FG Orders Power Projects Contractors Back To Sites     The Federal Government has ordered all contractors handling power projects across the country to return back to their various sites following the gradual relaxation of the COVID-19 lockdown. The Minister of Power, Sale Mamman, gave the order while...

Fed Govt Signs MoU On Ajaokuta Port     The Federal Government has signed a Memorandum of Understanding with Sealink Promotional Company Limited on the use of Ajaokuta jetty landing port. It said the MoU would enhance government’s bid to develop the economy and diversify the economy. The Federal...

FG, States, LGs Should Publish Revenue Data, Says NESG     The Nigerian Economic Summit Group has asked the Federal Government, state and local governments to publish data on revenue collection annually in order to develop a sustainable fiscal system for the country. This was one of the...

Fed Govt Borrowed N1.54trn Through Bond Auctions In H1’20   The Federal Government borrowed N1.54 trillion from domestic investors through bond auctions conducted by the Debt Management Office (DMO) in the first half of the year (H1’2020). These include N1.37 trillion borrowed through the monthly FGN bond...

Fed Govt May Force DSTV To Charge Per View   The Federal Government has disclosed plans to force the Digital Satellite Television, owned by MultiChoice, a South Africa-based cable service provider, to provide pay-per-view options to Nigerian subscribers. The government also said it has amended Nigeria’s broadcasting...

Reverse VAT To 5%, NECA Urges FG   The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to reverse the current Value Added Tax (VAT) from 7.5 per cent to initial five percent. NECA said this should be part of the measures to ameliorate the...