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National Bureau of Statistics NBS

NBS: FAAC disbursed N270.17 billion to federal government in January

The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed.
Femi Adesina, spokesman of President Muhammadu Buhari

Things that pertain to our peace

I’d never had the head for figures. In fact, the enmity between me and mathematics was so bad that if you gave me a bottle, and you asked me to use the bottom to write the letter ‘o,’ it may likely come out as ‘p’ or ‘q,’ or even something more catastrophic.

Benue governorship candidate to move government house if elected

Emmanuel Jime, a governorship candidate of the All Progressives Congress (APC) in Benue State, has said as part of measures to check insecurity in the Sankera axis, he would move the state government house to the area as soon as he was sworn in as governor of the state.

Election: Igbo Assembly backs Atiku Abubakar

A socio-cultural organisation of the Igbo nation known as Igbo Assembly has warned that the Igbo would not support any presidential candidate opposed to restructuring the nation, indicating that the group are poised in supporting the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar.
From left: National Coordinator, Coalition of Buhari and Osinbajo Movements (COBOM), Comrade Austin Gabriel; Chairman of the occasion, Haruna Dawop; Mrs Mary Enpeyong who represented Sen. Godswill Akpabio; and National Secretary of Buhari Patriotic Movement, Shoyemi Adeniyi, during the inauguration of the new executive members of the group, in Abuja

Election: Group reveals why President Buhari deserves to be re-elected

The Coalition of Buhari/Osinbajo Movement (COBOM) says President Muhammadu Buhari deserves re-election because his administration is doing more with less resources.
Zainab Ahmed

FAAC plans fresh guidelines for remittance, withdrawal from ECA

For more transparent dealing and avoidance of rancour, the Federation Accounts Allocation Committee (FAAC) is planning fresh guidelines for revenue remittances and withdrawals from the nation’s Excess Crude oil revenue Account (ECA).

Federal government moves to avert labour strike over minimum wage

Controversies surrounding the new national minimum wage, which the National Tripartite Committee grudgingly pegged at N30,000, may not have abated as the Minister of Labour and Employment, Chris Ngige, has fixed a conciliatory meeting for Friday, January 4, 2019 in Abuja.

FIRS remitted N4.63 trillion to FAAC between January and November 2018

The Federal Inland Revenue Service (FIRS) remitted about N4.63 trillion to the Federation Account between January and November this year, revenue collection figures submitted to the Federal Ministry of Finance have shown.

NNPC spends N623.16 billion on fuel subsidy in 11 months

The Nigerian National Petroleum Corporation (NNPC), the sole importer of petrol, incurred total under-recovery expenses of N623.16 billion between January and November.

NNPC subsidiary, 22 others owing $49 million in gas flare fines, under-payments

The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay to the federation $3,632,075 as fines for flaring gas beyond their allowed thresholds.

Bayelsa receives N13.6 billion FAAC allocation for November

The Bayelsa State Government has declared a receipt of N13.6 billion as allocation from the Federation Account for the month of November

Udoma Udoma: N820 billion released for capital project implementation

The Federal Government has so far released the sum of N820.5bn for the implementation of capital projects contained in the 2018 budget.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-2

Experts: 2019 N8.83 trillion budget proposal ambitious

President Muhammadu Buhari on Wednesday presented an N8.83 trillion budget for next year to a joint session of the National Assembly in Abuja, which many analysts have described as ambitious, given the regime’s struggles to meet revenue targets.

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.

NNPC threatens court action over withdrawal of $1.05 billion

Nigerian National Petroleum Corporation (NNPC) threatens to seek legal interpretation on whether it has right to withdraw funds from Nigeria LNG Dividend Account without the approval of National Assembly
Senator Victor Umeh

Victor Umeh: How states can pay new minimum wage

Chief Victor Umeh, the Senator representing Anambra Central senatorial district, has said that states can pay new minimum of N30,000 if the revenue sharing formula is revised to favour states.

Nigeria’s non-oil revenue drops in October

Nigeria’s non-oil revenue, at N259.93 billion of total revenue in October, was below both the 2018 monthly budget estimate of N466.91 billion and the N354.38 billion received in September 2018 by 44.3 per cent and 26.7 per cent, respectively.

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Nigerian Stock Exchange NSE

NSE crucial market indicators end Friday with 0.03 per cent growth

The Nigerian Stock Exchange (NSE) crucial market indicators closed trading on Friday with a marginal growth of 0.03 per cent.
Reports of a frosty relationship between Cristiano Ronaldo and Maurizio Sarri at Juventus have been overblown, according to Italy manager Roberto Mancini.

Roberto Mancini: Cristiano Ronaldo tension with Maurizio Sarri is ‘nothing unusual’

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NECO dismisses 70 staff for ‘certificate forgery’

The National Examinations Council (NECO) has approved the immediate dismissal of 70 staff from her services for certificate forgery.

Nigerian Air Force helicopter crashes in Enugu

The Nigerian Air Force (NAF) has confirmed the crash-landing of its helicopter on Thursday at its base in Enugu.

Kogi guber: INEC assures of hitch-free poll

The Independent National Electoral Commission (INEC) has assured residents of Kogi state of conducting a hitch free governorship election across the state on Saturday despite palpable tension and apprehension.