Insurance Firms’ Total Assets Now N1.3trn   THE total asset of 58 insurance companies as at 2018 stands at N1.3trn, Acting Commissioner, National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas has said. This is coming after some years of non-availability of the true financial position of the...

FG Sets N8.5trn Revenue Target For FIRS In 2020     The Federal Government has set a tax collection target of N8.5tn for the Federal Inland Revenue Service in the 2020 fiscal period. This target is contained in the Fiscal Strategy Paper of the Federal Government which had...

NEITI: Nigeria Made N52.8bn From Solid Minerals In 2017     The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria’s solid minerals sector contributed the total sum of N52.75 billion to the federation’s revenue in 2017 fiscal year. It said the revenue represented a 21 per...

Operators Divided Over FG’s N2bn Grazing Reserves Budget   Operators in Nigeria’s agricultural space are divided over N2bn allocated by the Federal Government for the development of grazing reserves in Nigeria, as contained in the 2020 appropriation bill currently before the National Assembly. In July 2018, Economic...

SON Impounds N480m Substandard Phone Accessories   The Standards Organisation of Nigeria says it has confiscated substandard phone accessories worth over N480m. The Director, Inspectorate and Compliance Directorate, Obiora Manafa, disclosed this on Thursday after the agency carried out a raid on a warehouse in Lagos. He said...

Discos: We Need N8.7bn To Meet NERC’s Order     Power distribution companies on Wednesday announced that they would require N8.7bn in order to comply with the revenue remittance order set by the Nigerian Electricity Regulatory Commission. The power firms urged the National Assembly to intervene in the...