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Zainab Ahmed

Lagos lawyer and human rights activist, Femi Falana

Femi Falana: Nigeria’s revenue didn’t drop by 65 percent

The Chairman, Alliance for Survival of COVID-19 and Beyond, Mr. Femi Falana (SAN), has faulted the claims made by the Minister of Finance, Budget and National Planning, Zainab Ahmed, that Nigeria’s revenue dropped by 65 per cent.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

Tax revenue: Non-oil sector increased by 90 percent – FIRS

Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has said the non-oil tax receipts have consistently contributed 75-90 per cent of total tax revenue in recent months due strategic reforms.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS rakes in N438 billion from non-oil tax in July

The Federal Inland Revenue Service (FIRS) says it has recorded significant increase in collectable tax revenue from the non-oil sector of the economy.
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.

Nigerian government seeks bankers’ partnership to ravamp economy

The Federal Government is seeking the partnership of the banking sector in its efforts to revamp the ailing economy occasioned by the outbreak of the coronavirus pandemic.
Nigerian President Muhammadu Buhari3

President Buhari holds presidential economic advisory council meeting

President Muhammadu Buhari on Tuesday held a virtual meeting with members of the Presidential Economic Advisory Council (PEAC).
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Dangote refinery will sell petrol at international price – minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at the international price.
President Muhammadu Buhari inaugurates APC tripartite committee at the State House on Monday, August 31, 2020.

President Buhari approves stakeholders meeting with organized labour over strike

President Muhammadu Buhari on Friday approved a meeting between the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, the Minister of Labour and Employment, Senator Chris Ngige and the organized labour.

Nigeria could lose $600 million to imported meters

Nigeria may lose over $600 million to capital flight in favour of China in addition to hurting the local content pursuit with the recent presidential approval to defer for one year, the 35 per cent import taxes on three million pre-paid electricity meters, which are to be imported into the country, the meter manufacturers in the country have warned.
Port Harcourt international Airport

FEC approves N13 billion for automation of four international airports

The Federal Executive Council on Wednesday approved N13bn for the automation of safety equipment at Lagos, Kano, Abuja and Port Harcourt international airports.
President Muhammadu Buhari is currently presiding over the eighth virtual meeting of the Federal Executive Council (FEC) holding inside the Council Chambers of the State House, Abuja.

FEC ratifies $3.1 billion customs modernization project

The Federal Executive Council, FEC, on Wednesday ratified the $3.1 billion anticipatory approval by President Muhammadu Buhari for the modernization of the Nigerian Customs Service, NCS.
6. Nigeria will soon have the immigrant visa ban imposed on her by the United States overturned, according to President Muhammadu Buhari.

President Buhari presides over 14th virtual FEC meeting

President Muhammadu Buhari is currently presiding over his 14th virtual Federal Executive Council (FEC) meeting at the Presidential Villa Abuja.
President Muhammadu Buhari is currently presiding over the eighth virtual meeting of the Federal Executive Council (FEC) holding inside the Council Chambers of the State House, Abuja.

Ministries make presentations as President Buhari presides over 14th FEC meeting

President Muhammadu Buhari is currently presiding over the 14th virtual meeting of the Federal Executive Council (FEC) at the Council Chambers of the Presidential Villa, Abuja.
Embattled President of African Development Bank (AfDB), Dr Adewumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.

Nigerian government congratulates Akin Adesina on re-election as AfDB president

The Federal Government has congratulated Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group on his re-election as the eighth president of the bank for a second term.

Expert lauds President Buhari for granting waiver on prepaid meters import levy

An Electricity expert, Mr Mohammed Idris on Monday commended President Muhammadu Buhari for granting a one-year waiver on import levy on prepaid electricity meters.

SERAP sues President Buhari over ‘failure to publish details of N800 billion recovered loot’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over failure to “disclose information and documents relating to the names of people from whom N800 billion in looted public funds have been recovered, specific dates of the recovery, and details of projects on which the money has been spent.”
Zainab Ahmed

Nigerian government to sustain 2020 budget funding despite GDP contraction – minister

The Federal Government has expressed its determination to continue funding the 2020 budget to ensure that the economy recovers as projected, even as the country’s Gross Domestic Product (GDP) contracted by -6.10 percent in the second quarter of 2020.
Zainab Ahmed

Nigeria’s recession will be short-lived – minister

This came as the Federal Government, yesterday, said despite the N2.3 trillion Economic Stimulus Plan put in place to contain impact of the Coronavirus (COVID-19) pandemic on the economy, there is the possibility that the third quarter, 2020 (Q3’20) Gross Domestic Product, GDP, growth rate will be negative, while the economy will relapse into a recession.
2. President Muhmmadu Buhari, on Wednesday, inaugurated 12 new permanent secretaries for the federal civil service.

President Buhari swears in 12 permanent secretaries

President Muhmmadu Buhari on Wednesday swore-in 12 Permanent Secretaries at the Council Chambers, Presidential Villa, Abuja.

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The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.

WeChat, TikTok see US downloads climb ahead of Donald Trump administration ban

Preliminary data from analytics platform Sensor Tower showed Chinese-based WeChat had 10,000 installs in the US Friday, a 150 percent increase from Thursday and a 233 percent week-over-week increase. That’s the largest number of WeChat installs in the US in one day since October 7th, 2019.

Nigerian government disburses N24 million loan to 2,400 entrepreneurs in Sokoto

The Minister of State, Labour and Employment, Festus Keyamo, has disbursed N24 million to 2,400 small scale entrepreneurs in Sokoto State.
Enugu State Governor Ifeanyi Ugwuanyi

Enugu governor accepts leadership of Ebeano as he vows to improve lives of people

Governor Ifeanyi Ugwuanyi of Enugu State has agreed to lead “Ebeano political dynasty” just as he reiterated his commitment to continue his people-oriented policies and programmes, saying that the development of infrastructure and human capacity in the state remains his priority.
Four coronavirus patients have recovered and will soon be allowed to go home to their families. This was revealed on Friday 3 April 2020 by Governor Babajide Sanwo-Olu of Lagos.

Lagos seals three illegal container terminals, 19 additional contravening buildings

The Lagos State Government has sealed three illegal container terminals and two buildings in Amuwo-Odofin area and additional 17 buildings in Oniru Estate, Lekki, due to construction infractions.
The Federal Road Safety Corps (FRSC) said on Monday that 46 persons died in road accidents at the Old Toll-Gate corridor on the Abeokuta-Lagos expressway between January 2014 and May 2020.

FRSC confirms 14 corpses retrieved from Ebonyi river

The Federal Road Safety Corps (FRSC) in Ebonyi has confirmed the retrieval of 14 corpses from the Akeze-Ukwu river after a Mercedes Benz 608 model bus plunged into it on Friday evening.