BUSINESS
Be Good Debtors, Repay Your Debts – CBN Tells States
The Central Bank of Nigeria (CBN) has told state governments to act as good debtors by paying the debts that they owe to both commercial banks and the apex bank in order to be creditworthy. At the end of its Monetary Policy Committee (MPC) meeting on Tuesday, CBN Governor, Mr Godwin Emefiele also disclosed that the bank retained the Monetary...
We’ve Returned Ibori’s Looted £4.2m To Delta State Govt, Says Accountant-General
The Accountant General of the Federation, Ahmed Idris on Tuesday said the £4.2m looted by ex-Delta State Governor, James Ibori, has been returned to the state. The Attorney-General of the Federation, Abubakar Malami had on March 9 said the loot would be used for the construction of the second Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express road and not returned...
FIRS Chairman Tasks Accountants On Ethics, Standard
The Chairman Federal Inland Revenue Service, FIRS Mohammed Nami, FCNA has urged members of the Accounting profession to always uphold ethical conduct and high moral standard in the discharge of their duties. He further charged them to redouble their efforts and remain pace-setters to other professional bodies across the country. Nami who made this call on Monday during the inauguration 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...
Why I Seek Fresh N2.3tr Loan — Buhari
President Muhammadu Buhari, yesterday, wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion. Titled “Request for the resolution of the National Assembly to the implementation of the new external borrowing of N2.343 trillion, which is about $6.183 billion in the 2021 appropriation Act” and addressed to the...
Reps Moves Legalise Use Of Indian Hemp, Cites Economic Benefits
The House Of Representatives is set to legalise the use of Indian Hemp in the country for economic benefit. Spokesperson of the House of Representatives, Hon. Benjamin Kalu said this during a press conference on the benefits and opportunities of Cannabis in Akure, Ondo state capital Kalu said that the House of Representatives has concluded an arrangement to organize a two-day...
I Can Generate Billions Of Dollars From Cattle Business – Senator Okorocha
The lawmaker representing Imo West in the National Assembly, Senator Rochas Okorocha has said that Nigeria loses billions of dollars from cattle business, urging the Federal Government to invest in the business. He stated this during an interview on Channels Television’s Sunday Politics, noting if cattle business is being tapped well, it could create one million jobs for Nigerians. “Do you...
Ban On Open Grazing: Miyetti Allah Urges Northern Governors To Revive Existing Grazing Reserves
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) says the North cannot afford to ignore the recent unanimous decision of southern governors to place a ban on open grazing in their states. Responding to the Tuesday Asaba Declaration of the governors, National Secretary of MACBAN, Baba Othman Ngelzarma, said northern governors should rise up to the challenge by working...
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...
We Are NOT Broke – NNPC
The Nigerian National Petroleum Corporation, NNPC says the zero revenue projection for May pertains only to the federation revenue stream it manages and not a reflection of its overall financial performance. Kennie Obateru, the group general manager of NNPC public affairs division, disclosed this in a statement on Friday. “The shortfall will be remedied by the corporation as it relates only...
