FG Denies Stopping Revenue Agencies from Deducting Cost of Collection at Source The Federal Ministry of Finance has debunked media reports claiming that the Federal Government has stopped revenue-generating agencies from deducting their cost of collection at source. In a statement...

Passengers Arrested with over $6.1m Cash at Lagos Airport   Security officials at the local wing of the Murtala Muhammed Airport in Lagos have arrested some passengers alleged to be travelling on an Aero Contractors flight with cash exceeding $6.1 million...

Bauchi’s Investment Summit: Heralding a New Era of Prosperity, By Lawal Muazu Bauchi   Bauchi State is gradually emerging as a model of purposeful governance and strategic investment in Nigeria. The recently concluded Bauchi State Economic and Investment Summit has further...

Bilateral Companies Owe Nigeria $8.5m for Power Supply - NERC The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply. In its latest quarterly report,...

CBN Settles $7bn Verified Forex Backlog   Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that his administration has cleared over $7 billion in verified foreign exchange backlogs within two years in office. He said the CBN...

NCDMB, NEXIM Release N62bn to Boost Oil & Gas SMEs   As part of the measures to empower Nigeria’s oil and gas services sector, the Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have disbursed about...