Monetary

Twitter Loses N499.32bn in Nigeria as Ban Hits 200 Days

Twitter Loses N499.32bn in Nigeria as Ban Hits 200 Days   Twitter has lost N499.32bn in Nigeria since its suspension by government on June 4, 2021. On June 4, the Federal Government announced the suspension of Twitter after the social media platform deleted a tweet by the...

W/Bank loans Nigeria $700m For Water Supply

W/Bank loans Nigeria $700m For Water Supply   The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the Minister of Water Resources, Suleiman Adamu, has said. According to him, most of the problems associated with water supply...

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...