Tag: September
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FAAC: September revenue shared to FG, States, councils shrinks
The Federation Account Allocation Committee (FAAC) on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month of September, 2019. The N693.529 billion comprised revenue from Value Added Tax(VAT), Exchange Gain and Gross Statutory Revenue in the month. A communiqué read by the Accountant General of the…
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September bond auction raises N146.6 bn for FG – DMO
The Debt Management Office (DMO) says it raised N146.6 billion for the N150 billion offered for three instruments in the September bond auction. DMO in a statement said the auction took place on Wednesday in Abuja. The office said that it received N207.5 billion in subscriptions for the three instruments of five, 10 and 30-year…
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2020 Budget: FG Vows to Meet September Submission Deadline
Nigeria’s Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, has said that the federal government will meet the 2020 budget proposal deadline set by the ninth National Assembly at the end of September. The Minister disclosed this at a meeting on national donor coordination held in Abuja recently. “The 2020 budget preparation process…
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Court adjourns SPIP case against Pinnick, others till September
A Federal High Court sitting in Abuja on Monday adjourned till 26th September 2019, a case brought against some top officials of the Nigeria Football Federation by the Special Presidential Investigation Panel. At the resumed hearing of the case on Monday, lawyer to the NFF officials, namely Mr. Amaju Melvin Pinnick (NFF President); Barrister Seyi…
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FAAC: FG, States, LGAs share N698.71b for September
The Federal Government, 36 States and FCT as well as 774 Local Governments on Thursday shared N698.7billion for the month of September. The Minister of Finance, Mrs Zainab Ahmed, said this in Abuja, while briefing newsmen on the outcome of the Federation Account Allocation Committee (FAAC) meeting. Giving a breakdown of the revenue accrued in…
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World food prices slip in September – FAO
World food prices slipped in September from the month before, with only sugar posting a rise, the UN food agency said on Thursday. The Food and Agriculture Organisation’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 165.4 points last month. The figure is…
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CBN Manufacturing Index Growth Rate Slows in September
The Central Bank of Nigeria (CBN) has released its Manufacturing Purchasing Manager’s Index (PMI) for the month of September. According to the data released by the apex bank, the manufacturing PMI stood at 56.2 index points, indicating expansion in the manufacturing sector for the 18th consecutive month, however, at a slower rate when compared to…
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Why can’t pay new minimum wage by September – FG
A new national minimum wage will not materialize by the end of September as envisaged, Minister of Labour and Employment, Chris Ngige, has said. The September date was just a date to conclude negotiation on minimum wage, Ngige said while speaking with journalists in Abuja yesterday. Outlining the work ahead Ngige said: “The committee on…
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Workers lament as FG recants on September deadline for new minimum wage
The Federal Government on Tuesday said the September deadline earlier stated for the implementation of the new minimum wage was no longer feasible as the date was fixed for conclusion of negotiations and not actual implementation as widely speculated. Minister of Labour and Employment, Senator Chris Ngige told newsmen at his residence in Abuja that…
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We generated N1.3bn in September – Bayelsa Govt
The Bayelsa Government has recorded N1.3 billion as Internally Generated Revenue (IGR) in September, the Deputy Governor, retired Rear Adm. John Jonah, said on Friday. Breaking the financial statement for September in Yenagoa, Jonah said the state had realised about N1.3 as IGR in August. The News Agency of Nigeria (NAN) recalls that Bayelsa had…