We Recover N25.13bn Unremitted Pension Contributions - PenCom   The National Pension Commission (PenCom) has recovered N25.13 billion from defaulting employers. PenCom made this known in a report. The sum, it said, comprised N12.80 billion principal contributions, and N12.33 billion penalties for...

'Nigeria’s Inflation Rate to Hit 30% by December 2023'   Stears, a leading economic analysis and data-driven insights provider, on Tuesday announced its market-leading Pan-African inflation forecasts, projecting Nigeria’s annual inflation rate to climb steadily until year-end, closing the year at...

Reps Summon Cardoso Over Reversal of Ban on Rice Importation, Others House of Representatives has resolved to summon Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, over the lifting of ban on the importation of rice and 43 other items. Cardoso...

NNPCL Records 149 Oil Theft Cases In a Week   The Nigerian National Petroleum Company Limited (NNPCL) said it recorded 149 incidences of crude oil theft across the Niger Delta in one week. In a statement on Tuesday, the Company said in...

FG to Implement Telecoms Tax to Boost Revenue   The Federal Government is set to implement excise duty on telecommunication services to boost its revenue base. It disclosed this in its newly released 2024-2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper. It would...

FAAC Shares N903.480bn to FG, States, LGAs for September   The Federation Account Allocation Committee (FAAC) has shared a total sum of N903.480 billion September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. A communique issued by...