FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
Updated: Why Adeosun suspended DG SEC, two others over corrupt practices
The Minister of Finance, Mrs Kemi Adeosun has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr Mounir Gwarzo, from office over allegations of financial misappropriation.
FG disengages SCC from maintenance of 75km Gurara pipeline contract
THE Federal Government Wednesday announced that it has disengaged SCC limited from the maintenance of the 75km Gurara pipeline project.
Baru clinches Forbes oil, gas award
The Nigerian National Petroleum Corporation, NNPC, yesterday, said its Group Managing Director, Mr. Maikanti Baru, has been awarded the Forbes Best of Africa Oil and Gas Man of the Year 2017 prize.
Obaseki presents 146bn 2018 budget to Edo Assembly
OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two sources with knowledge of the matter said on Wednesday.
Vietnam’s biggest brewer to sell majority stake
Vietnam said Wednesday it would sell a majority stake in the country’s largest state-owned brewer next month but limit foreign ownership to 49 percent, as the cash-strapped government seeks to pay off public debt.
