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Sagay, BudgIT Condemn N700bn National Assembly Constituency Projects

Sagay, BudgIT Condemn N700bn National Assembly Constituency Projects

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President Muhammadu Buhari has set aside N100bn for constituency projects of National Assembly members in the latest budget proposal. The projects, under the heading, Zonal Intervention Projects, bring the total to N700bn in the last...
LCCI To Secure Permanent Site For Trade Fair To Check Costs

LCCI To Secure Permanent Site For Trade Fair To Check Costs

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The Lagos Chamber of Commerce and Industry (LCCI) has stated that it is close to organising its yearly Lagos International Trade Fair on its permanent site. Indeed, the Organised Private Sector (OPS) stated that it...
Customs Restores VAT, Multiple Charges On Imported Aircraft, Spare Parts

Customs Restores VAT, Multiple Charges On Imported Aircraft, Spare Parts

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About three months after the implementation of zero Value Added Tax (VAT) on commercial aircraft and spare parts, the Nigerian Customs Service (NCS) has allegedly restored the collection of 7.5 per cent VAT and...
Federal Government Faces Tough Choices Over Likely Naira Devaluation

Federal Government Faces Tough Choices Over Likely Naira Devaluation

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In apparent contradiction of its earlier stance on floating the naira, the Federal Government, yesterday, prevailed on the Central Bank of Nigeria (CBN) to allow the currency to reflect market realities. According to Vice President,...
Taliban, US Conclude ‘Candid, Professional’ Talks In Doha

Taliban, US Conclude ‘Candid, Professional’ Talks In Doha

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Delegates from the Taliban and the United States have held “candid and professional” talks in the Qatari capital, according to a US official, with the two-day discussions focusing on security and “terrorism” concerns, the...
e-Naira: CBN Assures Of Inclusive Economic Growth Ahead Of Launch

e-Naira: CBN Assures Of Inclusive Economic Growth Ahead Of Launch

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The Central Bank of Nigeria, (CBN), has said that it will not rest on its oars at ensuring inclusive economic growth and sustainable development through the introduction of the-naira, which will soon be launched. Director,...
OBASANJO: My Faith In Nigeria Remains Unshakable

OBASANJO: My Faith In Nigeria Remains Unshakable

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Former President Olusegun Obasanjo, on Friday, declared that his faith in a better Nigeria remains unshakable. Obasanjo insisted that, the country would not be destroyed by the myriads of challenges confronting it. Obasanjo disclosed this during...
EFCC Drags Former Governor’s Aide, Wife To Court For Money Laundering

EFCC Drags Former Governor’s Aide, Wife To Court For Money Laundering

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The Economic and Financial Crimes Commission (EFCC) on Friday arraigned Embelakpo Apere and his wife, Beauty Apere, before a Federal High Court Yenagoa over money laundering allegedly carried out in 2015. Embelakpo is a former...
Budget Of ‘Growth’ Raises Doubt Amid High Debts, Low Incomes

Budget Of ‘Growth’ Raises Doubt Amid High Debts, Low Incomes

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President Muhammadu Buhari, yesterday, before a joint session of the National Assembly, unveiled a record N16.39 trillion ‘‘Budget of Economic Growth and Sustainability’’ for 2022, with a projected 25 per cent year-on-year rise in...
500 Nigerians Lose Jobs As UAE Declines Renewal Of Work Visas

500 Nigerians Lose Jobs As UAE Declines Renewal Of Work Visas

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Over 500 Nigerians have lost their jobs and are stranded four months after the United Arab Emirates stopped granting or renewing Direct Employment Visa for Nigerians in the Western Asian country. It was gathered that...