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FG hires 7,500 graduates to boost tax revenue

  The Federal Government is targeting an increase in the number of taxpayers in the next two years from the current 14 million to 17 million. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this during a media briefing on Thursday in Abuja on a new initiative to drive tax revenue. Adeosun was accompanied to the briefing by the Executive ... Read More »

Inflation rate drops from 17.24% to 16.25% – NBS

The National Bureau of Statistics on Thursday released the Consumer Price Index which measures inflation with the index dropping from 17.24 per cent in April to 16.25 per cent year-on-year. The NBS in the report stated on a month-on-month basis, the headline index rose by 1.88 per cent in May representing a 0.28 per cent points higher than the rate ... Read More »

Nigeria regains Africa’s top oil producer status

Buoyed by the return of the Forcados export terminal, the nation’s oil production has surpassed that of its rival, Angola, the latest data from the Organisation of Petroleum Exporting Countries has shown. Nigeria, which again lost its Africa’s top oil producer status to Angola in January after it regained it in November last year, recorded the biggest increase in output ... Read More »

SunTrust denies withholding NASS members’ salaries

SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the death of Hassan Abiodun, an aide to the Deputy Speaker, Yusuf Suleiman as they blamed the death on non-payment of salaries. ... Read More »

FG Has Provided N30bn For Mining Sector Development – Osinbajo

Acting President Yemi Osinbajo says the Federal Government is moving swiftly to break all bottlenecks discouraging investment in Nigeria’s mining sector. The Acting President stated this on Tuesday while addressing investors at the inaugural National Mining Summit in Abuja, the Federal Capital Territory. “The Ministry of Mines and Steel Development has been granted access to the mining sector component of ... Read More »

FIRS generates N778bn in first quarter 2017

The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, and obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja. The report, which showed the revenue performance for the first quarter of ... Read More »

Afe Babalola varsity gets AfDB’s $40m loan

The African Development Bank (AfDB) has signed an  agreement with Afe Babalola University (ABUAD), Ado-Ekiti, Ekiti State for a corporate loan to finance the institution’s expansion. A statement from the bank stated that the expansion plan consists of construction of new facilities – including a 400-bed teaching hospital, an industrial research park, a post-graduate school, student hostels, a central library ... Read More »

FG kick-starts 2018 Budget preparation

  Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo, on Tuesday morning in Abuja flagged off preparatory activities for the 2018 Budget based onthe Economic Recovery and Growth Plan. Anchored by the Ministry of Budget and National Planning, the process is to ensure that the 2018 Budget aligns with the provisions of the ERGP and ... Read More »