Truth Is Treasure
By Tony Obiechina, Abuja The Federation Accounts Allocation Committee (FAAC) shared a total of N769.523 billion to the three tiers of government for the month of July 2019. The N769.523 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory Revenue. The Committee announced in a communique at
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By Mathew Dadiya, Abuja Federal Government on Thursday, asked state governments to pay back the N614 billion given as bailout support funds from 2016 to 2017 to cushion the effect of the recession. The debt profile formed part of deliberations at the National Economic Council(NEC) meeting chaired by Vice President, Yemi
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N59.53 Bn Issued at FGN August Bond Auction - DMOBy Tony Obiechina, AbujaThe Debt Management Office (DMO) issued N59.53 billion at the August 2019 FGN Bond Auction held on Wednesday in Abuja for the three (3) Tenors offered to various investors who subscribed at the Auction.According to a statement from
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By Tony Obiechina, Abuja The Minister of State for Budget and National Planning, Mr Clement Ikanade Agba, has urged the staff of the ministry to work as a team to ensure that next 2020 Budget is ready next month.Addressing the staff shortly after assuming duty on Wednesday, the Minister disclosed
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Orders Ministers To Start Budget Preparation Immediately By Mathew Dadiya, Abuja President Muhammadu Buhari Wednesday directed all the new ministers swooned-in to liaise with the permanent secretaries of their respective ministries and commence work on the 2020 budget with immediate effect so as to get it ready before the National Assembly
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From Udo Onyeka, Lagos President of the Shippers Association, Rev Jonathan Nicole has said that Nigerian ports would continue to suffer, just as the manufacturing industries have suffered, if the Federal Government decides to place ban on importation of certain goods items. Rev Nicole who raised the concerns noted that already, the 41 items
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Benue Govt Owes over N22b Gratuity - Ortom The Benue state governemnt is owing over N22billion in gratuity to its retired staff, the Governor, Samuel Ortom has said. Ortom stated this on Monday, during the inauguration of the Chairman and members of the State Pension Commission in Makurdi. He disclosed that
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Says FIRS Boss Not Under Probe By Mathew Dadiya, Abuja The Presidency, Monday, raised the alarm that Nigeria May be heading for a fiscal crisis if urgent steps were not taken to halt the negative trends in target setting and target realisation in tax revenue. Presidential spokesman, Garba Shehu while reacting to
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'Buhari's directive on food import part of CBN policies since 2016' By Mathew Dadiya, Abuja The governor of the Central Bank of Nigeria, Godwin Emefiele Monday, said that the country would appeal the recent judgment of the United Kingdom, Business & Property Courts (the Commercial Court) which awarded a cumulative
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Read the full address of President Muhammadu Buhari at the Presidential Retreat for Ministers -Designate and Presidential Aides held Monday at the State House Abuja. I welcome you all to this meeting whose purpose is firstly, to familiarize ourselves with our colleagues with whom we shall be working closely for
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