By Yunus Yusuf The Director-General of the Budget Office of the Federation, Mr Tanimu Yakubu, has underscored the need for continuous training in the use of the GIFMIS/BPS system for efficiency. The News Agency of Nigeria (NAN) reports that GIFMID/BPS is Government Integrated Financial Management Information System BudgetContinue Reading
By Salif Atojoko President Bola Tinubu says his administration is retooling the economy through necessary reforms to serve Nigerians better and more sustainably. The President said this in his Independence Day broadcast on Tuesday. “If we do not correct the fiscal misalignments that led to the current economic downturn, ourContinue Reading
By Rukayat Moisemhe Stakeholders have advocated legal and regulatory structures aimed at addressing business recovery challenges for economic growth, financial stability and long-term recovery. They made the call at the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) annual international conference on Thursday in Lagos. The News AgencyContinue Reading
By Ginika Okoye The Central Bank of Nigeria (CBN) has advised bank customers to ensure they properly understand any bank product before subscribing to them. Mohammed Muazu, the Head Complaints Management Division, Consumer Protection Department of the CBN, said this in Lagos on Friday. He gave the warning at theContinue Reading
By Philip Yatai Presidential Fiscal Policy and Tax Reform Committee says it will use the Federal Capital Territory (FCT) as a model in the implementation of harmonisation of taxes in the country. The Chairman, Mr Taiwo Oyedele, disclosed this during a meeting on harmonisation of revenue administration in Abuja onContinue Reading
By Rukayat Moisemhe Economic experts have highlighted the need to explore the frontiers that the Nigerian non-metallic industry presented as part of the country’s economic diversification agenda. The experts spoke at the 2024 Annual General Meeting of the Non-Metallic Mineral Products Sectoral Group of the Manufacturers Association ofContinue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says the unemployment rate in Nigeria increased to 5.3 per cent in Q1 2024 from the 5.0 per cent recorded in Q3 2023. The NBS said this in its Nigeria Labour Force Survey for Q1 2024, released in Abuja on Tuesday.Continue Reading
By Lucy Ogalue Stakeholders at the Abuja International Trade Fair (AITF) have stressed the importance of efficient transportation networks in driving business success and ensuring economic growth. The emphasis was made during the official opening of the AITF in Abuja, where the theme “Mobility: Options for Transportation, Trade Financing, andContinue Reading
By Okeoghene Akubuike Dr Jobson Ewalefoh, the Director-General of Infrastructure Concession Regulatory Commission (ICRC) has said that the construction of the 3.5 billion dollar Bakassi Deep Seaport would soon begin. This is contained in a statement issued by Ifeanyi Nwoko, ICRC’s Acting Head of Media and Publicity in Abuja onContinue Reading
By Martha Agas The Federal Government has signed a Memorandum of Understanding (MoU) with the Russian firm, Tyazhpromexport (TPE), the original builders of the Ajaokuta Steel Plant, and members of its consortium in Moscow. The move is part of President Bola Tinubu’s administration’s efforts to resuscitate the steel company andContinue Reading
