Economy News Extra Latest News Privatisation & Commerce

WTO DG Election: Okonjo-Iweala, 4 Others Qualify For Next Round

Nigeria’s former Supervising Minister of Finance and one of the candidates contesting for the position of Director General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has won in the first run of the election. By scaling the first hurdle in the electioneering process, Okonjo-Iweala and four others will now proceed to the second […]

Banking Budgeting Economy News Extra Latest News Revenue Tax

FG Apologises Over Re-Registration Notice To Bank Customers, Others

The Federal Government on Friday apologized to Nigerians for its tweeted Notice asking all account holders in the financial institutions to re-register. As reported by BRTNews.ng, the government had, through its official twitter handle, on Thursday notified “the general public that all account holders in Financial Institutions (Banks, Insurance Companies, etc) are required to obtain, […]

Economy News Extra Latest News Power/Electricity

GenCos Sold N294.16bn Electricity In 5 Months

Electricity generation companies (GenCos) in the country sold electricity worth N294.16bn between January and May this year to the Nigeria Bulk Electricity Trading Plc (NBET), the bulk purchaser of generated power, for subsequent sale to distribution companies (DisCos). By the power sector regulatory regime, NBET, which is owned by the government, purchases electricity in bulk […]

Economy News Extra Latest News Oil & Gas Revenue

NNPC Reports N20.36Bn Trading Surplus In July

The Nigerian National Petroleum Corporation (NNPC) on Thursday reported a trading surplus of N20.36bn in July 2020 compared to the N2.12bn surplus it recorded in the preceding month. The disclosure, which was contained in a statement issued by the corporation on its financial and operations report for month, indicated that its most functional and flagship […]

Banking Budgeting Economy News Extra Latest News Revenue Tax

Revenue: FG Targets Bank Customers, Others For Tax Improved Collections

Apparently encouraged by the boost non-oil tax sources have been giving its revenue accruals in recent months and the need to consolidate on collections from the sources, the Federal Government has directed all bank, insurance and other financial institutions customers in the country to immediately fill Self-Certification Forms with their banks or face sanctions. The […]

Budgeting Economy News Extra Investments/Capital Market Latest News Transportation

FG To Commence Port Harcourt-Bonny-Maiduguri Rail Project

The Minister of Transportation, Rotimi Amaechi , on Thursday assured that the federal government would commence work on Port Harcourt-Bonny-Maiduguri railway project on completion of the Lagos-Ibadan standard gauge. The Minister, who gave this hint in Ibadan, Oyo State, during an inspection tour on the Lagos-Ibadan railway project to ascertain the level of work done […]

Civil Advocacy & Gender Matters Economy News Extra Health & Environment Latest News Political Economy

Nigeria To Flag Off Key Socio-Economic Devt Surveys

Nigeria is set to conduct the Multiple Indicator Cluster Survey (MICS6)/National Immunization Coverage Survey (NICS) with an inaugural meeting of the National Steering Committee virtually held yesterday. The task of the committee is to oversee the whole process of MICS6/NICS2020 to ensure that all activities concerning the survey are effectively carried out for a successful […]

Banking Economy News Extra Health & Environment Latest News

Climate Change: GCA opens Africa Office, as AfDB Assures $25Bn Support

The opening of a regional office by the Global Center on Adaptation (GCA) on Wednesday has elicited commendations from African leaders who expressed the hope that the step would spur the continent’s efforts to combat climate change. Several regional and global leaders attended the high-level virtual launch. Key speakers included the 8th UN Secretary-General Ban […]

Budgeting Economy News Extra Latest News Oil & Gas Political Economy Revenue Revenue Agencies Tax

Non-Oil Contribution To Tax Revenue Hits 90% – FIRS

The Federal Inland Revenue Service (FIRS) on Thursday stated that non-oil tax receipts had consistently contributed 75% to 90% of total tax collections over the past few months. The FIRS Director, Communications and Liaison Department, Dr. Abdullahi Ahmad, quoted the Executive Chairman of the service, Mallam Muhammad Nami, as disclosing this during a courtesy call […]