Latest Nigeria Business News
The Federal Government recorded a fiscal deficit of N4.62tn in its operations in the 2019 fiscal period, figures obtained from the Central Bank of Nigeria have revealed. The 2019 budget which was signed by the President, Major General Muhammadu Buhari (retd.), had capital expenditure of N2.09tn, recurrent expenditure of N4.05tn, statutory transfers of N502bn, and […]
Benue State Governor, Samuel Ortom on Monday revealed that some Fulani herdsmen who invaded his farm in Makurdi shot at him and some livestock guards. Ortom who stated this on a program, “issue of the moment” he featured in on the state radio aka Radio Benue said he had to invite troops of Operations Whirl […]
The Senate has assured Nigerians that the implementation of the 2.5 per cent increase in the Value Added Tax from February 1 will not affect the purchasing powers of an average Nigerians because the increment was targeted at luxury items. The President of the Senate, Ahmad Lawan, stated this on Monday, while answering a question […]
The Comptroller-General of Customs, Col Hameed Ali (retd.), on Monday, said Nigeria’s borders remained shut due to yet-to-be-concluded border security strategies between Nigeria and neighbouring communities. Ali stated this at an event held at the Customs headquarters in Abuja to celebrate the 2020 International Customs Day. The event, which is celebrated annually by all Customs […]
The Federal Government is planning a 10-year successor plan to replace the Economic Recovery and Growth Plan. The Minister of State, Budget and National Planning, Clem Agba, said this while receiving the Japanese Ambassador Extraordinary and Plenipotentiary to Nigeria, Yutaka Kikuta, in his office. He said a new economic blueprint for the country was imperative […]
The Lagos State Government on Monday proscribed the operations of okada and tricycle riders in six local governments and nine local council development areas of the state. The government, while directing security operatives to embark on total enforcement of the Lagos State Transport Sector Reform Law 2018, also ordered that the riders must not ply 10 major […]
The Vice-President, Prof. Yemi Osinbajo, has said despite the great achievements by the Federal Government to create social safety net for the people of the country, the government is far from touching the lives of many who need help in the country. He therefore called on corporate organisations to step in and assist the government […]
The President, Major General Muhammadu Buhari (retd.), has dismissed the claim by a former Minister of Defence, Gen. T.Y. Danjuma (retd.), that Nigeria under his watch is in deep rot. Danjuma had, at a recent event in Ibadan, the Oyo State capital, scored Buhari low in governance and anti-corruption war, claiming that Nigeria under the […]
Nathan Sharibu, father of the teenage Christian girl, Leah, said he had received the news of his daughter’s reported motherhood status while still under captivity with all pleasure. Sharibu, who responded to inquiries from our correspondent, said “I remain undaunted because, if that is the will of God; then, I receive it with all pleasure.” […]
PRESIDENT Muhammadu Buhari declared on Friday that Nigeria would soon see the end of the Boko Haram insurgency in the North-East. Buhari told the European Union (EU) Commissioner for Crisis Management, Janez Lenarcic, who visited him in Abuja that Nigeria had faced challenges in the past and managed to overcome and forged on. ”If we […]