Reps Increase Next Year’s Budget By N735.850bn   The House of Representatives yesterday passed the 2022 budget estimates submitted by the President Muhammadu Buhari on October 10 with an increase of N735, 850,000,000. The Senate, however, failed to pass the budget, adjourning plenary to today. The House also...

Senate, Reps Pass Finance Bill     The Senate and House of Representatives have passed the Finance Bill 2021, transmitted to the National Assembly by President Muhammadu Buhari, on December 7, 2021. They passed the bill on Tuesday following the consideration of a reports from committees of the...

States Generate N751.17bn From Road Tax, Others In Three Years     The 36 states of the federation earned N751.17bn from road tax, direct assessment, and other taxes in three years, according to data collated from the National Bureau of Statistics. According to the NBS, direct assessment refers...

FG To Spend N250bn Sukuk On Abuja, Niger Delta Road Projects - DMO     The Debt Management Office says the proposed N250bn sukuk will be used to finance key economic road projects identified by the Federal Ministry of Works and Housing, Federal Capital Territory Administration, and...

Customs Generate N2.5trn Revenue In 11 Months   The Nigeria Customs Service (NCS) generated over N2.5 trillion revenue between January and November this year. NCS National Public Relation Officer, Timi Bomadi said, the agency was given N1.679 trillion revenue target for this year, based on its last...

Agric Sector Records N1.7rn Trade Deficit In Nine Months   The agricultural sector recorded a trade deficit of N1.7tn between January and September this year, as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report showed that the...