NNPC Presents N3trn Subsidy Bill For 2022 To FEC   The Nigerian National Petroleum Company, NNPC, Limited has presented to the Federal Executive Council FEC a bill of N3 trillion as what is required in 2022 for payment of petroleum subsidy. This was disclosed by the Minister...

FRC Targets N3trn Operating Surplus From MDAs In 2022   The Fiscal Responsibility Commission (FRC) is targeting no less than N3 trillion operating surplus from Ministries, Departments and Agencies (MDAs) next year. When realised, such funds will be remitted into the Federal Government Consolidated Revenue Funds in...

Currency In Circulation Hits N3trn In November   The Central Bank of Nigeria (CBN) has disclosed that the currency in circulation grew by 6.2 per cent from N2.97trillion in October to N3.15trillion in November 2021. Currency in circulation hits the historical N3trillion mark in November 2021 as...

Petrol Subsidy May Rise To N3trn In One Year – NNPC subsidiary     The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium Motor Spirit (petrol) will rise to N3tn if the current market realities persist. The...

Nigeria Imports Papers Worth N3trn Yearly – Printers     The Chartered Institute of Professional Printers of Nigeria (CIPPON) has said that Nigeria imports N3 trillion worth of papers annually. The institute also said the country prints over N1.2 billion books annually with a significant number out of...

Infrastructure, Weak Policy Push Printing Losses To N3trn         Discrepancies between duties on imported books and materials used for printing, the collapse of paper mills and importation of printed materials may have caused a loss of over N3 trillion, the Chartered Institute of Professional Printers of...