archiveMay 2018

*Urges boundary commission to be more creative, innovative in addressing emerging border challenges “Permit me to mention that the role of the Commission given the numerous border challenges has to be more creative and innovative. Every nation attends to the peculiarities of its border issues with solutions that are nuanced,...

The National Bureau of Statistics (NBS) on Monday said Nigeria’s sectoral distribution of Value Added Tax (VAT) reflected that the sum of N269.79 billion was generated as VAT in Q1 2018 as against N254.10nbillion generated in fourth quarter of 2017. The report by NBS said, a total of N221.38 billion...

  The benchmark All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) recorded its third consecutive session of loss, falling by 0.12 per cent to close at 40,425.07 points on Monday, its lowest since January 9, 2018. Similarly, the equities market capitalisation fell by N17 billion or 0.12 percent to...

  The Lagos State Government on said Monday that it has so far achieved an average monthly Internally Generated Revenue (IGR) of N34 billion in 2018 compared to monthly averages of the last three years. Commissioner for Finance, Mr. Akinyemi Ashade, disclosed this at the ongoing annual Ministerial Press Briefing...

The National Bureau of Statistics (NBS) reports that Nigeria recorded a growth in its Gross Domestic Product (GDP) by 1.95 per cent in the first quarter of 2018. It added that the figure showed a stronger growth when compared with the -0.91 per cent in the first quarter of 2017,...

  Ohanaeze Ndigbo, a socio-cultural umbrella of Ndigbo, has called for the adoption of a six-year rotational single tenure for the president and governors of 36 states in the country. It also demanded creation of one additional state in the South-East geo-political zone, scrapping of local government system and resource...

The Director-General of Debt Management Office (DMO), Patience Oniha, said on Monday that the Federal Government must take loans to fund the budget and capital projects. Nigeria’s total public debt stock stands at N21.73 trillion as at the end of December 31 last year. Oniha spoke at the International Monetary...

  A leading Pentecostal church in the country, the Redeemed Christian Church  of God (RCCG) has issued a directive compelling members intending to get married to subject themselves to what it called: “genital test.” The directive, the church said, was intended as a measure against “the recurrence of cases of...

  The Federal Government of Nigerian has said that 15 revenue generating agencies failed to remit N8.1 trillion to the Federation Account between 2010 and 2015. The Minister of Information and Culture, Alhaji Lai Mohammed made the revelation on Monday in Osogbo, Osun State, while commissioning the Channelization, De-silting, Flood...

  No fewer than 27 aspirants will contest All Progressive Congress (APC) governorship primary election in Osun, Chairman of the party in the state, Mr Gboyega Famodun, has said. Famodun, who disclosed this in a meeting with the aspirants on Monday in Osogbo, said that the aspirants could engage in...