archiveNovember 7, 2017

  The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.22 per cent on Tuesday while the Year-to-Date return stood at 37.73 per cent. The All-Share Index closed at 37,013.57 against the previous close of 36,930.83 while Market Capitalization closed at ₦12.810 trillion against...

  Budget size: N8.612 trillion (16% higher than 2017 estimates)   Assumptions, projections ================== Benchmark crude oil price-US$45 per barrel Oil production estimate – 2.3 million barrels per day Exchange rate – N305/US$ for 2018 Real GDP growth of 3.5 per cent Inflation Rate of 12.4 per cent   Expenditure...

...Moves against payroll fraud, says government won’t succumb to blackmail ...Judicial Commission behind sitting The Bayelsa State Government on Tuesday took the first major step to implement the comprehensive reforms in the state’s civil service. Consequently, the government has withheld the salaries of 4,204 suspects from the eight Local Government...

  …Ministry to crosscheck tax declarations by Nigerian users of offshore tax havens The Honourable Minister of Finance, Mrs. Kemi Adeosun, advised Nigerians to review any existing tax planning schemes, including those in offshore tax havens, in order to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS)...

  *Says Nigeria’s recent ranking by World Bank, evidence of productive collaboration anchored by FG's ease of doing business initiative. ``It is a reformed ecosystem that we need to have. We need a new tribe of Nigerians in the public sector, in the private sector and everywhere.’' ``We don’t recognize...

President Muhammadu Buhari on Tuesday in Abuja presented about N8.612 trillion as the 2018 Appropriation Bill to a joint session of the National Assembly, saying the projected expenditure will drive rapid economic recovery. He said at the session that with a benchmark of 45 dollars per barrel at an exchange...

  Says foreign debts not good for economy Federal Government should ensure that a large part of the of the N8.6 trillion budget for 2017 targets infrastructure, Chief Executive Officer, BudgiT, a civic organization promoting transparency in governance,  Seun Onigbinde, has said. Speaking on Tuesday during the maiden edition of...