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Abuja
Thursday, December 5, 2019

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was...

IDSL Records N19bn Revenue In 2018

IDSL Records N19bn Revenue In 2018   The Integrated Data Services Limited, IDSL, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has recorded a significant...

FG Generates N5bn Annually From Sugar Levy, NSDC Says

FG Generates N5bn Annually From Sugar Levy, NSDC Says   The National Sugar Development Council (NSDC) has revealed that the Federal Government generates N5 billion annually...

Fashola Requests Extra N255.6bn For Road, Bridges Repairs

Fashola Requests Extra N255.6bn For Road, Bridges Repairs   The Federal Government is currently constructing and rehabilitating 524 highways and bridges across the country, the Minister...

In 2017, Nigeria Flared Gas Worth $1bn, 3000MW – Sylva

In 2017, Nigeria Flared Gas Worth $1bn, 3000MW - Sylva   The Minister of State for Petroleum Resources, Mr. Timipre Sylva has disclosed that Nigeria flared...

Disco Spent N11bn To Install 178,000 Meters In 5 Years

Disco Spent N11bn To Install 178,000 Meters In 5 Years   The Abuja Electricity Distribution Company (AEDC) has disclosed that it invested N11 billion in installing...

FG Currently Owes Pensioners N400bn, Says Senate

FG Currently Owes Pensioners N400bn, Says Senate   The Federal Government currently owes its retirees over N400bn accrued pension rights, the Senate Committee on Establishment and...

N275bn Generated From VAT In Q3 Of 2019 – NBS

N275bn Generated From VAT In Q3 Of 2019 – NBS   The National Bureau of Statistics (NBS) said the sum of N275.12 billion was generated as...

NEITI: Nigeria’s Indebtedness To IOCs In Cash-call Hits $3.501bn

NEITI: Nigeria’s Indebtedness To IOCs In Cash-call Hits $3.501bn   Nigeria has significantly reduced the accumulated debt it owes International Oil Companies (IOCs) for cash-call for...

$30bn Loan: MAN Worries Over FG’s Repayment Capacity

$30bn Loan: MAN Worries Over FG’s Repayment Capacity   The Manufacturers Association of Nigeria (MAN) said it is concerned about the debt servicing capacity of the...

UNIDO’s $60m Programme’ll Boost Nigeria’s Industrialisation, FG Says

UNIDO’s $60m Programme’ll Boost Nigeria’s Industrialisation, FG Says   The Federal Government has said that the new UNIDO Country Programme (2018-2022) will help Nigeria to achieve...

AfDB Okays $210m For Nigeria’s Power Transmission Projects

AfDB Okays $210m For Nigeria’s Power Transmission Projects   The board of the African Development Bank has approved $210m (N64.26bn at the official exchange rate of...

FG Withdraws N35.51bn From States’ Allocations As Bail-out

FG Withdraws N35.51bn From States’ Allocations As Bail-out   The Federal Government deducted the sum of N35.51bn from allocation made to the states for external debt...
dollars

Nigeria Set to Overturn P&ID’s $9.6bn Claim

Nigeria Set to Overturn P&ID’s $9.6bn Claim …As UK Court okays FG’s Plea   The Nigerian Government has moved closer to overturning the US$9.6 billion judgement debt...
NBS National Bureau of Statistics

Lagos Takes 81.5% Of Nigeria’s Capital Imports Worth $11.18bn – NBS

Lagos Takes 81.5% Of Nigeria’s Capital Imports Worth $11.18bn – NBS   National Bureau of Statistics Lagos accounted for Nigeria’s 81.5 per cent capital importation worth...

AEDC Funds Metering With N11bn , Installs 50,000 Under MAP

AEDC Funds Metering With N11bn , Installs 50,000 Under MAP   The Abuja Electricity Distribution Company (AEDC) has funded metering with N11 billion within five years,...

Reps Investigate N698m Power Projects, N84bn Compensation

Reps Investigate N698m Power Projects, N84bn Compensation   The House of Representatives has begun investigation of the Niger Delta Power Holding Company over contracts awarded, projects...

Nigeria Rakes In $21bn From Oil In 2017, Says NEITI

Nigeria Rakes In $21bn From Oil In 2017, Says NEITI   Nigeria earned $21bn from the oil and gas sector in 2017, representing a 23 per...

Pension Fund Assests Rose By N140bn In September

Pension Fund Assests Rose By N140bn In September   Pension fund assets under the Contributory Pension Scheme (CPS) have continued to be one of the fastest...

In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN

In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN   Following the loans to deposition ration policy recently announced by the Central Bank of...