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Tag: $690 Million

$16.2bn Loan: NASS Gets $62m For Solar Power Project

$16.2bn Loan: NASS Gets $62m For Solar Power Project   The National Assembly will benefit $62.1m from the $16.2bn which the regime of President Muhammadu Buhari proposed to borrow from international lending agencies. The amount, according to the report of the Senate Committee on Local and Foreign...

Malami Named In $139m Bank Transfers, Reps Fault Process

Malami Named In $139m Bank Transfers, Reps Fault Process     The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and...

Nigerian, Malaysian Trade Now $845.6m

Nigerian, Malaysian Trade Now $845.6m   The Malaysian High Commissioner to Nigeria, Gloria Tiwet has said that the value of bilateral trade between both countries increased to $845.6 million in 2020 despite the COVID-19 pandemic, which disrupted global trade. Tiwet stated this at a meeting with the...

Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence

Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence   The Senate Committee on Trade and Investment on Monday suspended the budget defence of the Federal Ministry of Trade and Investment over what it described as vague documentation of N177m being the 20 per cent...

CBN Confiscates 67,000 Counterfeit Naira Notes In 2020

CBN Confiscates 67,000 Counterfeit Naira Notes In 2020     A total of 67,265 banknotes with a nominal value of N56.8 million were confiscated last year, the 2020 yearly report of the Central Bank of Nigeria (CBN) has revealed. The volume is 20.8 per cent less than 84,934...

MultiChoice Rejects Tax Tribunal’s Ruling On $342m Payment

MultiChoice Rejects Tax Tribunal’s Ruling On $342m Payment     MultiChoice Africa Holdings (MAH), the parent company of MultiChoice Nigeria, has rejected Tuesday’s ruling of the Tax Appeal Tribunal (TAT), which dismissed its appeal against the $342million Value Added Tax (VAT) bill slapped on it by the...