Investors To Raise N102.75bn For National Carrier – Fed Govt
Private investors are to raise $250m (N102.75bn at N411/$ official exchange rate) to start up Nigeria’s national airline, the Federal Government has said.
It disclosed this in a document on the updated status of the government’s...
Nigeria Loses $70m To Illegal Fishing Annually
The House of Representatives has expressed worry that Nigeria loses $70 million yearly to Chinese and other European trawlers due to illegal fishing in the nation’s waters as observed by the Nigerian Navy in 2017.
As a result, the...
FIRS To Deduct Tax From Defaulters’ Bank Accounts
The Federal Inland Revenue Service (FIRS) has threatened to deduct tax liabilities from defaulters’ bank accounts.
It said in a statement in Abuja, Wednesday, that the move was being considered, “following rising cases of willful and illegal withholding...
Nigeria Loses $8.8trn To Capital Flight
The House of Representatives has urged the Federal Government to develop an effective mechanism and strategy to prevent the persistent occurrence and address the menace of capital flight in Nigeria.
The House said it was aware of the Central Bank...
Pension Operators Seek Alternative Investments As Assets Decline
The Pension Fund Operators Association of Nigeria has said it is seeking other alternative investment options aside from the government bonds and treasury bills to increase returns on investment.
The Chief Executive Officer, PenOp, Oguche Agudah, said this...
ICT Missing In $8.4bn NIPC Q1 Investment Announcement
The ICT sector was conspicuously absent on investment announcement released on Monday by the Nigerian Investment Promotion Commission.
From 33 per cent ($1.61bn) in Q1 2020, ICT contributed nothing to investment announcement in Q1 2021. This is despite...
