Dangote’s Business Tactics Harmful To Nigerian Economy, Says U.S         “Dangote model will likely be the one most emulated until its beggar-thy-countrymen contradictions become more apparent.” The United States described the Dangote Group of Companies’ business strategies as disastrous to the Nigerian economy. Owned by Africa’s richest man,...

Lagos State Govt Earned N418bn From Tax In 2020 – LIRS         Lagos State Government raked in N418bn as tax revenues in 2020 despite the outbreak of the COVID-19 pandemic, the state’s internal revenue service has said. A statement issued on Sunday by the States Fiscal Transparency...

AMCON Drags 3,000 Defaulters To Court Over N5trn Debt         The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country. It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...

NNPC Pledges Crude Supply To 20,000bpd Lagos Refinery   The Nigerian National Petroleum Corporation has committed to supply crude oil to a refinery project on Tomaro Island in Lagos, with a capacity of 20,000 barrels per day. Integrated Oil & Gas Limited, the promoters of the Eko...

Nigeria Records N5trn Non-oil Exports       More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year. The goods were shipped out of Lagos ports and formed part of the total export goods valued at about N6 trillion. Customs...

Govts, Companies Raise N4.6trn From Capital Market In Five Months       Nigerian governments and companies have raised some N4.6 trillion in new capital from the capital market so far this year, already more than 100 per cent above the total capital raising recorded for the whole...