Block 30
2021 Budget of Economic Recovery & Resilience: Details, timelines
Timelines/Key Indicators October 8, 2020 – Proposal for N13.08trillion 2021 FGN Budget of ‘Economic Recovery and Resilience’ was laid before the National Assembly. December 21, 2020 – National Assembly passed the Appropriation Bill of N13.6trillion, about over N505.61…
Read More »“We must restore the soul of America”, says Biden in inaugural speech
It’s long overdue, and we’re reminded tonight of all those who fought so hard for so many years to make this happen. But once again, America has bent the arc of the moral universe towards justice.
Read More »Elumelu’s Trans-Niger oil firm acquires Shell’s disputed license in Ogoniland
Trans-Niger Oil & Gas Limited (TNOG) has acquired Shell Petroleum Development Company (SPDC) stake in the disputed Nigeria's oil mining lease (OML17) in Ogoniland.
Read More »Oil Crisis: Nigerian govt retains National Assembly’s N150bn jumbo budget despite dwindling revenues
RELATED NEWS National Assembly’s huge allocation higher than individual budgets of 19 StatesMay 28, 2015 SHOCKING: 2015 Budget: National Assembly’s N150billion enough to fund capital votes for 20 Federal MDAsMay 18, 2015 REPORT CARD: Nigerian Senators, Reps cornered…
Read More »NSIA, Moroccan firm, others to develop $1.4bn Ammonia plant in Akwa Ibom
The Nigeria Sovereign Investment Authority (NSIA) is to partner OCP of Morocco and towards the development of the $1.4 billion Ammonia and Diammonium Phosphate production plant. The other partners include the Akwa Ibom State government, Nigerian National Petroleum…
Read More »603 ex-workers of ALSCON get benefits from Pension transition agency
The Pension Transitional Arrangement Directorate (PTAD) has paid the benefits and entitlements of 603 former workers of Aluminum Smelter Company of Nigeria (ALSCON), Ikot Abasi in Akwa Ibom State.
Read More »Abuja DISCO announces 3 days disruption in electricity supply to FCT, environs
"The essence of this interruption is to enable the maintenance crew of the TCN (Transmission Company of Nigeria) re-string the vandalized portion of the 132kV line transporting energy from Gwagwalada transmission station to Apo/Kukwaba Transmission Stations,"
Read More »World Bank blacklists six Lebanese, Nigerian firms, directors for fraud, corruption in 2020
The World Bank has blacklisted six Lebanese firms and their directors, along with some Nigerian contracting firms among individuals and companies indicted for fraud and corruption in 2020. The individuals and companies were blacklisted after the Bank Group’s…
Read More »Nigeria’s new VAT rate kicked off Monday – Accountant General
MEDIATRACNET The new Value Added Tax (VAT) rate of 7.5 per cent took effect immediately the new Finance Act 2019 was signed into law by President Muhammadu Buhari on Monday, the Accountant General of the Federation, Ahmed Idris, has…
Read More »EU announces a €100m support to COVID-19 vaccination strategies in Africa
The European Commission has announced a €100 million in humanitarian assistance to support the rollout of vaccination campaigns in Africa. The Commission President, Ursula von der Leyen, who made the announcement said almost 70 air bridge flights fully…
Read More »4th quarter GDP result validates success of Nigeria’s economic plan – Presidency
The Presidency is optimistic that with sustained stability in crude oil prices, success of an imminent vaccine rollout, and continued effective implementation of the ESP, the economy would attain full recovery in the first quarter of the year.
Read More »U.S. turns full circle, supports Nigeria’s Okonjo-Iweala as DG WTO
The United States government on Thursday turned full circle from its previous position to endorse Nigeria’s former Finance minister and one-time Managing Director (Operations) of the World Bank, Ngozi Okonjo-Iweala as the Director-General of the World Trade Organization…
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2021 Budget of Economic Recovery & Resilience: Details, timelines
Timelines/Key Indicators October 8, 2020 – Proposal for N13.08trillion 2021 FGN Budget of ‘Economic …
