NASS Makes History, Passes N10.59trn Budget For 2020   The Senate has made history with the passage of N10.59 trillion budget for the year 2020 in keeping with its major legislative agenda of returning the country’s budget cycle to a more predictable one as well as...

Manufacturing Sector’s GDP To Hit N49.6trn With 40,000Gwh Of Power Supply   If electricity supplied to industries increases to 40,000Gwh within the next seven years, the manufacturing sector’s contribution to the Gross Domestic Product (GDP) is projected to rise to N49.6 trillion with at least 46.59...

In 8 Months, Gencos Incur N362bn Debt   Power generation companies are owed a total of N361.67bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to August this year. The government-owned NBET buys electricity in bulk...

FG Has Shared N19.9bn Among Petty Traders – BoI   The Bank of Industry on Tuesday said the Federal Government had disbursed a total of N19.9bn to petty traders under the Government Enterprise Empowerment Programme. The Executive Director, BoI, Toyin Adeniji, said this when the United Nations...

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was deducted and not remitted into the federation account in violation of the provisions of the Constitution. The Office of the Auditor-General...

IDSL Records N19bn Revenue In 2018   The Integrated Data Services Limited, IDSL, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has recorded a significant increase in its revenue base from N5.5billion in 2016, N7.6billion in 2017 to N19.033billion in 2018. This was disclosed by the...