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FAAC: FG, States, LGs Share N1.2trn August, 2024 Revenue
By Abiodun Folarin, Abuja 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.…
Read More »NNPC Ltd Condoles Borno Govt, Donates Relief Items to Flood Victims
The NNPC Ltd, through its Corporate Social Responsibility (CSR) arm, NNPC Foundation, has donated relief items to the recent flood victims in Borno State. During a condolence visit paid to the Borno State Government on Tuesday, the Group Chief Executive Officer, Mr. Mele Kyari, represented by the Executive Vice President,…
Read More »NNPC Ltd/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off
The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State…
Read More »Tinubu in Borno, says FG will create disaster relief fund
President Bola Tinubu on Monday said the Federal Government would create a disaster relief fund to assist Nigerian citizens impacted by floods and other disasters. The President made the announcement when he visited Borno to sympathise with the government and people over the flooding in some parts of the state…
Read More »Access Corporation, MTN Nigeria drive equity market to N607bn gain
The Nigerian equity market gained N607bn in market capitalisation in the past week, on the back of buying interest in large-cap stocks like Access Corporation and MTN Nigeria. The All-Share Index appreciated by 1.06 per cent to close at 97,456.62, while the market capitalisation rose by 1.10 per cent to…
Read More »Dangote Refinery set to begin distribution of petrol on Sunday
Dangote Refinery will sell petrol NNPCL, NNPCL will then sell to various marketers Concisedaily Newsonline– All is set for Dangote Refinery to begin the distribution of Premium Motor Spirit (PMS) on Sunday, according to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. Edun, who…
Read More »NIMASA, BoI Collaborate to Grow Maritime Capacity
As part of efforts to enhance capacity in the Nigerian maritime sector, the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Bank of Industry (BOI) have initiated discussions on potential strategies for capacity building in the sector. The Director General of NIMASA, Dr. Dayo Mobereola, represented…
Read More »FG Declares Monday Public Holiday
By Queen Israel The Federal Government has declared Monday, 16th September, 2024 as Public Holiday to mark the celebration of the Eid-ul-Mawlid, the birth of the Holy Prophet Muhammad (Peace Be Upon Him). Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated…
Read More »Court Grants N10m Bail Each To #EndBadGovernance Protesters
A Federal High Court sitting in Abuja has granted N10 million bail on each to the ten members of the #EndBadGovernance protesters who were charged with attempt to overthrow President Bola Tinubu between August 1 and 4th this year. While delivering ruling in their bail applications, Justice Emeka Nwite said…
Read More »Nigeria: FG says no increase in taxes as revenue more than double at N9.1trn in Q1
The Federal Government of Nigeria’s revenue for the first quarter of 2024 increased to N9.1 trillion which is more than double in the same period in 2023, according to Mr Wale Edun, the Minister for Finance and Coordinating Minister of the Economy. Edun represented by Dr Armstrong Takang, the Managing…
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