We Process N60bn Electricity Invoices Monthly - NBET   The Nigerian Bulk Electricity Trading Plc on Sunday said it processed N60bn electricity invoices monthly for various operators in the power sector. NBET, a wholly owned agency of the Federal Government, is the manager and administrator of the...

Despite Failure To Begin Operations, National Carrier Gets N400m Allocation   The Federal Government plans to spend N400m as working capital on its proposed national carrier which has failed to begin operations and has remained on the discussion table since 2015. It disclosed this in the 2022...

Diversification On Course, N3.3trn Revenue Collected From Non-oil Sector In 2021 - FIRS Boss The Chairman of the Federal Inland Revenue Service, Muhammad Nami, has stated that the diversification efforts of the present federal government is yielding desired results. Speaking at the ‘Public Presentation And Breakdown...

Twitter Ban: Nigeria Loses N309.26bn In 124 Days   The Nigerian Twitter ban has entered its 124th day, causing losses of up to N309.26bn to the economy. The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, President Muhammadu Buhari said “Social media is a...

Nigeria Grants N992.9bn Import Waivers In Two Years   Within a two-year period covering January 2019 and December 2020, the Federal Government through the Nigerian Customs Services granted the sum of N992.9bn as waivers on imported goods, findings have shown. The N992.9bn comprises N213.1bn recorded in 2019...

NDIC Pays N102bn To Depositors Of Closed Banks   The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has disclosed that the corporation has paid a total of N101.67bn uninsured sums as of 30th June 2021 to 535, 815 depositors of closed...