Fish Import Bills Rise To N500bn In 11 Months   Despite being the largest producer of fish in Africa, Nigeria has spent about N500 billion on fish import in the last 11 months. Findings revealed that the higher cost of imported fish products since 2015 and the...

Customs May Generate N500bn From Overtime Cargoes Auction             The Nigeria Customs Service (NCS) may rake in over N500 billion from over 8,000 overtime cargoes that are trapped at the port where the cargoes and the auctioning are subjected to due diligence. Sources at the Nigerian Shippers...

NEXIM Rolls Out N500bn For Non-Oil Export       The Nigeria Import Export Bank (NEXIM) is implementing N500 billion Non-oil Export Stimulation Facility and N100 billion Export Development Fund at single digit interest rate to support the production and export of goods and services. Managing Director and Chief...

Petrol Subsidy Rises To N500bn       With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the...

How National Assembly ‘Padded’ 2021 Budget With Over N500bn       Before transmitting the 2021 budget to President Muhammadu Buhari, the National Assembly inserted several projects, as well as increased and cut down the budget of some ministries, departments and agencies (MDAs). The 2021 budget proposed by President...

Reps Jerk Up 2021 Budget By Over N500bn         The House of Representatives has increased the 2021 budget by over N500 billion. It will be recalled that President Muhammadu Buhari on October 8, 2020, present a budget size of N13.08 trillion before a joint session of the...