Hitherto,Nigeria had been known as a net exporter of crude oil and a perpetual importer of refined petroleum products. As we all know crude or raw products are sold for very little while processed or finished products attract a much…
*Jealous lover bags jail term for bathing ex-girlfriend with acid (Punch)*NEC suspends subsidy removal (Vanguard)
Jealous lover bags jail term for bathing ex-girlfriend with acid (Punch) A 32-year-old carpenter, Onyekachi Agu, poured acid on his ex-girlfriend and his rival was on Wednesday sentenced to seven years imprisonment by a Lagos State High Court sitting in…
80.6% of FG’s revenue in 11 months consumed by debt servicing – Zainab Ahmed
Minister of Finance, Budget and National Planning, Zainab Ahmed, says the federal government spent a total of N5.24 trillion on debt servicing between January and November 2022, out of its N6.5 trillion retained revenue for the same period. The minister…
FG pays Niger Delta states N1.98trn
Zainab Ahmed, Minister of Finance, Budget and National budget says the Federal Government has thus far disbursed N1.98 trillion as a share of the 13 per cent oil derivation backlog paid to oil-producing states. She made the disclosure at the…
NNPC can’t justify N6.34tn petrol subsidy – Customs
The Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), has stated that the Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation) cannot justify the volume of Premium Motor Spirit (petrol) being consumed in the country daily to…
Buhari to attend CHOGM 2022 in Kigali, Rwanda
President Muhammadu Buhari will depart Abuja on Wednesday for Kigali, Rwanda, to attend the 26th Commonwealth Heads of Government Meeting (CHOGM), being held from June 20 to 26. The theme for CHOGM 2022 is, “Delivering a Common Future: Connecting, Innovating,…
MTN is Best Tax Compliant Organisation in Nigeria
MTN Nigeria Communications Plc (MTN Nigeria) has been recognised with two awards at the recently concluded National Tax Dialogue Event organised by the Federal Inland Revenue Service (FIRS). According to a statement, the second edition of this stakeholder engagement forum…
Unbudgetted spending: National Assembly warns minister, revenue-generating agencies (Punch)
The National Assembly has warned the Minister of Finance, Zainab Ahmed, and heads of all Federal Government revenue-generating agencies against engaging in unauthorised spending of revenues without the approval of the federal lawmakers as required by law. The chairmen of…
Nigeria risks fiscal crisis without increased revenue — Ahmed (Punch)
Minister of Finance, Zainab Ahmed, has warned that the Nigerian economy could go into fiscal crisis if the country fails to increase its revenue. Ahmed spoke at the headquarters of the ministry shortly after the inauguration of the new ministers…
FG recovers N605bn through whistleblower policy (Punch)
The Federal Government on Thursday said that it had recovered about N605bn through the implementation of the whistleblower policy. The Minister of Finance, Mrs Zainab Ahmed gave the figure during a media briefing on the activities of the ministry. The…
