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Two weeks after curtain fell on United Nations Climate Change Conference, COP26 in Glasgow, Nigeria's staunch commitment to net-zero emissions plans -- described as a false solution pushed by polluting entities to evade responsibility on the climate crisis has been unsettling. On top of that, the country’s inconsistent net-zero targets have set tongues wagging and…
November 26, 2021
As the federal government's plan to remove fuel and electricity subsidies by mid-2022 has been generating widespread criticism from a cross-section of Nigerians, the Nigerian Labour Congress , NLC, has warned of dire consequences. On Tuesday, Minister of Finance, Budget and National Planning, Zainab Ahmed, announced that the federal government led by President Muhammadu Buhari…
November 25, 2021
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. Ahmed made this known virtually at the Institute of Directors (IoD) 2021 Annual Directors Conference which held…
November 25, 2021
Lagos State Governor, Mr. Bababjide Sanwo-Olu, on Wednesday, presented a proposed 2022 Appropriation Bill pegged at N1.388 trillion this members of the state House of Assembly. In the budget, tagged 'Budget of Consolidation'. N564.9 billion was earmarked for recurrent expenditure while capital expenditure was pegged at N823.5 billion. The 2022 budget estimate is a bit…
November 24, 2021
The Federal Government has announced its decision to disburse N5000 per month as transportation grant to 30-40 million Nigerians that are "deserving" of it, to cushion the effect of the energy subsidies' removal that is currently looming over the country. The Minister of Finance, Budget and National Planning, Zainab Ahmed made this announcement in Abuja on…
November 23, 2021
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also unanimously agreed to hold all…
November 23, 2021
Nigeria should end its expensive fuel subsidy regime within three to six months, the World Bank said on Tuesday. Reuters reported that the bank advised that the removal of the subsidy must be accompanied by “aggressive reform effort” that “could contribute more to growth than a sustained period of high oil prices.” Africa’s largest economy devotes…
November 23, 2021
Senior Advocate of Nigeria (SAN), Mr Femi Falana, has called out to the Federal Government to outrightly reject the recent advise given by the International Monetary Fund (IMF), asking it to remove fuel and electricity subsidies in early 2022. The legal luminary who condemned the advise of the Bretton woods institution described it as capable…
November 21, 2021
Nations that are home to the largest tobacco corporations need to contribute more if countries are to recoup the US$47 billion lost to the illicit tobacco trade each year. That is the message that rang out of talks around the Protocol to Eliminate Illicit Trade in Tobacco Products which ended yesterday. The message from anti-tobacco…
November 19, 2021
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Two weeks after curtain fell on United Nations Climate Change Conference, COP26 in Glasgow, Nigeria's staunch commitment to net-zero emissions plans -- described as a false solution pushed by polluting entities to evade responsibility on the climate crisis has been unsettling. On top of that, the country’s inconsistent net-zero targets have set tongues wagging and…
November 26, 2021
As the federal government's plan to remove fuel and electricity subsidies by mid-2022 has been generating widespread criticism from a cross-section of Nigerians, the Nigerian Labour Congress , NLC, has warned of dire consequences. On Tuesday, Minister of Finance, Budget and National Planning, Zainab Ahmed, announced that the federal government led by President Muhammadu Buhari…
November 25, 2021
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. Ahmed made this known virtually at the Institute of Directors (IoD) 2021 Annual Directors Conference which held…
November 25, 2021
Lagos State Governor, Mr. Bababjide Sanwo-Olu, on Wednesday, presented a proposed 2022 Appropriation Bill pegged at N1.388 trillion this members of the state House of Assembly. In the budget, tagged 'Budget of Consolidation'. N564.9 billion was earmarked for recurrent expenditure while capital expenditure was pegged at N823.5 billion. The 2022 budget estimate is a bit…
November 24, 2021
The Federal Government has announced its decision to disburse N5000 per month as transportation grant to 30-40 million Nigerians that are "deserving" of it, to cushion the effect of the energy subsidies' removal that is currently looming over the country. The Minister of Finance, Budget and National Planning, Zainab Ahmed made this announcement in Abuja on…
November 23, 2021
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also unanimously agreed to hold all…
November 23, 2021
Nigeria should end its expensive fuel subsidy regime within three to six months, the World Bank said on Tuesday. Reuters reported that the bank advised that the removal of the subsidy must be accompanied by “aggressive reform effort” that “could contribute more to growth than a sustained period of high oil prices.” Africa’s largest economy devotes…
November 23, 2021
Senior Advocate of Nigeria (SAN), Mr Femi Falana, has called out to the Federal Government to outrightly reject the recent advise given by the International Monetary Fund (IMF), asking it to remove fuel and electricity subsidies in early 2022. The legal luminary who condemned the advise of the Bretton woods institution described it as capable…
November 21, 2021
Nations that are home to the largest tobacco corporations need to contribute more if countries are to recoup the US$47 billion lost to the illicit tobacco trade each year. That is the message that rang out of talks around the Protocol to Eliminate Illicit Trade in Tobacco Products which ended yesterday. The message from anti-tobacco…
November 19, 2021
