Financial

In 3 Months, External Debt Servicing Gulp $357.26m The Federal Government spent a total of $357.26m in the first three months of the year to...

Customs To Pay N5.5bn For Illegal Seizure Of Rice   The Federal High Court in Abuja on Wednesday ordered the Nigeria Customs Service and its board...

CBN Bars Payment Of Interest On Bank Deposits Above N2bn   The Central Bank of Nigeria has said the remunerable daily placements by banks at the...

We'll Increase Remittances To FAAC, NNPC Assures Govs   The Nigerian National Petroleum Corporation on Wednesday told state governors that it would increase its remittances to...

43 Days After Budget Assent, FG Yet To Fund Capital Projects   forty-three days after the 2019 budget was signed into law by President Muhammadu Buhari,...

States Recorded Huge Budget Deficits In 2018 - NEITI   A report released Wednesday in Abuja by the Nigerian Extractive Industries Transparency Initiative ( NEITI), has...

Nigeria Loses $12bn Annually To Oil Theft, Stakeholders Seek FG Action Nigeria loses between $7 billion and $12 billion to crude oil theft annually, a...

CBN To Launch New Framework On Mortgage Lending The Central Bank of Nigeria plans to introduce a framework to boost mortgage lending in the country. According...

Tax Tribunal Resolves 42 Cases Worth N288bn A total of 42 tax-related disputes worth N288bn have been resolved by the Tax Appeal Tribunal within a...

Customs Rakes In N203.3bn In Apapa, N6.7bn In Ogun The Apapa Area Command of the Nigeria Customs Service has said it generated total revenue of...

Nigeria Secures $7bn Deal From African Investment Forum — AfDB Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent...

Power Distributors Owe TCN, Others N263bn Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has...

FG Targets $1bn Revenue From New Gas Flare Policy The federal government has said its new gas flare out plan – the Nigeria Gas Flare...

SON To Destroy N38m Worth Of Substandard Roofing Sheets The Standards Organisation of Nigeria is set to destroy N38m worth of substandard roofing sheets found...

Presidential Panel Demands N684bn Oil Block Renewal Fee From Mobil ...Company Denies Indebtedness   The Special Presidential Investigation Panel for the Recovery of Public Property says an...

CBN Issues N22.9bn Seed Capital For Creative Industry The Central Bank of Nigeria, in collaboration with the Bankers’ Committee, has provided N22.9 billion seed capital...

CBN Intensifies Consumer Protection Campaign, Financial Literacy The Central Bank of Nigeria (CBN) has continued to intensify its campaign aimed at creating a knowledgeable customer...

FG Defaults On VAT Waiver For Domestic Airlines More than one year after the pronouncement for Value Added Tax (VAT) to be removed from air...

FG Targets 75% Non-oil Sector Revenue In 3 Years   The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has projected that in the...

Customs Intercepts 140 Bundles Of Textiles Worth N11.2bn In Lagos   Customs officers attached to the Federal Operations Unit (FOU), Zone A, yesterday, said it intercepted...