FG to unveil new revenue collection, disbursement platform for MDAs The Federal Government, led by Finance Minister Wale Edun, minister of finance and coordinating minister of the economy, has held a high-level meeting in Abuja to discuss the rollout of a unified revenue collection and disbursement system for MDAs[Read More…]
Tinubu leads over FEC meeting President Bola Tinubu is currently presiding over the federal executive council (FEC) holding at the state house in Abuja. Mohammed Idris, minister of information and culture, disclosed this to journalists during a press briefing on Tuesday. According to TheCable, this is the first time[Read More…]
FG to implement central revenue system for financial transparency The federal government on Monday said it will implement a central revenue system to boost financial transparency and accountability. Mohammed Manga, director of information and public relations at the ministry of finance, made this known in a statement. Manga said the[Read More…]
InfraCredit secures $15m AfDB loan to enhance infrastructure financing in Nigeria The Infrastructure Credit Guarantee Company Limited (InfraCredit) has secured a $15 million loan from the African Development Bank (AfDB) to boost infrastructure financing in Nigeria. The AfDB announced the deal in a recent statement. The agreement,[Read More…]
GTCO Rated Strongest Brand, Best Banking Brand In Nigeria Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand and Best Banking Brand in Nigeria by Brand Finance and[Read More…]
UK Court rules in favour of Chinese firm, allows seizure of Nigeria’s properties A commercial court in London, United Kingdom (UK), has granted Zhongshan Fucheng Industrial Investment Co. Ltd final charging orders over two residential properties owned by Nigeria in the UK. Lisa Sullivan, a master at the[Read More…]
FG cracks down on electricity theft: sets up tribunal for prosecution The federal government has said that it is working on establishing an electricity offences tribunal to combat electricity theft in the country. Aliyu Tahir, managing director of the Nigerian Electricity Management Services Agency, spoke at a press[Read More…]
NNPC, TotalEnergies sign $550m investment deal on Ubeta project The Nigerian National Petroleum Company (NNPC) Limited has signed a memorandum of understanding (MoU) with TotalEnergies for the final investment decision (FID) on the Ubeta Field Development Project. NNPC and TotalEnergies on Thursday signed the agreement in Abuja. [Read More…]
World Bank backs Nigeria’s plans to introduce telecoms, gambling taxes The World Bank has said that its $750 million loan to Nigeria will support the federal government’s policy reforms. World Bank made this disclosed in the programme appraisal document — dated May 17, 2024 — on the proposed[Read More…]
FG says UAE will soon lift visa ban on Nigerians Festus Keyamo, minister of aviation and aerospace development, says the United Arab Emirates (UAE) will soon lift the visa restriction on Nigerian travellers. Keyamo stated this on Saturday during an interview with the State House media. He said the country[Read More…]
