Report Reveals FG spent N29bn to Repair Damaged Power Towers   The Federal Government, through the Transmission Company of Nigeria (TCN) has spent a total sum of N29.3bn as costs to repair 266 electricity towers damaged by vandals nationwide, the latest data obtained from TCN showed. The...

FG Needs N19trn to Complete 2,604 Ongoing Projects - Minister   The Minister of Works, David Umahi, has stated that the financial requirements to successfully complete the ongoing 2,604 road projects inherited by the current administration have increased to N19trn, an increase from the previously estimated...

Nigeria Eyes $1bn Monthly from US Diaspora Bond – Cardoso Nigeria is contemplating launching a diaspora bond in the United States in a bid to achieve monthly remittance inflows of $1 billion. Central Bank Governor (CBN), Olayemi Cardoso, disclosed this during an interview with Reuters on...

Nigeria Lost Over $500m To Cybercrime In 2022 – EFCC The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the dangers of cybercrime, saying Nigeria lost over $500 million to it in 2022. This is according to the Chairman of the anti-graft agency...

5% Excise Duty: Telecom Firms Reject Proposed Reintroduction   The Association of Telecommunications Companies of Nigeria, ATCON, has rejected plans by the Federal Government to reintroduce a five percent excise duty on the telecommunications sector, warning that the move could significantly burden the industry. On July 6,...

FG Records Tax Revenue Windfall, Banks’ Tax Rises by 109.6%   There are indications that the Federal Government is having great times in its finances as its revenue from Value Added Tax (VAT) and Company Income Tax (CIT) rose by 85 per cent year-on-year, YoY, to...