PTML Customs Rake In N189bn Revenue         The Port Terminal Multiservices Limited (PTML) Command of Nigeria Customs Service (NCS) has declared N189.35 billion as revenue for 2020. The command also handled 151, 938 metric tonnes of export cargoes with Free on Board value of N117.34 billion in...

Border Closure: Nigeria Spent N1.85trn On Food Importation         The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory council, Doyin Salami, has said. Mr Salami disclosed this at the 2021 National...

Fed Govt Raised N2.36trn From Capital Market In 2020         The Nigerian Stock Exchange has disclosed that the Federal Government of Nigeria raised over N2.36tn from the capital market in 2020. The Chief Executive Officer of the Nigerian Stock Exchange, Mr Oscar Onyema, stated this at the...

Customs Intercepts N20.8bn Goods, Generates N1.7bn       The Federal Operations Unit Zone ‘A’ of the Nigeria Customs Service (NCS) said it intercepted goods with a total duty paid value of N20.8 billion in 2020. Ag. Controller, DC Usman Yahaya, in a statement, said the unit also raked...

PenCom Reviews Payments As 65,419 Deceased Relatives Claim N215.27bn         To clamp down on fraudulent death benefits and claims that do not meet required internal control measures, the National Pension Commission has stopped death payments to legal beneficiaries by the Pension Fund Administrators without approval. The National...

Nigeria Lost N76bn Worth Of Crude To Pipeline Vandals In 2020         Nigeria lost at least 3.1 million barrels of crude worth about $200m (about N76.3 billion) in 2020 due to activities of pipeline vandals and crude oil thieves. This figure is contained in a report released...