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Senate asks federal government to expedite actions on completion of Ajaokuta steel plant

The Senate Tuesday asked the Federal Government to as a matter of urgency, expedite action towards the completion of the Ajaokuta steel plant.
PDP and Wada are challenging the declaration of Yahaya Bello of the APC as winner of the November 16, 2019 governorship election held in the state.

Kogi governor speaks on May salary payment for workers

Governor Yahaya Bello of Kogi State has assured workers that they will get their May salary before the Eid-el Fitri celebration.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Federal, states, local government share N606 billion for April

Details of the allocation were contained in a Secretariat report released by the Office of the Accountant-General of the Federation at the end of the online meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.

MultiChoice: We’re implementing new VAT rate, not raising prices

Pay television company, Multichoice Nigeria, has dismissed reports that it is set to increase subscription rates for its DStv and GOtv packages from June 1.

Saudi Arabia increases VAT by 200%

Saudi Arabia will increase its value-added tax (VAT) from five to 15 per cent in July, as part of moves to support the economy amid the novel Coronavirus pandemic, the Finance Ministry said on Monday.
Mrs Toki Mabogunje, President LCCI said this at the Chamber’s second quarterly briefing on the state of the economy on Tuesday in Lagos.

Lagos chamber educates private sector on post coronavirus economy

The Lagos Chamber of Commerce and Industry (LCCI) has advised organised private sector to leverage creativity and innovation to rebuild a competitive economy post-COVID-19.
Kola Ologbondiyan

PDP reacts to President Buhari’s appointment as ECOWAS coronavirus response champion

The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to use his appointment as the ECOWAS COVID-19 Response Champion to step up actions and measures against spread of the pandemic in Nigeria.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC admits error, says N661.4 billion shared in March, not N780.9 billion

The Federation Account Allocation Committee, FAAC, has admitted error, saying N661.4 billion was shared among the three tiers of government for March, 2020 and not N780.9 billion earlier announced.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N780.926 billion for March

The Federal, State and Local Governments and relevant state agencies shared a total N780.926 billion as revenue from the Federation Account Allocation, FAAC, for the month of March 2020.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC distributes N780.926 billion to federal, states, local governments for March

The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the Federal, States and Local Governments and relevant agencies in the country.

Dana Air to keep middle seats empty upon resumption of flights

Dana Air says it will keep the middle seats in all its aircraft empty upon resumption of flights, in line with the social distancing guideline on COVID-19.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigeria cuts down 2020 budget by N317.5 billion

To reflect the present harsh economic realities occasioned by the coronavirus pandemic, the Federal Government has adjusted the 2020 budget, slashing the figures by N317.5 billion.
Newly sworn in Governor of Bayelsa, Sen. Douye Diri, has urged the state House of Assembly to expedite passage of the 2020 Appropriation Bill he would soon present for consideration.

Bayelsa laments drop in oil revenue

Bayelsa State Government has expressed concern over the decline in revenue from the Federation Account arising from the global COVID-19 crisis, saying the economy of states in the country would soon be grounded.

PDP wants pump price fix for N90 per litre

The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to immediately reduce Petroleum pump price from it current N125 to a maximum of N90 per litre as a measure to cushion the economic burden on Nigerians.
Nigeria Naira

36 states, FCT generate N2.57 trillion net revenue in 2018

Fiscal Responsibility Commission (FRC) has put the total net revenue of the 36 states and Federal Capital Territory (FCT) at N2.57 trillion excluding the Internally Generated Revenue (IGR).
Pope Francis Sunday railed against atomic weapons, the nuclear deterrent and the growing arms trade, as he paid tribute to the victims of the “unspeakable horror” of the Nagasaki bomb.

Pope Francis blames tax dodgers for Italy’s coronavirus woes

Pope Francis has backed a prominent journalist’s complaint that tax dodgers were partly to blame as Italy’s health facilities struggle to cope with the coronavirus crisis.

Lagos council presents N2.1 billion budget proposal

Mr Samson Olatunde, the Chairman of Olorunda Local Council Development Area (LCDA) Iworo, Badagry, Lagos State, on Tuesday presented the 2020 budget estimate of N2.1 billion to the council’s legislative arm.
President Muhammadu Buhari and the Governor of Nasarawa State, Mr Abdullahi Sule, are meeting right now.

FEC approves N29.4 billion for 9th Mile, Enugu-Onitsha Expressway

The Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari has approved a N29.4 billion contract to be awarded for rehabilitation of the “tricky, steep and dangerous” 15-kilometre 9th Mile section of the Enugu-Onitsha Expressway.

Recent Stories

Cameroon military acknowledges soldiers arrested in Togo

Cameroon’s military says three of five men recently arrested by Togolese police and portrayed by Togolese media as notorious criminals who committed serious offenses against Togolese citizens are Cameroonian soldiers, while the other two are former convicts. The three military men stole weapons from the military headquarters in Yaoundé and went to Togo’s capital, Lomé, where they used the weapons to harass Togolese, according to Togolese police.
Israeli centrist party leader Benny Gantz said he has accepted an invitation to meet United States President Donald Trump in Washington on Monday to discuss a peace plan for the Middle East.

Israeli defense minister apologizes over Palestinian’s death

Israeli Defense Minister Benny Gantz apologized on Sunday for Israeli police’s shooting to death an unarmed, autistic Palestinian man in East Jerusalem on Saturday.
Lagos State Governor Babajide Sanwo-Olu

Lagos set to reopen economy

The Lagos State Government would soon embark on the ‘Register-to-Open Initiative’ toward the gradual reopening of the economy in the state.

Senator Ajimobi’s ex-aide defects to PDP

The candidate of the All Progressive Congress (APC) for the Ibadan Southeast/Northeast Federal House of Representatives in Oyo state during the 2019 general election, Mr Deji Aboderin, has defected to the ruling People’s Democratic Party.
The operatives of Rapid Response Squad (RRS) has arrested a 19-year-old National Diploma holder of Yaba College of Technology, Lagos as the brain behind the blackmail of Queen Salawa Abeni with nude photographs.

RRS arrests man over nude photos of Salawa Abeni

The operatives of Rapid Response Squad (RRS) has arrested a 19-year-old National Diploma holder of Yaba College of Technology, Lagos as the brain behind the blackmail of Queen Salawa Abeni with nude photographs.