Is FAAC Sharing Formula Lopsided, Aiding Poverty?
The Federation Accounts Allocation Commission (FAAC) is saddled with the responsibility of sharing Nigeria’s revenue amongst the tiers of government, using a sharing formula that has been agreed on by…
Global Markets-Euro, Shares Weaker After Fed Hints
A retreat in expectations for further monetary easing in Europe and the United States sent stock markets lower on Thursday. Meanwhile, the euro neared a one-week low ahead of a Spanish…
4 Ships Berth In Lagos Ports – NPA
The Nigerian Ports Authority (NPA) on Tuesday said 24 ships have berthed at the Lagos ports and oil jetties discharging their cargoes. The "Shipping Position", an official document of the NPA,…
FG Slashes 2012 Budget By N100 Billion Following Partial Removal Of Subsidy
The Federal Government has cut down the 2012 budget by N100 billion following the partial deregulation of the downstream sector of the petroleum industry. This was contained in a statement issued…
FG Should Use Savings From Budget Cut For Meaningful Devt – CITN
The Chartered Institute of Taxation of Nigeria (CITN) yesterday in Lagos urged President Goodluck Jonathan to ensure that the planned reduction in the 2012 federal budget would translate into meaningful…
Adejuwon Wants ECOWAS Member Countries To Promote Trading Among Themselves
Mr David Adejuwon, the Director, Ministry of Trade and Investment, has called on ECOWAS member countries to embark on viable economic relations among themselves. Adejuwon, who made the appeal on Thursday…
Nigeria To Licence 2.3GHz, 2.6GHz Spectra
The Nigerian Communications Commission (NCC) said it would auction digital licence in the 2.3GigaHertz (GHz) and 2.6GHz spectra to increase broadband access and make internet pervasive across the country in…
LottPery Commission Lauds Ecobank Transparency
The National Lottery Regulatory Commission (NLRC) has commended the transparent manner in which the draws for the Ecobank’s Salary Account Domiciliation Promotion were conducted. The commendation was made at the prize…
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