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THE 36 state governors have prayed a Federal High Court in Abuja to restrain the Federal Government from approving the deduction of any money accruing to the states from the Federation Account for the payment...
Sets up ad hoc committee on oil theft THE Senate has approved N4 trillion to fund petrol subsidy and debt service provision of N76.13 billion, with net reductions in Statutory funds reducing budget allocations for...
THE Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has proposed a 3.33% reduction of the statutory allocation to the federal government, while at the same time proposed increase of allocations to states and local government...
THE Nigerian Ports Authority (NPA) on Thursday said that 22 ships at the Lagos Port Complex were discharging petrol and other petroleum products as well as food imported items. The NPA in its daily Shipping Position...
THE Sustainable Initiatives for Nurturing Growth (SING) Nigeria, has called for urgent action to assuage Nigerians following hardship occasioned by the lingering fuel scarcity. SING Nigeria, in a statement signed by its programme officer, Ms Obianuju...
THE Federal Executive Council (FEC) on Wednesday at its weekly meeting in Abuja approved N92.1 billion for the construction of a second runway at the Nnamdi Azikiwe International Airport, Abuja. This is as hundreds of...
THE Federal Competition and Consumer Protection Commission (FCCPC) has begun engagement with Consumer Protection Groups (CPGs) to improve consumer rights education and awareness in the rural areas. Mr Babatunde Irukera, the Executive Vice Chairman of the...
NIGERIA’s Minister of Finance and National Planning, Mrs Zainab Ahmed, has revealed plans to fund 2022 petrol subsidy from more local borrowing and a $2.2 billion account raised from a Eurobond sale last year. “Rising oil...
THE Nigerian National Petroleum Company (NNPC) Limited on Wednesday sealed a deal with partners on gas aggregation to increase local production of fertiliser in the country. The Gas Aggregation Agreement was signed in Abuja on the...
A customer at the Ibadan Ring Road branch of Stanbic IBTC Bank in Oyo State on Tuesday, created a scene inside the banking hall, protesting the alleged freezing of his account over the non-provision of...