Business News

Buhari to present 2018 Budget to NASS as FEC okays estimates

Ihesiulo Grace 27 October 2017 0

Mathew Dadiya, Abuja President Muhammadu Buhari will present the 2018 Budget proposal to the National Assembly for consideration by early November, following the approval of the estimates on Thursday by the Federal Executive Council (FEC). The Minister of Budget and National Planning, Udoma Udo

Politics

Nasarawa Assembly passes N22.2bn supplementary budget

Ihesiulo Grace 12 October 2017 0

The Nasarawa State House of Assembly has passed a 2017 supplementary bill of N22.2 billion. Alhaji Ibrahim Balarabe Abdullahi, the Speaker of the House, announced the passage on Wednesday during the House proceeding in Lafia. He said this was to enable the executive arm of the government to execute projects that have direct bearing on […]

Headlines News

2017 Budget in trouble as Buhari seeks $5.5bn loans

Ihesiulo Grace 11 October 2017 0

Opinion

The NGO Regulatory Bill

Ihesiulo Grace 18 September 2017 0

By Chris Akiri AN obnoxious Bill whose long title nearly reveals its antisocial intendment is on its way to becoming an Act of the National Assembly having passed its first and second readings in the House of Representatives. With a jaw-breaking long title of “AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF THE NON-GOVERNMENTAL ORGANIZATIONS […]

Economy News

FG to present 2018 Budget in October

Ihesiulo Grace 7 August 2017 0

The Director General, Budget Office of the Federation, Ben Akabueze, on Monday said the 2018 Executive Budget proposal would be submitted to the National Assembly in October. He announced this at the opening of the National Training for Personnel of Ministries, Departments and Agencies, MDAs, on 2018 Budget Preparation, using Government Integrated Financial Management

Business Money

Full implementation of 2016 budget key to growth – Economists

Ihesiulo Grace 2 March 2017 0

Economists within and outside the country are optimistic that the Nigerian economy is on its way out of recession, if the federal government ensures a full implementation of the ongoing 2016 budget. This is just as the fourth quarter (Q4) 2016 Gross Domestic Product (GDP) showed contraction of -1.30 percent in real terms, from N18.5 […]

News Nigeria

N250m gatehouse for Osinbajo not in the budget proposal, says Akande

Ihesiulo Grace 20 February 2017 0

There is no proposal in the 2017 budget to build a N250million gatehouse for the Vice President, Professor Yemi Osinbajo. Senior special assistant media, Laolu Akande made the rebuttal in a statement. Opposition senator, Ben Bruce had questioned the item, which he said was included in the budget estimate in 2017. Bruce said the provision […]

Tech

NCC to extend telecoms services to 40m Nigerians

Ihesiulo Grace 24 January 2017 0

Following provision made in the 2017 budget, the Nigerian Communications Commission (NCC) will extend telecommunications services to additional 40 million Nigerians across the country this year. Prof. Umar Danbatta, executive vice chairman of NCC, disclosed this to newsmen in Abuja recently, adding that the commission had conducted a survey, which identified about 200

Business News

Nigeria, China trade hits $9.5b

Ihesiulo Grace 14 January 2017 0

Trade between Nigeria and China stood at 9.5 billion dollars in 2016, Economic and Commercial Counsellor of the Chinese Embassy, Mr Zhao Linxiang, said on Saturday. Linxiang gave the figure at a dinner to host participants of different training courses in China in Abuja. The envoy said though bilateral relations between both countries faced challenges, […]

Headlines Politics

Senator Abe berates Rivers Assembly for quick passage of 2017 budget passage

Ihesiulo Grace 30 December 2016 0

Senator Magnus Abe, the Senator representing Rivers South East Senatorial District, has condemned the hurried passage of the Rivers’ 2017 budget. He described the budget presented by Gov. Nyesom Wike and passed by the state legislature “as too hasty.” Senator Abe was speaking at a reception organized in his honour by the people of Kono […]

Business Capital Market

Experts tie stock market performance to budget implementation

Ihesiulo Grace 29 December 2016 0

Some financial experts have said that early passage and implementation of the 2017 budget will determine the performance of the Nigerian Stock Exchange (NSE). According to them, the implementation of the 2017 budget, especially the capital market component has the potential to turn around stock market performance in 2017. One of the experts, Dr. Uche […]

Politics

Budget: Obaseki Presents N150b Budget to Edo Assembly

Ihesiulo Grace 20 December 2016 0

Governor Godwin Obaseki has presented a budget of 150 billion appropriation bill to the State ouse of Assembly to fast track economic and social transformatin of the state. Governor Obaseki, who christened the 2017 budget as “Budget of Consolidation and Prosperity” said it was wrapped around the six key policy areas. “Mr Speaker, we have […]

News

President Buhari full budget speech

Ihesiulo Grace 15 December 2016 0

SPEECH OF H.E. PRESIDENT MUHAMMADU BUHARI ON THE 2017 BUDGET OF RECOVERY AND GROWTH AT JOINT SESSION OF THE NATIONAL ASSEMBLY 14TH DECEMBER 2016   Protocols   It is my pleasure to present the 2017 Budget Proposals to this distinguished Joint Assembly: the Budget of Recovery and Growth.   We propose that the implementation of […]

Business Headlines News

Minister to give budget breakdown on Monday

Ihesiulo Grace 15 December 2016 0

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, will on Monday give a breakdown of the highlights of the 2017 Budget estimates presented on Wednesday to the National Assembly by President Mohammadu Buhari. Those expected at the briefing, which will be held at the Banquet Hall of the State House in Abuja, […]

News Nigeria

Ondo Assembly Passes 2015 Budget

Ihesiulo Grace 19 March 2015 0

The Ondo State House of Assembly on Thursday passed the state’s 2015 Budget. Members unanimously adopted the report and passed the recommendations of its Committee on Finance and Appropriation and adjourned sittings until the May 5, 2015. This year’s budget was increased from N130bn to N131bn. Vice Chairman of the Committee, Victor Akinwe, who presented the […]