AUGUST 21st, 2017
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Nigeria’s debt reaching critical levels — NEITI
ABUJA — The Nigeria Extractive Industries Transparency Initiative, NEITI, Sunday, expressed concern over Nigeria’s level of indebtedness, declaring that Nigeria’s debt in relation to revenues appears to have reached critical levels.
AUGUST 18th, 2017
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GOVT INAUGURATES PANEL FOR €54M EU N’EAST SUPPORT – PAGE 30
The Minister of State for Budget and National Planning, Zainab Ahmed, has inaugurated members of Project Steering Committee for the European Union Assisted Project targeted at supporting the intervention programmes in the North East.
AUGUST 17th 2017
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TSA: FG saves N56.4bn annually on bank charges – AGF
The Accountant General of the Federation, Alhaji Ahmed Idris, has said the implementation of the Single Treasury Account (TSA) is saving the Federal Government N4.7 billion monthly (N56.4bn annually) on bank charges on the funds.
AUGUST 16th 2017
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Forex: CBN Takes Further Step to Crash Parallel Market Rate
As part of efforts to further strengthen the value of the Naira on the parallel market segment of the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) has directed that payments for port charges to the Nigerian Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) by oil marketing companies should henceforth be accommodated in the official forex window.
AUGUST 15th 2017
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Nigeria squandered $201.2bn in 10 years – NEITI
In 10 years, Nigeria accumulated a total of $201.2bn in Excess Crude Account, which it squandered within the same period.
AUGUST 14th 2017
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FG’s school feeding programme gulps N6.2bn in 14 states
The Federal Government has so far spent N6.2bn on its National Homegrown School Feeding Programme during the academic year that ended in August.
AUGUST 11th, 2017
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2018 BUDGET WILL BE SUBMITTED TO N’ASSEMBLY IN OCT, FG RESTATES – PAGE 9
The National Assembly will receive the 2018 budget in October, the federal government restated Thursday.