Federal Archives — Page 78 of 147

May 14, 2019 No Responses

JAMB Remits N5b To Federation Account

The Joint Admissions and Matriculation Board (JAMB) has remitted N5 billion to the Federation Account in 2019. This is against the N8 billion it returned to the government purse last year. JAMB’s Head of Information, Dr Fabian Benjamin, confirmed this...

May 13, 2019 No Responses

Nigeria To Blacklist Firms Over N5tr AMCON Debts

The Nigerian Government has concluded plans to blacklist firms and individuals on the Asset Management Corporation of Nigeria’s (AMCON) debtors’ list. Under the proposed arrangement, they will no longer be allowed to do business with the govern...

May 6, 2019 No Responses

NNPC Remits N153.01b Into Federation Account In January

The Nigerian National Petroleum Corporation (NNPC) says it transferred N153.01 billion into the federation account in January. The corporation disclosed this in its Financial and Operations Report for the January released in Abuja on Sunday. “Within the peri...

March 5, 2019 No Responses

Nigeria Offers New Bonds For March

The federal government has offered for subscription two-year and three-year savings bonds at 11.62 per cent and 12.62 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website on...

February 6, 2019 No Responses

Nigeria Begins Local Production Of Passport

The Nigerian Security Printing and Minting Plc on Tuesday signed a Memorandum of Understanding (MoU) with an indigenous firm, Iris Smart Technology Ltd, for the production of international passports locally. Speaking at the signing ceremony in Abuja, the...

December 22, 2018 No Responses

NLC Explains Need For Urgent Alternative Model Of Economic Growth In Nigeria

The Nigeria Labour Congress (NLC) commends the National Bureau of Statistics for its consistency in living up to its mandate of providing relevant statistical information and data on Nigeria’s economy. The recent report on unemployment and underemploym...

December 15, 2018 No Responses

States In Nigeria To Access World Bank’s $750m Loan, Grant

The 36 states in Nigeria and the Federal Capital Territory (FCT) will soon access World Bank’s 750 million dollar loan, grant. The Minister of Finance, Mrs Zainab Ahmed, said this on Friday in Abuja while addressing the 7th Community of...

December 13, 2018 No Responses

2018:FIRS To Hit N5.3tri Revenue

The Federal Inland Revenue Service (FIRS) is expected to generate N5.3trillion revenue by the end of this year. Already, as at the second week of this month, FIRS has generated N5 trillion. Executive Chairman, Mr. Tunde Fowler, in a statement...

December 13, 2018 No Responses

Nigeria Approves $22.99m For Maritime Security

The Federal Executive Council (FEC) on Wednesday approved 22.995million dollars (N7.14billion) to enhance security of the nation’s Maritime sector The Minister of Transportation, Mr Rotimi Amaechi, disclosed this when he briefed State House correspondents on...

December 6, 2018 No Responses

Senate Approves N338b For States, Contractors

Delta and Taraba States are to share N102.3 billion of the N338 billion approved on Wednesday by the Senate for disbursement as settlement for inherited local debts and contractual obligations. The funds approved for the two states are reimbursement for...

December 4, 2018 No Responses

AfDB Approves $200m For Nigeria’s power sector

The Federal Government has secured a loan of $200 million to fund its electrification project. The African Development Bank (AfDB) Group on Monday said it provided $150 million for the project. The balance of $50 million was issued from the...

November 29, 2018 No Responses

FG, States, LGs Share N788.13b

The Federal Government, States and Local Governments, on Wednesday shared N788.13 billion as federal allocation for the month of October at the Federation Account Allocation Committee (FAAC) meeting. A statement issued by Mr Oise Johnson, Head, Press and Publi...

November 18, 2018 No Responses

Nigeria To Raise Funds From Capital Market To Fund Universities

The Government lacks the financial capacity to fund Nigerian Universities, President Muhammadu Buhari has said. Speaking at the convocation of the University of Ibadan which coincided with the institution’s 70th anniversary on Saturday, Buhari explained th...

November 10, 2018 No Responses

FIRS Generates N4.3tri In 10 Months

The Federal Inland Revenue Service (FIRS) on Friday said it generated N4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at t...