Category Archives: Finance
The Debt Management Office (DMO) has said it would approach the local debt market to auction bonds belonging to the Federal Government of Nigeria worth between N420 billion and N510 billion in the first quarter of 2020.
Data gathered and calculated by Learnbonds.com indicates that Japan has the highest national debt per person. With a population of 126,847,639, each Japanese national owes 89,525.51 of the $11.4 trillion national debt.
Lagos State Governor, Mr Babajide Sanwo-Olu, on Tuesday, signed the 2020 Appropriation Bill of N1.168 trillion into law.
The Lagos State House of Assembly had on Monday, after consideration, passed the slightly adjusted budget size for governor’s assent into law.
Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, has signed the 2020 appropriation bill into law.
Education has the largest percentage of the budget provision, followed by infrastructure.
His Excellency Rt. Hon. Dr Ifeanyi Ugwuanyi, the Executive Governor of Enugu State, today the 27th day of December, 2019, signed into law the Enugu State 2020 Appropriation Bill.
Governor Inuwa Yahaya signs N130.83bn budget of change
…assures of logical implementation, high performance
Gombe state Governor, Alhaji Muhammadu Inuwa Yahaya has signed into law, the 2020 budget passed by the Gombe State House of Assembly.
Governor Emeka Ihedioha has signed the N197.6 billion 2020 appropriation bill into law.This is as the governor also signed five other bills into law.The short ceremony was held at the expanded Executive Council Chambers, Government House, Owerri, Friday.In his brief remarks shortly after signing the bills, the governor said the 2020 appropriation bill was professionally and painstakingly prepared.
“The 2020 appropriation bill is the flagship of the bills I am signing into Law today. This appropriation bill was professionally and painstakingly prepared. Having signed up to the Open Government Partnership, we had a few pre-requisites to follow. For Instance, the process was participatory and so involved constituents and civil society, even before we presented it to the Assembly. It was also transparent, as we have made the documents available to the public from the onset”.While expressing delight that the appropriation bill was being signed before the start of the traditional budget year in January 2020, he noted that it is no mean feat, considering that the 2019 appropriation bill was signed into law at the end of May, hours before he was sworn into office as governor.“By this, the fiscal year may now commence as envisaged on the 1st of January, 2020”, he stated. I am not oblivious of the fact that this is in the middle of our Christmas festivities and so a social sacrifice for some. But suffice it to say that this is the spirit of the new Imo.“As a parliamentarian myself, I see today as the faithful culmination of any legislative process. Accent is an action that seals the success of the process and procedure determined by the constitution.”
The Federal Inland Revenue Service failed to collect taxes worth about N41 billion in Lagos Nigeria, , a government audit report has said.
This is even as it has not been able to meet up with its target over the past four consecutive years, the report added.
Total investment in mutual funds has grown to N956.7bn as of December 6, 2019.
Data obtained from the Securities and Exchange Commission on Thursday showed the value of mutual funds increased by 53.91 per cent from N621.6bn on December 28, 2018 to N956.7bn on December 6.
Boris Johnson could spook financial markets in 2020 and investors must avoid complacency, warns the CEO of one of the world’s largest independent financial advisory organizations.
The warning from Nigel Green, chief executive and founder of deVere Group, follows the landslide victory for Mr Johnson’s Conservative party in the UK’s general election last week in which he secured an 80-seat majority, and as stocks rose across Europe on Monday.