Fed Govt Generates N127.03bn Tax From Calls, SMS   The Federal Government made N127.03bn from Value Added Tax on calls, SMS, data, and other information and communication services in the first six month of the year. This is 10.69 per cent of...

Nigeria’s Cocoa Exports To Boost Non-oil Revenues   Nigeria’s cocoa exports appear set to contribute more to the country’s non-oil revenues as stability in the global market continued to support the growth of its exports. The International Cocoa Organisation(ICCO) revised forecasts for...

Osinbajo Says Debt-for-climate Initiative Will Reduce Nigeria’s Debt Burden   The Vice President of Nigeria, Prof. Yemi Osinbajo, has said the Federal Government will reap a huge debt relief from some creditors in dollars if Nigeria’s idea for a Debt-for-Climate swap...

In 12 Months, Discos Suffered N543bn Revenue Loss   The latest report by the Nigerian Electricity Regulatory Commission (NERC) shows that total billing to electricity consumers by the 11 distribution companies stands at N816bn. The report also shows that out of this...

Fed Govt Pays Foreign Firm $496m For Contract Violation   The Attorney-General of the Federation and Minister of Justice, Abubakar Malami has disclosed that the Federal Government has settled a long-standing $5.26bn contractual dispute with a foreign investor group in the...

Commercial Banks Borrow N4.4trn From CBN In Three Months   Deposit money banks (DMBs) accessed an accumulated value of N4.4 trillion from the Central Bank of Nigeria (CBN) through its overnight lending window from June to August, data sourced from the...