Coronavirus: Nigeria’s N2.64trn Proposed Oil Revenue Under Threat Nigeria is facing double jeopardy of falling oil prices and production decline amid fears that coronavirus, which has its roots in China, may keep spreading. The Federal Government’s oil revenue projection for 2020 may be badly hit by...

‘N2trn Pension Fund For Infrastructure’ll Come Via Bonds’   The N2trn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds, according to findings by The PUNCH on Wednesday. A National Economic Council source told The PUNCH in Abuja,...

N41bn Stamp Duty With CBN Not N20trn - Senator     Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Uba Sani, has said only about N41 billion had been deposited by banks into the Stamp Duty Collection Account with the Central Bank of...

Customs Intercepts N80m Worth Of Smuggled Goods In Kano   The Nigeria Customs Service, Kano/Jigawa Area Command, has impounded goods smuggled into the country worth over N80million in different parts of Kano. The impounded items included 8,407 bags of fake mosquito coils with a duty paid value...

Refineries Posted N123.3bn Loss In 10 Months, Says NNPC   The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January to October 2019, latest figures released on Wednesday showed. An analysis of data in the October 2019...

Discos Owe NBET N430bn In 11 Months   Power distribution companies (Discos) failed to pay a total of N429.87bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them from January to November last year. The government-owned NBET buys electricity in bulk from generation companies...