Just another News Updates
Abba Dukawa I am using this medium with hope this open latter will reach all Northern Nigerian Lawmakers, members of House of Representatives and other mind alike lawmakers from other part of the country hands not to support Tinubu’s tax reforms bills before National Assembly. Nigeria is currently experiencing its worst economic crisis in a […]
Vice President Kashim Shettima has revealed that Nigeria attracted $1.27 billion in foreign capital from BRICS countries by June 2024, a significant increase from the $438.72 million recorded in the same period of 2023. The BRICS bloc—comprising Brazil, Russia, India, China, and South Africa, alongside newer members such as Iran, Egypt, Ethiopia, and the United […]
The Managing Director of Kaduna Refining and Petrochemical Company (KRPC), Dr. Mustafa Sugungun, has announced that the ongoing Quick Fix Project for the Kaduna refinery is expected to be completed by the end of 2024. Recall that the Nigerian National Petroleum Company Limited (NNPCL) awarded a $741 million contract to South Korea’s Daewoo Engineering & […]
The Federation Accounts Allocation Committee (FAAC) has shared a total of ₦1.411 trillion as revenue for October 2024 among the Federal, State, and Local Governments. The allocation was finalized during the November 2024 FAAC meeting in Bauchi State, chaired by the Accountant General of the Federation, Dr. Oluwatoyin Madein. A communiqué released after the meeting […]
Amid soaring inflation, 15 northern states collectively spent approximately ₦45 billion on poverty alleviation programs in the first half of 2024, an investigation has revealed. The National Bureau of Statistics (NBS) reported on Friday that Nigeria’s inflation rate rose to 33.88% in October 2024, up from 32.70% in September. This marks a sharp increase from […]
The Gombe State Commissioner for Finance and Economic Development, Gambo Magaji, has shed light on the apprehension among state governors regarding the Federal Government’s proposed derivation principle on Value Added Tax (VAT). Magaji made this disclosure on Saturday during a one-day citizens’ consultative meeting on the 2025 budget preparation. He warned that the proposed VAT […]
At least 20 states in Nigeria received grants totaling approximately ₦419 billion in the first half of 2024, while their combined wage bills amounted to ₦296 billion during the same period. The beneficiary states include Yobe, Zamfara, Plateau, Ondo, Niger, Nasarawa, Kwara, Kogi, Kebbi, Katsina, Kano, Kaduna, Jigawa, Gombe, Borno, Bauchi, Adamawa, Osun, Enugu, and […]
The Federal Government, on Thursday, approved the Medium-Term Expenditure Framework (MTEF) for 2025–2027, alongside the Fiscal Strategy Paper (FSP). According to the framework, the proposed 2025 budget size is ₦47.9 trillion, with new borrowings of ₦9.22 trillion to finance the deficit. Minister of Budget and Economic Planning, Abubakar Bagudu, announced the development after the Federal […]
The Nigeria Customs Service (NCS) announced that it collected ₦5.7 trillion in revenue as of Tuesday, November 12, 2024. Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Wednesday at the 2024 Comptroller-General of Customs Conference in Abuja. The conference is themed, “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose.” Adeniyi expressed optimism about […]
The 2024 BRICS summit, themed “Strengthening Multilateralism for Fair Global Development and Security,” became a landmark event in the quest for global economic balance and efforts to bridge the financial divide between the Global North and South. The summit reinforced a vision of multilateralism as a sustainable pathway to global development and security, contrasting sharply […]