External Reserves Gained $2.4bn In Sept – CBN           The country’s external reserves rose by $2.4bn in September, figures obtained from the Central Bank of Nigeria revealed on Thursday. According to the CBN, the reserves which stood at $34.02bn as of the end of August rose to...

W/Bank Says COVID-19 Pushed 100m People Into Extreme Poverty           The World Bank Group has called on lower-income countries to prioritise concessional financing and avoid the high interest rate financing that has become increasingly problematic. According to a statement issued by the Word Bank Group President, David...

VAT: Oyo Govt Seeks To Join Rivers In Suit Against Fed Govt             The Oyo State has asked the Court of Appeal sitting in Port Harcourt, Rivers State, for joinder in the suit instituted by the Rivers State Government against the Attorney-General of the Federation in...

FIRS Urges Govts To Add Value To Collected Taxes             The Federal Inland Revenue Service (FIRS) has urged state governments not to only collect taxes but also add value to the taxes collected. The Service is also worried that 22 years since Nigeria started this democratic dispensation...

Nigeria, Others Losing $82bn To Gas Flaring Annually           By flaring, rather than utilising gas for power generation or other domestic needs, Nigeria and other nations involved in such act , could lose up to $82bn a year due to global gas flaring, says GlobalData report. The...

Reps Investigate Threats To $150bn Air Cargo Freights           The House of Representatives has resolved to investigate the delay frustrating air freighting of cargoes occasioned by extortions and multiple charges at the airports. This is sequel to the unanimous adoption of a motion moved by the Deputy...