President of the Senate, Ahmad Lawan, has said that the National Assembly would mount more pressure on revenue generating agencies to ensure that they remit N1 trillion naira in revenues annually, to enable the federal government fund its budget. Lawan stated this on Wednesday in his remarks after the chamber approved President Muhammadu Buhari’s submission…
Dangote Cement Plc has emerged as the highest corporate income taxpayer and biggest employer of labour in the country for the year 2020. The foremost indigenous cement manufacturer came first among top 100 elite companies listed on the Nigeria Exchange (NGX) posting into the coffer of the federal government a princely sum of N97.24billion in…
The management of NASCO group has refuted claims that the firm and its founder, late Ahmed Nasreddin has been involved in terrorism financing in Nigeria and across the world. NASCO group denied the allegation in a statement on Tuesday titled ‘NASCO Rejects Irresponsible & Fake Journalism.’ The Management noted the defamatory and slanderous contents of…
Africa-Re’s partnership with IFC (A member of the World Bank group) in March 2019 is strategic and symbolic. The Partnership aims at providing technical support to insurance companies for their agricultural line by using index-based agricultural insurance. This no doubt will trigger innovative and more efficient solutions for small farmers, help them mitigate effects of…
President Muhammadu Buhari would on Thursday present the 2022 budget to a joint session of the National Assembly. The Deputy Senate President, Ovie Omo-Agege, gave the hint on Tuesday after reading and referring President Muhammadu Buhari’s submission of the revised 2022-2024 Medium Term Fiscal Framework to the Committee on Finance for legislative input. President Buhari…
The Senate has confirmed the appointment of five nominees as members of the Economic and Financial Crimes Commission (EFCC) Board. The confirmation followed the consideration of a report by the Committee on Anti-Corruption and Financial Crimes. The Senate received a request from President Muhammadu Buhari on September 21, 2021, to confirm the appointments of the…
Lagos State Government on Monday demanded for one percent share in the revenue allocation formula, maintaining that the special status of the State and its prosperity directly or indirectly has multiplying effects on the South-West region and the entire country. The Government also proposed that the revenue sharing formula should be 34 percent for Federal…
The Ogun State Government has pulled down a block of classrooms at Nazareth High School, Imeko in Imeko Afon Local Government Area of the state. The building which recently became distressed and partially collapsed on a group of students killing one and injuring two others in the process was demolished over the weekend on the…
Lagos State Government, on Sunday, read the riot act to night clubs, bars and lounges, especially those in the Lekki axis, to desist from noise pollution or risk being shut. A statement signed by the Commissioner for the Environment and Water Resources, Mr. Tunji Bello, said enforcement raids were carried out on some nightclubs in…
Dangote’s 650,000 barrels-per-day (bpd) oil refinery project has been identified as one of the oil distillation companies that would boost global refining capacity by 6.9 million barrels per day between 2021 and 2026. The Organisation of the Petroleum Exporting Countries (OPEC), which made this disclosure in its 2021 World Oil Outlook released recently, said Africa’s…