BUSINESS
We Generated The Highest Revenue Of N6.4 Trn In 2021 — FIRS
The Federal Inland Revenue Service (FIRS) generated a record N6.4 trillion as revenue in 2021, the highest in its history. Last year's revenue collection exceeded that of 2019 when the agency raked in N5.3 trillion under the administration of Babatunde Fowler. Spokesman to FIRS Chairman, Oluwatobi Wojuola, who disclosed this via a statement issued on Thursday said that despite the limitations...
Curfew: “Save Our Livelihood, Means Of Survival In Abia” – De Latinos CEO Urges Govt
An entrepreneur and the CEO De Latinos, a leading hospitality organisation in Abia, Emmanuel Okenini aka Bello has decried the prolonged curfew imposed in various cities of Abia including Aba and Umuahia, saying it is putting their business under existential threat., ABN TV reports. Okeini said at a time when the industry was gradually getting its foot back on the...
FG To Cut Agencies To Reduce Governance Cost – Finance Minister
The President, Muhammadu Buhari, has approved the implementation of the Steve Oransaye Committee report on the rationalisation of government agencies. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while appearing on a Channels TV programme, Politics Today. The Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions, now commonly referred to as the...
We’ll Pursue Expansion Policies To Fight Recession – CBN
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will pursue expansionary monetary policies to fight recession because the fiscal policy was already constrained. Emefiele said this was necessary to curb the rising inflation and address recession in the economy. He said this was part of the resolutions of the Monetary Policy Committee meeting held...
DStv, GOtv Undergoing Upgrade, Not Hacked – MultiChoice
MultiChoice says claims circulating on social media that its entertainment platforms – DStv and GOtv- have been hacked was not true. A representative of the company who pleaded anonymity told The PUNCH (not ABN TV) on Sunday. It was gathered that the Pay-TV company was upgrading its system and had informed its subscribers via text messages last week. The company told its...
Total Blackout In Abuja, Abia, Imo, Others As National Grid Collapses
Abuja Electricity Distribution Company, AEDC has confirmed power outage in Abuja due to collapse of national grid. AEDC in a statement on its Twitter page blamed the power outages in parts of FCT on the grid collapse. It electricity company said the situation was being handled and that power would be restored in the shortest possible time. A statement from the AEDC...
Excitement As Ahmed Musa’s Petrol Station In Kano Drops Pump Price To N620
Super Eagles Skipper, Ahmed Musa, has announced the reduction of the price of Premium Motor Spirit at his fueling station, MYCA7 in Kano from N620 to N580 per litre. The professional footballer disclosed this on his verified Twitter page. Musa wrote: “Fuel #580 @MYCA -7 Filling Station Kano. 🏃♀️🏃♀️,” sparking excitement among Nigerians. One Twitter user, Scala @lakaas123, excitedly enquired “How manage...
FG: Fuel Subsidy Removal Saved Nigeria $84bn, Funded Major Infrastructure Projects
The Federal Government has declared that President Bola Tinubu’s removal of the petrol subsidy has ended a massive financial drain that cost Nigeria over $84 billion and enabled the funding of 40 key road projects within two years. This was revealed in a policy document titled “Two Years Later: Key Benefits of Subsidy Removal”, released by the National Orientation Agency...
NIGERIA’S BORDER CLOSURE NOT MEANT TO PUNISH OUR NEIGHBOURS – BUHARI
President Muhammadu Buhari Saturday in London said that the partial closure of Nigeria’s borders is not meant to punish her neighbours, but to strengthen the country’s security and economy. At a meeting with a select group of the Nigerian Community in the United Kingdom, the President explained that the period of closure will be used for stock-taking on threats to...
Tinubu Can’t Make Dollar, Naira Value Equivalent — Former Minister
A former Minister of Lands, Housing and Urban Development, Chief Nduese Essien has faulted the claim by the Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu that he would bring the naira at par with the dollar ...
