In 5 Months FG, states, LGs suffer N329.6bn shortfall Between January and May, the Federation Account Allocation Committee shared the sum of N3.18tn to the three tiers of government. The Federation Account is currently being managed on a legal framework...

40% of smuggled vehicles are stolen- Finance Minister The Federal Government has said about 40 per cent of smuggled vehicles that find their way into the country are smuggled. This is aside the fact that 45 per cent of the vehicles...

N130b UBEC funds Lying Idle. …As States fail to provide Counterpart Funding The Federal Government yesterday regretted the inability of some governors to access the counterpart funds from the Universal Basic Education Commission (UBEC) to develop basic education in their states. The...

Tetfund Spent N2.5trn on varsities, others in 10 years The Federal Government has said it spent N2.5 trillion on infrastructure and staff development in public universities, polytechnics and colleges of education in the last 10 years through the Tertiary Education...

OPEC’s Oil Demand Unchanged, Raises Supply Forecast The Organisation of Petroleum Exporting Countries (OPEC) yesterday kept its global oil demand growth projections for this year and next unchanged. But the group lifted its forecast for supply on the back of rising...

Stock Market Appreciates By N480.8bn In 3 Days The Nigerian equities market sustained its positive trend yesterday amid price appreciation in large-mid capitalised stocks extending gains to three days The stock prices appreciation in the likes of GTCO Plc, Dangote Cement...