The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. NEITI Director Communications and Advocacy, Dr Orji Orji, said this in a statement. Orji said FAAC disbursed a total sum of N6.418 trillion in 2017 showing an increase of […]
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Governor Akinwunmi Ambode of Lagos State, has flagged off the electronic tax payment campaign of the state which will allow residents and citizens of Lagos State to pay their taxes directly to the coffers of the State Government. The flag-off campaign was kicked off at the Guaranty Trust Bank, Opebi branch, Lagos on Monday February […]
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The Central Bank of Nigeria (CBN) has provided fresh $210 million to meet customers’ requests in various segments of the foreign exchange market. The Bank’s Acting Director, Corporate Communications Department, Isaac Okorafor, in a statement on Monday in Abuja, said that $100 million was offered to authorised dealers in the wholesale segment of the market. […]
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The Nigerian National Petroleum Corporation (NNPC) said it supplied a total of 29.058 million litres of Premium Motor Spirit (PMS) popularly known as petrol to thirteen Northern states in three days. In its report on daily dispatch to filling stations made available to the News Agency of Nigeria (NAN) in Abuja on Friday, it named […]
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The National Bureau of Statistics (NBS) says the inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.13 per cent in January from 15.37 per cent recorded in December, 2017, The NBS disclosed this in its CPI report for January 2018 released on Wednesday in Abuja. The Consumer Price Index (CPI), […]
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The Asset Management Corporation of Nigeria (AMCON) on Tuesday took over the assets of Daily Times Nigeria Plc, a foremost media establishment over huge outstanding loan. The corporation in a statement signed by its Head, Corporate Communications, Mr Jude Nwauzor, said that the take over was in continuation of AMCON recovery activities in the new […]
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Seven-Up (7-Up) Bottling company has voluntarily withdrawn it shares from the Nigerian Stock Exchange after it received a takeover bid from its majority shareholder, Affelka. The company had filed an application to delist its shares from the NSE and end its 32-year journey as a publicly listed company. Exchange’s approval which came into force last […]
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Nigeria’s Vice-President, Prof. Yemi Osinbajo, will on February 13 inaugurate Marketmoni/Micro Small and Medium Enterprise (MSME) Clinics in Kogi under the Federal Government’s Social Investment Programmes (SIP). The News Agency of Nigeria, NAN, reports that Mr Adoga Ibrahim, the Special Adviser to Gov. Yahaya Bello of Kogi on Multilateral Donor Agencies and Special Projects/Focal Person […]
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Nigeria’s biggest mobile-phone company, MTN, plans to raise about $500 million from the sale of shares during the first half of the year. The move is to enable the company in fulfilling the terms of a deal struck with the Nigeria to settle a record fine imposed on it in 2016 over SIM registration default. […]
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The Nigerian National Petroleum Corporation (NNPC) says it has started a crack down on erring marketers and fuel hawkers in the country. In a statement released on Wednesday by Ndu Ughamadu, the Group General Manager, Group Public Affairs Division of NNPC, it was said that the move was to sanitize the fuel distribution system and […]
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