Monetary

Budget 2021: FG Earmarks N152bn For Electricity

Budget 2021: FG Earmarks N152bn For Electricity       The Federal Government is to pay power generation companies through Nigerian Bulk Electricity Trading, NBET, the sum of N152.416 billion in 2021. According to details of the 2021 budget now before National Assembly, this forms one of the largest...

FG Earns N13.65m From Data Protection Fine, Report Filing

FG Earns N13.65m From Data Protection Fine, Report Filing       The Federal government has earned the sum of N13.65m from the data protection activities involving licensing, audit report filing and fine, according to the Nigeria Data Protection Regulation Performance report. As contained in the report published by...

Onne Customs Rakes In N13bn

Onne Customs Rakes In N13bn       The Nigeria Customs Service, Area ll Command, Onne Port, Rivers State, has announced that it raked in a total of N13,106,025,050.24 as revenue for last month. The amount, which is the highest monthly revenue generated in the Onne Area II...

Manufacturers’ Unpaid Export Grants Hit N1.29trn

Manufacturers’ Unpaid Export Grants Hit N1.29trn       The Federal government owes exporters N1.29trn in outstanding export expansion grant for three years. The Manufacturers Association of Nigeria Export Promotion Group made this known on Thursday during the third Annual General Meeting of the group. Speaking on the sidelines of...

WACT Launches $15m Port Equipment

WACT Launches $15m Port Equipment       The West Africa Container Terminal has commissioned two new Mobile Harbor Cranes and two Reach Stackers to boost efficiency and cargo handling operation at the Onne Port, Rivers State. The two new Mobile Harbor Cranes and handling equipment acquired by WACT...

FG Approves N654m To Track Down Illegal Spectrums

FG Approves N654m To Track Down Illegal Spectrums         The Federal Government on Wednesday approved N653.89m for the purchase and deployment of spectrum monitoring system for the southeastern part of the country. The decision was taken at a meeting of the Federal Executive Council presided over by...