Customs Impounds Indian Hemp, Rice, Others Worth Over N1bn   The Federal Operations Unit, FOU Zone A of the Nigeria Customs Service (NCS) said it has impounded 15 trailers of imported foreign rice, Indian Hemp, used clothes, and other contraband items with Duty Paid Value, DPV,...

Senate Postpones Hearing On Cash Withdrawal Limits   The Senate on Tuesday postponed the hearing of the report on the Cash withdrawal policy by the committee on Banking and Financial Institutions. The Red chamber had last week commissioned the committee to grill the two newly re-appointed deputy...

Stamp Duty: Presidency Knocks Kazaure Over N89trn Claim   Following controversies trailing a claim of a missing N89.09trn allegedly siphoned from stamp duty charges, the Presidency on Tuesday said such claims were false. It also said the entire banking sector deposits in Nigerian did not amount to...

"Nigeria Needs Efficient Fiscal Spending To Curb Inflation"   The federal government has been urged to make public expenditure more efficient as well as address the challenges of supply to curb inflation. Speaking at the 13th Annual Bankers’ Committee Retreat, the Managing Director/Chief Economist at Analysts Data...

Lawmakers Pass NCC’s N559bn Budget   The Senate, at a plenary on Tuesday, passed the 2023 budget of the Nigerian Communications Commission (NCC) following the presentation by the Committee on Communications. The lawmaker representing Yobe South, Ibrahim Bomai, who laid and presented the reports, stated that the...

World Bank Says Debt Servicing Will Gulp 123% Of 2023 Revenue   The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new World Bank Lead Economist for...