A total of $9.05 billion, about N1.4 trillion was sold by the Central Bank of Nigeria (CBN) at the Wholesale Dutch Auction System (WDAS) during the third quarter of 2011.Liquidity position in the financial system was further tightened with the withdraw...
The Federal Inland Revenue Service (FIRS) has disclosed that the total tax yield with the inclusion of Petroleum Profit Tax (PPT) from January to September, 2011 stand at N3.37 trillion a ratio of 64 to 36 of oil and non-oil revenue collections.The PPT...
As part of efforts to bridge the housing deficit in the country, Messrs UACN Property Development Company (UPDC), the property development subsidiary of UAC Nigeria Plc, has concluded arrangements to float a real estate investment of N40 billion bond.T...
Minister of the Federal Capital Territory (FCT), Senator Bala Mohammed, has decried the low quality of houses in some mass housing estates in the city and has described the situation as unacceptable.The minister said this at the weekend during his inve...
Deputy Senate President Ike Ekweremadu has advocated that Nigeria dedicate 26 percent of its annual budget to funding education in order to revamp the sector and accelerate Nigeria’s quest for national development.Senator Ekweremadu made the call...
Imo State Governor, Owelle Rochas Anayo Okorocha will today sign a new minimum wage of N20, 000 agreement with the organised labour in the state.This is scheduled to hold at the state secretariat on Portharcourt road, Owerri.The amount represents...
The Election Petitions Tribunal sitting in Benin City, the Edo State capital, Saturday, threw out the petition brought before it by Mr. Philip Oshioma Esede of the Labour Party (LP) challenging the election of the incumbent lawmaker, Hon Philip Shuaibu...
Chairman-elect of the Action Congress of Nigeria (ACN) in Yaba Local Council Development Area (LCDA), Olajide Jimoh has blamed the federal government for the lack of development at the local government level, calling for a change in the revenue sharing...
The Peoples Democratic Party (PDP) House of Representatives member representing Balanga/Billiri, Federal Constituency of Gombe State, Hon. Yusuf Manu Swa, was yesterday declared winner in the just concluded by-election conducted by the Independen...