Stakeholders Fault Govt Over N1.5trn Revenue Target For Customs   Stakeholders have faulted the government for setting revenue target of N1.5trn for the Nigeria Customs Service this year. They insisted that the job of the Customs was trade facilitation and not revenue generation. They said this yearly annual...

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was deducted and not remitted into the federation account in violation of the provisions of the Constitution. The Office of the Auditor-General...

Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective - AfDB Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African Development Bank has said. AfDB’s acting Vice President, Power, Energy, Climate Change and Green Growth, Mr Wale Shonibare, said this in...

FG’s Interventions In Power Sector Hits N1.5trn, Says Osinbajo   Despite the privatisation of Nigeria’s power sector, the Federal Government’s financial intervention in the industry has risen to N1.5trn, Vice-President Yemi Osinbajo, has said. He said this as indication emerged that no power distribution company in Nigeria...

In 8 Months, Stock Market Sheds N1.5trn   Investors in the nation’s stock market have lost a total of N1.52trn in eight months, as the total market capitalisation of equities listed on the Nigerian Stock Exchange dropped from N11.721tn at the beginning of the year to...

Banks Jostle To Unlock N1.5tn For Real Sector Lending   Commercial banks are positioning themselves to attract more customers in the small business segment of the market as the deadline given by the Central Bank of Nigeria (CBN) for the financial institutions to maintain a minimum...