Pensioners Receive N17bn Unfunded Liabilities 30 Years After   The federal government has paid over N17 billion unfunded liabilities to pensioners after 30 years. The payment is a significant part of the outstanding pension liabilities owed to pensioners of defunct agencies on Pension Transitional Arrangement Directorate (PTAD)...

Fed Govt To Pocket N227bn As MTN, Mafab Win 5G Licence   Nigerian Communications Commission (NCC) has declared MTN Nigeria and Mafab Communications winners of the two slots of the 3.5GHz spectrum auction for the Fifth Generation (5G) network licenses for a total fee of $546m...

Power Firms Owe Banks N820bn Amid Sector's Lingering Problems     The debt owed to Nigerian banks by operators in the power sector rose by 11.85 per cent in one year to N819.97bn in August this year amid the lingering problems plaguing the sector since it was...

Customs Grants Over N1.4trn Waivers In Three Years   The Nigeria Customs Service (NCS), granted over N1.4trillion as waivers on imported goods in the last three years. Import duty waivers, concessions and exemptions are used by the governments across the globe to protect local industries, boost the...

In Nine Months, Nigeria Imports N143bn Solid Minerals   Nigeria imported solid minerals worth N143.1bn from January to September this year, according to data collated from the National Bureau of Statistics. The NBS data also show that the country exported N42.5bn solid minerals in the nine-month period,...

Reps Panel Queries FIRS Over Payment of N45m On Five Guests In Five Days, N40m On Entertainment       The House of Representatives Public Accounts Committee , PAC, on Thursday queried the Federal Inland Revenue Service (FIRS) over the sum of N45.6 million spent for a five...