BUSINESS
Gov. Otti Unveils Digital Tax Collection System For Transporters, Traders, It’ll Reduce Fraud
The Abia State Governor, Dr. Alex Otti on Monday launched a new digital tax system that would help the state eliminate fraud and intermediaries in revenue generation. The new system, which integrates free medical insurance schemes for all commercial vehicle drivers and riders of Keke and Okada, will see the state also maximise its revenue potential, the governor says. Chief Press...
World Bank Approves Nigeria’s $750 Million Loan
The World Bank has approved a $750 million loan to the Federal government which is to be used to improve electricity supply in the country. In a statement released today Wednesday, June 24, the World Bank said the $750 Million loan is for the power sector recovery operation (PSRO) to achieve financial sustainability and enhance accountability in the sector. According to the...
No Plans To Scrap NNPC In PIB – FG
THE Federal Government Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroleum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari. Answering questions from journalists in Abuja after an interactive meeting with the leadership of the National Assembly, Minister of State for Petroleum, Timipre...
Buhari Says His Administration Has Done Well In Reviving Economy Irrespective Of Criticisms
President Muhammadu Buhari, Tuesday said irrespective of what some people say, the administration he leads has made strides in stabilizing the security situation in the country, reviving and diversifying the economy, and fighting corruption. The President gave himself the pass mark when he received a delegation of political, religious and business leaders from Gombe State at State House, Abuja, that...
FG Not Responsible For Latest Petrol Price Hike — Minister
The Minister of Information and National Orientation, Mohammed Idris has stated that the federal government is not responsible for the latest hike in petrol price. Nigerians are grappling with renewed frustration exacerbated by the latest hike in petrol prices by the Nigerian National Petroleum Company Limited (NNPC Ltd) and other marketers. Speaking on the increase, Idris said NNPCL made the decision...
Start Embracing Alternative Payment Channels, CBN Tells Nigerians
The Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative payment channels such as eNaira and internet banking, insisting that the Naira redesign policy was not targeted at any individual or group. Speaking at the CBN Special day during the ongoing 44th Kaduna International Trade fair organized by the Kaduna Chambers of Commerce, Industry, Mines and Agriculture (KADCCIMA)...
Fuel Sells For N400/litre In Abuja, Others, Scarcity Persists In Lagos
Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit, popularly called petrol, with the commodity selling for as high as N400...
FG Announces Date For Presentation Of 2023 Budget By President Buhari
Barring any change, President Muhammadu Buhari is expected to present the 2023 appropriation to the National Assembly in September. The Director General, Budget Office of the Federation, Ben Akabueze, disclosed this on Monday in Abuja at training on budget preparation using the Government Integrated Financial Management Information System. The two-day nationwide training on budget preparation is organised for over four thousand...
Hardship Comment: APC Governors Caution PDP Against Inciting Nigerians Against Govt
The Progressive Governors’ Forum has cautioned their counterparts in the Peoples Democratic Party (PDP) against utterances and actions capable of inciting the masses against the Federal Government. In a statement in Abuja on Tuesday, the Chairman of the Progressive Governors’ Forum and Governor of Imo State, Senator Hope Uzodinma said the economic and security challenges confronting the nation needed a...
Obaseki Decries Nigeria’s Rising Debt Profile, Says FG Printed N60bn To Share In March [VIDEO]
Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble” with the way the economy is run. Obaseki lamented that Nigeria was the only country in the world where the federal, state, and local governments earn salaries at the end of the month, adding that the Federal Government printed N60bn as part of federal allocation for March. Speaking...
