Monetary

Vehicle Owners To Pay N250,000 To Convert Cars To Autogas – FG

Vehicle Owners To Pay N250,000 To Convert Cars To Autogas - FG       The Federal Government says car owners will pay up to N250,000 to have their vehicles converted to run on gas. Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation to Minister of State...

Solar Power Programme’ll Generate N7bn Tax Revenues Yearly – FG

Solar Power Programme’ll Generate N7bn Tax Revenues Yearly - FG       The roll out of five million new solar power connections in off-grid communities is to generate an additional N7bn in tax revenues annually to Nigeria, the Federal Government has said. According to the government, the programme...

Maritime Security: FG Plans To Spend N8.9bn On Boat Rentals

Maritime Security: FG Plans To Spend N8.9bn On Boat Rentals         The Federal Government through the Federal Ministry of Transportation is proposing to spend a whopping N8.7billion annually as rentals for fast intervention boats with which it hopes to tackle maritime crimes on the nation’s coastal...

Customs Strike Force Impounds N767m Worth Of Goods In 3wks

Customs Strike Force Impounds N767m Worth Of Goods In 3wks         The Comptroller General of Customs, Strike Force has intercepted contrabands and raised Debit Notes (DN) on under-declared cargoes worth N767million in three weeks. Recall that importation and smuggling through the Lagos seaports and land borders, increase...

Fed Govt Opens N4.95bn Fund Portal For Transporters

Fed Govt Opens N4.95bn Fund Portal For Transporters       The federal government has opened the application for the N4.95 billion fund for 165,000 transporters under the Micro, Small and Medium Enterprises (MSME) Survival Fund. While launching the Transport Track of the Survival Fund in Abuja on Monday,...

Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions

Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions         Nigeria’s oil and gas industry has continued to record heavy drop in investments for many years and in the last five years the sector has suffered more inactivity as over $30 billion projects are still...