BUSINESS
FG, States, LG’s Share N682.060bn As Allocation For August
The Federation Accounts Allocation Committee (FAAC) has shared a total of N682.060 billion August 2020 federation account revenue to the Federal, States and Local...
FG Takes Over Revenue Management Of NNPC, Customs, FIRS, NCC, Others
The Federal Government on Tuesday moved to boost its resources by directly taking over control of revenue management of its 10 most lucrative Enterprises....
Investors Are Losing Confidence In Nigerian Oil & Gas Industry – NNPC
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari, says the absence of a stable fiscal environment is inhibiting the growth...
FG Has No Business Managing Oil Refineries – Osinbajo
Vice President Yemi Osinbajo has restated the resolution of the Buhari administration that the Federal Government has no business running oil refineries in Nigeria. Speaking...
Petrol Subsidy Removed Because Of Fraud – Mele Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, said the Federal Government removed subsidy on petrol because of fraud. Kyari...
Dangote Refinery May Not Significantly Reduce Petrol Price – Zainab Ahmed
Zainab Ahmed, the minister of finance, budget and national planning, says the Dangote Refinery being constructed may not significantly reduce the retail price of...
We Had To Borrow To Fund Roads, Rail, Power – Buhari
The President, Muhammadu Buhari, on Tuesday, justified the nation’s debt profile, saying his regime needed to borrow to fund critical infrastructure like roads, rail,...
433,000 Nigerians, Businesses To Get N50,000, N30,000 Each – FG
Tola Johnson, Special Assistant to President Muhammadu Buhari on Micro Small and Medium and Medium Enterprises(MSMEs), says 100,000 small businesses will get N50,000 each. NAN...
We Spent N42 Billion Fixing Pipelines In 6 Months – NNPC
The Nigerian National Petroleum Corporation, NNPC has said it spent a total of N41.98bn on pipeline repairs and management cost in the first half...
BREAKING: Nigeria’s Debt Rises By N2.3trn, Hits N31trn – DMO
The Debt Management Office on Wednesday released Nigeria’s total public debt stock as of June 30, 2020, and put the country’s entire debt at...
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