Economist and public affairs commentator, Mr Odilim Enwegbara has described the 2020 Appropriation Bill as “a budget of bankruptcy”. Reacting to the Bill presented to a joint session of the National Assembly on Tuesday, Enwegbara wondered if Nigeria had not “come to the point of agreeing that this business of federal government running Nigeria’s economy…
The House of Representatives on Thursday directed the apex bank- the Central Bank of Nigeria (CBN) to suspend the new charges placed on Nigerians under its new cashless policy, with immediate effect. CBN had earlier announced an increase in charges on withdrawals and deposits exceeding N500,000. In a plenary session on Thursday, the Honourable members…
Oyo state governor, Engr Seyi Makinde has vowed that before the first quarter of 2020, the state would have become the major investors’ destination in Nigeria saying this will be possible as the state will partner with Nigeria Investment Promotion Commission (NIPC), Nigerian Maritime Administrative and Safety Agency (NIMASA) and the Development Agenda for Western…
The Federal Government through the Nigerian Electricity Regulatory Commission has increased the tariff payable by power consumers across the country. Findings from various documents obtained from the NERC on Wednesday in Abuja showed that beginning from next year, power consumers will have to pay an additional sum of between N8 and N14 for every kilowatt-hour…
The Oyo State Governor, Engr. Seyi Makinde has pleaded for the support of different stakeholders operating in the State on adequate deductions, prompt Remittance of Taxes and other levies to able to fulfill his promises on provision of social amenities, enduring infrastructures, regular payment of government obligations and other amenities. The governor stated this during…
Oyo State government has assured the citizens of the State that the present administration led by Governor Seyi Makinde would not increase tax on small and medium scale enterprises (SMEs) as part of effort to increase Internal Generated Revenue (IGR). The Chairman, Oyo State Board of Internal Revenue (BIR), Aremo John Adeleke stated this recently…
The custom’s Anti-smuggling Command Patrol Team (Niger/Kogi Command) has said it seized another Dangote truck with registration XA 297 -NAK transporting Seven Hundred (700) Bags of Rice worth Eleven Million, Nine Hundred Thousand Naira (N 11,900,000). According to the command, the seizeure was made around Minna-Lambata-Suleja axis of the Command few months after similar seizure…
By Evelyn Ohiolei An Non-Governmental Organization, the Support Towards Advancement Networking and Development For Women And Children Foundation, has called for the recognition, protection and enforcement of widows’ rights. The Executive Director of the Foundation, Mrs Olusayo Adeleye, made this call on the sideline of the 2019 International Widows’ Day. The International Widows’ Day is…
The Central Bank of Nigeria has promised to offer loans to National Youth Service Corps members to start small and medium scale enterprises, which they will repay in seven years. The CBN Governor, Dr Godwin Emefiele, stated this in Abuja while receiving the NYSC Director-General, Brig. Gen. Shuaibu Ibrahim, in his office. Emefiele noted that…
The Federal Government may lift ban on importation of vehicles through the land border. It would be recalled that the government had in January 2017 ordered a ban on importation of vehicles through the land borders. The restriction on the importation of vehicles included that of rice, whose imports through the land borders had been…
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