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Bayelsa government declares balance surplus of N18.564 billion for October

Gboribiogha Jonah, the Bayelsa State Deputy Governor, has disclosed that the state government recorded a balance surplus of N18.564billion as at October 31, 2018.
Babatunde Fashola- Minister Works, Power and Housing

Babatunde Fashola: Federal government increases works ministry’s budget from N18 billion to N394 billion

Minister of Power, Works and Housing, Babatunde Fashola, has disclosed that the ministry’s expansive infrastructure spending has shot its budget from N18.132 billion in 2015 to N394 billion this year.

Lower oil prices may weaken naira to N380 per dollar – analysts

Should oil prices continue to decline and fall below Nigeria’s Medium Term Expenditure Framework (MTEF) benchmark of $60 per barrel, the impact on the country’s economy could include the naira depreciating to $380/$, analysts at Financial Derivatives Company (FDC) have predicted.
Demola Banu

FAAC: Kwara gets N3.9 billion for November

The Kwara State Government will receive N3.9 billion from the Federation Accounts Allocation Committee (FAAC) for the month of November, 2018.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal government, states, local councils share N788.1 billion for October

The Federal Government, states, FCT as well as the 774 local governments on Wednesday shared N788.1 billion for the month of October.
Demola Banu

Demola Banu: Kwara yet to receive final tranche of Paris club refund

The Kwara Government says it is yet to receive the second tranche of the London-Paris Club Refund promised by the Federal Government.

2019: I’m not bothered about my re-election – Nasir El-Rufai

Kaduna State Governor, Mallam Nasir el-Rufai yesterday reiterated that getting reelected as the governor of the state is not paramount in his agenda.
Zainab Ahmed

NEITI: FAAC revenue disbursements grew by 13.5% in Q3, 2018

Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of government has continued to witnessed a steady increase in three consecutive quarters of this year with N2.28 trillion shared in Q3 of 2018.

NEC, FAAC approve $1.05bn NLNG dividends for fuel subsidy

The National Economic council (NEC) and the Federation Allocation Accounts Committee (FAAC) have approved the use of Nigeria Liquiefed Natural Gas dividends for financing of the petroleum products importation.

FAAC: Kwara government records N400 million reduction for October

The Kwara Government has received N3.4 billion as allocation from the Federation Accounts Allocation Committee (FAAC), for the month of October as against N3.8 billion received in September.

FAAC: Kwara government releases October allocation figures

The Kwara State Government is to receive N3.4 billion as allocation from the Federation Accounts Allocation Committee for the month October.

Festus Keyamo: When looters say they will jail looters, expect lootocracy

Mr. Festus Keyamo has reacted to a statement by Kola Ologbondiyan, who said that the Peoples Democratic Party (PDP) presidential candidate for the 2019 general elections, Atiku Abubakar, if elected in 2019, would jail “all looters” of public treasury under the President Muhammadu Buhari-led government.

NEC: Nigeria’s excess crude account stands at $2.09 billion

The National Economic Council (NEC) says Nigeria’s Excess Crude Account stood at over 2.09 billion dollars as at Oct. 16.

Bayelsa government posts N4 billion as balance of funds for September, declares N1 billion...

The Bayelsa Deputy Governor, Rear Admiral Gboribiogha John Jonah (rtd) on Tuesday, declared N4.4 billion as balance of funds available to the state as at September 30, 2018.

Festus Keyamo: Federal government paying for premium, not subsidy

The Director of Media of the Muhammadu Buhari Campaign Organisation, Festus Keyamo, on Monday said the Nigerian government is paying for ‘premium’ on petroleum products and not subsidy.
Acting Finance Minister of Finance Zainab Ahmed

$72 billion debt: Federal government allays fears over borrowing

Also, as part of efforts to enthrone transparency in the Nigerian National Petroleum Corporation (NNPC), the government disclosed that in the next few days, a new reporting template would be introduced for the corporation.
Simon Kolawole

The scariest thing about Nigeria

We see different things even when we are looking at the same picture. When CBN asked MTN to return the $8.1 billion dividends it “illegally” repatriated between 2007 and 2015, I was not thinking about MTN or CBN. Rather, my mind was on Econet, the ancestor of Airtel.
Acting Finance Minister of Finance Zainab Ahmed

Federal, states, local governments share N742 billion in August

The Permanent Secretary, Federal Ministry of Finance, Mahmoud Isa-Dutse, made this known in Abuja while briefing journalists on the outcome of the monthly Federation Account Allocation Committee (FAAC) meeting.

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President Buhari presides over Federal Executive Council (FEC) Meeting in State House on 12th Dec 2018-4

Muhammadu Buhari: National migration policy to be adopted soon

President Muhammadu Buhari has disclosed that a national policy on internal displacement is in the process of adoption, adding that it will help regulate the internal displacement crisis and complement the fight against the Islamist insurgency in the north east.

Kano government proposes N500 million to establish public service institute

The Kano State Government says it will establish a Public Service Institute for the constant training of its workers.
Qatar Airways

Qatar Airways: We were never interested in Nigeria Air

Akbar Al Baker, the chief executive officer of Qatar Airways, says his company was not looking to be a core investor in the national carrier project, Nigeria Air.

Recruitment: Police commission receives 158,773 applications 18 days after

The Police Service Commission (PSC) says it has received 158,773 applications in the ongoing recruitment of 10,000 constables into the Nigeria Police Force.
Ashley Young concedes that Manchester United have been left feeling disappointed and deflated after suffering a 3-1 defeat to arch-rivals Liverpool.

Ashley Young: Manchester United disappointed, deflated after Liverpool loss

Ashley Young concedes that Manchester United have been left feeling disappointed and deflated after suffering a 3-1 defeat to arch-rivals Liverpool.