Ondo State Governor Akeredolu Signs ₦187 Billion 2020 Budget 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.

Insurance Companies In Nigeria Gets Recapitalisation Deadline

The National Insurance Commission (NAICOM) has extended the recapitalisation deadline for Insurance and Reinsurance Companies earlier slated for June 30, 2020 to December 31, 2020.

Enugu State Governor Ifeanyi Ugwuanyi Signs 169 Billion Year 2020 Budget into Law

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.

Gombe State Governor Inuwa Yahaya signs N130.83bn budget into Law

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.

Imo State Governor Emeka Ihedioha Signs N197.6 Billion 2020 Budget Into Law

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.”

How FIRS Failed To Collect N41 Billion Taxes From Firms – Audit Report

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.

Nigeria Set to earn N48b yearly from cowpea production

The Executive Director, Institute for Agricultural Research (IAR), Prof. Mohammed Ishiyaku, has said Nigeria stands to gain N48 billion annually if one million hectares of the newly released Pod Borer Resistant (PBR) cowpea is grown.

The National Committee on Naming, Registration and Release of Crop Varieties in the country recently met in Ibadan and approved the PBR Cowpea for release to farmers after naming it SAMPEA 20-T.

Investments in mutual funds hit N956.7bn in 11 months

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.

Sterling Bank gets community banking recognition

Sterling Bank Plc has been recognised for its community banking services.

The bank said in a statement that it won the Banking in the Community Award at the Bank of the Year 2019 Awards in London, the United Kingdom.

World Bank doubts Nigeria’s ability to sustain debt

The World Bank has raised doubts over the sustainability of Nigeria’s public debt.

Nigeria’s total public debt, which stood at N21.73tn as of December 31, 2017, rose to N25.7tn as of June 30, 2019, according to data from the Debt Management Office.