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George Uboh

Police arraign ‘whistle-blower’ who accused central bank chief of N232 billion fraud

The police have arraigned a whistle-blower, George Uboh, for alleged defamation against the Governor of the Central Bank of Nigeria, Godwin Emefiele.
Aminu Masari

Governor Masari: I’m ready to pay N30,000 new minimum wage

Governor Aminu Masari of Katsina State, on Friday said his administration has no problem with implementation of the new national minimum wage for workers.
Bello Matawalle | Bello Matawallen-Maradun

ALGON: Zamfara government not remitting local council funds

The Zamfara State chapter of Association of Local Governments of Nigeria (ALGON) has accused the State Government of denying Local Governments in the state of their funds remitted from the federation account in spite of the Presidential order that such funds be sent directly to the councils’ accounts.
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

President Buhari swears-in chairman, members of RMAFC

President Muhammadu Buhari on Thursday swore in the Chairman and thirty Commissioners of Revenue Mobilization, Allocation and Fiscal Commission at the State House.
Nigeria Governors Forum (NGF)

Governors meet over local council allocations

Nigerian governors under the auspices of the Nigeria Governors Forum met in Abuja on Wednesday night to deliberate on the remittance of statutory fund from Federation Account direct to the 774 councils based on the orders of Nigeria Financial Intelligent Unit.
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.
Zainab Ahmed

States to get N649 billion Paris Club fund

State governments will soon smile to the banks as the federal government has concluded plans to commence the final phase of the Paris Club debt refunds.

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.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Probe: EFCC seals off Senator Saraki’s properties in Lagos

Five choice properties of Senate President Bukola Saraki located in high brow Ikoyi, Lagos, have been sealed off by the Economic and Financial Crimes Commission (EFCC), citing ongoing investigation of the politician.

N1 billion contract debt: Central bank, 14 banks deny overseeing Imo’s account

The Central Bank of Nigeria (CBN) and 14 other banks out of the 17 ordered by an FCT High Court to show cause why plea for garnishee of alleged accounts operated by Imo Government should not be made absolute, had denied overseeing the state’s accounts.

NNPC pays N153.01 billion into federation account in January

The Nigerian National Petroleum Corporation (NNPC), says it transferred N153.01 billion into the federation account in January.
Muhammad Jibrilla Bindow

Governor Bindow endorses N30,000 minimum wage to workers

Governor Mohammed Bindow of Adamawa on Wednesday announced that the state government would implement N30, 000 minimum wage which had become law in the country.

N344 billion cash: Kogi APC stakeholders reject Governor Bello for second term, petition President...

Stakeholders in the All Progressives Congress (APC) in Kogi State have sent a petition to President Muhammadu Buhari against fielding Governor Yahaya Bello for second term in office.

House of Reps to investigate CBN, banks, others over stamp duties non-remittance

The House of Representatives is to constitute an ad hoc investigative panel over the non-remittance of stamp duty by the Central Bank of Nigeria (CBN), money deposit banks and other collection agents.

Delta, Akwa Ibom received highest as federal, states, local governments shared N8 trillion in...

A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.
Godwin Obaseki

Only prudently managed states can access foreign loans – Edo government

The Edo State Government has allayed fears that the state’s foreign debt profile was worrisome, arguing that the credits which the state enjoys were accessed as a result of the state’s transparent governance and prudent financial management.

Federal government approves N100 billion for East-West road

The Minister of Niger Delta Affairs, Pastor Usani Uguru Usani, has said the Federal Government has approved N100 billion for the completion of Sections 1 to 4 of the East West Road project.

Revenue commission to probe banks over N100 billion stamp duties

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it will soon commence probe of banks over stamp duties collection as it expects to recover more than N100 billion from the probe.

Recent Stories

French President Emmanuel Macron - AFP PHOTO - POOL - YOAN VALAT

French government faces backlash after student sets himself on fire

The French government on Wednesday attempted to defuse the anger caused by the attempted suicide of a student who set himself alight to protest the hardship he faced.

Lagos government arraigns two men for ‘forceful abduction’

A Lagos High Court sitting in Igbosere on Wednesday remanded two men, Sunday Igwe and Onwe Chukwuemeka in prison over alleged kidnap.
The Minister of Mines and Steel Development, Olamilekan Adegbite, on Tuesday said the Federal Government had been able to recover 25 sites from 2007 that the programme started.

Federal government to lift 100 million Nigerians out of poverty through diversification of economy

The Federal Government through the Ministry of Mines and Steel Development is committed to lifting about 100 million Nigerians out of poverty in the next 10 years through the diversification of the economy from crude oil to solid minerals exploration and exportation.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Nine governor in roundtable meeting with Gates, Dangote foundations

Governor Aminu Waziri Tambuwal of Sokoto State and other eight other governors are currently in Seattle, United States of America (USA).

JAMB to create platform for candidates who score over 250

The Joint Admissions and Matriculation Board has said that it will create a platform that will enable some candidates who scored 250 and above to know why they are denied placements in their respective schools of choice.