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ECONOMY
REVEALED: Local Government May Receive Direct Allocation from October
Indications have emerged that the 774 local government areas in Nigeria may start receiving their monthly federal allocations directly from the Accountant General of the Federation (AGF) from October 2024.
The Supreme Court of Nigeria of…
FG Set to Engage Innoson Motors to Advance CNG Initiatives
Nigeria's President, Bola Ahmed Tinubu, recently met with Innocent Chukwuma, CEO of Innoson Motors, to further progress the nation’s Compressed Natural Gas (CNG)-powered vehicles initiative.
Following the…
#EndBadGovernance Protest: President Tinubu to Address Nigerians on Sunday
President Bola Tinubu will address the nation in a broadcast on Sunday, August 4, 2024, at 7:00 am.
In a statement released by Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, on Saturday,…
#EndBadGovernance Protest to Be Or Not to Be
As Nigeria braces for the planned nationwide protest set to commence on August 1, 2024, the digital landscape is buzzing with anticipation and fervor. The hashtag #EndBadGovernance has taken social media by storm, trending on platforms like…
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Barred Numbers: MTN Shuts Down Offices Over Fears of Violence, Vandalisation
Nigeria’s leading telecommunications company MTN has shut down its offices nationwide over fears of violence from customers whose phone lines have been blocked for not being linked to their National Identification Number (NIN).
Due to the…
Tinubu Signs New Minimum Wage Bill Into Law
President Bola Ahmed Tinubu has signed the new minimum wage bill recently passed by the National Assembly into law.
The President assented to the bill at the State House, Aso Rock Villa on Monday making it mandatory for an employed…
Economic Crisis: Reps Group Mobilise Lawmakers to Ask Tinubu to Sack NNPCL, NMDPRA Mgt
Some members of the House of Representatives are mobilising their colleagues to ask President Bola Ahmed Tinubu to audit, dissolve the Nigerian National Petroleum Company Limited (NNPCL) and Nigerian Midstream and Downstream Petroleum…
Reps Order Arrest of Ecobank MD, Probes Fraud Allegations Against Oxford Group
The House of Representatives committee on Public Petitions has ordered the Inspector General of Police (IGP), Kayode Egbetokun to arrest Chief Executive Officer (CEO) of Ecobank Nigeria over and allegation of fraudulent operations of a…
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Senate Approves ‘Windfall Tax’ on Bank Revenue
A bill seeking to impose a one- time "windfall tax" on banks' revenue earned in foreign lands has passed second readingin the Senate.
The bill titled "Finance Act (Amendment) Bill 2024 (SB.539) . According according to Sen.…
Local Governments Receive N337.019 billion as June Allocation
The Federation Accounts Allocation Committee (FAAC) on Tuesday announced it has shared a total of N1.354 trillion June revenue for the three tiers of government.
The revenue was shared at the July meeting of FAAC, held in Abuja under the…