Reps Probe Banks Over Dividends, Unremitted Funds   The House of Representatives, on Wednesday, resolved to set up an ad hoc committee to investigate the “suspicious and unclaimed funds” in various accounts in commercial banks in Nigeria. The House mandated the committee...

Power Tariff Shortfall Hits N2.4trn In Six Years   Power tariff shortfall hits N2.4trn as power consumers did not pay a total of N2.4trn for the quantum of electricity they consumed between 2015 and 2020, the Federal Government has stated in...

Nigeria Should Prepare For Unstable Loan Markets - IMF   The International Monetary Fund (IMF) has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need to prepare for turbulence in financial markets. The Washington-based lender also...

2022 Budget: Senate approves N215.8bn for FIRS     The Senate has approved N215.8 billion as budget for the Federal Inland Revenue Service (FIRS) for the 2022 fiscal year. The budget was approved in plenary on Wednesday. It was sequel consideration of a report...

NNPC Presents N3trn Subsidy Bill For 2022 To FEC   The Nigerian National Petroleum Company, NNPC, Limited has presented to the Federal Executive Council FEC a bill of N3 trillion as what is required in 2022 for payment of petroleum subsidy. This...

Bond Investors To Get N605bn Repayment   Bond investors may receive N605 billion in repayment of the principal amount and last coupon on maturing Federal Government of Nigeria (FGN) Bonds, while disbursements are expected to be made to the three tiers...