Category: Economy

Buhari signs 2018 appropriation bill into law

President Muhammadu Buhari, on Wednesday, signed the 2018 Appropriation Bill of N9.12 trillion into law, after berating the National Assembly for allegedly cutting the budget in key sectors of the economy. Buhari, who signed the law in…

FG recovers N30 billion from VAIDS

The Federal Government has approved the issuance of Declaration Certificate to taxpayers under the Voluntary Assets and Income Declaration Scheme (VAIDS) through which N30 billion has been recovered. Mr Babatunde Fowler, Chairman of the Federal…

Senate jacks up 2018 budget by over N500bn

The Nigerian Senate Committee on Appropriation has increased the 2018 budget from N8.612 trillion to N9.120 trillion, a difference if N502 billion from the figure presented by President Muhammadu Buhari. The Chairman of the Senate…

IMF reverses oil prices downward

Hopes of the Organisation of Petroleum Exporting Countries (OPEC) ever witnessing an oil price of $100 per barrels has been dimmed by the latest forecast from the International Monetary Fund (IMF), which expects crude oil…

OSHA passes N179.2bn budget for 2018

The Osun House of Assembly has passed the 2018 appropriation bill of N179.2 billion. The budget has N92.6 billion as capital expenditure, representing 51.1 per cent and N86.6 billion as recurrent expenditure, which represents 48.9 per…