Business

AfCFTA: GenCos power sector improvement to maximize gains

Nigeria has been advised to address its infrastructure challenges if it must benefit from the African Continental Free Trade Agreement, AfCFTA, it recently entered into.

The Association of Power Generation Companies, APGC, in a congratulatory message to the President, warned that Nigeria may no [...]

Sat, 13 July 2019


Tax tribunal resolves 42 cases in 8months

Since its inauguration in November 2018, the Tax Appeal Tribunal, TAT, said it has successfully resolved 42 tax related cases worth N288.1billion in the eight months of its existence.

The Coordinating Secretary of TAT, Mr. Mohammed Abubakar, gave the figure in Abuja at a retreat on effective an [...]

Sat, 13 July 2019


Buy locally made fabrics, CBN tells military, police, others

The Central Bank of Nigeria, CBN, has charged all uniformed services in the country to patronise local manufacturers for their textiles and uniforms in compliance with the Executive Order 003.

Governor of the apex bank, Godwin Emefiele, regretted that most ministries, departments and agencies a [...]

Sat, 13 July 2019


TSA: FG mops N50bn from banks

The federal government said it has saved over N50billion revenue from funds mopped up form commercial banks since the full implementation of the Treasury Single Account in 2015.

The Director of ICT in the Office of Accountant -General of the Federation, Mr. Afolabi Ajayi, said with the TSA, the [...]

Sat, 13 July 2019


Nigeria’s debt stock rises by 2.3% in three months

Nigeria’s total debt stock rose by 2.30percent in three months, to hit N24.9trillion as at March 31 2019, compared to the N24.3trillion in December 31, 2018.

According to the Debt Management Office, DMO, the debt which rose by N560billion was accounted for mostly by domestic debt which ro [...]

Sat, 13 July 2019


Nigeria’s milk import estimated at $1.3bn annually

Nigeria’s annual import of milk and other dairy products is currently estimated at US $1.3Billion, as the country’s cattle only contribute a conservation estimate of 50,000 liters of milk daily.

According to the Federal Ministry of Agriculture and Rural Development, Nigeria’s [...]

Sat, 06 July 2019


NASENI hopes to increase IGR via presidential order

The National Agency for Science and Engineering Infrastructure is optimistic that the Executive Order Five, when finally implemented, will revolutionize activities of the agency and steer more revenue to it.

Executive Vice Chairman and Chief Executive of NASENI, Prof Mohammed Haruna, while lame [...]

Sat, 06 July 2019


Financial inclusion: CBN sets monthly target for MFBs

In a bid to meet its financial inclusion target of 80percent by the year 2020, the Central Bank of Nigeria has directed Microfinance Banks, MfBs, to get at least 64 new customers every month in each of their branch.

The target followed a series of meeting between the CBN and MfB operators on th [...]

Sat, 06 July 2019


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PhotoElection petition: 65 dismissed, 735 ongoing, judges cancel vacation

Of the 800 election petitions before the 77 tribunals sitting across the country on the last governorship, state House of Assembly, [...]

14 July 2019

PhotoElection petition: 65 dismissed, 735 ongoing, judges cancel vacation

Of the 800 election petitions before the 77 tribunals sitting across the country on the last governorship, state House of Assembly, [...]

14 July 2019