World Bank unveils new lending structure for Nigeria, others

Nigeria is in talks with the World Bank Group on ways to manage certain environmental and social risks in investment projects proposed for World Bank financing support beginning from October this year.

The Senior Communications Officer, Nigeria, World Bank, Mrs. Olufunke Olufon, said consultati [...]

Fri, 06 April 2018

Domestic debt: CBN calls for caution

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has cautioned the federal government over its rising domestic debt profile and the impact on the cost of borrowing, saying such status could further discourage the private sector.

Rising from its 260th meeting in Abuja, the comm [...]

Fri, 06 April 2018

FG to reduce unemployment through ERGP labs

The federal government is optimistic that the rate of unemployment in the country will be significantly reduced through the implementation of the focussed laboratories under the Economic Recovery and Growth Plan, ERGP, of the present administration.

The Minister of Budget and National Planning, [...]

Fri, 06 April 2018

PIB: NNPC wants consultants to make bold recommendations


The Nigerian National Petroleum Corporation, NNPC, has charged its consultants on the Petroleum Industry Reform Bill, PIB, to take a comprehensive look at issues in the oil and gas sector and make bold recommendations for enduring reforms.

A statement by the corporation sa [...]

Fri, 06 April 2018

Metering: Electricity consumers to pay extra service charge

As the federal government prepares for the enforcement of the new Meter Asset Provider Regulations 2018, about a week from now, customers metered under the new arrangement will have to pay what government terms ‘Metering Service Charge’.

The additional charge follows the unveiling o [...]

Sat, 24 March 2018

Sale of national assets pointless - RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has again warned against the outright sale of the nation’s national assets, saying such move will only enrich the buyer at the expense of the country.

It said the proposed reduction of government’s equity in the Niger [...]

Sat, 24 March 2018

FG saves N68bn on personnel cost in 2017

The federal government said it has saved at least N68billion on personnel cost in 2017 alone, through the implementation of the Integrated Personnel and Payroll Information System.

The Minister of Finance, Mrs. Kemi Adeosun, made the disclosure during her presentation of "Status Update on [...]

Sat, 24 March 2018

FIRS grows tax revenue by N700bn in 2years

The Federal Inland Revenue Service said it has fast-track tax payment compliance and raise tax revenue by over N700billion in the last two years through the deployment of Information and Communications Technology.

The Executive Chairman of the agency, Mr. Babatunde Fowler, disclosed this at the [...]

Sat, 24 March 2018


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