The federal government, states, and local councils on Thursday shared N760billion as revenue allocation for September. The Federation Account Allocation Committee (FAAC) disclosed this in a communiqué issued at the end of its meeting in Abuja. A breakdown of the figure revealed that N502.135 billion was for statutory revenue, N189.928 billion for Value-Added Tax (VAT), … [Read more…]
Bayelsa State government, yesterday, said it has received over N500million in cash and pledges from Akwa Ibom and Lagos governments as well as top politicians and philanthropists to assist flood victims. Governor Douye Diri disclosed this during the State Executive Council meeting. He said Lagos Governor, Babajide Sanwo-Olu, donated N50 million; Udom Emmanuel of Akwa … [Read more…]
An Ikeja Special Offences Court on Thursday remanded an oil marketer, Adeleke Fayose, for alleged N66.5 million oil fraud. The News Agency of Nigeria (NAN) reports that Fayose was arraigned by the Economic and Financial Crimes Commission (EFCC) alongside his company, Brooks and Knight International Ltd. They are standing trial on a three-count charge bordering … [Read more…]
House of Representatives Thursday said that Nigeria’s high debt profile was consequent upon loans obtained to fund government agency with duplicated functions. The House said it was counterproductive and would not condone the practice henceforth. Chairman of the adhoc committee of the House set up to review the duplication of government agencies, Hon. Victor Danzaria … [Read more…]
Some concerned Nigerians, have asked the Government of the United Kingdom (UK) to release on bail, former Deputy Senate President Ike Ekweremadu and his wife, Nwanneka. The group, in a protest letter submitted to the British High Commission, Abuja titled ‘The Travail of Senator Ike Ekweremadu: Protest Against Continued Detention Without Trial,’ said Ekweremadu is … [Read more…]
The presidential candidate of the Labour Party (LP), Peter Obi has expressed his elation as his supporters popularly known as Obidients took his campaign to Mount Kilimanjaro, the highest mountain in Africa located in Tanzania. Obi made this known in his tweet on Thursday while commending the Tanzanian supporter who erected the party’s flag on … [Read more…]
The Gubernatorial Candidate of All Progressives Grand Alliance, APGA, Mr Frank Nweke Jnr, has charged Enugu state people, especially the people of Isi Uzo local government area to ensure that they do not empower the oppressors and looters in Nigeria. Mr Frank Nweke Jnr. was on Wednesday, October 26th, 2022 at the Isi Uzo Local … [Read more…]
As fuel scarcity bites harder in parts of the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it was no longer possible to sell a litre of Premium Motor Spirit (PMS) at N180 per litre in Oyo and Osun States. This disclosure was made by the Chairman of IPMAN, Ibadan Depot, covering … [Read more…]
Presidential candidate of the ruling All Progressives Congress APC, Asiwaju Bola Tinubu said he has forgiven Vice President Yemi Osinbajo. Tinubu stated this in Kano, while addressing some political support groups loyal to Osinbajo during the APC presidential primaries. According to Tinubu a man who asks forgiveness from God, he must be willing to forgive … [Read more…]
….. FG says it’ll spend N80bn to repair damaged infrastructures ….. Says Nigeria needs 30yrs of consistent investment needed to control menace …..States, LGs business to provide temporary shelters The Federal Government on Wednesday said that the number of death recorded as a result of the devastating flood ravaging the country has risen to … [Read more…]
The Central Bank of Nigeria (CBN) on Wednesday announced that it would soon release resigned naira notes into the economy. Governor of the CBN, Godwin Emefiele who made the announcement during a press briefing, stated that the redesigned naira notes would be introduced by December 15, 2022 and will affect the highest denominations: 200, 500, … [Read more…]
By Prince Ejeh Josh The Lagos State Governor, Babajide Sanwo-Olu, has showered encomiums on the Chief Executive Officer, CEO, of the Pinnacle Oil and Gas Ltd and Enugu State Peoples Democratic Party, PDP, governorship candidate, Dr. Peter Mbah over the world-class, state-of-the-art Pinnacle petroleum products terminal located in Lekki Free Trade Zone, Lagos, commissioned by … [Read more…]