FIRS collected a total of N4.03 trillion as tax revenue in 2017 - Presidency   According to a new report by the presidency, Federal Inland Revenue Service (FIRS):  Tax revenue collected totaled N4.03 trillion in 2017, 82.38% of the N4.89 trillion target set for the Service by the Federal Government during the period, and N720 billion (22 percent) more than the N3.31trillion generated in 2016.   While  the Manufacturers Association...... read more
Aba has the potential of being Africa’s economic hub - Gov. Dankwambo Gombe state Governor Ibrahim Hassan Dankwambo has stated that Aba has the potential of being Africa’s economic hub, following his visit to the Enyimba city. Dankwambo made this known on Friday, during a project inspection with the Executive Governor of Abia state, Governor Okezie Ikpeazu. “This city with all I have...... read more
Adeosun reaffirms SEC DG’s suspension The minister of Finance, Kemi Adeosun has reaffirmed the suspension of the Director General Of Security And Exchange Commission (SEC). Adeosun made this clarification at a public hearing where she insisted that the suspension is in the interest of the sustainability of the capital market. There have been allegations and counter-allegations...... read more
Marketers diverted 129,000 litres from Abuja on Friday - DPR The head, public affairs unit of the Department of Petroleum Resources (DPR), Mohammed Saidu, says petroleum marketers diverted 129,000 liters of petrol from Abuja on Friday. Saidu, who revealed this to TheCable when monitoring the stations, added that some of the erring filling stations had been given a total fine of more than N30.5...... read more
FULL TEXT: 2018 Budget speech presented by Gov. Okezie Ikpeazu PROTOCOL ​ DISTINGUISHED LADIES AND GENTLEMEN! It is my honour and pleasure to present to this distinguished Honourable House, the 2018 Budget of Abia State. This Budget is packaged to follow the Medium Term Expenditure Framework which looks at projections for 3-year plan period. This Budget therefore has projections for years...... read more
Abia to Partner with CBN on Accelerated Agricultural Programme Governor Okezie Ikpeazu has described agriculture as a viable tool that can end the unemployment challenge of the country by creating jobs for the army of unemployed, put food on the tables of Nigerians and cause rapid economic development. The Governor stated this when the Development Financial Director, of the Central...... read more
Nigeria’s GDP records decline in Q3, Q4 2016 The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms declined in the third and fourth quarters of 2016. The NBS made this known in its “Nigerian Gross Domestic Product Report on Expenditure and Income Approach for the third and fourth quarter of 2016 released in Abuja....... read more
4 firms stake N120.5m for Nigerian Mining Corporation subsidiaries Four firms have staked N120, 547,000 to purchase the assets of the subsidiary companies of Nigerian Mining Corporation (NMC). According to the second round financial bids results released by the Bureau of Public Enterprise (BPE), in Abuja yesterday, for five subsidiaries of NMC, Yusuf Mariri Trading Company staked N20,550,000 on Kujama Quarry,...... read more
FG Begins Disbursement of GEEP Loan in Abia The Federal Government has began the disbursement of the Government Enterprise and Empowerment Program,GEEP, loan in Abia.  The loan is a collaboration of the office of Vice President, Bank of Industry and Abia State government.  Uzoma Nwagba, Chief Operating Officer GEEP at the event noted that 2907 loans have been disbursed...... read more
Ikpeazu: Why I took Made-in-Aba to New York City Abia State Governor, Dr Okezie Ikpeazu who is known for his persistency in the promotion of Made in Aba, has explained why he took Made in Aba campaign to New York City. Ikpeazu in an interview with Iheanacho Nwosu of The Sun, explained that the success of the Abuja fashion show which...... read more
The Debt Debate: Deconstructing the debt story National debt is an emotive issue as well as an economic one. The thought of saddling future generations with unserviceable debt, is not conscionable and certainly not part of the President Muhammadu Buhari-led-administration’s agenda. It is therefore, worthy of an intervention on my part to explain the history, the short-term strategy...... read more
Abia state to benefit from RAMP project The task-team of Rural Access and Agricultural Marketing Project(RAMP), a project supported by the World Bank, French Development Agency and Agricultural Development Bank has confirmed that Abia State has met all the criteria needed for the project to be carried out in the State. This was disclosed by Ahmed Olotaji, the...... read more
CBN Reacts To Claims Of Overfunding FG The Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, has defended the Bank's funding of the federal government through quantitative easing. Emefiele noted that there was no substance in the claim that the central bank was overfunding the government, on the one hand, and mopping up liquidity through special auctions, on...... read more
Julius Berger recorded N3.8bn loss in one year – Sunmonu, Berger Board Chairman Julius Berger Board Chairman, Mr. Mutiu Sunmonu has said that Julius Berger recorded a loss of N3.8 billion in 2016 financial year as a result of the country’s economic recession and the devaluation of the nation’s currency which paralysed most projects last year. This represents a 256.4 percent decline compared to...... read more
VIDEO: Abia is not borrowing from Islamic Bank- Obinna Oriaku Abia state Commisioner for finance, Obinna Oriaku says the state is not borrowing from Islamic Bank. Oriaku disclosed this in an an exclusive interview with Factnewsonline. He added that the Federal Government is taking the loan on behalf of the state. Watch Video below...... read more
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