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Thursday, October 17, 2019

Discos Map Out N935bn Investment Plans

Discos Map Out N935bn Investment Plans Power distribution companies are set to invest N935bn in their networks as calls for the recapitalisation of Discos heighten. A...

Experts Oppose IMF’s Call For Tax Hike

Experts Oppose IMF’s Call For Tax Hike   Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International...

FG To Expend N65bn On Broadband Infrastructure

FG To Expend N65bn On Broadband Infrastructure     The Minister of Communications, Dr Isa Ali Ibrahim Pantami meets NCC, telcos on telecom infrastructure, others A total...
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CBN Prints N176.9bn Banknotes In 4 Years

CBN Prints N176.9bn Banknotes In 4 Years   The Central Bank of Nigeria has said a sum of N176.9bn was spent to print banknotes between 2015...

Nigeria’s Public Debt Rises To N25.7trn

Nigeria’s Public Debt Rises To N25.7trn   The nation’s total public debt rose by N3.32tn in one year to N25.7tn as of the end of June...

CBN Destroys N1.89trn Fake, Mutilated Naira Notes

CBN Destroys N1.89trn Fake, Mutilated Naira Notes     The Central Bank of Nigeria says it destroyed unfit Naira currency notes worth N1.89trn in two years, 2017...

IMF Advises CBN To Unify Nigeria Exchange Rate System

IMF Advises CBN To Unify Nigeria Exchange Rate System     The International Monetary Fund has advised the Central Bank of Nigeria to unify the country’s exchange...

AMCON’s Debt May Hit N6.6trn By 2024

AMCON’s Debt May Hit N6.6trn By 2024   The debt of the Asset Management Corporation of Nigeria (AMCON) may rise from the current value of N5trn...

ABCON Cautions FG Against VAT Hike

ABCON Cautions FG Against VAT Hike   The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned against the proposed increase in the Value...

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant   The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse...

FG Spent N3.3trn In Six Months, Minister Says

FG Spent N3.3trn In Six Months, Minister Says     The Federal Government has spent the sum of N3.39tn within the first six months of this year...

PFAs Invests N1.03trn Pension Funds In Banks

PFAs Invests N1.03trn Pension Funds In Banks   The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the...

Customs Port Harcourt Command Rakes In N81.2bn Revenue

Customs Port Harcourt Command Rakes In N81.2bn Revenue   The Nigeria Customs Service (NCS) Area II Command, Onne Port, has announced that it generated a total...
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CBN’s Support To Power Sector Now N1.695trn

CBN’s Support To Power Sector Now N1.695trn     The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to...

AMCON Charged On Recovery Of N5trn Debt

AMCON Charged On Recovery Of N5trn Debt   The Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the Asset Management Corporation of Nigeria (AMCON) to...

FG Proposes N536.7bn For Pension, Others In 2020

FG Proposes N536.7bn For Pension, Others In 2020     The federal government has proposed a total of N536,717,450,121 for settlement of pensions, gratuities and retirement benefits...

Nigeria Has Lowest Tax Rate Globally, Says Agba

Nigeria Has Lowest Tax Rate Globally, Says Agba   The Minister of State for Budget and National Planning, Prince Clem Agba, has defended the recent increase...

FG, IOCs Commence Talks On $62bn Dispute

FG, IOCs Commence Talks On $62bn Dispute   The Federal Government has commenced preliminary talks with international oil companies in a bid to settle a dispute...

Banks Record N49.4trn Online Transactions

Banks Record N49.4trn Online Transactions   Increase in alternative digital payment platforms has reduced the number of visits to banking halls as indicated by the reduced...

FG To Refund Yola Disco Investors N26.9bn

FG To Refund Yola Disco Investors N26.9bn   The Federal Government is planning to refund the core investors in Yola Electricity Distribution Company the sum of...