FG Okays N14.55bn Operational Vehicles, Boats For Customs   The Federal Government on Wednesday approved the purchase of 427 operational vehicles worth N14.55bn for the Nigerian Customs Service. This was one of the decisions reached at the weekly meeting of the Federal Executive Council presided over by...

AMCON Seeks Special Tribunal To Recover N5.4trn Debt       The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals for...

BDCs Record N1trn Turnover, Seek Diaspora Remittances Agency       The Association of Bureaux de Change Operators of Nigeria has said that its annual turnover is now N1tn. The President, ABCON, Alh Aminu Gwadabe, said this during a virtual event with the theme ‘BDCs’ operations: A trillion-naira sub...

PTAD Owes Parastatal Pensioners N150bn       The Pension Transitional Arrangement Department (PTAD) has a liability of over N150 billion to pay pensioners who retired from parastatals of government. Its Executive Secretary, Dr. Chioma Ejikeme made this known in an interview. She, however, said the liability was being cleared...

Customs Intercept N1.9bn Drugs, Goods In Port, Others     The Nigeria Customs Service (NCS) has seized drugs and smuggled goods worth N1.9 billion at Apapa port and areas around its Kaduna zone. The Apapa Area Command yesterday, said it intercepted 28 container loads of pharmaceuticals valued at...

FG Targets N7bn Annual Tax Revenue From Solar     The federal government has highlighted some of the secondary benefits of the N140 billion solar power programme that is aimed at providing electricity to 25 million Nigerians through off-grid connections to five million homes. The Minister of Power,...