Nigeria spent N1.47trillion on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the country spent N1.02trillion on both domestic and external debt servicing,…
The proposed review of revenue allocation formula between the three tiers of government is not intended to change the fiscal arrangement of the country. The declaration was made in Lagos on Tuesday by the Chairman of the Revenue Mobilisation Allocation and…
Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh says the Federal Government has approved zero import duty for ship owners to acquire vessels. Jamoh disclosed this in a session at the maiden edition of the Nigeria…
The Lagos Chamber of Commerce and Industry (LCCI) has anticipated an improvement in the third and fourth quarters growth performance of the economy this year, largely on account of low base effect arising from Q3 and Q4-2020’s performance. President LCCI,…
The Federal Government has restated its commitment to restore payments to pensioners on its priority list as well as clearing the backlog of arrears inherited from previous administrations, under both the contributory and defined benefit pension schemes. Mr Boss Mustapha,…
…my administration will invest greatly in technology — Sanwo-Olu …confirms Coker-Odusote as substantive General Manager of LASIMRA Lagos State Governor, Mr. Babajide Sanwo-Olu on Tuesday pledged his administration’s commitment to greatly invest in technology, which according to him is critical…
The Nigerian Communications Commission(NCC), has recently hosted stakeholders to a public inquiry to tackle issues facing the telecommunications industry in Nigeria and strengthen national security. Delivering a speech on behalf of the Executive Vice-Chairman of NCC at the public inquiry,…
By Gloria Akudoro, Abuja. The Minister of Communications and Digital Economy Professor Isa Ali Ibrahim Pantami has said that the establishment of Computer Emergency Response and Readiness Team, (CERRT) will reduce cyber-attacks and make Nigeria’s Cyberspace safer. The Minister stated…
…Sanwo-Olu reiterates demand for Special Status …as Abiodun canvasses increment in states’ allocation to 45 per cent Lagos State Government on Monday demanded for one percent share in the revenue allocation formula, maintaining that the special status of the State…
By Idris Bakare Millions of Nigerians groan as social media platforms such as Facebook, Instagram, WhatsApp suffered temporary shutdown yesterday. The three famous social media platforms – WhatsApp, Instagram and Facebook – stopped functioning on Monday evening. Other products related…
