BUSINESS
Tinubu To Present N26.1 Trillion 2024 Budget To National Assembly November
President Bola Tinubu will present the proposed N26.1trillion 2024 budget estimates to joint session of the National Assembly early next month, the Senate revealed on Wednesday. Ahead of the presentation, the Senate through its committee on Appropriations , has summoned the Ministers of Finance , Wale Edun and his counterpart on Budget and Economic Planning , Senator Atiku Bagudu ,...
FIRS Tenders Apologies To CAN Over Controversial Easter Message
The Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message which has stirred controversy among adherents of the faith. In its Easter message to Christians in Nigeria, the FIRS had shared a flier showing a Point of Sale (PoS) machine with the caption, “Jesus paid your debt, not your taxes”. The message triggered an outpour of condemnation...
Ikpeazu Moves To Pay Abia Polytechnic, SEMB Staff, Others Salary Arrears
Abia State governor, Dr Okezie Ikpeazu has set up a committee on resolution of arrears of salaries owed staff of Abia State Polytechnic Aba, Secondary Education Management Board (SEMB), and others. Members of the committee are; 1. Dr. Aham Ukoh, Honorable Commissioner for Finance - Chairman 2. Sir Onyi Onyii Wamah, State Head of Service - Member 3. Dr Jonathan Osuji, Honorable Commissioner...
We’ll Pursue Expansion Policies To Fight Recession – CBN
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will pursue expansionary monetary policies to fight recession because the fiscal policy was already constrained. Emefiele said this was necessary to curb the rising inflation and address recession in the economy. He said this was part of the resolutions of the Monetary Policy Committee meeting held...
Nigeria Makes World Bank’s List Of Top Debtors
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal Year 2021 audited financial statements, known as the IDA financial statement, showed that Nigeria was rated fif...
Air Peace Obtains Direct Flight Permit To Dubai
The government of United Arab Emirates has granted Air Peace the approval to operate direct flight to Dubai. Minister of Aviation and Aerospace, Festus Keyamo, SAN, who disclosed this weekend, said Emirates Airlines, which has stopped operations to the country due to its inability to repatriate dollars earned in the country home, also announed its readiness to commence direct flights...
APC Not Stopping Commissioning Of Anambra Airport, Says Andy Uba
Mr Victor Ogene, Director, Media and Publicity for Sen. Andy Uba Governorship Campaign Organisation, on Saturday described as fake news associated with Ubah to stop the commissioning of the Anambra International Passenger and Cargo Airport. Ogene said that the social media reports trending on different social media handles with such deadly report was very unfortunate as people play politics with...
Bailey Bridge Ohafia Shuts Down Midnight Monday For Maintenance
Member representing Arochukwu/Ohafia federal constituency, Hon. Uko Nkole has announced the closure of Bailey bridge located along Ohafia -ABAM for maintenance starting from midnight of today monday 01/03/2021. This is contained in a statement issued by Ibem Onwuka, Media Assistant to the House of Representatives member. This is to enable the authorities carry out a repair work on the collapsed bridge. All...
Gov. Sani Presents N458.3 Billion 2024 Budget To Kaduna Assembly
Kaduna State Governor Senator Uba Sani, yesterday presented a N458.3 billion budget for the 2024 fiscal year to the state’s House of Assembly for approval. The budget has N318.8 billion as capital expenditure and N139 billion as recurrent expenditure, reflecting a capital-to-recurrent ratio of 69.57 per cent to 30.43 per cent. Governor Sani said the budget prioritised capital spending in line...
NNPCL Considers Handing Over Rehabilitated Port Harcourt Refinery To Private Operators
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it was seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability towards...
