FG Generates N311.94bn From VAT In Q2, 2019 —NBS

The Federal Government has said it generated N311.94 billion from Value Added Tax in the second quarter of 2019. The National Bureau of Statistics, NBS stated this in its Sectoral Distribution of VAT, Quarter Two obtained from its website on Tuesday in Abuja.

Nigeria's Economy: Stable and Growing In Post Recession Era

The National Economic Council (NEC) which is being concurrently spearheaded by the head of Nigeria’s Economic Management team, Vice President Yemi Osinbajo has on Thursday 22nd August, 2019 disclosed that there is unprecedented economic stability and growth during the previous eight successive quarters of the years spanning through 2017 to 2019, since Nigeria emerged out of economic recession.

Reps Member Cautions Total Oil Against Relocation Plan

The member representing Degema/Bonny Federal Constituency in the House of Representatives, Hon. Doctor Farah Dagogo, has cautioned the management of TOTAL Group against relocating its servicing companies working in Egina offshore Field, Onne, to Ladol Yard in Lagos State.

Governors Jittery As FG Set To Recoup ₦614 Billion Bailout Funds

The Federal Government has unfolded its plan to recover the ₦614 billion bailout fund it’s offered to 35 states under the National Budget Support Loan Facility.

Magodo Resident Enjoy 24/7 Electricity After Signing Power Deal With Ikeja Electric

Residents of Magodo estate in Lagos State have enjoyed stable electricity for nearly two weeks, after signing a premium power deal with Ikeja Electric plc (IE).
According to The Cable, the Premium power initiative is an agreement issued by the Nigerian Electricity Regulatory Commission (NERC) where customers willingly pay electricity tariff above the current amount.

President Buhari Commissions Laudable Projects In Kaduna

On Thursday, 22nd August 2019 President Muhammadu Buhari commissioned multiple projects in Kaduna state executed by his administration in collaboration with the Kaduna State Government and other developmental partners. While commissioning the projects, the President pledged that his administration will continue to initiate and implement policies that are people-oriented so as to change the narrative for Nigerians.

High Interest Rate On Investments While Naira To Appreciate Further - CBN

During the week spanning through 26th to 3oth August 2019, Central Bank of Nigeria (CBN) is set to auction N169.85 billion worth of Treasury Bills (TBs). This will reflect in a high interest rate on investments in the Country. The decision was borne out of the massive under subscription incurred by the Federal Government of Nigeria (FGN) Bond auction of N145 billion conducted by the Debt Management Office (DMO).

How I'll Resolve Minimum Wage Issue - Ngige

The Minister of Labour and Employment, Dr Chris Ngige, has promised to speed up the processes for the implementation of the new minimum wage.

Following the delay by representatives of Organized Labour and the Federal Government to agree on the consequential adjustments relating to the recently approved New Minimum Wage, President Muhammadu Buhari has waded into the matter.

LG Funds: Governors Forum Convene To Review NFIU Directive

The Nigerian Governors Forum will today meet in Abuja to discuss matters arising on a recent directive by the National Financial Unit (NFIU) on Local government funds.