Shola Shittu

FIRS earns N2.7tr revenue in 9 months – Fowler

The Federal Inland Revenue Service (FIRS) said it has generated N2.7trn revenue from oil and non-oil sources as at September 2016 which represents 81 percent of the third quarter cumulative target of 3.12tr in the 2016 budget. The Executive Chairman...

Nigeria saving $4.5m Daily from PMS Deregulation— FG

The Federal Government said the country was saving $4.5 million daily, (about N1.395 billion) from the deregulation of petroleum products. This came as indications emerged that more tank farms were running out of petroleum products in Apapa area of...

Senate orders Refund of N264b Diverted from Education Fund

• Reps warn Adeosun, Emefiele, Nwankwo over bailout for states • Seek probe of arms purchase The Senate ordered the refund of N263,931,254,708.51 billion allegedly diverted from the Tertiary Education Trust Fund (TETFUND) by the Federal Government. The decision follows a revelation...

Foreign, Domestic Investors’ Transaction Decline By 41% In 9 Months

Foreign and domestic participation in equities trading at the Nigerian Stock Exchange (NSE) suffered significant decline of 40.59 per cent in the first nine months of the year. The latest report of domestic & foreign portfolio participation in equity trading,...

Germany, Nigeria Partner to Tackle Recession

The German government has declared interest in partnering Nigeria to salvage the recession rocking the country through vocational trainings to provide jobs for the teaming youths, ensure good qualification and through boosting of enterprise in Nigeria. It said this is...

Solid Minerals: Oyo urges FG to pay 13% derivation

Oyo State Government, on Wednesday urged the Federal Government to commence the payment of 13% derivation from royalties, taxes and levies from solid minerals to the State and Local Governments. The State Government made the request through the Secretary to...
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