Nigeria To Pay More For Petrol Subsidy As Oil Prices Hit Two Month High
Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production capacity and limited investment in the sector could lift crude between $90 and $100 a barrel this year. Specifically, tight supply and easing concerns about the potential hit to demand from the Omicron combined to jack up prices as Brent sold for $85.04 a...
Economy: Ikpeazu Charges Abia MDAs On Increasing IGR
Governor Okezie Ikpeazu of Abia State has directed all MDAs and LGAs in the state to comply fully with Abia State Revenue Laws and the Abia State Internal Revenue Service (ABIRS) directives in order to achieve the much needed revenue for state development. He gave this charge last week when he met with members of the State IGR Council...
Buhari Appoints Madein Substantive Accountant General Of The Federation
President Muhammadu Buhari has approved the appointment of Oluwatoyin Sakirat Madein as the substantive Accountant General of the Federation, AGF. This was contained in a statement, dated 19th May, 2023, and signed by the Director, Communications, Mohammed Abdullahi Ahmed, on Friday, in Abuja. The Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, stated that the appointment took effect...
Nigeria’s Economic Problem Generational, Tinubu Working Hard To Tackle It — APC
Felix Morka, the All Progressives Congress (APC) Publicity Secretary, has said that the economic problems the President Bola Tinubu-led administration is working to tackle were created generationally. Morka stated this while commenting on the hardship Nigerians are facing as a result of some economic policies introduced by President Biola Ahmed Tinubu in an interview on Channels TV’s Politics Today. He said...
Tinubu’s 2025 Budget Full Of Unrealistic Expectations, Says SDP’s Adebayo
The presidential candidate of the Social Democratic Party (SDP) in the 2023 general elections, Prince Adewole Adebayo, has criticised the 2025 budget proposals presented by President Bola Ahmed Tinubu to the National Assembly, describing them as full of contradictions and unrealistic expectations. Adebayo accused the government of insincerity, highlighting the exchange rates fixed in the budget and inflation projections as...
FG not planning to borrow N2trn pension fund for infrastructure – Finance Minister
Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, on Friday, dispelled the report that the Federal Government was planning to borrow N2trillion pension funds for infrastructure development. Ahmed stated this in Lagos at Udo Udoma & Belo-Osagie (UUBO) second private equity summit with the theme: ‘Drivers, Disruptors and Unlocking Value.” She said that the government was not borrowing the fund for...
Publish Details Of Your Foreign Loans Now, Guru Maharaj ji Challenges Buhari
The Founder of One Love Family Satguru Maharaj ji on Sunday urged President Muhammadu Buhari to publish a breakdown of foreign loans obtained by his government since he came to power in 2015. He also urged the President to publish names and photographs of those who have been caught and jailed by the Economic and Financial Crimes Commission (EFCC) and...
FEC Approves ₦13.08 Trillion 2021 Budget
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N13.09 trillion budget estimate for 2021 fiscal year. Briefing State House Correspondents after the meeting, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said the budget estimate is made up of N2.083 trillion capital expenditure, which she described as N29 per cent of the...
[BREAKING] COVID-19: FG Reduces 2020 Budget
The Federal Government has sent a new budget proposal to the National Assembly for consideration in view of global economic realities as a result of the COVID-19 pandemic. The new proposal sighted by The Nation, which is being considered by the National Assembly, reduced the 2020 estimate from. N10.594 trillion to N10.276 trillion. It also reduces the oil benchmark from $57...
APC Lawmaker Says Reps Will Investigate Tinubu Over Trillions Of Naira From Fuel Subsidy Removal
A member of the House of Representatives, Hon. Yusuf Gagdi, has vowed to ask President Bola Tinubu, what he did with the trillions of naira saved from the removal of fuel subsidy. The lawmaker and chieftain of the ruling All Progressives Congress (APC), who chairs the House Committee on Navy, said that he supported the removal of fuel subsidy but...
