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The Minister of Finance, Dr Ngozi Okonjo-Iweala, said on Thursday that N14.2 billion has been saved on personnel cost through the Integrated Payroll and Personal Information System (IPPIS). She made this known in Abuja at the ministerial platform to co...
Mr Gimba Kumo, the Managing Director of Federal Mortgage Bank of Nigeria, (FMBN) has said that the bank will soon undergo reforms to enable it realise its primary aim. Kumo was speaking on Thursday in Abuja, while answering questions from newsmen at th...
The Chartered Institute of Taxation of Nigeria (CITN) has advised the Federal Government to allow all states of the federation to be fiscally independent. The CITN Registrar, Mr Jayeoba Abayomi, told the News Agency of Nigeria (NAN) in Lagos on Thursda...
The nation’s consumer inflation rose to 12.1 per cent year-on-year in March, compared with 11.9 per cent year-on-year in February, driven by higher food prices, the National Bureau of Statistics said yesterday. “The increase in the he...
No developing nation will attain the Millennium Development Goals on reduction of child mortality, a World Bank Global Monitoring report (GMR) 2012 has revealed. The report , released at the ongoing Spring Meeting of the World Bank and the Internationa...
Nigeria transferred N474.34 billion to its Excess Crude Account (ECA) in February and March, Dr Yerima Ngama, the Minister of State for Finance, said in Abuja on Friday. He told to newsmen after the monthly Federation Account Allocation Committee meeti...
The Nigerian Ports Authority says it has removed 24 critical wrecks from Lagos channels. Chief Micheal Ajayi, NPA General Manager (Public Affairs), disclosed this to the News Agency of Nigeria (NAN) on Wednesday in Lagos. Ajayi said that the draught of...
Dr Ngozi Okonjo-Iweala, Coordinating Minister for the Economy, yesterday in Abuja said the growth collectible revenue estimated in 2012 budget was N9.692 trillion. Okonjo-Iweala, who gave the figure at the 2012 budget presentation organised by the Budg...
Minister of State, Finance Dr. Yerima Ngama, said in Abuja yesterday that Ministries, Departments and Agencies (MDA) achieved 80 per cent implementation of the 2011 budget. Yerima made the observation on the occasion of the public presentation of...
The African Development Bank (AfDB) says its vision of stable and vibrant African economies by 2022 will be predicated on policy choices made by regional member countries. Ousman Dore, Resident Representative of the bank in Nigeria, stated this ...
Dr Ifueko Omoigui-Okauru, the outgoing Chairman of the Federal Inland Revenue Service (FIRS), says a strong foundation has been laid for the Nigerian tax system, in spite of some challenges. Omoigui-Okauru, who said this at a media briefing on Friday i...
The World Bank says it is ready to partner with the Cross River Government to tackle youth unemployment. Prof. Foluso Okumadewa, the bank's task team leader of the in charge of Community Social Development Projects (CSDP), gave the assurance ...
Contrary to claims by the Joint Senate Committee on Establishment and Public Service and States and Local Government Administration, chaired by Senator Aloysius Etok, that its preliminary findings revealed the illegal transfer of the sum of N3bil...
In a bid to consolidation its position in pension fund administration, Sigma Pensions Limited has concluded plans to acquire two Pension Fund Administrators (PFAs) who are unable to meet the June 30, 2012, recapitalisation deadline. The Company, Shareh...
In continuance of the tight liquidity management stance, the Central Bank of Nigeria (CBN) plans to issue N917.7 billion of new treasury bills in the Primary Market Auction for the second quarter 2012. The apex bank is also repaying N763.38 billion mat...