In Four Years, NPA Generates N1trn Revenue       The Nigerian Ports Authority (NPA) has generated a revenue of N1.02tn in the space of three years under the tenure of Managing Director, Hadiza Bala-Usman. This is according to a tweet posted by the authority via its official Twitter...

2021 Budget: MDAs To Get N20bn For Electricity, Local Contractors       The Federal Government plans to settle the electricity bills of its ministries, departments and agencies with N5bn and offset the debts of local contractors with N15bn in 2021. It also plans to settle ex-workers of the...

RMAFC Recovers N474m Unremitted Excise Duty From Guinness       The Revenue Mobilisation Allocation and Fiscal Commission on Monday said it had recovered over N474m excise duty from Guinness Nigeria Plc. The Chairman of the commission, Elias Mbam, said the recovered money had been remitted into the Federation...

Buhari Allocates N509bn For Pension Liabilities       President Muhammadu Buhari has appropriated a total of N501.19 billion to offset pension liabilities in the 2021 budget proposal. He made this known during his 2021 Budget Speech: Budget of Economic Recovery and Resilience at The Joint Session of the...

Nigerian Insurance Industry’s Asset Rises To N1.8trn       The Nigerian insurance industry’s assets rose from N1.61tn at the end of the 2019 financial year to N1.8tn in June 2020. The Central Bank of Nigeria disclosed this in a report, titled ‘Insurance sector (general and life) consolidated balance...

Naira Gains N8 As Equities Make N778bn       The naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major gains of N777.9 billion as oil prices picked up. The All Share Index (ASI) grew by N778 billion to...