Lagos, 14 Other States’ Debts Hit N1.68trn       The cumulative domestic debts of Lagos and 14 others rose by 153.82 per cent between December 31, 2015 and March 31, 2021, analysis of data obtained from the Debt Management Office has shown. Each of the states in question...

FG Targets $70m Profit From Crude Supply To Indonesia     The Nigerian National Petroleum Corporation (NNPC) through its subsidiary, Duke Oil, has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corporation, Pertamina and Indian Oil Corporation. The development, which...

Rise In Oil Price Continues, Inches Closer To $75pb     The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as industry data pointed to a substantial decline in United States crude stockpiles coupled with rising fuel sales in India as...

Naira Weakens To 4-Year Low As Dollar Sells For N502/$1   Nigeria’s currency weakened to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and...

2020 Finance Act Improving Tax Collection – CITN     Newly elected president of the Chartered Institute of Taxation of Nigeria (CITN), Mr. Adesina Adedayo, has lauded the federal government for implementing the tax reforms which he said were recommended by past Study and Working Groups of...

In Six Years, Buhari Regime Has Borrowed $2.02bn From China       The Buhari’s administration has borrowed $2.02bn as loans from China from 2015, data obtained from the Debt Management Office on Monday showed. According to the statistics obtained from the DMO, Nigeria’s total debt from China as...