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Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy.
The United States on Monday reimposed curbs on an Israeli billionaire accused of corruption in the Democratic Republic of Congo (DRC), reversing a move by Donald Trump during his last days in office.
South Africa’s consolidated fiscal deficit is expected to narrow this year because of an economic rebound, although the long-term trend of higher debt remains unchanged due to COVID-19 and pre-existing spending, a Reuters poll forecast on Friday.
The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance.
Tax revenues generated by the Federal Inland Revenue Service (FIRS) have kept the Nigerian economy going despite the ravages of the COVID-19, Executive Chairman, FIRS, Mr. Muhammad Nami, has disclosed.
Monaco will reduce spending on the royal household by 40 percent to cope with the coronavirus fallout in the principality on the French Riviera, the palace said on Wednesday.
The Federal Inland Revenue Services (FIRS) said it recovered about N3.63 billion by curbing Illicit Financial Flows between January 2017 and August 2018 in the country.
President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme to June 30.
The Coalition of United Political Parties (CUPP) has insisted that the recent Supreme Court judgement affirming the de-registration of 74 political parties is only binding on the National Unity Party (NUP).
The Embassy of Israel in Nigeria on Monday donated some food items to support some Muslim families in the on-going Ramadan fasting in the country.
Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday said that the government would continue to demolish shanties across the state.
The commissioner of police in the state, Amiengheme Andrew, disclosed this on Monday while briefing Governor Udom Emmanuel who visited the police headquarters in the state to condole with the families of the slain officers and the police over the loss.
Gov. Udom Emmanuel of Akwa Ibom has donated N60 million to families of slain policemen by unknown gunmen in the state.
The National Vice-Chairman of the Peoples Democratic Party (PDP), South-south, Chief Dan Orbih, has called on governors of the South-south geopolitical zone of the country to emulate the South-west and South-east by establishing a regional security outfit.
Jose Mourinho’s appointment as AS Roma coach has been commemorated in true Italian style – with his own flavour of ice cream.
The Enugu State Small and Medium Enterprises (SME) Centre is currently training 350 youths on automobile panel beating, painting and artwork.
The All Progressives Congress, APC, has accused Governor Nyesom Wike of implementing what it described as ‘lopsided development policy’ in Rivers State.
Asisat Oshoala has been ruled out of tonight’s cup tie against Sevilla after she suffered an ankle injury.