Senate slams NSITF for misappropriating N84bn in 4 years
Zainab Iwayemi
June 30, 2021
After thorough scrutiny of the 2017 report of the auditor general for the federation, the Senate Public Accounts Committee has lashed out at the management of the Nigeria Social Insurance Trust Fund (NSITF) over alleged misappropriation of N84 billion within four years. Matthew Urhoghide, committee chairman, pointed out that based on 12 out of the […]
July 26th, new date for NIM-SIM linkage, says Nigerian government
Onome AmugeJune 30, 2021
July 26, 2021 is the new deadline for every mobile phone user in the country to link their National Identification Number and Subscriber Identity Module (NIN-SIM) for the purpose of data verification, the government said in a statement announcing an extension of the old deadline. Prior to this development, the government had proclaimed June 30, […]
SMEs seek legislation, executive order to streamline taxation
Onome AmugeJune 30, 2021
Nigerian trade experts and operators of small and medium-sized enterprises (SMEs) have called for a legislation and presidential executive order to regulate taxation of small businesses to expand their survival rate and capacity for Africa Continental Free Trade Area (AfCFTA). This, they opined,will strengthen the Nigerian SMEs and prepare them to take advantage of opportunities […]
Most FG’s loans to entrepreneurs end up in wrong hands – NACCIMA president
Chris IkosaJune 27, 2021
Amid tough macroeconomic environment With 21 million Nigerian unemployed The Nigerian Associations of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the umbrella body for the organized private sector in Nigeria, says most of the loans and grants approved by the Federal Government and its agencies for entrepreneurs for the improvement of the […]
Rivers State not borrowing to finance multi-billion-dollar projects
Ben EguzozieJune 27, 2021
Earns over N20bn monthly IGR Oil-rich Rivers State, says it is not borrowing any money from financial institutions, locally or offshore, to finance its multi-billion-dollar projects since 2015. Rivers, with an estimated $30 billion GDP size, is Nigeria’s second highest revenue earning sub-national, coming only behind Akwa Ibom, a fellow oil-rich state. But […]
Nigeria shares N605.96bn among federal, state, local governments, agencies in May
Charles AbuedeJune 23, 2021
Nigeria’s three tiers of governments, namely, federal, state and local, as well as some key state revenue generating agencies, shared a total of N605.96 billion in the month of May, according to data contained in a statement by Charles Nwodo, director of information, Ministry of Finance, Budget and National Planning, in Abuja. Distributed by […]
Imo’s new bureau to scrutinise global, national donor interventions
Dikachi FranklinJune 23, 2021
By Dikachi Franklin, in Owerri A bureau for donor agencies has been established in Imo State and it is called Imo State Bureau for Donor Agencies and has the full responsibility of oversight of all programmes that are linked to opportunities from the World Bank interventions, international grants, national donor programmes as well as […]
ASR Africa grants Kwara, Sokoto, Ogun, Edo N10bn for healthcare in expansion plan
Onome AmugeJune 22, 2021
Kwara, Sokoto, Ogun and Edo, four Nigerian subregional states are benefitting from a N10 billion healthcare intervention grant through the expansion of the 2021 programme of the Abdul Samad Rabiu Africa Initiative (ASR Africa), founded by billionaire industrialist and founder and executive chairman of BUA Group, Abdul Samad Rabiu. Ubon Udoh, managing director, ASR […]
Nigeria’s central bank assures The Gambia, NSPMC can print its local currency
Charles AbuedeJune 18, 2021
Governor Godwin Emefiele of the Central Bank of Nigeria (CBN) has revealed that the apex bank is willing to assist the Central Bank of the Gambia (CBG) to print its legal tender. The pledge came following a two-day visit by a delegation from the Central Bank of Gambia, led by Buah Saidy, the bank governor. […]
World Bank recommends reforms to speed Nigeria’s inflation recovery
Chris IkosaJune 18, 2021
As Nigeria battles to curtail rising prices which pushed an estimated seven million Nigerians below poverty line in 2020 alone, it has become imperative for the government to set drastic measures and policy foundations for a strong recovery to protect the economy against a much deeper recession, the latest World Bank Nigeria Development Update (NDU) […]