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Refineries will Fail despite FG’s spending – Marketers

•AMCON, banks seize oil dealers’ tank farms Oil marketers have declared that the country’s refineries would not work as expected despite the billions of dollars being spent by the Federal Government on rehabilitating the facilities. According to the Major Oil Marketers...

FG Allots N256.23m In November Savings Bond Sales

The Federal Government allotted N256.23 million in its November, 2019 and 2020 savings bond sales, according to the Debt Management Office (DMO). The allotment results, derived from its website on Friday showed that N72.42 million was allotted at 12.09 per...

FG Earned N250.56bn VAT Revenue In Q3 – NBS

The National Bureau of Statistics released the Value Added Tax sectoral distribution report for the third quarter of this year with the country recording a total VAT revenue of N250.56bn. When compared with the N246.3bn VAT revenue that was generated...

December Target For 2018 Budget Passage’ll Fail – Senate

The Senate has said Nigerians should not blame the National Assembly if it is unable to meet the December target for the passage of the 2018 Appropriation Bill. The upper chamber of the National Assembly specifically blamed the imminent delay...

Nigerian States’ Debts Increase To 4% Of GDP

Although the second quarter report of the National Bureau of Statistics showed that Nigeria had exited recession, several challenges remain at different levels of government, the World Bank has warned. In a report released in Abuja on Wednesday, the World...

Reps Investigate Alleged Missing $60bn Petroleum Profit Tax Revenue

•Knocks CBN, FIRS, DPR House of Representatives Committee on Public Petitions says it will investigate alleged missing $60.3 billion Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria (CBN). Chairman of the committee, Mr Uzoma Nkem-Abonta (Abia-PDP), stated...
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