Monetary

States Generate N751.17bn From Road Tax, Others In Three Years

States Generate N751.17bn From Road Tax, Others In Three Years     The 36 states of the federation earned N751.17bn from road tax, direct assessment, and other taxes in three years, according to data collated from the National Bureau of Statistics. According to the NBS, direct assessment refers...

Customs Generate N2.5trn Revenue In 11 Months

Customs Generate N2.5trn Revenue In 11 Months   The Nigeria Customs Service (NCS) generated over N2.5 trillion revenue between January and November this year. NCS National Public Relation Officer, Timi Bomadi said, the agency was given N1.679 trillion revenue target for this year, based on its last...

Agric Sector Records N1.7rn Trade Deficit In Nine Months

Agric Sector Records N1.7rn Trade Deficit In Nine Months   The agricultural sector recorded a trade deficit of N1.7tn between January and September this year, as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report showed that the...

NERC: Togo, Benin Q2 Electricity Debt To Nigeria Hits N770m

NERC: Togo, Benin Q2 Electricity Debt To Nigeria Hits N770m   The Nigerian Electricity Regulatory Commission (NERC) says the Republic of Benin, Niger Republic, Togo did not pay N770 million electricity bill owed Nigeria in the second quarter of 2021. The commission disclosed this in its second-quarter...

BoI, Other Partners Boost NYSC Entrepreneurship Scheme With N3.6bn

BoI, Other Partners Boost NYSC Entrepreneurship Scheme With N3.6bn   Bank of Industry has disclosed that it has, along other partners, supported the National Youth Service Corps (NYSC) with a whooping N3.6 billion as startup loans since the inception of the NYSC Skills Acquisition and Entrepreneurship...

W/Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria

W/Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria   The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria, the Nigeria Governors’ Forum hinted in its 36th teleconference meeting communique...