Senate Probes CBN Over N20trn Unremitted Stamp Duty   The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20trn into the Federation Account by the Central Bank of Nigeria. The CBN, according to the red chamber, collected the amount as stamp duty...

Benin, Discos, Others Owe NBET N136.15bn   Nigeria’s 11 power distribution companies, Ajaokuta Steel Company Limited and the power firms of the Republics of Benin and Niger failed to pay a combined total of N136.15bn to the Nigerian Bulk Electricity Trading company in the second quarter...

AMCON Takes Over Cedar Oil & Gas Over N24bn Debt   Asset Management Corporation of Nigeria has taken over the operations of Cedar Oil & Gas Exploration and Production Limited on the orders of a Federal High Court sitting in Lagos. The application for the takeover came...

2020: RMAFC To Review Politicians Pay Cut   The Revenue Mobilisation and Fiscal Committee has said it will review the salaries of political office holders in 2020. The Chairman, RMAFC, Mr Elias Mbam, while speaking at a retreat for the members of the commission in Lagos on...

FG Owes Road Project Contractors N306bn, Says Fashola   The Federal Government owes contractors working on federal road projects the sum of N306bn, the Minister of Works and Housing, Babatunde Fashola, has said. Fashola, who disclosed this at the headquarters of the Federal Ministry of Works and...

Nigeria To Tap From $200bn Tourism Potentials In Africa, Osinbajo Says   Vice President Yemi Osinbajo says the Federal Government has massively invested in critical infrastructure with a view to tapping from about $200bn accruing from the African tourism. Osinbajo noted that poor infrastructure had deprived...