Nigeria’s oil-rich Rivers State to spend N448bn in 2021 in pursuit of inclusive growth
Ben Eguzozie
December 3, 2020

Finance commissioner fails to list sectoral allocations State to spend N2.75bn on LG elections New budget 49.37% higher than revised 2020 budget Oil-rich Rivers State has budgeted N448 billion (Four hundred and forty-eight billion, six hundred and sixty million, seven hundred and seventy-three thousand, four hundred and seventy-six naira (or N448,660,773.476) for the 2021 fiscal […]
Finally, Nigeria ratifiesits membership of AfCFTA
Hamid Ayodeji
November 12, 2020

By Hamid Ayodeji The Federal Executive Council (FEC), the Nigerian government highest decision making body, on Wednesday announced it has approved the African Continental Free Trade Agreement (AfCFTA) instrument of ratification to the African Union Council (AUC), which generates a single continental market for goods and services, free movement of business persons and investments, […]
Coumantaros, Flours Mills chief, canvasses adequate infrastructure, policy consistency for economic growth
Hamid Ayodeji
November 11, 2020

By Hamid Ayodeji John Coumantaros, one of Nigeria’s biggest industrialists and investors, and chairman of Flour Mills of Nigeria, has said that adequate infrastructural development and enforcement of prosperous policies and regulations by the Nigerian government are crucial for the sustainable development of the agricultural sector, and the economy as a whole,as they make […]
NLC orders Nigeria insurance, bankers’ union to join planned strike
Charles Abuede
September 23, 2020

By Charles Abuede The National Union of Banks, Insurance and Financial Institutions Employees have been directed by the National Executive Council (NEC) of the Nigeria Labour Congress (NLC) to ensure total compliance with the planned nationwide strike action which begins from Monday 28th September, 2020. A general circular issued and signed by Mohammed […]
Nigeria’s central bank bankrolls country’s economic sustainability plan with N1.8trn
Charles Abuede
September 23, 2020

By Charles Abuede The Central Bank of Nigeria (CBN) has revealed that it will contribute over N1.8 trillion of the total sums of the N2.30 trillion needed for Nigeria’s one year Economic Sustainability Plan (ESP). Godwin Emefiele, the CBN governor made this disclosure on in Abuja while reading out the decisions made by the bank’s monetary policy committee […]
Lagos, Kano receive biggest shares of N696.18bn July federation account allocation
Chris Ikosa
September 22, 2020

By Charles Abuede Lagos, Kano, Katsina and Oyo States were all smiling after the Federation Account Allocation Committee (FAAC) disbursed the sum of N696.18 billion to the three tiers of government for the month of July 2020 from the revenue generated in June 2020. This figure was N89.98 million higher than the amount shared in […]
Nigeria requires additional $350bn to achieve SDGs - UNDP
Businessam Staff
March 13, 2020

The United Nations Development Programme (UNDP) says Nigeria will require additional 350 billion dollars to achieve the sustainable development goals (SDGs), which will end in 10 years’ time. Mohamed Yahya, the resident representative of UNDP in Nigeria, made this known while hosting the House of Representatives committee on SDGs led by the chairman, Rotimi Agunsoye […]
Nigeria’s economy under threat as oil prices collapse
Lukman Otunuga
March 10, 2020

By Lukman Otunuga’s commentary The staggering depreciation in oil prices could not have come at a more disruptive and critical time for the Nigerian economy. Oil tumbled more than 30% overnight and now sits below $34 a barrel. These levels have not been seen since early 2016. The fall comes after Saudi Arabia announced massive discounts […]
Uzodima gives assent to Imo State revenue administration law
Dikachi Franklin
February 27, 2020

By Dikachi Franklin, Owerri As part of the efforts to boost the internally generated revenue to help provide more infrastructural facilities in Imo State, Governor Hope Uzodinma has assented to the Imo State Revenue Administration Law 2020 as amended. The law will not only help to boost the revenue base of the state but further […]
Pondei, new NDDC chief, promises radical change at government quango
Ben Eguzozie
February 22, 2020

Ben Eguzozie, in Port Harcourt Kemebradikumo Daniel Pondei, a professor of medical microbiology and the new acting managing director of the Niger Delta Development Commission (NDDC), has promised to steer a radical direction in his headship of the Federal Government quango that has been at the centre of financial infractions since its establishment some 20 […]
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