FG generates N17bn from VAIDS

Babatunde Fowler,Chairman FIRS

The Federal Inland Revenue Service (FIRS) says that the Federal Government has realised the sum of N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr Babatunde Flower, the FIRS Executive Chairman, said this in Lagos on Wednesday, at a media workshop on VAIDS. Flower said that the N17 billion was voluntarily More...

by metro | Published 4 hours ago
CBN
By metro On Wednesday, December 13th, 2017
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CBN injects $210 mln into currency market

Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement More...

Debt Management Office
By metro On Tuesday, December 12th, 2017
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FG set to redeem N198 billion treasury bills in December

The Debt Management Office (DMO) says it will repay the N198.03 billion Nigerian Treasury Bills fully at maturity in December 2017. A statement from the office made available to the News Agency of Nigeria (NAN) More...

Kemi Adeosoun
By metro On Tuesday, December 12th, 2017
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Federal govt releases another N750 billion 2017 capital votes – Kemi Adeosun

The Finance Minister Kemi Adeosun yesterday announced the release of another tranche of N750 billion for the execution of projects captured in the 2017 fiscal plan. Meanwhile the sum of N450 billion had earlier More...

Chao Xiaoliang
By metro On Tuesday, December 12th, 2017
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China-Nigeria bilateral trade hit $2.7b – envoy

The Consul General of the Peoples’ Republic of China to Nigeria, Mr. Chao Xiaoliang has disclosed that China-Nigeria bilateral trade cooperation has hit $2.7 billion dollars and in line with the fundamental and More...

Kemi Adeosoun
By metro On Monday, December 11th, 2017
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2017 budget: FG to release fresh N750bn for capital projects

The Federal Government on Monday said the sum of N750bn would be released this week to Ministries, Departments and Agencies of government for implementation of capital projects contained in the 2017 budget. The More...

Ambode
By metro On Monday, December 11th, 2017
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Lagos budget hits N1.04trn

Lagos State governor Akinwunmi Ambode on Monday presented the 2018 budget of N1.046 trillion to the state House of Assembly. The budget, tagged: “Budget of Progress and Development” is 28.67 per cent higher More...

MMA
By metro On Friday, December 8th, 2017
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Nigerian Airlines Shun Expatriate Pilots, Save over N5bn Annually

Nigerian airlines may have saved over N5billion annually by rejecting foreign technical personnel, especially pilots and engineers. Economic hardship, outrageous salaries and allowances paid to expatriate pilots More...

By metro On Friday, December 8th, 2017
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Fitch cuts Nigeria’s 2017 GDP growth forecast to 1 pct

Fitch has cut its 2017 economic growth forecast for Nigeria to 1 percent from 1.5 percent, the ratings agency said on Friday. Nigeria returned to growth in the second quarter of 2017 after shrinking by 1.5 pct in More...

PENGASSAN
By metro On Thursday, December 7th, 2017
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PENGASSAN threatens nationwide strike

Nigeria’s Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), one of the country’s two main oil unions, threatened on Thursday to stage a nationwide strike from Dec. 15 over a “mass More...