Budget size: N8.612 trillion (16 % higher than 2017 estimates) Assumptions, projections ================== Benchmark crude oil price-US$45 per barrel Oil production estimate – 2.3 million barrels per day Exchange rate – N305/US$ for 2018 Real GDP growth of 3.5 per cent Inflation Rate of 12.4 per cent Expenditure Estimates ================ The proposed aggregate […]
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The Minister of Finance, Mrs Kemi Adeosun, on Tuesday said offshore tax havens no longer offered robust protection against tax authorities, saying it is not all illegal. On questions relating to the recent leaks by Panana Papers and Paradise Papers, the minister remarked that the leaks were just the beginning of what was likely to […]
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It has been revealed that a total of 826 Nigerians stranded in Libya have voluntarily returned to the country. The returnees include 270 Nigerians who arrived into the country via the Murtala Mohammed International Airport on Tuesday. They were received by officialsof the National Emergency Management Agency, NEMA the Nigerian Immigration Service National Agency for […]
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New York City Mayor Bill de Blasio said eight persons were killed on Tuesday when a terror suspect plowed into cyclists and pedestrians in Lower Manhattan, and rammed another vehicle on Halloween. The man left the vehicle holding up fake guns, before being shot by police and taken into custody, officers said. The motive was […]
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The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account. Adeosun released details of the 2017 VAT collection in a statement by her Special Media Adviser, Mr Oluyinka Akintunde in Abuja, She said that the […]
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The United Nations on Tuesday said it will help about 40,000 refugees who fled Cameroon’s violence-hit regions into Nigeria. The UN refugee agency and Nigerian authorities have so far registered some 2,000 Cameroonians who have fled into southeastern Nigeria since October 1, while another 3,000 were awaiting registration. “We are preparing to help up to […]
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President Muhammadu Buhari on Tuesday announced that he plans to expand the Federal Executive Council, an indication more ministers are to be appointed into the cabinet. Mr. Buhari stated this in his address to the National Executive Committee of the All Progressives Congress on Tuesday. “The compressed Federal Executive Council will be expanded to bring […]
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Nigeria has moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report published today, and for the first time the country is recognized as one of the top 10 most improved economies in the world. The World Bank Doing Business project provides objective measures of business regulations and their enforcement across 190 […]
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President Muhammadu Buhari has directed the immediate disengagement from service of Mr Abdulrasheed Maina, former chairman of the Presidential Task Force on Pension Reforms. Mr Femi Adesina, the President’s Special Adviser on Media and Publicity, in a statement issued in Abuja on Monday, said the President’s directive was contained in a memo to the Head […]
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Former National Publicity Secretary of the Peoples Democratic Party, Chief Olisa Metuh, told the Federal High Court in Abuja on Monday that he would subpoena as his defence witness former President Goodluck Jonathan. His lawyer, Dr. Onyechi Ikpeazu (SAN), told Justice Okon Abang that he had written Jonathan to that effect but that the former […]
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