FG Set To Sell Five Electricity Companies To Fund 2023 Budget The Nigerian government says it plans to sell some electricity-generation companies in the country, six months after it announced the restructuring of power distribution companies and privatisation of five power projects. The government said the...

NASS To Pass New Revenue-sharing Formula, Budget Thursday   President Muhammadu Buhari has transmitted the Finance Bill 2022 to the National Assembly as the federal parliament is billed to pass the 2022 Appropriation Bill by Thursday. Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary...

Lawmakers Pass NCC’s N559bn Budget   The Senate, at a plenary on Tuesday, passed the 2023 budget of the Nigerian Communications Commission (NCC) following the presentation by the Committee on Communications. The lawmaker representing Yobe South, Ibrahim Bomai, who laid and presented the reports, stated that the...

Reps Pass NCC N553.7bn Budget     The President Muhammadu Buhari has transmitted to the House of Representatives, the proposed budget of the Federal Capital Territory for 2023. It also adopted the report of its Committee on Telecommunications on the budget of the Nigerian Communications Commission (NCC) for...

FG Disbursed N1.98tn Derivation Funds to States – Minister The Federal Government has disclosed that it disbursed a total of N1.98 trillion as share of the 13% oil derivation fund paid to oil-producing states. This was revealed by the Minister of Finance, Budget, and National budget...

Senate Committee To Remove COREN From 2023 Federation Budget   The Senate Committee on Works has said there is no going back on its decision to remove the Council for the Regulation of Engineering in Nigeria from the 2023 budget. The Senator Adamu Aleiro-led committee vowed to...