The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Insuretech Pula to deliver best-in-class agriculture index insurance products to protect African farmers from climatic risks. The pact was partly sealed based on the lingering challenges facing African farmers every farming season, […]
General Electric (GE) on Monday announced the successful rehabilitation of three 9E.03 gas turbines, at three Niger Delta Power Holding Company’s (NDPHC) power plants in Calabar and Sapele, enabling the plants to reliably secure and restore the supply of up to 360 megawatts (MW) of electricity to the national grid. A news report sourced from […]
Nigeria’s efforts towards achieving broad-based and cross-sectoral development on sustainable basis will not translate to remarkable success unless adequate commitment is given to accurate and timely statistical data production covering all facets of national development, the Statistician General of the Federation, Dr. Yemi Kale, has stressed. Dr Kale, who made this remark at the opening […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has unveiled plans to carry out a nationwide verification and reconciliation exercise on revenue inflows and remittances from relevant organizations to the appropriate government treasury covering a four year period (Jan 2016 – Dec 2019) with a view to compelling defaulting MDAs to remit such revenue to […]
The Minister of State for Industry, Trade and Investment, Ambassador Mariam Yalwaji Katagum, has reaffirmed the ministry’s commitment to Federal Government’s agenda of lifting 100 million Nigerians out of poverty in the next ten years. The Minister was quoted in a statement issued by the Assistant Director (Information), Mrs. Oluwakemi Ogunmakinwa, as making the promise […]
Barely few hours after apologizing to Nigerians on its Thursday’s directive requiring all account holders in financial institutions to complete a new ‘self-certification’ form, the Federal Government today said that the Notice was not meant for all financial institution persons and assured that the Federal Inland Revenue Service (FIRS) would make further clarifications on the […]
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 […]
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, […]
The Federation Accounts Allocation Committee (FAAC) yesterday at the end of its virtual meeting disclosed that the three tiers of government shared a total sum of N682.060 billion from the federation account as their allocations for the month of August 2020. Out of the sum, inclusive cost of collection to NCS, DPR and FIRS, the […]
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 […]