NBET Owes Power Producers Over N1trn - Gencos   Power producers in the country have said they are owed at least N1tn by the Nigerian Bulk Electricity Trading Plc. They said the debt was threatening their viability and undermining their ability to invest more. The government-owned NBET buys...

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 the capital account of the Nigeria Export Processing Zones Authority to a private company, Nigeria Special Economic Zones Company. The Acting...

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 total revenue of N107.3bn from duty paid on imported goods in 2019. The Command explained that the amount generated surpassed its...

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 Public Relations Officer, NCS, Mr Joseph Attah, confirmed the figure in a statement issued in Abuja on Thursday. The N1.34tn revenue...

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 development of broadband infrastructures across the country in the next four years. Executive Vice Chairman of the NCC, Prof Umar Danbatta,...

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 2020 budget, investigation has revealed. Top officials in the Ministry of Finance, Budget and National Planning confided in our correspondent on...