Nigeria’s cash-strapped government will likely do everything to meet its big-on-paper-light-on-impact budgets except one: cut its administrative cost. As the government deals with budget deficits year after year, it prefers …
Business
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The Senate has approved President Muhammadu Buhari’s loan request for the sum of $16,230,077,718 (USD) billion, €1,020,000,000 billion (Euros), under the 2018-2020 External Borrowing plan. Also approved was a grant …
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Business
Court stops FG’s alleged bid to deduct $418million from state governments account
by editorby editorBy Yemi Oyeyemi, Abuja Justice Inyang Ekwo of the Federal high court Abuja on Friday stopped the federal government from going ahead to deduct $418million from the bank account of …
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Business
N20bn bailout: Kogi Commissioner claims Sterling bank opened account without Govt consent
by editorby editorBy Friday Idachaba (NAN) The Kogi Commissioner For Finance, Budget and Economic Planning, Asiwaju Idris Asiru, has alleged that Sterling Bank opened the controversial fixed deposit account in the name …
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Business
The real story behind a tech founder’s ‘tweetstorm that saves Christmas’
by editorby editorA wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm …
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Business
South Africa firm, Multichoice Africa, owners of DSTV, GOtv, loses legal battle over $342M tax to FIRS
by editorby editorBy Yemi Oyeyemi, Abuja The long drawn legal battle between the South African Company, Multichoice Africa Holdings B.V with the Federal Inland Revenue Services (FIRS) over the disputed $342M tax …
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Business
Updated: At eNaira launch in Abuja, Buhari says Nigeria’s GDP can increase by $29b
by editorby editorPresident Muhammadu Buhari has officially launched the eNaira platform and says the adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called block chain, can increase Nigeria’s …
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Abia transporters are begging IPOB for palliatives to ease the economic hardship they are going through, claiming that they lose millions of naira because of the weekly sit-at-home order in …
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President Muhammadu Buhari will, Monday October 25, 2021, depart for Riyadh, Saudi Arabia, to participate in the investment conference organized by the Future Investment Initiative Institute. The President, according to …
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Business
Senior lawyer, Ahmed Raji, asks FG to introduce Wealth Tax to relief Nigerians of poverty
by editorby editorBy Yemi Oyeyemi, Abuja. An Abuja-based Senior Advocate of Nigeria SAN, Malam Ahmed Adeniyi Raji, has called on the Nigerian government to immediately introduce a Wealth Tax Policy that will …