Emefiele risks jail term over $53m garnishee order
The Governor of Central Bank of Nigeria, Mr Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute to pay the balance of $53m due and payable under the said Order to Mr Joe Agi (SAN) and team of lawyers that facilitated the Paris Club fund matter for the Federal Government. Justice I. E....
FG To Promote Digital Economy, Inclusive Development
Minister of finance, budget and national planning, Zainab Ahmed has stated that the federal government would promote industrial digital economy, inclusive and economic development. This was announced on Tuesday by Zainab Ahmed at the West Africa Business Forum, themed; “Empowering women and youths to spur Africa’s transformation agenda” in Lagos. She noted that inclusive economic development is a core element of...
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...
UK Uncovers Fresh $23.4m Abacha Loot
The National Crime Agency (NCA) in the UK says it has recovered $23,439,724.98 loot believed to have been siphoned out of Nigeria in the 1990s by the associates and family of former Head of State, General Sani Abacha. According to a communique issued...
FG May Review Workers’ Salaries, Merge Agencies To Cut Cost ― Finance Minister
The Federal Government, on Tuesday, stated that it had directed the salaries committee to review payroll and also review the number of its agencies. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this in Abuja at the ongoing National Policy Dialogue on Corruption and Cost of Governance in Nigeria, organised by the Independent Corrupt Practices and Other...
Nigeria’s Debt Stock Hits ₦39.6 Trillion In 11 Months
Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and November 2021, according to a copy of the presentation obtained by our correspondent. The new borrowing in...
Customs Service To Distribute Confiscated Food Items As Hunger Bites Nationwide
The Nigeria Customs Service (NCS) has expressed its readiness to distribute seized food items to Nigerians to help mitigate the current hardship in the land. It said the distribution will be done after all the food items have been certified fit for human consumption. Recall that hundreds of young Nigerians had taken to the streets in some parts of the country...
We Don’t Have Land For Ranching, Southeast Governors Insist
The South East Governors Forum on Thursday said there was no land for ranching in the region. Speaking through its chairman, Governor Dave Umahi of Ebonyi State, the governors explained that there would be no land for ranching among the states in the region as contained in the National Livestock Transformation Plan, NLTP of the federal government. The governor, who also...
Nigeria’s Inflation Rate Hits 27.3%
Nigeria’s annual inflation rate rose to 27.33 percent in October from 26.72 percent in the previous month. This was disclosed by the National Bureau of Statistics (NBS) in its consumer price index report for September, released on Tuesday, November 14. The CPI measures the rate of change in prices of goods and services. The statistics office said the October 2023 headline inflation rate...
