Lagos, Kano Highest Beneficiaries Of N75bn Survival Fund – Fed Govt   Lagos, Kano and Abia States have emerged as the highest beneficiaries of the federal government’s Survival Fund, following their receipt of N2.5bn, N2bn and N1.7bn respectively. This was the highlight of a presentation made by...

Tax: Lagos, Rivers, Others Make N2.33trn From PAYE In Three Years     The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay As You Earn in three years, according to data collated from the National Bureau of Statistics. According to the NBS, PAYE...

Report Says, Only Lagos, Rivers, Anambra Can Survive On IGR, VAT           Only three states in Nigeria can survive without support from the Federal Government. This was disclosed in BudgIT’s report ‘State of States, 2021 edition: Fiscal Options for Building Back Better’ released on Tuesday. According to BudgIT,...

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...