25.1 C
Abuja
Saturday, November 23, 2019

Reps Probe $396m Refinery Maintenance Expenses

Reps Probe $396m Refinery Maintenance Expenses   The House of Representatives has begun investigation into the ‘Turn-Around Maintenance’ of the petroleum refineries in Port Harcourt, Warri...

NCC Fines CWG N25m For Violation

NCC Fines CWG N25m For Violation   The Nigerian Communications Commission has fined CWG Plc, an integrated information and communications technology company, N25m for violating some...

FG Recovers N594.08bn Through Whistle-blower Policy Since 2016

FG Recovers N594.08bn Through Whistle-blower Policy Since 2016 Since the adoption of the whistle-blower policy in 2016, the Federal Government has so far recovered N594.09bn...

In 12 Months, Foreign Debt Servicing Gulps $1.66bn

In 12 Months, Foreign Debt Servicing Gulps $1.66bn   Servicing the nation’s external debt gulped $1.66bn in one year, from July 2018 to June 2019, an...

Nigerian Aviation Company Invests N2bn On Ground Handling Equipment

Nigerian Aviation Company Invests N2bn On Ground Handling Equipment The Nigerian Aviation Handling Company (NAHCO) Plc disclosed yesterday that it has spent N2bn to acquire...

FEC Okays N200bn Loan For BoI

FEC Okays N200bn Loan For BoI   The Federal Executive Council (FEC) has approved the issuance of a Sovereign Guarantee of 500 million Euros (N200bn) from...

Senate Passes Buhari’s Finance Bill

Senate Passes Buhari’s Finance Bill   The Senate on Thursday passed President Muhammadu Buhari’s Finance Bill, 2019, which seeks an amendment of Nigeria’s tax laws. The passage...

FG, States LGs Share N702.058bn For October 2019

FG, States LGs Share N702.058bn For October 2019   The Federal Account Allocation Committee (FAAC), at its meeting in Abuja shared to the Federal Government, States...

Customs Seize N2.5m Fake Currency

Customs Seize N2.5m Fake Currency   The Ogun Area 1 Command of the Nigeria Customs Service has said it intercepted fake currency notes worth about N2.5m. Also...

FGN Nov Bonds Oversubscribed By N102.35bn

FGN Nov Bonds Oversubscribed By N102.35bn   The FGN bond auction by the Debt Management Office which took place on Wednesday was oversubscribed by N102.35bn. The DMO...

2020 Budget Contains N150bn Wasteful Expenditure – Report

2020 Budget Contains N150bn Wasteful Expenditure - Report   The Centre for Social Justice on Wednesday faulted the 2020 budget presented by President Muhammadu Buhari to...

NPA Reserves N202bn For 2020 Operations

NPA Reserves N202bn For 2020 Operations   The Nigerian Ports Authority (NPA), has proposed and defended a budget of N202 billion it intends to spend for...

Finance Bill Suffers Setback, Threatens 2020 Budget

Finance Bill Suffers Setback, Threatens 2020 Budget   The plan by the Federal Government to shore up its revenue base by amending seven Acts of the...

Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective – AfDB

Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective - AfDB Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African...

CBN Recorded $11.69bn Forex Inflow In Q3, 2019

CBN Recorded $11.69bn Forex Inflow In Q3, 2019   Central Bank of Nigeria says it recorded a total of $11.69bn foreign exchange inflow in the third...

NIMASA Remits N16bn Revenue In Ten Months

NIMASA Remits N16bn Revenue In Ten Months   The Nigerian Maritime Administration and Safety Agency has remitted a total sum of N16bn to the Consolidated Revenue...

Customs Seize N200m Worth Of Goods In Jigawa , Kano

Customs Seize N200m Worth Of Goods In Jigawa , Kano   The Comptroller General of Customs strike force team has seized contraband goods worth over N200m...

Depositors Petition Banks Over Fraud, Charges

Depositors Petition Banks Over Fraud, Charges   About 3,051 depositors petitioned their banks and other financial institutions over various complaints such as excess/unauthorised charges, fraudulent activities,...

Ten Banks Generate N578bn Commission In 9 Months

Ten Banks Generate N578bn Commission In 9 Months   Ecobank Transnational Incorporated, Zenith Bank Plc and United Bank for Africa Plc led seven other banks in...

N1bn Debt: AMCON Takes Over Ex Mininster, Ademola Seriki’s Assets

N1bn Debt: AMCON Takes Over Ex Mininster, Ademola Seriki’s Assets   The Asset Management Corporation of Nigeria has taken over two properties belonging to Ademola Seriki,...