FG Targets N1.2trn From Telcos In 10 Years   The Federal Government targets N1.2 trillion from telecommunications (Telcos) operators in the next 10 years. To realise this, the Federal Executive Council (FEC) has authorised the Nigerian Communications Commission (NCC) to operate the...

NNPC Secures $5bn Funding From Afreximbank For Upstream Business   The Nigerian National Petroleum Company Limited (NNPC) has secured a $5 billion corporate finance commitment from the African Export-Import Bank (Afreximbank) to fund major investments in Nigeria’s upstream sector. The funding commitment...

Fed Govt Earns N174bn From Marginal Oil Fields Lease   At least N174 billion was raked in by the federal government from the payment for the 2020 marginal oil fields, the Commission Chief Executive (CCE) of Nigerian Upstream Petroleum Regulatory Commission...

NIPOST Enhances Operations With Electronic Banking   The Nigerian Postal Service (NIPOST) yesterday launched its e-Debit Card, agency banking platform and 27 cargo logistic vehicles to improve its service delivery nationwide. Minister of Communications and Digital Economy, Isa Pantami, who launched the...

FIRS Surpasses 2021 Target, Generates N6.4trn   The Federal Inland Revenue Service (FIRS) generates N6.405 trillion in 2021 despite the economic downturn experienced in the globe due to the coronavirus pandemic. The Executive Chairman of FIRS, Muhammad Nami, stated that the figure...

Reps, NACCIMA Urge CBN To Halt Implementation Of e-invoicing For Import, Export   The House of Representatives and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) yesterday asked the Central Bank of Nigeria (CBN) to immediately suspend...