Buhari signs 2020 Appropriation Bill into Law

President Muhammadu Buhari on Tuesday in Abuja signed the 2020 appropriation bill of N10,594,362,364,830 into law. News Agency of Nigeria (NAN) reports that the budget was increased from N10.33 trillion to N10.594billion by the National Assembly. NAN observed that N560.47 billion of the total budget is for statutory transfers while N2.7 trillion is for debt service. Other breakdown of the budget include N4,842,974,600,640 for Recurrent … Continue reading Buhari signs 2020 Appropriation Bill into Law

Education, Healthcare top Lagos’ N1.1trillion 2020 budget

With a proposed fiscal plan of N115 billion for public infrastructure, Lagos State, next year, will be a massive construction site. Governor Babajide Sanwo-Olu, on Friday, presented the Year 2020 Budget proposal to the House of Assembly, unveiling his administration’s plan to accelerate the growth of the State’s economy by proposing aggressive investments in critical priority areas – physical infrastructure, environment, human capital and security. … Continue reading Education, Healthcare top Lagos’ N1.1trillion 2020 budget

NNPC signs MoU with Russian oil company, Lukeoil

Nigeria and Russia Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil to elevate commercial relationship to a government-to-government backed partnership. With signing of the MoU, NNPC and Lukeoil will work together in upstream operations and revamp Nigeria’s refineries. Group Managing Director of NNPC, Mele Kyari and Vagit … Continue reading NNPC signs MoU with Russian oil company, Lukeoil

FIRS boss not under investigation says Presidency

The Chairman of the Federal Inland Revenue Service, Babatunde Fowler, is not under any investigation, the Nigerian presidency said ‘categorically’ today, denying the imputations spurred by a query issued by Chief of Staff, Abba Kyari. Some reports claimed that the query meant that Fowler’s tenure would not be renewed. His first term expired on Saturday. “The letter from the Chief of Staff to the President, … Continue reading FIRS boss not under investigation says Presidency