'How 10 MDAs Yielded Only N400m To Federation Account In 2019'       Ten of at least 11  (MDAs) that remitted revenues to the federation account in 2019, yielded a paltry N400 million to the N2.6 billion independent revenue realised during the period, a report has revealed. According...

Gencos Got N81.14bn Payment Assurance In 2020 – NERC       Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in 2020, the Nigerian Electricity Regulatory Commission has said. NERC disclosed this in its latest Key Operational and Financial Data of the...

Companies May Raise N1trn Corporate Debts In 2021       Commercial banks, international oil companies (IOCs), multinational companies, leaders in fast-moving consumer goods (fmcg) and financial technology (Fintech) firms may issue more than N1trillion corporate debts before year-end. Head, Research and Consulting, Agusto & Co, Prof. Jimi Ogbobine,...

Customs Rakes In N16m In Eighteen Months       The Nigeria Customs Service (NCS) Joint Border Patrol Team Sector three has disclosed that it raked in over of N16 million from 43 seizures of various items within 18 months. Also, the team arrested five suspected immigrants in connection...

Customs Seize Cannabis, Others Worth N412.78m       The Nigeria Customs Service, Seme Command, has intercepted a total of 232 parcels of Cannabis Sativa with a duty paid value of N2,933,358.40 since the reopening of land borders to date by the Federal Government. A statement issued by Customs...

FCT Councils, Others Share N3.7bn In February       The Federal Capital Territory (FCT) administration has disbursed a total sum of N3.736 billion in February as against the N3.8 billion shared in January 2021. The money was disbursed to the six area councils and other stakeholders in the...