External Debt: FG Deducts N78bn From States Allocations For Servicing   The Federal Government deducted over N78bn from allocations made to the states for external debt servicing. This was according to data from the Federation Account Allocation Committee (FAAC) Disbursement reports published...

MAN, Others Reject FG’s Excise Tax Hike   The Organised Private Sector of Nigeria comprising the Manufacturers Association of Nigeria (MAN), the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Nigeria Employers’ Consultative Association (NECA), the Nigerian...

Reps Summon NIMASA DG, Halt $700m Cabotage Fund Disbursement   The House of Representatives has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to stop the planned disbursement of the $700 million Cabotage Vessels Financing Fund (CVFF). The lawmakers adopted a...

FG Says Livestock Accounts For Over 40 % Of Global Agric GDP   The Livestock sub-sector accounts for more than 40 per cent of the global agricultural Gross Domestic Product, Dr Ernest Umakhihe, Permanent Secretary, Ministry of Agriculture and Rural Development,...

Out Of 200m, Only 57.4m Nigerians Have BVN – CBN   The Central Bank of Nigeria (CBN) has said out of over 200 million Nigerians, only 57.4 million possess Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank...

NITDA Bill Not To Regulate Telecoms Business, Says NITDA   The National Information Technology Development Agency (NITDA) has disclosed that the agency does not seek to regulate telecoms business, but regulate Information Technology for development. This disclosure was made by the spokesperson,...