Senate Probes NNPC’s Alleged Failure To Remit 10-year Stamp Duty
The Senate has launched a large-scale probe into the alleged non-remittance of the one per cent stamp duty on contracts awarded by the Nigerian National Petroleum Corporation from 2010 to 2020.
The Committee on Finance, which...
FG Plans More Sukuk Bonds To Fund Projects
The Federal Government plans to upscale its alternative financing programme by issuing more Sukuk bonds to fund projects, building on the back of huge successes recorded on previous issuances.
It had raised N362.6 billion in three previous issuances...
AMCON Drags 3,000 Defaulters To Court Over N5trn Debt
The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country.
It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...
Rising Debt Service Cost Weighing On FG’s Revenue – PwC
The increasing cost of servicing debt continues to weigh on the Federal Government’s revenue profile, a PwC report has said.
This report was titled ‘Nigeria Economic Alert: Assessing the 2021 FGN Budget.’
According to the report, the...
CBN Disburses N333.2bn For South-South Projects
The Central Bank of Nigeria has disbursed N333.2bn for various projects in the South-South region to provide funding for activities in different economic sectors.
The Governor, Central Bank of Nigeria, Godwin Emefiele, disclosed this on Thursday in Port-Harcourt at the...
Plant Protection Bill To Generate $2bn – NESG
The Nigerian Economic Summit Group on Thursday said the implementation of the Plant Variety Protection Bill, which was recently signed into law, would help Nigeria to generate over $2bn from seeds export.
It applauded the Federal Government for...
