Unpaid Minerals Export Royalties to Federation Account hit N17.12bn The Federal government has said that outstanding unpaid royalties from Minerals export between 2013 and 2017 to the Federation Account amounted to N17.12billion. The Minister of Mines and Steel Development, Olamilekan Adegbite...

Reps Plan to Prevent NCC, NPA, NIMASA from spending revenue The House of Representatives is moving to prevent some ministries, departments and agencies from further spending and diverting the revenue they generate, especially the Nigerian Ports Authority, the Nigerian Communications...

Economy sustains recovery with 0.51% GDP growth in Q1 Nigeria’s economy appears to be on sustained recovery from recession as the Gross Domestic Product (GDP) grew by 0.51% (year-on-year) in real terms in the first quarter of 2021 (Q1’21). This...

Banks’ USSD debts to telecom firms hit N47 billion The total debts owed by banks to telecommunications service providers arising from the use of Unstructured Supplementary Service Data (USSD) have risen from N42 billion to N47billion. USSD is a Global System...

First deep seaport reaches 51% completion Nigeria’s first deep seaport project, the Lekki Deep Sea Port, promoted by Lekki Port LFTZ Enterprise Limited, (LPLEL), will upon completion have an aggregate economic impact of $361 billion over its 45-year concession, creating...

SEC Adopts guidelines on Sustainable Finance for CMOs The Securities and Exchange Commission has adopted the Nigerian Sustainable Finance Principles (NSFP) as developed by the Financial Services Regulation Coordinating Committee (FSRCC) for the capital market. This was contained in a statement...