Jigawa Governor Signs 2021 Appropriation Bill

EconomyNewsNigeriaJigawa Governor Signs 2021 Appropriation Bill

Beloved John (Staff Writer)December 16, 2020

Jigawa state governor, Muhammad Abubakar Badaru, signed into law the appropriation bill for the year 2021 to the tune of N156, 588,000,000.00 billion. This development is barely one week after the state house of assembly passed the bill. He signed the budget at Dutse government house in the presence of members of the state executive councils, members state assembly, APC leaders and other stakeholders. Speaking shortly after signing of the budget, the Governor commended the...

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Works & Infrastructures, Education And Health Sector Receives Attention In The Enugu State Government Budget Proposal Says Ugwu, Deputy Speaker ENHA

EconomyNewsNigeriaPoliticsWorks & Infrastructures, Education And Health Sector Receives Attention In The Enugu State Government Budget Proposal Says Ugwu, Deputy Speaker ENHA

Ije Ulasi (Regional Correspondent)December 16, 2020

The bill for a law to make provision for the sum of one hundred and sixty-nine billion, eight hundred and forty-five million, seven hundred and fifty-eight thousand, five hundred naira (N169, 845, 758, 500.00) to the services of the Government of Enugu State of Nigeria for the year ending 31st December, 2021 and for other related purposes (HB.14), 2020 has scaled through second reading at the Enugu State House of Assembly hallowed chambers. The budget...

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Inflation Rate in Nigeria Hit 14.89% in November – NBS

EconomyNewsNigeriaInflation Rate in Nigeria Hit 14.89% in November – NBS

Bada Yusuf Amoo (Correspondent)December 15, 2020

The Consumer Price Index (CPI) measured inflation increased by 14.89 per cent (year-on-year) in November 2020. This was disclosed by the National Bureau of Statistics (NBS) in its Consumer Price Index November 2020 report on Tuesday. The NBS added that this is 0.66 percentage points higher than the rate recorded in October 2020 (14.32 per cent). There was change in the percentage composition CPI for the 12 months period ending November 2020 over the average...

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What Nigeria Intends to Benefit From Border Closure?

EconomyFoodNigeriaSpecial ReportWhat Nigeria Intends to Benefit From Border Closure?

PilotnewsDecember 14, 2020

By Abba Dukawa, Contributing Reporter _____ Nigeria has not sufficiently improved its capacity toward attaining self food reliance, almost two years since  Buhari’s  administration ordered the closure of  Nigeria’s land borders. The policy of shutting it border is to achieved food security, curtail the importation of drugs and proliferation of small arms which threaten the country security. Unfortunately, the shutting of land borders has failed to stop the flow of arms into the country. Insurgents,...

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Informal Trade and Impact of COVID-19 Key Features of 2020 African Trade Report

AfricaCoronavirusEconomyNewsInformal Trade and Impact of COVID-19 Key Features of 2020 African Trade Report

PilotnewsDecember 11, 2020

The African Trade Report, produced annually by the African Export-Import Bank (Afreximbank), will be launched on 15th December. This year’s report focuses on Informal Cross Border Trade (ICBT) and provides ground-breaking insights into the scale, composition and approaches to informal cross border trade in Africa.  It is estimated that the formalisation of informal cross border trade could potentially increase official trade numbers by between 30-50%, depending on the region. “ICBT has been a key contributor to...

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African Development Bank, 11 leading Multilateral Development Banks, IMF launch First Joint Report On Financing the Sustainable Development Goals

AfricaCoronavirusEconomyNewsAfrican Development Bank, 11 leading Multilateral Development Banks, IMF launch First Joint Report On Financing the Sustainable Development Goals

PilotnewsDecember 11, 2020

The African Development Bank (www.AfDB.org) joined a group of 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF) on Thursday in launching a first-ever joint report on financing the Sustainable Development Goals (SDGs). The launch took place during a virtual ceremony attended by the heads of the institutions. The report is released at the end of a critical year, with the COVID-19 pandemic threatening to reverse progress on the SDGs. In response, MDBs have collectively...

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Reps Pass 2020 Finance Bill for Second Reading

EconomyNewsNigeriaPoliticsReps Pass 2020 Finance Bill for Second Reading

Bada Yusuf Amoo (Correspondent)December 11, 2020

On Thursday, the House of Representatives passed the Finance Bill 2020 for second reading The bill is titled, ‘A Bill for an Act to Amend the Capital Gains Tax Act, Companies Income Tax Act, Personal Income Tax Act, Tertiary Education Trust Fund (Establishment) Act, Customs and Excise Tariff, Etc. (Consolidated) Act, Value Added Tax Act, Federal Inland Revenue Services (Establishment) Act, Nigerian Export Processing Zone Act, Oil and Gas Export Free Zone Act, Fiscal Responsibility...

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Ugwuanyi Presents N169.85 billion Budget of Recovery And Continued Growth For Year 2021

EconomyNewsNigeriaPoliticsUgwuanyi Presents N169.85 billion Budget of Recovery And Continued Growth For Year 2021

Ije Ulasi (Regional Correspondent)December 10, 2020

The Enugu State Governor, Ifeanyi Ugwuanyi, today in pursuant to section 121 of the constitution of the Federal Republic of Nigeria as amended presented the sum of one hundred and sixty-nine billion, eight hundred and forty-five million, seven hundred and fifty-eight thousand, five hundred naira only(N169, 845, 758, 500=) as 2021 budget to the state House of Assembly. Presenting the budget tagged Budget of Recovery and Continued Growth on Wednesday at the floor of the...

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Anambra Assembly Passes 2021 Appropriation into Law

EconomyNewsNigeriaPoliticsAnambra Assembly Passes 2021 Appropriation into Law

Ebuka Onyekwelu (Staff Writer)December 8, 2020

Anambra State House of Assembly has today passed the 2021 Anambra State Appropriation Bill into law. The Anambra State Appropriation Bill was presented to the Assembly by Governor Willie Obiano exactly one month and four days ago, during which occasion the members assured the governor of speedy action to ensure timely passage into law. Therefore, for many observers, this is a promise kept. A Budget size of N143, 661, 871, 651 for the services of...

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Nigeria’s Foreign Trade Bill Stands at N23.2trn -NBS

EconomyNewsNigeriaNigeria’s Foreign Trade Bill Stands at N23.2trn -NBS

PilotnewsDecember 7, 2020

The total value of Nigeria’s merchandise trade from January to date is to N23.2 trillion, while trade in the third quarter of 2020 (Q3 2020) stood at N8.37 trillion. The National Bureau of Statistics (NBS) said this in its “Foreign Trade in Goods Statistics Q3, 2020” published on its website on Monday. According to the report, the Q3 figure represents an increase of 34.15 per cent, compared to Q2, but a decline of 8.85 per...

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