The 2025 appropriation bill has scaled the second reading at the national assembly. The budget passed the second reading during plenary on Thursday after an extensive debate by legislators in the senate and the house of representatives. On Wednesday, President Bola Tinubu presented a record N49.7 trillion as the proposed budget for 2025 to a […]
The State House has earmarked N15.09bn for the purchase of tyres for bulletproof vehicles, Sport Utility Vehicles, operational vehicles, and plain cars, and the construction of an office complex for Special Advisers and Senior Special Assistants. It also proposed a total sum of N5.49bn as a provision for the annual maintenance of the Presidential Villa. […]
President Bola Tinubu has arrived the National Assembly for the presentation of the 2025 Appropriation Bill before the joint session of the National Assembly. President Tinubu came into the Chamber with Vice President Kashim Shettima at 12: 12 pm. Prior to his arrival, the National Chairman of the All Progressives Congress, APC, Abdullahi Umar Ganduje […]
The National Assembly is set to extend the 2024 budget cycle. It was also learned that the 2025 budget will be passed at the end of the year. President Bola Tinubu is scheduled to present the N47.9tn 2025 budget to a joint session of the National Assembly at 12 pm. The Chairman of the Senate […]
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts to address critical developmental challenges in the country. The loans, currently in the pipeline, will focus on internally displaced persons, education, and nutrition enhancement. According to information obtained from the World Bank’s website, […]
The Federal Executive Council on Monday approved the 2025 Budget Proposal. The Minister of Budget and Economic Planning, Atiku Bagudu, revealed this to State House Correspondents after the Council met for the last time in 2024 at the Aso Rock Villa, Abuja. He said, “Today, the Federal Executive Council approved the budget proposals for 2025 […]
The National Bureau of Statistics says Nigeria’s inflation rate rose to 34.6 percent in November — up from 33.8 percent in October. In its consumer price index (CPI) report for November published on Monday, NBS said the rate represents an increase of 0.72 percent compared to the October 2024 rate. More to follow…
A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. This was disclosed in a statement signed by FAAC Director of […]
President Bola Tinubu will present the 2025 Appropriation Bill to the National Assembly on Tuesday, the Senate President, Godswill Akpabio, has disclosed. Akpabio made this known during the announcement at the Thursday plenary on the floor of the Senate. He said, “The president has made his intention known to the National Assembly to present the […]
Nigeria’s private sector grappled with heightened inflationary pressures in November 2024, driven by currency depreciation and escalating fuel prices, according to the latest Purchasing Managers’ Index report by S&P Global. The report, released on Monday, revealed that these factors significantly increased input costs, restricted purchasing activities, and dampened growth across various sectors. The PMI for […]
