The Federation Account Allocation Committee (FAAC) has disbursed N802.407 billion as June allocation, an increase of N121,624 billion over the N680,783 billion disbursed in May. A communiqué issued at the end of July 2022 FAAC meeting held in Abuja, also said the balance in the Excess Crude Account (ECA) grew to $376,655.09 million in June from $35.377 million recorded in May. The N802.407 billion total distributable revenue comprised distributable statutory revenue of N608.580 billion and distributable Value Added Tax (VAT) revenue of N193.827 billion. In June 2022, the total deductions for cost of collection was N44.606 billion and deductions for…
Author: Newsdesk
By Justina Auta The Nigerian Union of Journalists (NUJ) has advocated the creation of special desks in media organisations and other offices to handle cases of Sexual Gender Based Violence (SGBV). The Chairman of the FCT Council of the NUJ, Mr Emmanuel Ogbeche made the call on Tuesday at an event organised by Supporting Hands Initiative, ComfortStream Aid Foundation, NUJ and NAWOJ in Abuja. Ogbeche, while making a presentation on “Gender Based Violence Reporting,” described it as a pandemic, stressed the need for more advocacies and awareness to curtail the menace. According to him, the need to encourage people to…
Kogi state governor, Yahaya Bello of Kogi has expressed grief over the death of the Army officials killed in an ambush on the Presidential Guard Brigade on Sunday by suspected terrorists in the Federal Capital Territory. Bello also commiserated with the families of the deceased and the Nigerian Army in a statement made available by his Chief Press Secretary, Onogwu Muhammed on Tuesday in Abuja. The Army officers were ambushed after they responded to a distress call from the Nigeria Law School, Bwari. The governor stated that it was more saddening to find out that two out of the fallen gallant…
The Chief of Army Staff (COAS), Lt.-Gen. Faruk Yahaya, says the ongoing counter-insurgency and anti-banditry operations across the country has made the Nigerian Army to scale down its participation in peace support operations across the world. Yahaya made this known at the opening of the maiden Nigerian Army Peace Support Operations seminar on Tuesday in Abuja. The seminar has the theme “Nigeria in Contemporary Peace Support Operations Environment”. He said Nigeria’s participation in peace support operations dated back to the 1960s with notable achievements and commendations that contributed to regional and global stability and peace. The COAS noted the various…
Chevron Nigeria Ltd. has restated its commitment to take deliberate actions in ensuring that the country attain its net zero carbon emission goal by 2060. Mr Victor Anyaegbudike, Communications Manager, Chevron Nigeria and Mid-Africa, said this at the Nigerian-American Chamber of Commerce (NACC) breakfast meeting in Lagos on Tuesday. President Muhammadu Buhari, at the COP26 climate summit in Glasgow in November 2021, pledged that the country would reach net zero emissions by 2060 to save the environment. Anyaegbudike said that Chevron had taken steps before Nigeria’s decade of gas declaration which resulted in achieving 95 per cent reduction of gas…
The Ekiti State Governorship Election Petitions Tribunal has granted the prayers of Segun Oni of the Social Democratic Party (SDP) to conduct physical inspection of INEC ballot papers used in the June 18 election Oni is challenging the victory of Mr Abiodun Oyebanji, the governorship candidate of the All Progressives Congress (APC), before the tribunal headed by Justice Wilfred Kpochi, which had its inaugural sitting on Tuesday in Ado-Ekiti. Also joined as respondents in the case are the All Progressives Congress (APC), the APC National Chairman, the Independent National Electoral Commission (INEC) and the Deputy Governor-elect, Monisola Afuye. Other members…
The South African High Commissioner to Nigeria, Mr Thami Mseleku, has called for stronger collaboration between his country and Nigeria for effective implementation of the African Continental Free Trade Area (AfCFTA) agreement. The envoy said the collaboration would help to facilitate the acceleration of developing on the continent. Mseleku made the call in Abuja at the grand finale of a stage play titled “Philomena’’ produced by Monalisa Chinda, Bimbo Mannuel, Zack Ineydo and Rekiya Ibrahim-Atta to advocate the course of girl child in Africa. He said that Nigeria and South Africa, the two leading African economies, had deeper collaboration but if…
The Nigerian Army has confirmed three soldiers killed during the attack on troops of 7 Guards Battalion on Sunday by suspected terrorists in Bwari axis of the Federal Capital Territory (FCT). Contrary to conflicting media reports of casualties, the Assistant Director, Army Public Relations, Guards Brigade, Capt. Godfrey Abakpa, said the troops recorded three casualties in the encounter. Abakpa said no soldier was missing in action or abducted by the terrorists, adding that the casualties had been evacuated. He also said that the troops had dislodged the criminals from the area and had continued on exploitation operation into the area.…
The House of Representatives has passed a Bill after second reading to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future elections in the country. Rep. Sada Soli, the sponsor of the Bill at plenary in Abuja on Tuesday said that the bill would add more conditions to disqualification and appointment of Governor, Deputy Governor and Director of the CBN. According to him, why I am doing this is because there was a time the CBN Governor went to court seeking for an interpretation whether he can participate in partisan politics. “We need to address…
By Abdallah el-Kurebe Cassava seed producers have raised concerns over their inability to access loans and insurance cover to hedge against risks. They spoke at the second edition of the cassava seed business summit organized by the Building an Economically Sustainable and Integrated Cassava Seed System, Phase 2 (BASICS-II) project of the International Institute of Tropical Agriculture (IITA). The President of Industrial Cassava Stakeholders Association of Nigeria (ICSAN), Charles Adeniji noted that even though the Central Bank of Nigeria, commercial banks and microfinance banks have funding programs, they are usually burdened by administrative and process challenges that make access difficult.…