Agenda for Presidential Economic Advisory Council By Ono Patrick Emerhana FCA   I CONGRATULATE President Muhammadu Buhari, GCFR, for setting up a special Economic Advisory Council with a view to rejigging the Administration's economic think tank. I also congratulate Members of the Presidential Economic Advisory Council (PEAC)...

Nigeria Seeks To Recover $62bn From IOCs As Unpaid Profits     Nigeria is seeking to recover as much as $62bn from international oil companies, using a 2018 Supreme Court ruling that enables the Federal Government to increase its share of income from production-sharing contracts. The proposal comes...

President Buhari Exempts Firms With N25m Turnover From VAT   Firms making a turnover of N25 million and below will be exempted from payment of the Value Added Tax (VAT), President Muhammadu Buhari said on Tuesday. He stated this while presenting his N10.33 trillion 2020 budget estimates...

Dana Air Partners NESG   Dana Air has announced that it is partnering with the Nigerian Economic Summit Group (NESG) towards the 25th Nigerian Economic Summit holding in Abuja, from today. The theme for this year’s Summit is “Nigeria 2050: Shifting Gears,” and the focus is to...

Senate Increases 2020 Expenditure To N10.73trn   President Muhammadu Buhari will on Tuesday next week present the 2020 budget at a joint session of the National Assembly by 2pm. The President of the Senate, Ahmad Lawan, stated this at plenary on Thursday. Also at plenary, the Senate approved...

Nigeria Lost $157.5bn To Illicit Financial Flows, Says Buhari   President Muhammadu Buhari has said that $157.5bn was stolen from the country between 2003 and 2012. He blamed the illicit financial flows on corruption. Buhari spoke in New York at the high-level national side-event organised by the African...