NCS, FIRS, NUPRC Spend N924.7bn on Revenue Collection in 11 months
The cost of revenue collection by Nigeria’s key agencies – the Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) – continued to rise despite improved technology...
DisCos Pay TCN N137bn Amid Persistent Grid Collapses
The 11 electricity distribution companies (DisCos) operating in the country paid a total of N137.06 billion to the Transmission Company of Nigeria (TCN) in the first nine months of 2024 as transmission and administrative charges, despite the...
Retailers to Begin Loading from P’Harcourt Refinery – PETROAN
Barring any last-minute change in plans, marketers and retailers of petroleum products will lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week.
The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association...
Federation Account grew by 7.48% in Q3 2024
Money flowing into Nigeria’s federation account grew to N6.86 trillion in the third quarter of 2024, according to a new Economic Report from the Central Bank of Nigeria (CBN).
This was a 7.48 per cent increase from the...
CBN Facilitates N7.05bn, $714,569.03 Refund to Bank Customers in Eight Months
The Central Bank of Nigeria (CBN) has made several money deposit banks in Nigeria refund N7.05 billion and $714,569.03 to bank customers within eight months, disputing the financial service providers.
The eight-month recovery is part...
NELFUND Disburses N23bn to Tertiary Institutions, Individuals
The Nigerian Education Loan Fund (NELFUND), the official federal government agency in charge of student loans in Nigeria, has disbursed a total of N23 billion to several individuals and 128 tertiary institutions in Nigeria.
Speaking to senior journalists in...
