Monetary

Nigeria Recieves $400,000 Grant From Afreximbank For Pharmaceutical Production

Nigeria Recieves $400,000 Grant From Afreximbank For Pharmaceutical Production   The African Export-Import Bank has awarded $400,000 in grant funding to the National Institute for Pharmaceutical Research and Development of Nigeria to boost pharmaceutical production in the country. According to Afreximbank, the grant is for the establishment...

NCC Targets N632bn Revenue From 5G Spectrum Sales

NCC Targets N632bn Revenue From 5G Spectrum Sales     The Executive Vice Chairman of the National Communication Commission, Prof. Umar Danbatta, has again assured Nigerians of the safety of their health with the proposed 5G network. Danbatta also said the agency proposed to generate N632.39bn in 2022...

Lagos Tops As States Half Year IGR Reaches N849.12bn

Lagos Tops As States Half Year IGR Reaches N849.12bn   The 36 states of the federation and Federal Capital Territory recorded a combined Internationally Generated Revenue in the first half of 2021, figures obtained from the National Bureau of Statistics revealed on Monday. The NBS Internally Generated...

In 30 Days, Apapa Customs Records N86bn Revenue

In 30 Days, Apapa Customs Records N86bn Revenue     The Apapa Area Command of the Nigerian Customs Service (NCS), says it has collected a total of N86.023 billion as revenue for October 2021 despite initial glitches which tended to slow down its operations. It said the tempo...

Banks, Insurance Firms To Generate N22.6bn From MDAs

Banks, Insurance Firms To Generate N22.6bn From MDAs   Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance premiums from Ministries, Departments and Agencies of the Federal Government in 2022. This was according to an analysis...

Customs Target N2trn Annual Revenue

Customs Target N2trn Annual Revenue   The Nigeria Customs Services is planning to generate N2tn this year and about N1.6tn of this amount is expected to be made from the South-West geopolitical zone. According to a report, the NCS generates about 80 per cent of its annual...