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Saturday, January 25, 2020

NEPZA: Panel Investigates N14.3bn Fund Moved To Private Account

NEPZA: Panel Investigates N14.3bn Fund Moved To Private Account   The Federal Government has set up a committee to look into the transfer of N14.37bn from...

In 2019, Onne Port Customs Recorded N107.3bn Revenue

In 2019, Onne Port Customs Recorded N107.3bn Revenue   The Nigeria Customs Service, Area II Command, Onne Port, Rivers State, said on Thursday that it generated...

Customs Generate N1.34trn, Surpasses Target By N403bn

Customs Generate N1.34trn, Surpasses Target By N403bn   The Nigeria Customs Service generated a total of N1.34tn revenue for the government in the 2019 fiscal year. The...

NCC, Infracos To Raise N265bn For Broadband Infrastructure

NCC, Infracos To Raise N265bn For Broadband Infrastructure   The Nigerian Communications Commission and a consortium of infrastructural companies say they will raise N265bn for the...

Procurement Process May Slow N2.4trn Capital Releases

Procurement Process May Slow N2.4trn Capital Releases   Bureaucracy associated with the public procurement process may slow the release of funds for the implementation of the...

Nigerian Banks Spent N200bn Preventing Cyber Attacks In 2019

Nigerian Banks Spent N200bn Preventing Cyber Attacks In 2019   Nigerian banks were estimated to have spent about N200billion preventing various forms of cyber attacks on...

AfDB Okays $20m For Nigeria, Others

AfDB Okays $20m For Nigeria, Others   The board of directors of the African Development Bank has approved a $20m investment in the Metier Sustainable Capital...

Nigeria Loses $2.75bn to Vandals, Oil Thieves – Report

Nigeria Loses $2.75bn to Vandals, Oil Thieves - Report   A group known as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on...

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit Although the regulator plans to increase electricity tariffs on April 1, it says the amount of...

Manufacturers Generate N1.67trn From Exports In 9 Months

Manufacturers Generate N1.67trn From Exports In 9 Months   Between January and September 2019, manufacturers earned a total of N1.67tn through exports of manufactured products. The N1.67tn...
electricity

Discos’ Yearly Revenue Collection Hits N466bn

Discos’ Yearly Revenue Collection Hits N466bn   Power distribution companies have set a new record of N466bn in their yearly revenue collection, the Association of Nigerian...

We Saved N700bn Through TSA, Other Financial Mgt Reforms – FG

We Saved N700bn Through TSA, Other Financial Mgt Reforms – FG   Through the implementation of various public sector financial management reforms, over N700bn had been...

PenCom To Collect Bonds Through DMO For N400bn Pension Arrears

PenCom To Collect Bonds Through DMO For N400bn Pension Arrears   The National Pension Commission plans to raise pension bonds through the Debt Management Office to...

Nigeria Saves $500m From Ban On Barley Malt, Says Onu

Nigeria Saves $500m From Ban On Barley Malt, Says Onu   Minister of Science and Technology Dr. Ogbonnaya Onu has said the Federal Institute of Industrial...

Female Entrepreneurs Gets N26bn Loans From BoI

Female Entrepreneurs Gets N26bn Loans From BoI   As part of its deliberate steps to address issues around gender equality in entrepreneurship, the Bank of Industry...

AGF Queried Over Non-disclosure Of N57bn FG Grants

AGF Queried Over Non-disclosure Of N57bn FG Grants   The Accountant General of the Federation, Alhaji Ahmed Idris, has been queried by the Auditor-General for the...
electricity

After Average Energy Drops to 3,781MW, FG Loses N626.7bn

After Average Energy Drops to 3,781MW, FG Loses N626.7bn   Power generation from the nation’s generating companies hits an average of 3,781MW in 2019 from a...

Uganda To Borrow $2bn To Fund Budget

Uganda To Borrow $2bn To Fund Budget   Uganda said it plans to borrow 6.9 trillion shillings ($1.89 billion) from external lenders in the 2020/2021 (July-June)...

Spending N37bn On National Assembly Renovation Ridiculous – TUC

Spending N37bn On National Assembly Renovation Ridiculous - TUC   The Trade Union Congress of Nigeria has described as ridiculous the proposal to renovate the National...

Non-oil Exports Doubled To N2trn In 2019 — FG

Non-oil Exports Doubled To N2trn In 2019 — FG   Federal Government said the nation’s non-oil exports doubled from about N1 trillion to N2trn between 2018...