We're Targeting N5.9trn Revenue In 2021 - FIRS Chairman
Chairman, Federal Inland Revenue Service, FIRS, Mohammed Nami yesterday placed their revenue projection for 2021at N5.9 trillion.
Nami made the disclosure while meeting with the House of Representatives Committee on Finance led by Hon. James Falake on...
Senate Tackles NNPC Over N443bn Payment Without Approval
Senate Public Accounts Committee on Wednesday berated the Nigerian National Petroleum Corporation for paying N443bn without the National Assembly’s appropriation.
The chairman of the committee, Senator Mathew Urhoghide, has summoned the management of the NNPC to explain the...
#EndSARS: 25 Insurance Companies To Pay N20.4bn Claims
Twenty-five insurance companies have recorded claims totalling N20.4bn from losses that emanated from the #EndSARS protests which occurred in the country in October, findings have revealed.
Figures obtained from by our correspondent from the underwriters on Wednesday under...
Over 3m Nigerians Lost N18bn To Ponzi Schemes – SEC
Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday.
Director-General, SEC, Lamido Yuguda, said this during a webinar organised by the commission.
Ponzi schemes are fraudulent investing...
Oil, Power Firms’ Bank Debts Rise To N5.94trn
The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019.
The N5.94tn represents 29.16 per cent...
DisCos’ Sustainability Questioned As FG Pays N50bn Monthly Subsidy
The government’s financial support to the power sector hovering around N2.3 trillion in the past few years has raised concerns among stakeholders who insisted, yesterday, that the industry is at a crossroad.
The Minister of Power, Sale...
