The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has met with a high-level delegation from the African Development Bank (AfDB) led by Dr. Abdul Kamara, Director General for Nigeria at the AfDB. The meeting, which was held today in his office in Abuja, explored a range of potential areas...
Category: Economy
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STOP DEFAMATORY STATEMENTS AGAINST RMAFC, CACOL CAUTIONS FIRM.
The Centre for Anti-Corruption and Open Leadership (CACOL) has cautioned a consulting firm, Zilcon Higgs International Limited to stop making defamatory statements against the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) following the inability of the firm to get paid for a job it allegedly carried out on behalf of the Nine Oil Producing States....
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FAAC:: FG, STATES, LGCs SHARE N1.203 TRILLION FROM A GROSS TOTAL OF N2.278 TRILLION FOR THE MONTH OF AUGUST 2024
The Federation Account Allocation Committee (FAAC), at its September 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.203 Trillion to the three tiers of government as Federation Allocation for the month of August, 2024 from a gross total of N2.278 Trillion. From...
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FG, STATES, LGCs SHARE N1.203 TRILLION AUGUST 2024 REVENUE
A total sum of N 1.203 trillion August 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the September 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1.203 trillion total distributable revenue comprised distributable statutory...
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IPPIS: OAGF ASSURES THAT EMPLOYEES’ DATA IS SAFE, SECURED.
The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s determination to maintain and operate a secure and efficient personnel and payroll system. In a statement in Abuja, the OAGF maintained that the Integrated Personal and Payroll Information System (IPPIS) database has not been compromised, assuring that employees personal data...
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PRESIDENT TINUBU’S VISION BEARS FRUIT AS NIGERIA BEGINS PMS SUPPLY IN NAIRA
In a groundbreaking move poised to revolutionize Nigeria’s energy landscape, the Dangote Refinery has today commenced supply of Premium Motor Spirit (PMS) to the Nigerian National Petroleum Corporation Limited (NNPCL. This bold initiative, championed by President Bola Ahmed Tinubu’s Administration, marks a significant milestone in Nigeria’s quest for energy self-sufficiency and reduced reliance on imported...
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NIGERIA TAKES GIANT LEAP TOWARDS ENERGY SELF-SUFFICIENCY:CRUDE PURCHASE PRODUCT SALES IN NAIRA TRANSACTION KICKS OFF*
In a landmark move towards reducing pressure on the Naira, eliminating unnecessary transaction costs, and improving availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as corresponding purchase of petroleum products in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr...
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FINANCE MINISTER MEETS WORLD BANK VP, DISCUSSES POWER SECTOR REFORMS TO DRIVE INFRASTRUCTURE DEVELOPMENT
In a significant step towards transforming Nigeria’s power sector, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has met with Guangzhe Chen, Vice President for Infrastructure at the World Bank, to discuss bold reforms aimed at improving electricity access across the nation in order to accelerate infrastructure development and...
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FG RAISES OVER $900 MILLION IN LANDMARK DOLLAR BOND
In a groundbreaking achievement, Nigeria has successfully launched its first domestic dollar-denominated bond, shattering records and signalling a new era of financial innovation and economic growth. With over $900 million raised, this milestone marks a significant turning point in the country’s financial strategy, bolstering its economic resilience and cementing its position as a leader in...
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Kwara State Police Commissioner Visits Bereaved Family, Assures Justice in Ongoing Investigation
The Kwara State Commissioner of Police, CP Victor Olaiya, has assured the family of late Qoyum Abdulyekeen Ishola that the police will conduct a thorough investigation into the circumstances surrounding his death. CP Olaiya, representing the Inspector General of Police (IGP), Kayode Egbetokun, paid a condolence visit to the family on September 10, 2024. During...