Nigeria Spends $1.12bn on Foreign Debt Servicing in Q1
The Federal Government spent about $1.12bn on foreign debt service payments in the first quarter of 2024, highlighting the growing burden of external debt on the nation’s finances.
Data obtained from the international payment segment of the...
Ondo Internal Revenue Rises to N40bn
The Ondo State Government has disclosed that its Internally Generated Revenue has increased by 300 per cent to N40bn from N10bn.
The Chairman of the Ondo State Internal Revenue Service, Mr Tolu Adegbie, stated this at the induction/training programme for...
Ogun Customs Confiscates N380.37m Contraband
The Nigeria Customs Service, Ogun 1 Area Command has confiscated 103 contraband with a duty paid value of N380.37m in 23 days.
The Area Controller of Ogun 1 Command, Comptroller James Ojo, disclosed this during his maiden briefing in Abeokuta on...
FG to Telecoms: Tariff Hike Not a Viable Option
The Federal Government has faulted the proposal by telecommunications companies to raise their tariffs, emphasising that increasing data, voice and text message prices isn’t the “sole or optimal solution” to the sector’s challenges.
It also urged the...
The complexity in interpreting and applying specific provisions of the Cybercrime Act 2015 stifled national cybersecurity efforts in the face of well-organised cyber syndicates and well-funded terror adversaries.
Naira Drops to N1,410 per Dollar in Parallel Market
The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar.
Data from FMDQ showed...
