By Peace Busari The Lagos State Government has indicated a monthly target of N60.318 billion Internally Generated Revenue (IGR) to fund the 2021 budget. Speaking during a media briefing on the Analysis of the Year 2021 Budget at Alausa, Ikeja,…
By Peace Busari The Asset Management Corporation of Nigeria (AMCON) has announced Capt. Abdullahi Mahmood, a former Chief Pilot of Arik Air, as the substantive CEO for Aero Contractors. Nigerian NewsDirect found that this transpired after Aero’s former helmsman, Captain…
The National Bureau of Statistics (NBS) has disclosed that all commodity import group between July and September 2020 (Q3) import index rose by 1.89 per cent driven mainly by an increase in the prices of products of the chemical and allied…
The Manufacturers Association of Nigeria (MAN), Edo/Delta branch, has described the increase in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC) as ‘ill-timed’ due to the economic recession. Chairman of the branch, Mr Okwara Udensi told journalists in Benin…
Electricity consumer groups on Wednesday kicked against the minor adjustment in electricity tariffs approved for the 11 electricity distribution companies by the Nigerian Electricity Regulatory Commission (NERC). The groups, the Energy Consumer Rights and Responsibilities Initiative (ECRRI) and All Electricity…
By Seun Ibiyemi The Nigeria Customs Service (NCS) says it generated the sum of N1.5 trillion for the year 2020. The Customs’ Public Relations Officer, Mr Joseph Attah, made this known in a statement in Abuja on Wednesday. Attah said…
The Finance Act 2020 recently signed into law by President Muhammadu Buhari clearly provides that the federal government can borrow from the unclaimed dividends and dormant account balances under the Unclaimed Funds Trust Fund. The funds are made available as…
The World Bank has said global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday…
The Federal Government on Tuesday emphasised ban on rice importation. Mr Abdulhamid Ma’aji, Comptroller, Nigerian Customs Service in charge of Sokoto and Zamfara, made the emphasis at the reopening of Illela Border in Sokoto State. It was reported that the…
President Muhammadu Buhari says sustainable development is impossible when a country is hobbled by severe infrastructural deficits, thanking China for its support in building of rail, road, power, defence and other infrastructural facilities. The president’s spokesman, Mr. Femi Adesina in…
