BREAKING: Nigeria Governors’ Forum Endorses Tax Reform Bill, Makes Recommendations
The Nigeria Governors’ Forum (NGF) has endorsed the Tax Reform Bills, recommending that there should be no increase in the VAT rate and offering significant recommendations. The Chairman NGF, AbdulRahman…
#LGAAutonomy: 774 LGAs in Nigeria To Receive Direct Funds from AGF Office!
A team has been established within the Office of the Accountant General of the Federation (AGF) Office to manage the direct distribution of funds to the 774 local governments nationwide.…
Nigeria Recovers $52.88M in Assets Tied to former Petroleum Minister Diezani
The United States and the Federal Republic of Nigeria have agreed on a memorandum of understanding that will facilitate the return of $53 million in misappropriated funds to Nigeria. The…
House of Reps to Deliberate on the Bill for Derivation Funds for States
The House of Representatives is preparing to deliberate on a proposed bill that aims to raise the allocation of derivation funds for states endowed with mineral resources from a minimum…
Nigerian Railway Records Unprecedented Revenue of N1.69Bn!
In the second quarter of 2024, the Nigerian rail system reported a revenue of N1.69 billion from passenger fares, marking a significant increase of 53.14% compared to the N1.10 billion…
#MaiduguriFlood: President Tinubu approves N108Bn to Support Natural Disasters
President Bola Ahmed Tinubu approved the allocation of N108 billion to support the states in addressing natural disasters, with each state receiving N3 billion to aid their efforts. Borno State…
CBN Sanctions the Merger of Unity and Providus Banks
The Central Bank of Nigeria (CBN) has authorized a significant financial arrangement to facilitate the anticipated merger between Unity Bank Plc and Providus Bank Limited. This approval was stated in…
“Our External Reserves Stand at $36.89 Billion” – CBN Governor
The Governor of the Central Bank of Nigeria (CBN) has announced that external reserves currently stand at $36.89 billion. The governor of the CBN, Olayemi Cardoso, has provided reassurance to…
BREAKING: President Tinubu Endorses minimum wage of N70,000 for Nigerian employees
President Bola Tinubu has endorsed a minimum wage of N70,000 for Nigerian employees, with a commitment to reassess the national minimum wage legislation every three years. President Tinubu has assured…
President Tinubu Urges NASS to consider N6.2 Trillion Increase in 2024 Appropriation Act
President Bola Tinubu has requested the National Assembly (NASS) to consider a N6.2 trillion increase in the 2024 appropriation act. President Tinubu expressed his request in a letter that was…