Economic Confidential

Nigeria’s Annual Fish Import hits 2.2m tonnes.

Nigeria's Annual Fish Import hits 2.2m tonnes. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr Ernest Umakhihe said Nigeria currently imports 2.2 million tonnes of fish while it produces 1.1 million tonnes against the total demand of...

Customs hit N1tn Revenue Collection in Six Months

Customs hit N1tn Revenue Collection in Six Months The Nigeria Customs Service (NCS) yesterday said it collected over N1 trillion between January and June 2021 as revenue for the federation. This represented an increase of N290. 20 billion compared to the...

NLC Advocates Sale of NNPC Shares to All Nigerians

NLC Advocates Sale of NNPC Shares to All Nigerians The Nigeria Labour Congress (NLC) has  canvassed that the Nigeria National Petroleum Corporation (NNPC) should be transformed into a public liability company where every Nigerian can own shares. NLC said the House...

New Loans: Nigeria May hit  Insolvency- Experts

New Loans: Nigeria May hit  Insolvency- Experts Economic and private sector operators have said that the decision of the  federal government to borrow N5.6 trillion to fund the proposed N13.98 trillion budget 2022, will further  worsen the nation’s debt problem...

NIRSAL MFB Says Alleged Diversion of AGSMEIS Loan Unfounded

NIRSAL MFB Says Alleged Diversion of AGSMEIS Loan Unfounded NIRSAL Microfinance Bank (NMFB) has said allegations that it had diverted the sum of N5 million loan facility under the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) with respect to a...

FIRS Hires Banks to recover N1.8trn from Multichoice

FIRS Hires Banks to recover N1.8trn from Multichoice The FIRS has appointed some commercial banks as agents to recover the sum of N1.8 trillion from accounts of Messrs MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA). This was contained in...
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