FEC Approves N27.50trillion Budget For 2024
The Federal Executive Council (FEC) has approved the 2024 appropriation bill of trillion, with a trillion increase from the earlier estimated bill. The government had proposed trillion but reviewed the…
Maida urges Nokia to invest in Nigeria’s ICT R&D
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida has requested Nokia Networks to increase its investments in Research and Development…
LIRS Announces Deployment of Upgraded Revenue Collection Process for Hospitality Sector in Lagos State
The Lagos State Internal Revenue Service (LIRS) has announced the immediate deployment of an upgraded process for the collection of Hotel Occupancy and Restaurants Consumption Tax (HORCT) in Lagos State.…
KPMG predicts Nigeria’s inflation rate to hit 30% by December 2023
Nigeria’s headline inflation rate has been tipped to hit 30 per cent by December 2023, global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted. KPMG in its…
Nigerians in diaspora support Olukoyede in bringing back stolen funds
The National Association of Nigerian Diaspora Organization (NADA) has expressed its wholehearted support to the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede on his…
EFCC trains staff on work ethics and integrity
The Economic and Financial Crimes Commission (EFCC) has concluded a series of training for its staff on work ethics and integrity and other sterling operational issues. The training which was…
FG seeks Senate’s approval for fresh $7.8bn, €100m loans
Barely 24 hours after seeking approval of the supplementary budget, President Bola Tinubu has approached the Senate for the approval of another $ and €100m loans. The request of the…
BudgIT’s 2023 State of States Report: Rivers Reigns Again on Fiscal Performance Ranking As Anambra Joins Lagos, Kaduna, Ebonyi in Top 5; Zamfara, Bayelsa, Benue Lead from Bottom
BudgIT, a prime civic-tech organization leading the advocacy for fiscal transparency and accountability in Nigeria, has launched the 2023 edition of its annual States of States report themed Subnational Healthcare…
Headline inflation rate ascended to 26.72% in September
Kayoed Ogunwale In the financial landscape of September 2023, the headline inflation rate ascended to per cent, surpassing its August 2023 counterpart at per cent. This shift underscores a…
FG, States, LGs shares N1.1trn from federation account
Nigeria flag The Federation Account Allocation Committee (FAAC) has shared a total sum of from the federation account as allocation to the three tiers of government for the month of…