Category: Local News

Federal Government

Subsidy: FG pays oil marketers, others N940.2bn

17 ViewsThe Federal Government says it has paid N940. 2 billion to oil marketers, exporters, local contractors including arrears owed state governments. The N940.2 billion repayment figure is contained in the latest debt stock released...

0529427c debt management office

Lagos, Rivers Lead as Public Debt Climbs to N33.1tn

33 ViewsNigeria’s total public debt had a 0.58 per cent marginal increase from N32.916 trillion as of December 31, 2020 to N33.1 trillion ($87.239 billion by March 31, 2021, latest figures from the Debt...

NAPIM

We’ve realised 1m euros from carbon credit market–NAPIMS

23 ViewsGroup General Manager, National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, has disclosed that the Joint Venture partnership between the Nigerian National Petroleum Corporation (NNPC) and TotalEnergies has raked in €1 million (euros)...

Food Items exemted from vat

Inflation, hunger loom over fresh strike by food sellers

28 ViewsThe Amalgamated Union of Food Stuff and Cattle Dealers of Nigeria (AFUCDN) has threatened to cut the supply of foodstuff nationwide if insecurity is not addressed by the Federal Government. A drastic drop...

FMDQ Securities Exchange

FMDQ Commends CBN for Restoring Transparency in FX Market

20 ViewsThe Chief Executive Officer, FMDQ Group, Mr. Bola Onadele. Koko, has hailed the Central Bank of Nigeria (CBN) for activating the on-system trading and reporting of foreign exchange (FX) transactions on the FMDQ-advised...

senate

Senate passes Bill to restrict NIPOST to postal operations

30 ViewsThe Senate on Tuesday passed the Nigerian Postal Service (Repeal and Reenactment) Bill, 2021, which effectively restricted the agency to only postal operations in the country. The Bill also unbundled the agency by...

ECOBANK

Ecobank seeks to raise $300m from debt markets

32 ViewsEcobank Transnational Incorporated, the parent company of the Ecobank Group, has said it is seeking to raise $300m from the international debt capital markets. ETI said in a statement on Monday that the...

PenCom recovers N14.38bn unremitted pensions from employers

PenCom stop charges on artisans’ savings below N5m

31 ViewsThe National Pension Commission has ordered Pension Fund Administrators to stop charging any fee on micro pension funds under their management that are below N5m. It disclosed this on Monday in a circular...

AFCTA

FG: AfCTA to Boost Africa’s Exports by $560bn

23 ViewsWhen fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the continent by at least $560 billion, the federal government has said. Senior Special Assistant to the Nigerian...

PRESTIGE

Prestige Assurance plans N3.37b capital raise

25 ViewsPrestige Assurance Plc has planned for a new capital raise of N3.374 billion to enable it meet capitalisation requirements of N10 billion set for companies in its category. This this is despite that...