archiveOctober 17, 2019

The Institute of Chartered Accountants of Nigeria (ICAN), on Thursday in Abuja inaugurated the Nigerian Integrated Reporting Committee (NIRC). The ICAN President, Mr Nnamdi Okwuadigbo said the event signified the beginning of adoption and promotion of integrated reporting in the country. An integrated report is a concise communication about how...

  The National Insurance Commission (NAICOM) has charged insurance companies to invest in technology in order to effectively key into the financial inclusion target of the Federal Government. Mr Sunday Thomas, NAICOM Acting Chief Executive Officer, gave the charge at the 2019 Insurance Professional Forum organised by the Chartered Insurance...

The market capitalisation of the Nigerian Stock Exchange (NSE) closed lower on Thursday, dropping by N8 billion. Specifically, the market capitalisation which opened at N12.886 trillion dipped by 0.06 per cent or N8 billion to close at N12.878 trillion. Also, the All-Share Index lost 15.91 points or 0.06 per cent...

      The House Committee on Power has queried the ₦127 billion 2020 budget allocation to the Ministry of Power. The committee, chaired by Rep. Aliyu Dau (APC-Kano), queried the Minister of Power, Mr Saleh Mamman and the Permanent Secretary, Mr Louis Edozien during the ministry’s budget defence on...

President Muhammadu Buhari has ordered a forensic audit of the operations of the Niger Delta Development Commission (NDDC) from 2001 to 2019. Receiving governors of the states that make up the Commission, led by Governor Seriake Dickson of Bayelsa State on Thursday in Abuja, President Buhari said what is presently...

The Federal Government is considering introducing excise duties on carbonated drinks, according to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Ahmed gave the indication in an interview with newsmen on Thursday on the sidelines of the ongoing World Bank/IMF Annual Meetings in Washington DC, United States....

  FG, N2293.801bn; States, N186.816bn; LGAs, N140.864bn   The Federation Account Allocation Committee (FAAC) has shared a total of N693.529 billion to the three tiers of Government for the month of September 2019. The amount shared comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory Revenue. The...

  As Irona inaugurates committee Committee for the organization of Security Summit for the oil producing Local Government Areas of Ohaji/Egbema and Oguta in Imo State has been inaugurated, even as October 25, 2019 is fixed for the event. Deputy Governor of Imo State, Engr. Gerald Irona, who inaugurated the...

  Says this is a true Nigerian story of hope, honesty and unity   The coming together of communities in Hadari Emirate district in Kokona LGA of Nasarawa State to form a farming settlement for the production of livestock and crop products, under the auspices of the Nigerian Farmers Group...

Former Commissioner of Economic Planning and Budget, Mr. Olusegun Banjo and his Energy and Mineral Resources counterpart, Mr. Olawale Oluwo in the administration of former Governor Akinwunmi Ambode have denied reports that they indicted Ambode before an ad-hoc committee of the State House of Assembly. The Accountant-General of Lagos State,...