Automation of non-oil revenue collection critical to economic growth– AGF

The Accountant General of the Federation, Ahmed Idris, has stressed the need for continued automation and management of non-oil revenue, stressing that this is critical towards increasing revenue generation and economic growth of the country.

According to him, diversification of the economy awa [...]

Sun, 02 December 2018

Mobile penetration: Nigeria records additional 3.1m active lines in October

An additional 3,180,525 active telephone lines were recorded in the country’s phone subscribers’ data in October 2018 alone.

The latest Subscriber/Operator Data published by the Nigerian Communications Commission, NCC, shows that active telephone lines in Nigeria increased from 162, [...]

Sun, 02 December 2018

FAAC shares N788.139bn as October allocation ....states IGR soars in Q1

The Federation Account Allocation Committee, FAAC, distributed a total of N788.139 billion to the three tiers of government as revenue for October 2018.

According to the committee, the total distributable revenue of N788.139 billion was made up of statutory distributable revenue of N682.161 bil [...]

Sun, 02 December 2018

Power accidents claim 453 lives in 3years – NEMSA

Not less than 453 people were said to have lost their lives to power accidents and electrocutions across Nigeria between 2015 and October 2018.

Speaking at the Power Safety Summit, PSS, in Abuja the Managing Director of Nigerian Electricity Management Services Agency, NEMSA, Engr. Peter Ewesor, [...]

Sun, 02 December 2018

Senate committed to speedy amendment of NDIC Act’

The Nigerian Senate said it is commitment to accelerate the amendment of the Nigeria Deposit Insurance Corporation, NDIC, Act, 2006.

The Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Rafiu Adebayo, made this known recently when he led his team on [...]

Mon, 26 November 2018

Africa’s consumer spending to hit $2.1trn by 2025

Consumer spending across Africa is expected to rise from the $1.4trillion recorded in 2015, to about $2.1trillion by the year 2025 owing to its steady population growth.

The Consumer Protection Council, CPC, said the spending will also be driven by key factors such as a young and growing popula [...]

Mon, 26 November 2018

SON introduce standards for human resources, recruitment

The Standards Organization of Nigeria, SON, has introduced new sets of standards to improve the quality of human resources and also ensure the sanctity of recruitment processes in the country.

Director General of the organization, Osita Aboloma, while unveiling the four sets of standards in Abu [...]

Mon, 26 November 2018

Inflation rate drops by 0.02% in October – NBS

The consumer price index, CPI, which measures inflation dropped to 11.26percent in October 2018, being 0.02percent points lower than the 11.28percent recorded in September 2018.

The National Bureau of Statistics, NBS, in its latest “CPI and Inflation Report” for October, reports tha [...]

Mon, 26 November 2018


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