Loss in Power sector hits N1.7trillion Power sector regulator, the Nigeria Electricity Regulatory Commission (NERC) has said that the entire market participants in the Nigeria Electricity Supply Industry (NESI) recorded a total of N1.7 trillion tariff-related shortfall between 2015-2019. It insisted...

2019: PFAs invested N1.03trn in FG’s bonds, treasury bills -Report Pension Fund Administrators (PFAs) invested N1.03 trillion in Federal Government bonds and treasury bills in 2019. A report on pension fund assets as at December 2019 released by the National Pension...

Ecological Fund: Senate Summons SGF over N596bn The Nigerian Senate has summoned the Secretary to the Government of the Federation(SGF), Mr. Boss Mustapha, to explain how N596 billion that accrued to the Ecological Fund Account from 1999 to 2015 was...

FG Urged to Seek Domestic Capital for Infrastructure Funding Stakeholders in the capital market have stressed the need to attract private and domestic capital for funding of critical infrastructure in the country. The stakeholders stated this at the Securities and Exchange...

SEC Mulls New Recapitalization programme for Operators Capital market operators should brace up for recapitalization programme as indications emerged that the Securities and Exchange Commission (SEC) may introduce new minimum capital requirements. Mr Reginald Karawusa, SEC acting Executive Commissioner, Legal and...

FIRS Explains failure to meet tax target  Non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs have been adduced as major reasons why the Federal Inland Revenue Service (FIRS)had failed to meet its tax revenue targets in...