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Tuesday, March 2, 2021

NCC Remits N144.312bn Spectrum Fees To FG

NCC Remits N144.312bn Spectrum Fees To FG       The Nigerian Communications Commission (NCC) has so far remitted N144.312billion spectrum fees to the consolidated revenue fund (CRF)...

CBN, NSIA To Invest N50bn In Nigeria Commodity Exchange

CBN, NSIA To Invest N50bn In Nigeria Commodity Exchange         The Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) are to invest...

No Aviation Agency Benefited From N5bn Palliative, Says NCAT Rector

No Aviation Agency Benefited From N5bn Palliative, Says NCAT Rector         The Rector of the Nigerian College of Aviation Technology (NCAT), Zaria, Capt Abdulsalam Mohammed, has...

CBN Boosts Economy With N8.8trn To Battle COVID-19

CBN Boosts Economy With N8.8trn To Battle COVID-19         The Central Bank of Nigeria (CBN) has injected more than than N8.8 trillion into the economy since...

Afreximbank Earmarks $2bn to Finance COVID-19 Vaccines’ Purchase

Afreximbank Earmarks $2bn to Finance COVID-19 Vaccines’ Purchase       The President of the African Export-Import Bank (Afreximbank), Prof. Okey Oramah has disclosed that the bank is...

Customs Impounds Pangolin Scales, Lion Bones Worth N952m

Customs Impounds Pangolin Scales, Lion Bones Worth N952m       The Apapa Command of the Nigeria Customs Service (NCS) has revealed that it intercepted an export container...

Uncertainty Trails N8.47bn Customs Cargo Scanners

Uncertainty Trails N8.47bn Customs Cargo Scanners       The Federal Government has realised the urgent need to deploy cargo scanners at the ports after four years of...

SON Destroys Worth N300m Of Substandard Gas Cylinders, Tyres

SON Destroys Worth N300m Of Substandard Gas Cylinders, Tyres         The Standard Organisation of Nigeria on Monday destroyed cooking gas cylinders and tyres estimated at N300m. The...
electricity

Power Sector Deficit Hits N396.86bn In Nine Months

Power Sector Deficit Hits N396.86bn In Nine Months         The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos,...

Fed Govt To Spend N766bn On COVID-19 Vaccination

Fed Govt To Spend N766bn On COVID-19 Vaccination       The Federal Government is planning to spend a total of N766 billion for vaccination against Coronavirus (COVID-19)...

Fed Govt To Pay N71bn Counterpart Funding For Six Railway Projects

Fed Govt To Pay N71bn Counterpart Funding For Six Railway Projects         The Federal Government is to partly fund six rail projects connecting virtually all regions...

N1.3bn Debt: AMCON Takes Over Inducon Nigeria’s Assets

N1.3bn Debt: AMCON Takes Over Inducon Nigeria’s Assets         The Asset Management Corporation of Nigeria has said it took over an asset belonging to the Chief...

Power Sector Loses N20.5bn Revenue As Load Rejection Lingers

Power Sector Loses N20.5bn Revenue As Load Rejection Lingers         About N20.5bn revenue was lost by Nigeria’s power sector between January 1 and 22, 2021, as...

Senate Queries NBET On N50bn Escrow Account

Senate Queries NBET On N50bn Escrow Account         The Senate Public Account Committee has asked the Nigeria Bulk Electricity Trading Plc to explain how it managed...

TCN Faults N1.5trn Intervention In Power Sector

TCN Faults N1.5trn Intervention In Power Sector         The about N1.5tn intervention of the Federal Government in the power sector is not reflecting in the current...

Fed Govt Contracts N900m Railway e-ticketing Service To Concessionaire

Fed Govt Contracts N900m Railway e-ticketing Service To Concessionaire         The Federal Government on Thursday officially inaugurated the e-ticketing service on the Abuja-Kaduna rail corridor and...

PTML Customs Rake In N189bn Revenue

PTML Customs Rake In N189bn Revenue         The Port Terminal Multiservices Limited (PTML) Command of Nigeria Customs Service (NCS) has declared N189.35 billion as revenue for...

Border Closure: Nigeria Spent N1.85trn On Food Importation

Border Closure: Nigeria Spent N1.85trn On Food Importation         The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land...

Fed Govt Raised N2.36trn From Capital Market In 2020

Fed Govt Raised N2.36trn From Capital Market In 2020         The Nigerian Stock Exchange has disclosed that the Federal Government of Nigeria raised over N2.36tn from...

Customs Intercepts N20.8bn Goods, Generates N1.7bn

Customs Intercepts N20.8bn Goods, Generates N1.7bn       The Federal Operations Unit Zone ‘A’ of the Nigeria Customs Service (NCS) said it intercepted goods with a total...