FG Not Paying $300m For 5% Stake In Nigeria Air –Aviation Minister, Sirika

The Minister of State for Aviation, Senator Hadi Sirika, says the Federal Government is not paying 300 million dollars for a five per cent stake in the Nigeria Air recently unveiled in London. Sirika gave the clarification in a statement by Mr James Odaudu, Deputy Director, Media and Public Affairs, Ministry of Transportation, on Tuesday in […]

FIRS INCREASES REVENUE BY 42 PER CENT

The Federal Inland Revenue Service has announced that it realized a total of N2, 529,615,174,601.25 (Two trillion, five hundred and twenty-nine billion, six hundred and fifteen million, one hundred and seventy-four thousand, six hundred and one naira, twenty-five kobo) from various taxes from January to June 2018. The amount shows that the Service had realized 75% of its […]

FG Reconstitutes Tax Appeal Tribunals

The Federal Government has reconstituted the Tax Appeal Tribunals in the six geo-political zones as well as Lagos and Federal Capital Territory. The reconstitution of the Tribunals is in accordance with Section 2(1) of the Fifth Schedule of the Federal Inland Revenue Service (FIRS) Establishment Act. The Honourable Minister of Finance, Mrs. Kemi Adeosun, who […]

FG to Introduce New Classification For Insurance Firms

The Federal Government, through the National Insurance Commission, plans to introduce a new classification policy in the industry, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Muhammad Kari, has said. Kari stated this at an executive breakfast meeting organised by the Society for Corporate Governance Nigeria, in Lagos on Wednesday. According to […]

FG: N1.580 Trillion Capital Cost Released To MDAs FOR 2017

The Federal Government has announced that a total of N1,580,270,755,084.44(One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo) capital cost was released to Ministries, Departments and Agencies for the 2017 federal budget. The Minister of Finance, Mrs. Kemi Adeosun made this known in Abuja […]

Right Policy On Agriculture: Stakeholders Task FG

Stakeholders in the financial sector have tasked the Federal Government, on the need to put in place the right policies that will drive the growth of Agriculture, which will further diversify the income earnings of the country as well as create more values for famers in the economy. The stakeholders who spoke during a Symposium […]

Ms. Yewande Sadiku

FG Targets 190 Investors From 40 Countries

The Federal Government is targeting to get fresh investments from over 190 investors from 40 countries in key sectors of the economy. The Executive Secretary, Nigeria Investment Promotion Commission, Yewande Sadiku, said this on Tuesday in Abuja during the opening session of the Direct Investors Summit Nigeria. The event was attended by the ministers of […]

Okechukwu Enelemah,

FG Targets 1-100 Spot On World Bank Ease Of Doing Business

Federal Government on Thursday said it is aiming first to 100th position on the World Bank ranking on the ease of doing business with the launch of I Guide, which is an investment guide for domestic and foreign investors into the country. Nigeria appreciated 24 places in the recent ranking of the World Bank ease […]

FG Says Ministers Didn’t Attend U.S Investment Summit Because They Weren’t Invited

The Federal Government has said the news making the rounds that Ministers who were invited to the US-Nigeria Investment Summit in Washington, DC, on April 19, 2018 shunned the forum is untrue. Speaking through a statement from London on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, added that most of the Ministers […]

Allocation Drops By N20 bn, FG, States, LGs Share N635.55 bn

The Federation Account Allocation Committee on Thursday approved the sum of N635.55 billion to be shared to the three tires of government from the Federation Account as statutory allocation for the month of January. The figure was announced by the Accountant-General of the Federation, Idris Ahmed, shortly after the FAAC meeting, which was held at […]