Discos’ Revenue Collection Rises To N473bn   The revenue collected by power distribution companies (Discos) in the county hit a new record high of N473bn in 2019. The revenue collection in 2019 rose by N35bn or eight per cent, compared to that of 2018, a report obtained...

Importers Lose Over N10bn Annually On Substandard Goods – ANLCA   The President of the Association of Nigerian Licensed Customs Agents (ANLCA), Iju Tony Nwabunike, at the weekend, claimed that customs brokers in the country lose over N10 billion annually on the importation of fake and...

DPR Decries Oil Theft, Generates N2.4trn In One Year   The Department of Petroleum Resources has lamented the high rate of crude theft in the country. The agency also disclosed that it generated N2.4tn to support government revenue in 2019 despite the challenge of oil theft. It explained...

Fed Govt Failed To Realise N1.13trn From Oil Asset Sale, Others   The Federal Government could not effectively realise some of the one-off items listed for implementation of the 2019 budget, investigations have revealed. The 2019 budget which was signed by President Muhammadu Buhari had capital expenditure...

Reps Investigate $1bn Spent On Tucano Jets, Others   The House of Representatives has begun investigation into how the Federal Government spent the $1bn special security fund approved for it by the National Assembly. Part of the money was used to acquire 12 Super Tucano fighter aircraft...

FG Disburses N20bn To Beneficiaries Under National Microfinance Scheme   The Central Bank of Nigeria has disbursed N20bn to 7,000 beneficiaries through the National Microfinance Bank across the country. A statement from the Senior Special Assistant to the President on Media & Publicity, Office of the Vice...