Ibadan Disco Laments N8.5bn MDAs Debt       Ibadan Electricity Distribution Company Plc has said it is owed over N8.5bn by ministries, departments and agencies of government. IBEDC, which covers Oyo, Ogun, Osun and Kwara states as well as part of Kogi, Ekiti and Niger states, put the...

FRC, FRSC Boss In Counterclaims Over N5.1bn Remission To Federation Account       The Fiscal Responsibility Commission has alleged that the Federal Road Safety Corps is yet to remit N5.1bn into the Federation Account from 2016 to 2019. FRC made the allegation on Wednesday in Abuja at the...

FG Spends N400bn Yearly On Social Investments – SGF       The Federal Government is spending over N400bn annually on social investment programmes in its bid to lift millions of Nigerians out of poverty, the Secretary to the Government of the Federation, Boss Mustapha, has said. He disclosed...

Reps, Customs Disagree Over N1.3trn Revenue Projection       The House of Representatives’ Committee on Finance has dismissed a revenue of N1.3tn projected by the Nigeria Customs Service for 2022, vowing to raise the target. The Comptroller-General of NCS, Col. Hameed Ali (retd.), had in his presentation at...

Nigeria Entitled To $3.35bn In Fresh IMF Rights Allocation       The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that the organisation begun allocating Special Drawing Rights of about $650bn on Monday. This was contained in a press statement on the IMF website...

Nigerians In Diaspora Remit $65.34bn In Three Years       The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank have shown. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn;...