Discos To Refund $1.2bn For 374 Projects - NDPHC   The Niger Delta Power Holding Company Limited (NDPHC)on Tuesday, said it had executed over 374 projects in the distribution subsector of the Nigerian electricity supply industry to boost power supply nationwide. It also stated that the projects,...

EXCLUSIVE: How 36 Governors Borrowed N2.2trn From Nigerian Banks   Amid worsening revenue challenges, state governments’ indebtedness to commercial banks has risen to N2.2trn. The latest data from the quarterly statistical bulletin of the Central Bank of Nigeria, obtained by our correspondents, showed that states and LGAs...

Fed Govt To Stop Multiple Revenue Agencies   Following persistent outcry of the Nigerian Organised Private Sector against multiple taxation from the three tiers of government, has hinted of an impending plan to shrink the number of revenue collection agencies in a bid to boost ease...

Economic Realities Will Determine Salary Review - RMAFC Boss   The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Mohammed Shehu, has said the commission will do what is best for the country when reviewing the pay for politicians, judges, and public officers. Earlier, media...

FG to Support Ondo Farmers with N400m Agricultural Fund The state Commissioner for Agriculture and Forestry, Olayato Aribo, has disclosed that the Federal Government will spend more than N200 million on the distribution of inputs to farmers in the state and N200 million on the...

FG Recorded N13.33bn Revenue Loss From Gas Flaring Fines   The Federal Government recorded a revenue shortfall of N13.33bn from gas flaring penalties issued against oil and gas firms in January and February 2023. It was earlier reported that the Federal Government would impose $49m (N22bn) fine...