12:30 amBudget 2018: Better days are coming, say experts     12:29 amMagu: EFCC recovers N738b in two years     12:28 amIGP blocks Senate probe of Misau’s allegations     12:27 amIbadan 21 obas: Olubadan ‘ll reconcile with Ajimobi, says Oluwo     12:26 amNine die, four injured in Plateau attack     12:25 amSenate refers NDDC board extension row to SGF     12:25 amDrivers protest colleague’s death in Abuja     12:25 amBudget 2018: Our hopes, fears, by stakeholders     12:24 amHow Diezani cash was allegedly shared, by EFCC     12:00 amImmigration boss accused of flouting court’s order     12:00 amMonkeypox victim loses pregnancy     12:00 amNIPSS: Osun tourist sites possess huge potential     12:00 amRochas Foundation ‘ready for Johnson-Sirleaf’s visit’     12:00 a...

Budget size: N8.612 trillion (16 % higher than 2017 estimates) Expenditure Estimates The proposed aggregate expenditure of N 8.612 trillion (16 per cent above 2017 budget estimate) will comprise Recurrent Costs of N3.494 trillion Debt Service of N2.014 trillion Statutory Transfers of about N456 billion Sinking Fund of N220 billion (to retire maturing bond to local contractors) Capital Expenditure of N2.428 trillion (excluding the capital component of statutory transfers). Recurrent Expenditure A substantial part of the recurrent cost proposal for 2018 is for the payment of salaries and overheads in key ministries providing critical public services such as: N510.87 billion for Interior N435.01 billion for Education N422.43 billion for Defence N269.34 billion for Health Capital Expenditure Key capital spending allocations in the 2018 Budget include: Power, Works and Housing: N555.88 billion Transportation: N263.10 billion Special Intervention Progra...

President Muhammadu Buhari yesterday proposed a N8.612 trillion expenditure for next year. The “Budget of Consolidation” is a nominal increase of 16 per cent above this year’s estimate. The President told a joint sitting of the Senate and House of Representatives that the 2018 Budget will consolidate on the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2018 – 2020. The Federal Government presented a budget of N7.44 trillion for the outgoing year 2017.The President noted that in keeping with the government’s policy, 30.8 per cent (or N2.652 trillion) of aggregate expenditure (inclusive of capital in Statutory Transfers) has been allocated to the capital budget. The government, he said, expects fiscal operations to result in a deficit of N2.005 trillion or 1.77 percent of GDP. The reduction in deficit is in line with the government’s plans under the ERGP to progressively reduce deficit and borrowings. The deficit wi...

    12:10 amBuhari proposes N8.6tr ‘Budget of Consolidation’     12:09 amThe budget at a glance     12:08 amRumpus over Olubadan’s title for Shittu     12:07 amEFCC: DSS operatives invited over $2.2b arms scandal     12:06 amSaraki, Dogara: How to achieve smooth passage of budget     12:05 amJersey Island gives conditions for return of $300m Abacha loot     12:04 amControversy over extension of NDDC board’s tenure     12:04 amBuhari: Nigeria emerging from tough economic period     12:02 amKaduna condemns use of pupils for protests     12:02 amFasanmi, others condole with Tinubu over son’s death     12:02 amElevators at Abuja airport undergoing repairs, says FAAN     12:02 amHow to make Budget of Consolidation work, by MAN, LCCI, others     12:02 amGunmen abduct lawyer in...

For about seven and a half hours yesterday, the Economic and Financial Crimes Commission (EFCC) grilled a former Kogi State Governor Idris Wada in connection with the ongoing probe of N23billion poll bribery scandal. The poll bribery cash was facilitated by a former Minister of Petroleum Resources, Mrs. Diezani Alison- Madueke. Wada was quizzed in respect of about N500million allocated to Kogi State. The anti-graft commission also quizzed a former acting Governor of Taraba State Sani Abubakar Danladi over another tranche of N450million bribe cash.It was unclear last night if the ex-governor had been released. An EFCC source said: “The ex-governor came to the EFCC at about noon on Monday for interrogation on the N500million allocated to the state. “Our detectives were able to show him some transactions and asked Wada to clarify a few things.” In a separate statement, the EFCC said it has also quizzed a former Acting Governor of Taraba State, Sani Abubakar Danladi. Th...

1:55 am AKISCOM elects new officers, set for inauguration 12:14 am Oil rises to $62.33 12:10 am PDP crises grow in states 12:09 am Varsities unions brace for battle 12:07 am 26 Nigerian women found dead at sea 12:06 am EFCC grills ex-Governor Idris Wada 12:05 am 50 kids die of ‘strange disease’ in Jigawa 12:05 am UniAbuja hospital staff protest non-payment of salary 12:04 am Fed Govt to militants: why you must keep the peace 12:02 am Bi-Courtney challenges NCAA to restore approval for regional flights from MMA 2 12:02 am Phone repairer receives 22 strokes of cane 12:02 am OML 29 not for sale, says Aiteo Group 12:02 am Navy ready to neutralise criminals 12:02 am Amnesty: Over 400 militants to surrender arms in Ondo 12:02 am Ambode to corporate bodies: support govt with CSR projects 12:02 am LSSTF seeks partnership with private firms 12:02 am Lagos court reserves verdict in N38m lease agreement 12:02 am Sales boy to spend Christmas in...

The biggest casualties in terms of deposit loss should the Federal Government go-ahead to implement court order on funds forfeiture for Bank Verification Number (BVN) non-compliant accounts will be the first generation banks, The Nation has learnt. These set of banks, according to an industry source who spoke anonymously, seem to have the largest number of customers that have stayed with them for close to or over 100 years. Justice Dimgba Igwe of the Federal High Court, ruling on an ex parte application filed by the Federal Government through the Office of the Attorney-General of the Federation on October 21, granted the temporary forfeiture of funds in accounts not linked to BVN within two weeks unless the owners justify their ownership of such accounts. The deadline for compliance ended yesterday. The source said it would be very difficult to put a figure to the 46 million accounts not linked to BVN, adding that: “The first generation banks are believed to have the larges...

6:00 am BVN: Banks that may suffer from deposit loss 12:30 am Fresh crisis looms in Niger Delta as Avengers threaten to resume bombings 12:29 am Ibori, Uduaghan, others pay last respects as Itsekiri leader Ayomike is buried 12:28 am Untold story of Kogi director’s suicide 12:27 am How we paid Evans N100m to secure my brother’s release, by witness 12:26 am Maina opens can of worms in letter to Senate President 12:25 am Lessons my son’s death taught me —Tinubu 12:24 am Shocking confession of couple-robbers: we got rifle with which we robbed from another couple 12:23 am IGP gives condition to honour Senate’s invitation  12:20 am Peace Corps officer arrests four robbers, rescues two victims 12:20 am Dasuki says he can’t recall his dealings with Metuh 12:19 am Police have no right to seal any organization — PCN boss 12:00 am Burglar gets stuck in window for five hours in botched break-in 12:00 am Take heart, Babangida tells APC chieftain 12:0...

Noami, wife of Chief Tuesday Jumbo, the Clan Head of Obong, in Etim Ekpo Local Government Area of Akwa Ibom State has been set free by her captors suspected to be kidnappers. Our correspondent learnt that Noami,  who was seized by suspected kidnappers numbering five near her country home,  Obio Edem Urua,  Etim Ekpo local government area,  about a week ago,  was freed after a whopping N2. 5m was paid as ransom. A source said the Monarch successfully negotiated with his wife’s abductors and agreed to part with N2. 5million to effect her release. The source disclosed that the kidnappers blindfolded and ferried the monarch’s wife from Ukwa Ngwa forest in the neighbouring Abia State and dropped her at Iwukem village, about 10 minutes drive to her palace iin Ibio Edem Urua. The distraught monarch, it was learnt, was called to pick his freed wife, who was said to have been immediately taken to undisclosed hospital for medical examination. “Y...

4:14 am 500 Nigerians in Chinese prison – Abike-Dabiri 4:01 am CAN denies endorsing Fayose for president 3:21 am Kidnappers release monarch’s wife after collecting N2.5m 3:00 am Businessman in court for alleged forgery 2:56 am TEDxMende Women holds conference in Lagos 2:51 am Six persons arrested in Aba over child trafficking 2:40 am Man in court for stealing employer’s N2.7M 2:27 am 21 Corps members to repeat service year in Kano 2:16 am Milan draw another blank in Europa League, as Everton go out 2:11 am Evra sent off before match kick-off 1:00 am EFCC raises panel to grill ex-SGF Lawal, seven others 12:59 am Govt to IMF: our strategy ’ll mitigate debt service risk 12:58 am ‘Why there are no drugs in State House Clinic’ 12:57 am Buhari to tour Southeast states 12:56 am Ngige: Buhari’s government has created 7m ‘blue collar’ jobs 12:55 am Patience Jonathan’s $15.591m case gets new date 12:54 am NLNG awards $100,000 to three winners of...

Facebook Twitter Google+ Pinteres LinkedI Wha A total of 20 goals were scored from the eight matches played in the UEFA Champions League matches on Tuesday. While Chelsea were well Beaten in Rome by Basel (El Shaarawy (2) and Perotti) Man Utd Beat Benfica as Luckless keeper Svilar scored own goal, before Blind penalty. Layvin Kurzawa  scored hatrick in  PSG ‘s 5-0 win at home to  Anderlecht, Neymar and  Marco Verratti were also on the score sheet. Roma 3- 0 Chelsea. El Shaawawy scored his second goal in the 36th minute. Recall he scored the first goal in the first minute into the match, before  Diego Perotti made it three in the 64th minutes. This is how Roma scored their first goal, Aleksandar Kolarov bombed down the left, found former Manchester City team-mate Edin Dzeko and he flicked it down to Stephan El Shaarawy for an absolute Halloween screamer. Sporting CP 1-1 Juventus Bruno  Cesar ...