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Suspend Vehicle Importation Ban, Reps tell Buhari

The House of Representatives has asked the Federal Government to suspend its new policy of banning the importation of vehicles through land borders. The lawmakers specifically advised President Muhammadu Buhari to intervene by urgently directing the Nigeria Customs Service to reverse the policy. The policy is...

Buhari Needs $30bn Loan to Succeed, Says Odigie-Oyegun

The National Chairman of the All Progressives Congress, Chief John Odigie-Oyegun, has said the President Muhammadu Buhari-led administration is left with no option but to borrow to revive Nigeria’s ailing economy. Buhari’s plan to borrow an estimated US$29.9bn from foreign lenders has been rejected by...

FG Budgets N7.281trn for 2017, Pegs Exchange Rate at N305 to $1

...President Buhari asks NASS for presentation of budget December 14, 2016 ...No salary increment for workers in 2017 Budget ...Retains N500bn social intervention programmes in 2017 ...Launches economic recovery and growth plan before end of December Major Highlights of 2017 Budget Capital Expenditure = N2.078 trillion Recurrent Expenditure =...

Fayose Knocks FG for Increasing PAYE Tax

The Ekiti State Governor, Ayodele Fayose, has called on the Federal Government to rescind its decision to reduce workers’ salaries through obnoxious increment in Pay As You Earn, pension and National Housing Fund deductions. According to him, with the deductions, some workers now have as...

Sanusi Blasts Buhari’s $30 Billion Borrowing Plan

Emir of Kano, Lamido Sanusi has condemned plans by President Muhammadu Buhari to borrow $29,960 billion for the country. Sanusi, former governor of the Central Bank of Nigeria, said it would be difficult for the loan to be granted because Nigeria has five exchange rates. He...

Group Berates Interference, Criticism of FRC’s Management

A group under the aegis of Information for Democracy and Development (IDD), a non-governmental Organization (NGO) has berated undue interference and unconstructive criticism of the Financial Reporting Council of Nigeria ,FRC and its current Executive Secretary/CEO, Mr Jim Obazee. In a statement signed by Mallam...