PIB: NNPC wants consultants to make bold recommendations


The Nigerian National Petroleum Corporation, NNPC, has charged its consultants on the Petroleum Industry Reform Bill, PIB, to take a comprehensive look at issues in the oil and gas sector and make bold recommendations for enduring reforms.

A statement by the corporation sa [...]

Fri, 06 April 2018

Metering: Electricity consumers to pay extra service charge

As the federal government prepares for the enforcement of the new Meter Asset Provider Regulations 2018, about a week from now, customers metered under the new arrangement will have to pay what government terms ‘Metering Service Charge’.

The additional charge follows the unveiling o [...]

Sat, 24 March 2018

Sale of national assets pointless - RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has again warned against the outright sale of the nation’s national assets, saying such move will only enrich the buyer at the expense of the country.

It said the proposed reduction of government’s equity in the Niger [...]

Sat, 24 March 2018

FG saves N68bn on personnel cost in 2017

The federal government said it has saved at least N68billion on personnel cost in 2017 alone, through the implementation of the Integrated Personnel and Payroll Information System.

The Minister of Finance, Mrs. Kemi Adeosun, made the disclosure during her presentation of "Status Update on [...]

Sat, 24 March 2018

FIRS grows tax revenue by N700bn in 2years

The Federal Inland Revenue Service said it has fast-track tax payment compliance and raise tax revenue by over N700billion in the last two years through the deployment of Information and Communications Technology.

The Executive Chairman of the agency, Mr. Babatunde Fowler, disclosed this at the [...]

Sat, 24 March 2018

FG to fight malnutrition through increased fish production


The Minister of State for Agriculture and Rural Development, Sen. Haineken Lokpobiri, has assured Nigerians that the present administration is committed to develop fish farming and aquaculture in the country.

The minister while delivering his keynote address at the International W [...]

Sat, 24 March 2018

Metering: NERC unveils new operators, regulations

To bridge the metering gap in the country and ensure accurate energy billing of consumers, the Nigerian Electricity Regulatory Commission, NERC, has introduced a new class of operators in electricity supply chain.

The new players known as Meter Asset Providers, MAPS, would now take up the duty [...]

Fri, 16 March 2018

FG gets $300m AfDB loan to curb unemployment

Nigeria has received approval for a $300million loan from the African Development Bank, AfDB, to be channeled towards improving the livelihood for youths in both urban and rural areas of the country.

The Secretary to the Government of the Federation, Boss Mustapha, who disclosed this at a round [...]

Fri, 16 March 2018


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