A week after the Paris Club refund was disbursed, the three tiers of government yesterday shared a windfall of ₦652.229 billion as statutory revenue for this month. Of the ₦652.229 billion shared, the Federal Government got the lion share of ₦286.650 billion, states-₦178.619 billion and local government councils-₦134.927 billion. Oil producing states got ₦29.894 billion […]
Read More
For better management, accountability and probity, the Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, called on the Federal Government to immediately transfer the $95 million currently in the Stabilisation Fund and the $2.3 billion in the Excess Crude Account (totalling $2.395 billion) into the Sovereign Wealth Fund (SWF) domiciled with the Nigeria Sovereign Investment Authority […]
Read More
The Chairman of Abakaliki Rice, Ebonyi State, Joseph Nnunu, has charged the Federal government to make agricultural infrastructure readily available and accessible to farmers. Nnunu said this would enhance the Federal Government’s quest to boost food supply and provide more competitive source of incomes for Nigerians. According to him, some of the major challenges stakeholders […]
Read More
The Federal, 36 States and 774 Local Government Areas in the country shared shared ₦462.359 billion as revenue from the federation account for June . Of total statutory allocation, federal government received ₦147.682 billion, states got ₦74.906 billion; local government got ₦57.750 billion while ₦20.505 billion went to the oil producing States as 13 per […]
Read More
The Nigerian Government has affirmed that MTN Nigeria has paid N80 billion of the N330 billion fine inflicted on it for failing to deactivate more than five million unregistered Subscriber Identification Module cards. Speaking at the News Agency of Nigeria Forum in Abuja on Monday, the Minister of Communications, Mr. Adebayo Shittu, said that the Johannesburg company paid the […]
Read More
The Federal Government is set to inject an additional 350 billion naira (1.1 billion dollars) into the economy and raise 1 billion dollars from Eurobonds by mid-December to ease the recession. The Minister of Finance, Mrs Kemi Adeosun told journalists in Abuja that the additional funding, on top of the initial 420 billion naira released […]
Read More
The harsh economic condition in the country forced the Federal Government to borrow the sum of N2.89trn from the banking sector in the fourth quarter of 2015, figures obtained from the Central Bank of Nigeria have revealed. The figures are contained in the fourth quarter economic report of the apex bank, a copy of which was […]
Read More
FEDERAL Government has promised not to cut down the number of employees of the Nigerian National Petroleum Corporation. This is coming as labour unions have threatened to storm Imo State today (Friday) for a mass action if the state government fails to reinstate the workers that it recently sacked. The Federal Government noted that instead […]
Read More
THE World Health Organisation (WHO) on Monday urged governments at all levels to intensify public awareness campaigns on Lassa fever in the rural areas. Mrs. Faith Irehi, WHO Coordinator in Edo, made the call during a sensitisation campaign on Lassa fever in Etsako West Local Government Area of the state. “Following the recent outbreak of […]
Read More
BY April this year, Lassa fever will “become history.” The government, which expressed optimism that the disease would be eradicated in April, also confirmed that it had placed the family that was visited by a victim in the Kubwa community of Abuja and an official of the Kubwa hospital, where he was treated, under surveillance. […]
Read More
NIGERIA Federal Government yesterday, vowed that any government employee taking advantage of the loopholes in the payroll system to collect multiple salaries would be fished out and prosecuted. The Minister of Finance, Mrs. Kemi Adeosun, who gave the warning in Abuja, also stated that the government would ensure that all its employees were enrolled on […]
Read More
The Democratic Peoples Congress (DPC) has said it is shell-shocked by the revelation and confession of some public office-holders and their political associates that they received billions of naira from the $2.1bn appropriated for arms procurement under the Goodluck Jonathan administration. The party said it was amazed that the fund meant to support the fight […]
Read More
