The Nigerian National Petroleum Company (NNPC) Limited says it recorded 112 incidences of crude oil theft across the Niger Delta in one week. In a documentary posted on its X handle on Tuesday, NNPC said the incidents occurred between December 23, 2023 and December 29, 2023. The national oil company listed the incident sources […]
President Bola Tinubu has just signed the N28.78 trillion 2024 Budget into law at the Presidential Villa, Abuja. President Tinubu, who arrived his office from the airport at exactly 2pm, headed straight for the brief budget signing ceremony, surrounded by senior government officials. Among those with the President while he signed the budget were […]
The House of Representatives on Saturday approved a total of N28.78 trillion in expenditure for the 2024 fiscal year. This was N1.2 trillion more than the N27.5 trillion budgetary proposal presented to the joint session of the Senate and House of Representatives by President Bola Tinubu on November 30, 2023 A breakdown of the […]
The Senate has approved the sum of N28.7 trillion as the 2024 appropriation bill. The upper chamber passed the bill at the plenary on Saturday. President of the Senate, Godswill Akpabio, assured that the bill will be transmitted to the President for expedited passage into law. Details shortly…
The Senate has increased the 2024 budget by a total of N1.2tn, moving the budget from N27.5tn to N28.7tn. According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola, aggregate expenditure was pegged at N28,777,404.073.861; statutory transfers -N1,742,786,788,150; recurrent expenditure- N8,768.5330,852; capital expenditure-N9,995,143,298,028 and GDP at 3.88%. President Bola Tinubu, […]
The Home Finance Department of the Ministry of Finance, Budget and National Planning has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles. The approvals were made under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated […]
The federal government plans to spend over N14.39 billion on purchasing computers — laptops and desktops — in over a 100 ministries, departments, and agencies (MDAs) in the 2924 fiscal year. Another N28 billion was also budgeted for the acquisition of computer software by more than 90 MDAs, TheCable Index analysis of the 2024 […]
Chima Amadi, a public analyst and development expert, says Nigeria’s reliance on foreign economic policies is responsible for the country’s slow development gains. Amadi who is also chairperson of the board of the Centre for Transparency Advocacy (CTA) spoke while presenting a paper at the 4th national colloquium of the Sokoto professionals network in […]
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 28.2 percent in October 2023 — up from 27.33 percent in the previous month. This was disclosed by the National Bureau of Statistics (NBS) in its CPI report for November released on Friday. The latest […]
The World Bank has said the federal government may still be paying fuel subsidies considering that the country’s fuel price of N650 is currently not cost-reflective. The bank’s Lead Economist for Nigeria, Alex Sienaert, disclosed this during his presentation of the Nigeria Development Update, December 2023 edition titled, ‘Turning The Corner (from reforms and […]
