Court adjourns MTN Nigeria case against AGF’s office to December 3

Adesola AfolabiNovember 8, 2018

A court case between MTN Nigeria and Nigeria’s attorney-general’s office over a $2 billion demand in back taxes by the federal government has been adjourned till December 3. At the Federal High Court in Ikoyi, the government, in the preliminary objection, which it filed Wednesday, asked the court to strike out the telecom giant’s case […]

Nigeria’s disputes USDA report on increased rice importation in 2018

November 7, 2018

The federal government has disputed reports by the United States department of agriculture (USDA) World Market and Trade indicating an increase in the importation of rice into the country and decline in local production in 2018. The USDA World Markets and Trade Report claims that Nigeria imported three million metric tonnes of rice in 2018, […]

Nigeria’s public procurement agency to deploy digital technology for processing, classification of contractors

Nse Anthony-UkoNovember 7, 2018

Mamman Ahmadu, director general of Nigeria’s Bureau of Public Procurement (BPP), has indicated that the agency is working towards eventual digitisation of all its procurement processes and classification of all contractors in line with global best practices. Ahmadu noted that the whole world is going “E” in the public procurement process, adding that Nigeria has […]

Payers to bear cost of transfers to MDAs on Nigeria’s TSA

Nse Anthony-UkoNovember 1, 2018

Effective November 1, 2018 the service charge on all payments to ministries, departments and agencies [MDAs] would be borne by the payer, the Nigerian government has indicated, as it commences a new Treasury Single Account [TSA] fee regime. In line with global best practices and amidst dwindling revenues, the federal government has approved a new […]

Oxfam appeals for more budgetary allocation to agriculture 

October 25, 2018

A non-governmental organisation, Oxfam International has urged governments at various levels to scale up budgetary allocation to the agriculture sector to boost the country’s production capacity. Olumide Ojo, the coordinator of the organisation in Kebb State, at a workshop to sensitise farmers on global best practices in agriculture, appealed to the government to honour its commitment to the […]

Nigeria govt to purchase gold from local refiners, says budget minister

October 24, 2018

The Nigerian government is finalising modalities to enable it purchase gold from local refiners, via a federal gold reserves scheme” Udo Udoma, minister of budget and national planning, has revealedThe government has already issued the first gold refining licence in Nigeria to Kian Smith Limited, an indigenous firm as a result of the economic recovery […]

Chair of Nigeria policy think tank, NESG, calls for speedy passage of CAMA, CPC bills to ease business environment

October 24, 2018

Asue Ighodalo, chairman of policy think tank, the Nigerian Economic Summit Group (NESG), has urged the National Assembly to expedite actions on the passage of the Companies and Allied Matters Act and other bills that would facilitate ease of doing business in the country.The NESG chairman who lauded the efforts of the legislature in the […]

Delta to boost economy with N210bn capital spending in 2019

Adesola AfolabiOctober 23, 2018

Okowa presents N367bn fiscal proposal   Ifeanyi Okowa the governor of Delta State Thursday, presented a budget proposal of N367 billion to the state house of assembly for the 2019 fiscal year. The 2019 budget proposal which is the first from a state governor is 19 percent higher than the N309 billion budget size for […]