The Federal Government recorded a revenue shortfall of N307.49bn from July to October last year, according to data obtained from the Central Bank of Nigeria’s latest economic reports. The report said the federation revenue improved in the third quarter of…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Apapa Area Command, says the command generated N870.39 billion revenue from January to December 2021. The Area Controller, Comptroller Malanta Ibrahim, said this at a news conference on Thursday in Lagos. Ibrahim…
The African Union, African Export-Import Bank (Afreximbank) and AfCFTA on Thursday commercially inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. PAPSS is a cross-border, financial market infrastructure enabling payment transactions across…
The Central Bank of Nigeria may need to tighten monetary conditions, in form of higher rates, in line with the global trend of managing foreign currency reserve depletion. This is according to a Sigma Pensions report titled, ‘Nigeria 2022 outlook:…
Spurred by the vision, objectives and successes of policies, progranmmes and projects instituted by the Nigerian Communications Commission (NCC) to bridge the digital divide and encourage the youth to harness derivable benefits of the Fourth Industrial Revolution (4IR), the authority…
By Seun Ibiyemi The Federal Operations Unit Zone A of Nigeria Customs Service has announced that it made seizures 319,525 litres of PMS, others worth a duty paid value of N7,813,257,112 and generated N617,919,095.19 as total revenue made last year. Acting…
…Charges Diaspora on direct investment By Tobi Adetunji The President, of the Federal Republic of Nigeria, Alhaji Muhammadu Buhari (retd.), on Tuesday, endorsed the establishment of the Nigerian Diaspora Investment Trust Fund, a private sector investment window for Nigerians in the…
…Says servers are most secure for Identity Management The National Identity Management Commission (NIMC), has debunked media reports making the round that its servers were hacked. The Commission stated that its servers were not breached but are fully optimised at…
By Seun Ibiyemi The Nigerian Ports Authority (NPA) on Tuesday said 19 ships at the Lagos ports were discharging bulk wheat, general cargo, fuel, container, base oil, trucks and frozen fish. According to the authority’s shipping position report, 19 other…
The Federal Government has signed a Memorandum of Understanding (MoU) with the Hellenic Republic of Greece to strengthen bilateral ties, Nigeria’s economy diversification, and security among others. Nigeria’s Minister of Foreign Affairs, Geoffrey Onyeama, signed the MoU alongside his Greek…
