Month: December 2017
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FG, States, LGs share N609.95bn November revenue
By Aaron Ossai with agency reports The Federation Account Allocation Committee (FAAC) distributed N609.95 billion to Federal, States and Local Governments as revenue generated in November, the Accountant General of the Federation, Mr. Ahmed Idris has said. The amount is N77.25 billion more than what it shared in October. According to Idris, after the cost…
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Poor Procurement Practice Worries Institute
By Aaron Ossai with agency report The President, Chartered Institute of Purchasing and Supply Management of Nigeria (CIPSMN), Alhaji Abdulhamid Oyewo has called for proper procurement process in Nigeria in line with the Procurement Act of 2007. Oyewo who made the call at the 8th Annual General Meeting (AGM) of the institute in Abuja said…
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Maiden N10.69bn Green Bond to be listed on NSE, FMDQ – DMO
By Our Correspondent The Debt Management Office (DMO) has said that Federal Government’s maiden N10.69 billion Green Bond, when concluded, would be listed on the Nigerian Stock Exchange (NSE). Bonds are debt instruments issued by government or a company which represents a fixed sum of money that is borrowed while Green Bonds are debt instruments…
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Banking sector records transactions worth N19.33trn in Q3 – NBS
By Our Correspondent The National Bureau of Statistics (NBS) says 213.69 million transactions valued at N19.33 trillion are recorded in the third quarter as data on Electronic Payment Channels in the banking sector. The NBS stated this in a report on “Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels, Deposits and Domestic Credit…
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Niger proposes N128.10b people’s budget for 2018 fiscal year
BY MAIRIGA Juliana, Minna Governor Abubakar Sani Bello of Niger state has presented a budget estimate of, N128.10 billion for the 2018 fiscal year against the current year’s N108, 074, 298, 251. 00 to the State House of Assembly The next years’ budget which surpassed that of 2017 by about N19 billion higher has a…
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How we defeated Boko Haram- Air Force Chief
By Sule Aliyu, Bauchi The Chief of Air Staff Air Marshal Saddique Abubakar, has explained that the establishment of the Special Operations Command by the Nigerian Air force (NAF) equipped the air force to weaken the capabilities and threats of the Boko Haram insurgency. Abubakar said the employment of Special Operations has effectively tackled the threats posed…
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Time not yet ripe to declare my stand on 2019 – Tambuwal
By Najem Francis, Sokoto The Governor of Sokoto State, Barrister Aminu Waziri Tambuwal has said that the time was not yet ripe to declare his stand on the upcoming 2019 general elections. The governor, who spoke during an interactive session with correspondents, said those clamouring for political activities should know that governance and political activities…
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Aisha Buhari Trains 1,000 Women and Youth on Skills acquisition
By Sule Aliyu, Bauchi The wife of the President Hajiya Aisha Muhammad Buhari the founder of Future Assured Programme has trained over 1,000 Youths and Women on skills acquisition in Bauchi state. Mrs Buhari particularly called on Northern women to go back to school to acquire Western education in view of the growing global trends,…
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Reps Threaten Arrest of 10 Oil Firm Bosses over $250m Unremitted Funds
By Our Correspondent The House of Representatives Committee on Oil and Gas has threatened to issue warrant of arrest on Managing Directors of 10 oil firms, if they failed to appear before it on Thursday to account for unremitted 250 million dollars to the Federal Government’s purse. The Chairman of the committee, Hon. Jerigbe Agom…
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50 prison inmates to write 2018 UTME
By Our Correspondent with agency reports No fewer than 50 prison inmates will sit for the 2018 Unified Tertiary Matriculation Examination (UTME), according to an official. The Principal, Ikoyi Prisons School, Mr Idris Ibikunle who disclosed said the school has prepared the inmates well for the examination as officials of the facility have stepped up…
