Reps Increase Customs’ Revenue Target To N1.6trn         The House of Representatives yesterday increased the revenue target of the Nigeria Customs Service (NCS) from N1.4 trillion to N1.6 trillion as expected revenue for the 2021 fiscal year. The House also approved about N257, 183, 671, 694. 71...

Consumer Credit Hits N1.6trn In January The value of consumer credit in the Nigerian economy fell by four per cent to N1.593 trillion in January 2021. The Central Bank of Nigeria (CBN) revealed this in its monthly economic report for January. It noted that at the aforementioned...

PFAs Shun T’bills, Invest N1.6trn In Banks, Commercial Papers     Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have revealed. Data obtained by our correspondent from the National Pension Commission revealed that the operators have increased...

FCT, Lagos, Ogun, May Lose N1.6trn To Lockdown     At least N1.62trn is expected to be lost in terms of monetary output by businesses and firms as a result of the two-week restriction of movement imposed on Lagos, Ogun and the Federal Capital Territory by the...

N1.6trn NNPC, Sovereign Wealth, Education, Funds Omitted In 2020 Budget   A total of N1.635 trillion key expenditure items captured in the 2020-2022 Medium Term Expenditure Framework (MTEF) are missing in the N10.594 trillion 2020 Budget recently passed by the National Assembly and assented to by...

States’ Revenues Rose By 46.11% To N1.6trn   Chairman, Joint Tax Board, Mr Babatunde Fowler, on Thursday said the revenue generated at the state level rose from N800.02bn to N1.6trn between 2016 and 2018, representing an increase of 46.11 per cent. Fowler made the disclosure in his...