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Kano state Governor, Rabi’u Kwankwaso has signed into law a supplementary budget of N21.1billion following its assent by the state House of Assembly. Speaking shortly after signing the document, Kwankwaso explained that the budget would enable th...
Nigeria’s monthly revenue dropped to N564.8 billion in August from N825.3 billion in July, the Accountant-General of the Federation, Mr Jonah Otunla, said in Abuja on Friday. Otunla gave the figures to reporters at the end of the monthly Federati...
Dr Solomon Nyagba, the President of the Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA), said the 7th Abuja International Trade Fair would gulp about N30 billion. Nyagba, who gave the figure at a press conference in Abuja on Wedne...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Wednesday attributed Nigeria’s rising debt profile and budget deficit to its inability to diversify her economy. RMAFC said this in Asaba at a two-day advocacy workshop for Nige...
Fifteen ships laden with various cargoes are expected to berth at the Port Harcourt Port in the next five days, the News Agency of Nigeria (NAN) reports. The Nigerian Ports Authority (NPA) disclosed this in its ``The Shipping Position’’, ma...
The Tin Can Island Port Command of Nigeria Customs Service said it generated N18.4 billion revenue in Aug. 2012. This was against the N17.3 billion revenue recorded in July. Mr Chris Osunkwo, the Public Relations Officer of the command, told the ...
Two financial experts on Saturday in Lagos expressed worry over the rise in the inter-bank lending rate. They told the News Agency of Nigeria (NAN) that the increase in the rate from 14.8 per cent to 17 per cent earlier in the week would have an...
Trade and investment relations between Nigeria and Egypt may have received a major boost, following the signing in Cairo, the Egyptian capital, of a Memorandum of Understanding (MoU) between the two countries. Dr Joseph Odumodu, Director General, Stand...
A statement from the African Economic Outlook (AEO) made available to LEADERSHIP says that Nigeria’s robust economic growth has not generated the much needed employment thereby inc...
The World Bank has concluded plans to provide a $200 million seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative, as part of measures to address infrastructure deficit in the country. Acc...
The Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala has said that the Presidency is going to work with the figure of N422 billion as the actual amount that was fraudulently spent on petroleum subsidy as against the...
The National Pension Commission (PenCom) has appealed the judgment by Justice D.U Okorowo of the Abuja High Court which set aside the takeover of the Board and Management of the First Guarantee Pension Limited (FGPL) by the Commission. The Court in its...
A total of N75 billion was raised by the Debt Management Office (DMO) through bonds at this week’s auction, just as the Central Bank of Nigeria (CBN) has revealed plans to mop up N154.9 billion from circulation through Treasury Bills. Accor...
The Federal Government has announced that the much expected N200 billion small and medium enterprises credit guarantee scheme (SMECGS) fund is now available. The Minister of State for Finance, Dr Yerima Ngama, who disclosed this in Abuja yesterday, how...
The Solomon Adeola-led House of Representatives Public Account Committee (PAC) yesterday ordered the management board of the Petroleum Equalisation Fund (PEF) to refund N27,051,618,579 to the Federation Account within three months - the monies being 80...