‘18 Unviable Airports Account For N65bn Revenue Shortfall’       The Federal Airports Authority of Nigeria (FAAN), has blamed unviable airports scattered nationwide for its poor earnings and revenue shortfall over the years, now in excess of N65 billion. Management of FAAN, while appearing before the House of...

Downstream Sector Deregulation Will Boost Investments – NNPC       The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. Group Managing Director of the Nigerian National Petroleum...

Lagos Atop As States’ IGR Drops By 11.7%       The Internally Generated Revenue of the states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019. The National Bureau of Statistics disclosed on Tuesday in its report published on...

Lagos, 3 Others Owe Over Half Of States’ Foreign Debt Four states of the federation — Lagos, Edo, Kaduna and Cross River — dominate the list of sub-national governments indebted to foreign bodies, statistics obtained from the Debt Management Office, has shown. Analysis of the DMO...

Kaduna Gets 3,000 Capacity Tractors Assembly Plant. …..Solar plant too Governor Nasiru El-rufai of Kaduna State has inaugurated a tractor assembly plant of Springfield Mahindra in Kaduna that would produce 3,000 tractors yearly. With the inauguration of the plant, the state was being positioned to be an...

Tax Underpayment: FG Reviews Data of 130,000 High Net-worth Persons, Firms – Adeosun The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and firms that have potential tax...