A total of N679.69 billion has been shared as revenue for the month of May between the Federal Government, States and Local Government Councils in Nigeria. The Accountant General of the Federation (AGF), Alhaji Ahmed Idris, disclosed this shortly after the Federation Account Allocation Committee (FAAC) meeting in Kano on Thursday.
The Kano State branch of the Rice Farmers Association of Nigeria (RIFAN) has threatened to take legal action on benefiting farmers who failed to repay the CBN-Anchor Borrower loan granted to them. While Addressing press, the state Chairman of the Association, Alhaji Abubakar Haruna Aliyu revealed that the association was concerned about the lackadaisical manner of some farmers in refunding the Anchor Borrower loan issued to them in 2018.
Barely three years after it chairman was dismissed, the Federal Government of Nigeria, led by President Muhammad Buhari on Monday inaugurated the Board of the Securities and Exchange Commission (SEC). The ceremony which was conducted by the Permanent Secretary of the Federal Ministry of Finance, Alhaji Mahmoud Isa-Dutse, in Abuja will have Mr. Olufemi Lijadu as Chairman of the Board of the Commission.
Following a ruling by Justice Ayokunle Faji of the Federal High Court in Ikoyi Lagos state, Chief Executive Officer of Innoson motors, Innocent Chukwuma have been directed to appear in Court or being risk being arrested. The bench warrant is premised on allegations of fraud traced to the CEO and two others.
Vice President Yemi Osinbajo expressed concern over the increasing poverty level in the country. Osinbajo featured on a TV programme alongside Srikant Datar, Professor of Business Administration (HBS), and Bayo Ogunlesi, a Nigerian investment banker at a question and answer session moderated by Hakeem Bello-Osagie, Chairman of Metis Capital Partners.
Oil prices rose significantly on Monday, 24th June 2019 to extend its preceding gains from last week of the month of June 2019. The development came as surprise to many experts due expectations over possible dwindling of the global economy, as tensions remain high between Iran and the United States of America.
Vice President, Prof. Yemi Osinbajo, today 19 June 2019 while speaking during a breakfast meeting of the Lagos Business School in Abuja says the Federal Government is discussing with stakeholders on ways to restructure Nigeria’s power sector. He revealed that the move became necessary following the need to improve supply and attract more investment to the country.