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Saturday, January 25, 2020

Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria

Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria   A number of oil and gas projects valued at $58.4bn are facing an uncertain future as...
FIRS

FIRS Records N4.8trn 10-year Revenue Shortfall

FIRS Records N4.8trn 10-year Revenue Shortfall   Within a 10-year period covering 2010 and 2019, the Federal Inland Revenue Service recorded a revenue shortfall of N4.88tn,...

CBN Disburses N611.5bn To Commercial Farmers

CBN Disburses N611.5bn To Commercial Farmers   The total amount disbursed to farmers under the Commercial Agriculture Credit Scheme from inception in 2009 rose to N611.5bn...

Pension Board Pays N534m To Jigawa Retirees

Pension Board Pays N534m To Jigawa Retirees   The Jigawa State and Local Governments Contributory Pension Scheme Board has commenced the payment of over N534 million...

Unused Power: GenCos Lost N1.2trn In Five Years

Unused Power: GenCos Lost N1.2trn In Five Years   About 24 power Generating Companies (GenCos) lost N1.19trn on electricity capacity not paid for in the Nigerian...

N1.6trn NNPC, Sovereign Wealth, Education, Funds Omitted In 2020 Budget

N1.6trn NNPC, Sovereign Wealth, Education, Funds Omitted In 2020 Budget   A total of N1.635 trillion key expenditure items captured in the 2020-2022 Medium Term Expenditure...

FG Earmarks N61bn For Nigeria-Siemens Power Pact

FG Earmarks N61bn For Nigeria-Siemens Power Pact   The Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map to be...

Water Ministry Can’t Account For N344m Expenditure, Report Says

Water Ministry Can’t Account For N344m Expenditure, Report Says   Eight payment vouchers raised by the Ministry of Water Resources during the 2017 financial year totalling...

Complaints: CBN Imposes N2m Fine, Others On Banks

Complaints: CBN Imposes N2m Fine, Others On Banks   Any bank that failed to acknowledge the complaints from depositors, will pay a fine of N2m, guidelines...
Nigeria Customs Service

Apapa Customs Records $132.76m Export

Apapa Customs Records $132.76m Export   The bid by the federal government to diversify the Nigerian economy from crude oil seems to be yielding the desired...

In Nine Months, Farmers Earned N201bn From Exports

In Nine Months, Farmers Earned N201bn From Exports   Farmers in the country earned a total of N201. 66bn from export of agricultural products between January...

In 6 Years, Investments In Sugar Sector Hit N157bn — NSDC

In 6 Years, Investments In Sugar Sector Hit N157bn — NSDC   Investments in the sugar sector of the national economy rose to N157 billion in...

Investments In Mutual Funds Reaches N956.7bn In 11 Months

Investments In Mutual Funds Reaches N956.7bn In 11 Months   Total investment in mutual funds has grown to N956.7bn as of December 6, 2019. Data obtained from...
Gov Abdullahi Umar Ganduje of Kano state

IDB Mobilises Farmers In Kano With $95m Facility

IDB Mobilises Farmers In Kano With $95m Facility   No fewer than 1,260,000 smallholder farmers in rural areas of Kano State are expected to benefit directly...

Fed Govt Generates N4.25trn, Stops 2019 Capital Budget Releases

Fed Govt Generates N4.25trn, Stops 2019 Capital Budget Releases   The Federal Government has ruled out any possibility of releasing additional funds to finance the capital...

NEC Targets N2trn Pension Fund For Infrastructural Devt

NEC Targets N2trn Pension Fund For Infrastructural Devt   The National Economic Council on Thursday considered the possibility of investing N2tn out of the Contributory Pensions...

In Nine Months, Banks Generate N135.15bn From e-payments

In Nine Months, Banks Generate N135.15bn From e-payments The adoption of electronic channels for financial transactions has earned 10 deposit money banks about N135.15bn revenue...

AfDB’s Active Portfolio In Nigeria Now $4.8bn

AfDB’s Active Portfolio In Nigeria Now $4.8bn   The African Development Bank (AfDB)’s active portfolio in Nigeria rose to $4.8 billion as at December 13, 2019,...

FG Rakes In N45.8bn From Stamp Duties

FG Rakes In N45.8bn From Stamp Duties   The Federal Government has raked in over N45.8 billion from stamp duties, following the reforms introduced by the...

Nigeria Loses N233bn To Gas Flaring

Nigeria Loses N233bn To Gas Flaring   The Nigerian economy lost a whopping N233 billion to gas flaring in 2018. This, represented 3.8 per cent of the...