Insurance offers economic stability, we’ll support its growth, says President Buhari
Zainab Iwayemi
September 7, 2021
Tasks operators on innovation President Muhammadu Buhari has assured of the full commitment of the federal government in ensuring the growth of the insurance industry in Nigeria and Africa at large. He gave the assurance at the opening ceremony of the 47th African Insurance Organisation (AIO) conference and annual general assembly on Monday. […]
Vietnam puts off VP Osinbajo’s visit over spiking Covid-19 Delta variant
Ben EguzozieSeptember 6, 2021
Visit may hold by year-end or early 2022 Nigeria set to push pending MoUs The Vietnamese government has put off the earlier planned official visit by the vice president, Yemi Osinbajo to the socialist republic’s capital, Hanoi. The visit was initially slated for 11th – 13th August. The Asian nation with a robust […]
Nigeria SEC chief under lawmakers scrutiny over persistent deficit spending
Chris IkosaSeptember 3, 2021
The Security and Exchange Commission (SEC) has come under the scrutiny of the Nigerian Senate over its inability to generate revenue from operational activities. The senate raised the alarm that the commission was gradually becoming insolvent, stating that it may go bankrupt soon. That was the verdict of the upper chamber when Lamido Yuguda, […]
Katsina State joins rest of Nigeria on contributory pension scheme
Zainab IwayemiSeptember 2, 2021
As House of Assembly passes bill The Katsina State House of Assembly has passed an executive bill for the establishment of a Contributory Pension Scheme in the state during its plenary presided over by Tasi’u Maigari, the speaker of the house. The passage of the bill followed the presentation of the report of […]
Anambra hails inclusion in Nigeria’s oil producing states’ grouping by RMAFC
Ben EguzozieSeptember 2, 2021
Says years of fight for inclusion worth it With 14 operational oil wells, state could up its economic growth The Anambra State government is basking in unprecedented euphoria over its recent inclusion in the grouping of Nigeria’s oil producing states by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC). Willie Obiano, governor of […]
Delta State 2021 budget faces N40bn revenue shortfall, says Pere-Gbe
Onome AmugeSeptember 1, 2021
The Delta State government has been subjected to a revenue deficit of N40 billion as it undergoes implementation of its 2021 budget. Barry Pere-Gbe, the Delta State commissioner for economic planning, who made the disclosure at the 2022 Citizens Budget Engagement Forum held in Asaba, the state capital, attributed the shortfall to insufficient funds from […]
FCT tops Nigerian states benefiting from $520m agro-industrial fund
Zainab IwayemiSeptember 1, 2021
The Federal Capital Territory Abuja is top of a list of sub-national states in Nigeria benefitting from a $520 million agricultural development fund that has been set aside by the African Development Bank (AfDB) for the country. Austine Elemue, special adviser on media to minister of state, FCT, Ramatu Tijani Aliyu, in a statement, disclosed […]
New Budgit platform targets transparency, accountability in government spending
Zainab IwayemiSeptember 1, 2021
BudgIT, a Nigerian civic-technology company, has launched an online platform to enable Nigerians monitor the federal government’s treasury and follow up on government spending in real-time. The novel platform, (www.govspend.ng) is a comprehensive portal that grants access to visualized and simplified data from the government’s Open Treasury Portal and targeted at citizens, civil society organisations […]
Ministry seeks PIA’s amendment over weight measure in oil pre-shipment
Onome AmugeAugust 30, 2021
By Onome Amuge The Federal Ministry of Industry, Trade and Investment (FMIDTI) has indicated intensifying efforts towards pushing for the amendment of the newly passed Petroleum Industry Act (PIA) to address certain conflicts with the mandate of the Weights and Measures Department, particularly in the area of pre-shipment inspection activities at the crude oil […]
Kaduna signs MoU with NNPC, GACN on gas delivery project
Jacob AjakaiyeAugust 27, 2021
By Jacob Ajakaiye, in Kaduna The Kaduna State government has signed a Memorandum of Understanding (MoU) with the Nigerian National Petroleum Corporation and Gas Aggregation Company of Nigeria on gas utilization and expansion, a move geared at boosting industrial development in the state. The signing of the document which was presided over by Governor […]