COVID-19: NNPC: 52m Crude Oil Barrels Lost to OPEC Cuts
A data by the Nigerian National Petroleum Corporation (NNPC) has revealed how Nigeria lost at least 52 million barrels of crude oil between May and […]
Category: Business
FAAC Shares N616.886 Billion April 2021 Revenue To FG, States, LGs
The Federation Accounts Allocation Committee (FAAC) has shared a total of N616.886 billion as April 2021 Federation revenue to the Federal, States and Local Governments […]
CBN To Begin Gradual Harmonisation Of Exchange Rates, Removes N379/$1 Rate From Website
The Central Bank of Nigeria (CBN) has began gradual harmonisation of exchange rates with the removal of N379/$1 official rate from its website. The move, […]
World Bank Says Nigeria Diaspora remittances declined by 27.7% to $16.8bn
World Bank has said that remittances by Nigerians in the Diaspora declined by 27.7 per cent in 2020. A report by the World Bank titled […]
Senate Panel Discovers N2Trn Revenue Fraud
The Senate Committee on Finance has revealed that about N2 trillion revenue may have been trapped with Ministries, Deartments and Agencies of government or spent […]
Ogun Nets N21bn IGR In Q1, Eyes N30 Billion In Second Quarter
In spite of the decline in its Internally Generated Revenue (IGR) last year due to the effects of COVID-19, Ogun State Government raked in N21 […]
BREAKING: FG May Slash Civil Servants’ Salaries, Merge Agencies, Others To Cut Cost, Says Finance Minister
The Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, has revealed that President Muhammadu Buhari has directed the salaries committee to review payroll […]
Discos Gets Approval Of Five-year Performance Improvement Plan From NERC
The Nigerian Electricity Regulatory Commission (NERC) has approved a five-year Performance Improvement Plan (PIP) and Capital Expenditure (Capex) benchmark for Distribution Companies (Discos), expected to […]
First Bank Reacts To CBN’s Sacking Of Its Board
The Management of FBN Holdings PLC, the parent company of First Bank, says the holding company and the bank will cooperate with the new directive […]
Why Chairmen, Directors Of First Bank Holdings, First Bank Plc Were Removed, CBN
The Central Bank of Nigeria (CBN) on Thursday removed Mr. Oba Otudeko and Mrs. Ibukun Awosika as Chairman of First Bank Holdings Company and Chairman, […]