. Uche Uwaleke, said the new minimum wage would not lead to inflation contrary to speculations by some Nigerians.
National Bureau of Statistics NBS

NBS: 36 states, FCT generate N324.59 billion IGR in 2018 fourth quarter

The National Bureau of Statistics (NBS) said the Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory (FCT) for fourth quarter of 2018 was N324.59 billion compared to N264.34 billion recorded in third quarter of the same year.
Zainab Ahmed

Federal, states, local governments share N617.566 billion for March

A total of N617.566 billion has been distributed as Federal Allocation for the month of March, 2019 among the Federal Government, State Governments and Local Government Councils.

Recent Stories

PDP attacks APC over Dubai trip for Osun council chairmen

Peoples Democratic Party, Osun State chapter, on Sunday berated the state government and the ruling All Progressives Congress over planned 10-day official trip by chairmen of 68 local government areas and local council development authorities in the state to the United Arab Emirates.
Lagos State Governor Mr. Babajide Sanwo-Olu, Ondo State Governor, Mr. Rotimi Akeredolu, Ekiti State Governor, Dr. Kayode Fayemi, Oyo State Governor, Mr. Seyi Makinde and Osun State Governor, Mr. Gboyega Oyetola and Mr. Rotimi Akeredolu of Ondo

Senator Fasanmi hails Southwest governors

Leader of Afenifere (Egbe Ilosiwaju Yoruba) Senator Ayo Fasanmi has hailed Southwest governors for their efforts to fight banditry and curb insecurity in the region.

Gernot Rohr: Dropping Kelechi Iheanacho, Semi Ajayi tough call

Super Eagles coach, Gernot Rohr, has admitted that it was a tough call excluding Kelechi Iheanacho and Semi Ajayi from his final 23-man squad for the 2019 Africa Cup of Nations in Egypt.

Abducted Anambra pupils found in Onitsha hotel

Two pupils abducted from their school in Obosi in the Idemili North Local Government Area of Anambra State, were on Sunday, found in a hotel in Onitsha.
Brazil face a potential wait on the fitness of Arthur after the midfielder was taken off injured against Honduras following a horror tackle.

Brazil’s Arthur injured in pre-Copa America friendly

Brazil romped to a 7-0 victory over 10-man Honduras in their final friendly before hosting the Copa America, but lost Arthur to injury.