Forget oil marketers’ threat, there’s sufficient petrol — NNPC The Nigerian National Petroleum Corporation on Monday said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this season regardless of the recent threat and ultimatum by oil marketers. The corporation said it was engaging the marketers and other agencies of government to address the...... read more
Hundreds of passengers stranded as aviation unions shut down MMA2 Hundreds of passengers were on Wednesday stranded as protesting aviation unions shut down operations at the Murtala Muhammed Airport 2 operated by Bi-Courtney Aviation Services Limited.The News Agency of Nigeria (NAN) reports that the unions embarked on the protest alleging BASL’s sacking of 20 employees who indicated interest to unionise. The...... read more
FIRS gets N13 billion from defaulting taxpayers Less than a month into the unveiling of its account substitution policy of defaulting taxpayers, the Federal Inland Revenue Service (FIRS) has announced the collection of N12.66 billion revenue.   The Executive Chairman, Tunde Fowler, disclosed this at the weekend when he received the new Minister of Finance, Hajia Zainab Ahmed,...... read more
Naira depreciates to N362.78/$ in I&E window The Naira, yesterday, depreciated to N362.78 per dollar in the Investors and Exporters (I&E) window as the volume of dollars traded dropped by 66 percent.Data from FMDQ showed that the indicative exchange rate for the window rose to N362.78 per dollar yesterday from N362.64 per dollar last week Friday, indicating 14...... read more
Bank loans to power sector hit N726.3bn The loans from Deposit Money Banks in Nigeria to the power sector have been put at N726.3bn. According to the Association of Power Generation Companies, the country’s power sector is still faced with stiff liquidity crisis, a development that has made it difficult for power firms to adequately repay the loans....... read more
Abia to partner Kano on SME development - Ikpeazu Governor Okezie Ikpeazu of Abia State has promised effective collaboration with Kano State on the development of small and medium scale enterprises development in the state.Ikpeazu, who spoke yesterday, when the Kano State Governor, Abdullahi Ganduje paid him a courtesy call at Government House, Umuahia, also said Abia would leverage on...... read more
Ebonyi Distributes Over N700m To Farmers The sum of N744 million has been approved by the Ebonyi State Government in the interim for distribution to farmers profiled in the agricultural programme of the State for the year 2018. The  State Commissioner for Agriculture and Natural Resources, Hon. Ikechukwu Nwobo, disclosed this at the Government House, Abakaliki during...... read more
Abians laud Ikpeazu for nipping 'Multiple taxation' in the bud On Monday, July 9, 2018, the Executive Governor of Abia state, Dr. Okezie Ikpeazu held a meeting  with key stakeholders in the internally generated revenue collection chain. The agreement reached includes the following: - Henceforth, only properly identified staff of the Abia State Internal Revenue Service, in partnership with the state’s global...... read more
Abia targets N1 billion IGR Chief Udochukwu Ogbonna, the Executive Chairman, Abia Board of Internal Revenue, has said that the agency is targeting to make N1 billion internally Generated Revenue (IGR) by 2019. Mr Ogbonna said this in an interview with the News Agency of Nigeria (NAN) on Monday in Umuahia, the state capital. He said...... read more
Abia multiskill, entrepreneurship devt centre takes off with 200 trainees The Abia State Multiskill and Entrepreneurship and Development Centre (AMEDEC) has taken off with 200 trainees. This comes as the Vice President Yemi Osinbajo has launched the Federal Government N-Power programme in the state.  The Technical Vocational Education and Training (TVET) programme, which was developed and managed by Kiara De-Luke Academy in...... read more
Oil price hits $80 per barrel, highest since 2014 Despite the huge N500 billion mark up on the Federal Government’s expenditure outlay in the 2018 Appropriation Bill as passed by the National Assembly earlier this week, the government is still going to hit budget surplus at end of the fiscal year as the price of oil shot up to $80...... read more
OPINION: Growing Abia economy through Agriculture Growing Abia Economy through Agriculture was the theme of the event yesterday at Ahiaba Umueze in Osisioma LGA where the Abia Deputy Governor Rt.Hon.Ude Oko Chukwu flagged off the distribution of 2 million special specie of oil palm seedlings. Further arrangement shows that each of the 17 local governments will receive...... read more
Enyimba Economic City is Nigeria’s Dubai – Ikpeazu   Gov. Okezie Ikpeazu of Abia says proposed Enyimba Economic City in Aba will be Nigeria’s “Dubai”. Besides, he said that the “City” would be a business community that would close the economic gaps in the South-East and South-South. Ikpeazu, who disclosed this when he featured at the News Agency of...... read more
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
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