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Finance

TAX REFORM LAWS: New Laws Will Ensure Nigeria’s Prosperity – Tinubu 

By Festus Fifen After Rigorous debates and public hearing sessions, President Bola Tinubu on Thursday signed into law the four new tax bills recently passed by the National Assembly, describing the new laws as pivotal to the success of the administration’s reforms and the country’s prosperity. According to a statement by the Special Adviser to... Read More
Africa News, Breaking News, Business, Business, Finance, Governance, Nigeria Capital, Nigeria News, Politics

2025 BUDGET: WIKE DEFENDS N1.78 TRILLION STATUTORY BUDGET BEFORE NATIONAL ASSEMBLY

By Festus Fifen The Nigeria Federal Capital Territory Minister, Ezenwo Nyesom Wike, has defended the N1.78 trillion 2025 statutory Budget of the administration before the both chambers of the National Assembly.   In separate presentations,on Wednesday, May 21, the FCT Minister highlighted that a significant 72.30% of the total proposed budget, amounting to N1,289,690,124,776, was... Read More
Africa News, Breaking News, Business, Finance, Nigeria Capital, Nigeria News

INFRASTRUCTURE DEVELOPMENT: FCT Lottery Office Moves to Utilise Gaming sector Revenue For Abuja’s Development

By Festus Fifen. The Nigeria Federal Capital Territory Administration’s Lottery Regulatory Office (FCT-LRO) has said is set to harness the economic potential of the gaming sector for the development of the FCT, while pursuing the objective of enhancing the industry’s reputation. The Director General of the FCT Lottery Regulatory office, Mr. Lanre Gbajabiamila, who stated... Read More
Africa News, Breaking News, Business, Finance, Nigeria Capital, Nigeria News, Politics

NASS Commends FIRS for Achieving N21.6 trillion Revenue Generation in 2024 , Set N25 Trillion Projections for 2025

By Festus Fifen The National Assembly through its Joint Committee on finance on Wednesday Commended the Executive chairman Mr Zacch Adedeji and members of staff of the Federal Inland Revenue Service (FIRS) for surpassing the revenue collection Projections for 2024 from 19.4 trillion to 21.6 trillion. The Budget defence session was like a commendation galore... Read More
Africa News, Breaking News, Business, Business, Finance, Nigeria Capital, Nigeria News, Politics

2025 BUDGET : NASS Proposes N12trillion Revenue Projection for Customs , N180billion for NDIC 

By Festus Fifen The National Assembly through its joint committee on Finance has jerked up revenue projections for Nigeria Customs Service ( NIS ) from proposed N6.5trillion to N12 trillion in the 2025 fiscal year. The joint committee also jerked up that of the Nigeria Deposit Insurance Corporation ( NDIC ) from N163.3billion to N180billion.... Read More
Africa News, Breaking News, Business, Finance, Governance, Nigeria Capital, Nigeria News, Politics

Enforcement of Third -Party Vehicle Insurance to Commence in February – IGP EGBETOKUN

By Festus Fifen The Nigeria Inspector-General of Police (IGP), Kayode Egbetokun has announced February 1st 2025 as the Commencement date for the enforcement of third-party Vehicle insurance nationwide. IGP Egbetokun who stated this today January 10, 2025 when he received the Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin and his team... Read More
Africa News, Breaking News, Business, Crime, Finance, Governance, Nigeria Capital, Nigeria News, Police

2025 BUDGET: Senators Sets January 31st for Passage Tentatively, Agrees to Suspend Plenary For Two Weeks on Resumption

By Festus Fifen. The Nigeria Senate has set January 31st 2025 as the tentative date fixed for laying of reports on the 2025 Appropriation bill separately before the Senate and the House of Representatives respectively. This is as both Chambers of the National Assembly has agreed to commence consideration of N49.7trillion 2025 budget at committee... Read More
Africa News, Breaking News, Business, Finance, Governance, Nigeria Capital, Nigeria News, Politics

Nigeria’s $42.01bn External Reserves Can Finance Goods Importations For Nine Months – Cardoso

…Assures Nigerians of better economic fortunes in 2025 By Festus Fifen. The Central Bank of Nigeria says the current $42.01 billion external reserves of the country, can finance importation of goods and services for more than nine months using the medium to assure Nigerians of better economic fortunes in 2025 . The CBN Governor Mr... Read More
Africa News, Breaking News, Business, Finance, Governance, Nigeria Capital, Nigeria News, Politics

NDIC Begins Auction Process of Heritage Bank Assets

By Ossom Raphael The Nigeria Deposit Insurance Corporation (NDIC), has commenced process for the auction of landed properties and chattels of the failed Heritage bank. This is in a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Bank. This exercise, according to a statement by NDIC spokesperson Mr. Bashir... Read More
Africa News, Breaking News, Business, Business, Finance, Governance, Nigeria Capital, Nigeria News
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