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The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate approves N11.35 billion 2020 budget for police trust fund

The Senate has approved the sum of N11,352,457,101.70 as year 2020 budget for the Nigeria Police Trust Fund (NPTF), the implementation of which will lapse by April 30, 2021.

Auditor-General indicts MDAs for improper spending of N105.66 billion

The office of the Auditor-General for the Federation (AuGF) has expressed concerns over irregularities and weaknesses in financial regulations across ministries, departments and agencies (MDAs) of government, especially in the disbursement and utilisation of public funds.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Federal government, states, local councils share N640.310 billion for January 2021

From this amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal Government received N226.998 billion, the states N177.171 billion, the Local Government councils N131.399 billion while the oil-producing states received N26.777 billion (13% derivation) and cost of collection/transfer and refunds gulped N75.966 billion.
This sudden world applause is due to the delivery of the first of the 13 brand new Embraer E195-E2 Nigerian Air Peace airline placed order for in April 2019 at the Embraer Business Meeting at Port Louis, Mauritius

Nigeria civil aviation gets world commendation

Nigeria civil aviation in the last one week has been receiving world commendation. The sector which was recently rated as having one of the highest number of unserviceable aircraft in the world is suddenly being seen as one with the highest potentials on the Africa continent, capable of competing with the best in world civil aviation.
Aliko Dangote

IMF: Dangote Refinery has potential of bailing Nigeria from economic downturn

The International Monetary Fund, the global financial watchdog, is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and starts production by 2022.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Analysts foresee faster economic recovery as oil price hits $60

Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020.
The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido

IMF: Nigerian economy at ‘critical juncture’

The International Monetary Fund (IMF) on Monday said the Nigerian economy is at a critical juncture, having been weakened by falling per capita income, double-digit inflation, limited buffers, significant governance vulnerabilities, and the global pandemic.

IMF: Nigeria’s economic outlook remains challenging

The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.
The Nigeria Export Processing Zones Authority (NEPZA) says N1.45 trillion worth of goods are smuggled into Nigeria annually from Benin Republic.

Nigerian government approves N35 billinn for NEPZA power station

The Federal Executive Council (FEC) yesterday approved N35 billion for the building of power station by the Nigerian Export Processing Zone Authority (NEPZA), in Akamkpa, Cross River State.
National Bureau of Statistics NBS

Nigerian government Earns N2.94 trillion from VAT, tax in 2020

Total revenues amounting to about N2.94 trillion were generated as both Value Added Tax (VAT) and Company Income Tax (CIT) in 2020, according to the National Bureau of Statistics (NBS).
National Bureau of Statistics NBS

NBS: VAT increases by N29.98 billion in Q4 2020

The National Bureau of Statistics (NBS) says Value Added Tax (VAT) increased by N29.98 billion from N424.71 billion generated in the third quarter to N454.69 billion in the fourth quarter, 2020 (Q4 2020).
National Bureau of Statistics NBS

NBS: VAT revenue grew to N454.69bn in Q4 2020

The federal government generated N454.69 billion revenue from value-added tax (VAT) in the fourth quarter of 2020, a report by the National Bureau of Statistics (NBS) has shown.

N544 million fraud: Court admits more exhibits against ex-SGF Babachir Lawal

The former SGF is answering to a 10-count charge the EFCC entered against him and however pleaded not guilty. The Prosecution alleged that the charge is bordering on diversion of funds, criminal conspiracy and official corruption before Justice Charles Agbaza, on November 30, 2020, following the demise of Justice Jude Okeke, the previous trial judge.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

FAAC shares N619.3 billion to federal government, states, local councils for December 2020

“The distribution is as follows: Federal Government got N23.904 billion, the States received N79.682 billion, Local Government Councils got N55.777 billion while Cost of Collection by FIRS and NCS is N6.854 billion and allocation to NEDC project amounted to N5.141 billion.”

2021: Ekiti to acquire drones to fight insecurity

The Government of Ekiti State has disclosed plans to purchase drones (unmanned aerial vehicles) as parts of measures to boost security surveillance, expose criminal hideouts and combat security challenges in the State.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister: Nigerian government spent N118.37 billion on coronavirus in 2020

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesday disclosed that out of N8.26 trillion spent on capital projects, debt servicing and payment of salaries and pensions in 2020, N118.37 billion went into COVID-19-related capital spend.

LPG: NLNG begins domestic supply of 450,000 MT yearly

Consumers of the Liquefied Petroleum Gas, LPG, would have more domestic supply, as the Nigeria LNG Limited, has started the supply of 450,000 metric tonnes, MT in 2021.
Debt Management Office (DMO)

Lagos, Rivers lead in states’ domestic debts

The domestic debts owed by state governments and the Federal Capital Territory rose to N4.19tn at the end of the third quarter of 2020, with Lagos, Rivers and Akwa Ibom as the three most indebted, according to the latest data from the Debt Management Office.
Treasury chief Rishi Sunak had committed to ending the widely unpopular tax on tampons and sanitary pads in his budget in March but the change could only take effect Friday after Britain had finally left the economic orbit of the European Union.

UK abolishes ‘sexist’ tax on women’s sanitary products

Treasury chief Rishi Sunak had committed to ending the widely unpopular tax on tampons and sanitary pads in his budget in March but the change could only take effect Friday after Britain had finally left the economic orbit of the European Union.
Nasarawa state governor Abdullahi A Sule, upon his return to the state after a two-week vacation, signed the 2021 budget into law with the promise to execute people oriented programmes and projects.

Nasarawa governor signs N115.72 billion 2021 budget into law

Governor Sule, while signing the 2021 budget proposal of one hundred and fifteen billion, seventy two million naira only (N115.72bn 2021) at the government house in Lafia, Wednesday, said that the 2021 budget proposal is predicated on the National and State oil Benchmark of $40pbn, Foreign Exchange rate of N379/US$1, oil Production Output of 1.86mbn, Inflation rate of 11.95%; an average SRA of N2.9 billion monthly as well as VAT of N991.7m monthly and Exchange Gain of N185.8m monthly.
The meeting was chaired by Permanent Secretary, Federal Ministry of Finance, Alhaji Aliyu Ahmed.

Federal, states, local governments share N601.11 billion for November

The figure was released Wednesday night by the Federation Accounts Allocation Committee (FAAC), after its December meeting held at the Federal Ministry of Finance headquarters, Abuja.
The Federal Government says its Social Housing Programme, one of the components of the National Economic Sustainability Plan (NESP), is targeted at low income earners

Nigerian government says 300,000 mass housing scheme strictly for low income earners

The Federal Government says its Social Housing Programme, one of the components of the National Economic Sustainability Plan (NESP), is targeted at low income earners.

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Ex-VP Namadi Sambo advocates shift in Nigerian educational system

Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others.
The National Agency for Food and Drug Administration and Control (NAFDAC) says it has not approved any drug or vaccine for the treatment of COVID-19.

NAFDAC busts alleged illegal maize flour production facility in Yobe

The National Agency for Food and Drug Administration and Control (NAFDAC) says it has busted an alleged illegal maize flour production outfit in Potiskum town of Yobe.
Osun Governor Adegboyega Oyetola

Osun governor condemns ethnic colouration in fight against terrorism

Governor Gboyega Oyetola of Osun State has condemned the ethnic coloration in which the fight against terrorism and insurgency is taking in Nigeria.
Nobel laureate, Prof. Wọlé Soyinka, has warned that the conflict between Fulani herdsmen and farmers in different states of the federation can degenerate into civil war if the federal government fails to properly handle it.

Wole Soyinka to Nigerians: Don’t accept child hostage taking as a way of life

Following the Friday abduction of over 300 school children in Jangebe in Zamfara State, Nobel laureate, Prof. Wole Soyinka, on Saturday warned Nigerians against accepting kidnapping of school children in parts of the north as a way of life.
A former Chief of the Air Staff (CAS), Air Chief Marshall Nsikak Eduok, is dead.

Former NAF chief Nsikak Eduok laid to rest in Akwa Ibom

It was a harvest of tributes for a former Chief of Air Staff, late Air Marshall Nsikak Eduok as his remains were laid to rest in his hometown in Ibesikpo Asutan, Akwa Ibom state on Saturday.

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Arsenal captain, Pierre-Emerick Aubameyang, has apologised to fans and his teammates for missing a good chance against Benfica in the Europa League.

Jamie Redknapp: Pierre-Emerick Aubameyang has past his best

The Gabon international endured a difficult game in the 1-0 loss to Manchester City on Sunday, failing to register a single shot on target.
The Northern Governors Forum on Monday expressed support for proposals to regulate the social media to check the spread of fake news in the country.

Nasir El-Rufai: Northern governors committed to ending farmers-herders clashes

The Governor of Kaduna State, Mallam Nasir El-Rufai, has said that northern governors are committed to putting an end to the farmers/herders clashes by coming up with a permanent solution that will put the issue to bed.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police nab nine ‘armed robbers’ in Abuja, recover weapons

The FCT Police Command has arrested nine (9) armed suspects for terrorizing residents and road users along Jabi-Utako, Wuse and Kwali axis.

Anambra election: PDP tackles Senators Ngige, Uzodinma over plan to use unseen forces during...

The Peoples Democratic Party (PDP) Friday, frowned at the statements credited to the Minister of Labour and Employment Senator Chris Ngige and the governor of Imo State, Senator Hope Uzodinma concerning the November 6 governorship election in Anambra State, telling them that their hope to deploy ‘seen and unseen forces’ to take over the state would never work.
Zimbabwe is to get more vaccine doses from China. Felix Dlangamandla-Beeld-Gallo Images

Zimbabwe to buy 1.2 million coronavirus vaccine doses from China at ‘preferential price’

Zimbabwe will buy an additional 1.2 million Covid-19 vaccine doses from China at a preferential price, President Emmerson Mnangagwa's spokesman said on Wednesday, after Beijing agreed to give more free doses to the southern African country.