Monetary

Stamp Duty Revenue Projection Reduced To N200bn     The FIRS said it has deployed technology to increase its tax base as well as improve the collection...

Discos Lose N366bn To Tariff Hike Postponement   The postponement of the electricity tariff hike shift from April to June is estimated to have cost the...

NPA Generates N180bn From Dredging, Equipment Management     The Nigerian Ports Authority (NPA) has made over N180 billion from dredging and equipment management over the last...

DMO Faults Reps, Says Lawmakers Approved $3.18bn Chinese Loans   The Debt Management Office has said all the loans collected by the Federal Government from China,...

World Bank Approves $346m For Lake Chad Region Projects   The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in...

Banks’ Investments In Software Rise To N46.2bn     Ten Deposit Money Banks reported fresh investments valued at N46.2bn in software in the first three months of...

Importers, Agents Berate NPA, NSC Over N150bn Charges   Importers and clearing agents at the seaports have raised the alarm over the plan by shipping firms...

COVID-19: CBN Okays N10bn For Healthcare Loans     The Central Bank of Nigeria (CBN) has approved N10 billion aggregate loan request by pharmaceuticals and other health...

Customs Impound Indian Hemp Worth N1bn   The Nigerian Customs Service, Western Marine Command, says it seized various contraband goods worth N1.06bn in the first quarter...

Nigeria Loses N125bn Oil Revenue To COVID-19      Nigeria’s oil revenue target fell by N125.52 billion in the first quarter (Q1, 2020) to N940.91 billion, according...

Contractors Continue Agric Ministry Picketing Over N17bn Debt   Aggrieved contractors owed over N17bn by the Federal Ministry of Agriculture and Rural Development are mobilising to...

Global Fiscal Support To Fight COVID-19 Pandemic Hits $9trn - IMF   The global governments support for the war against COVID-19 now stands at a about...

Customs Get Approval To Spend N623.7m On Computers     The Federal Executive Council on Wednesday approved N623.7m for the Nigeria Customs Service to buy computers for...

Set Up N15bn Emergency Fund, Reps Tell Fed Govt     The House of Representatives on Tuesday urged the Federal Government to set up a strategic N15...

Contractors Threaten Agric Ministry Over N17bn Debt     Contractors that handled the 2018 procurement in the Ministry of Agriculture and Rural Development, have threatened to take...

CBN, NNPC To Spend N1bn On 3,000 Returnees     The Central Bank of Nigeria and the Nigerian National Petroleum Corporation have agreed to spend over N1bn...

FG Loses $1bn Annually In Maritime Sector     A former Director General (DG) of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, has said...

Pension Fund Operators Invest N47.32bn In Infrastructure   The Pension Funds Administrators have increased their pension funds investment in infrastructure to N47.32bn, latest statistics from the...

In Four Months, Tin-Can Island Customs Generated N117.839bn   The Tin-Can Island Command of the Nigeria Customs Service (NCS) has reported that it generated N117.839 billion...

Currency In Circulation Rises By N11.38bn In One Month     The total currency in circulation in the country rose to N2.3tn as of April 30 from...