FAAC Probes Road Tax Scheme Over Poor Responses
The Federation Account Allocation Committee (FAAC) is investigating the Road Infrastructure Tax Credit Scheme due to poor responses from participating companies.
Only three out of seven companies have provided required details on their involvement and expenditure.
"The Sub-Committee had...
The Group Chief Executive Officer of NNPC, Bayo Ojulari, has assured Nigerians that the ongoing price competition in the downstream petroleum sector will ultimately benefit consumers.
Nigeria's external reserves grew by $4.39bn between December 23, 2024, and December 23, 2025, according to data from the Central Bank of Nigeria (CBN).
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has hit a record N100bn in approved credit guarantees for agriculture loans and investments in Nigeria.
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has reassured investors that the country's recent joint security operation with the US in Sokoto would not destabilise markets.
The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric vehicle (EV) infrastructure in Nigeria.
