The House of Representatives has called for stringent measures in tackling Illicit Financial Flows (IFF) as Nigeria has lost $140 billion (about N53.2 trillion) to this in 14 years. The call followed the adoption of a motion by Rep. Ochiglegor Idagbo during plenary on Thursday with emphasis on anti-graft agencies […]

The Federal Government has called for more investment from the Organised Private Sector (OPS) to invest in Bitumen extraction in order to meet local demand and increase the nation’s volume of export. The Minister of Science and Technology, Dr. Ogbonnaya Onu made the call while formally declaring open the 10th […]

  A bill for the establishment of the Social Investment Trust Fund to sustain the federal government’s Social Investment Programmes (SIPs) and other interventions has passed second reading with a proposed channelling of 15 percent of Value Added Tax (VAT) to finance the Fund. The Bill was sponsored by the […]

  The Federal Inland Revenue Service (FIRS) has issued a public notice to Ministries, Departments and Agencies (MDAs) giving them six months to remit outstanding taxes generated on behalf of the Federal Government of Nigeria. According to the notice, titled, ‘Payment of outstanding taxes by Ministries, Departments and Agencies (MDAs) […]

The Minister of Power, Engr. Sale Mamman, has said Nigeria will rake in N7 billion in tax revenue and another $10 million as annual import substitute from the ongoing Solar Power Naija scheme. The minister disclosed this at the weekend during the launch of the second phase of the scheme […]

With the inflation rate at 17.33 per cent, a three year high, the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 11.5 per cent. It was in September 2020 that the CBN reduced the interest rate and inflation rate which was 13.22%. The CBN Monetary Policy […]

  Nigeria Export Promotion Council (NEPC)   Nigeria can earn an extra $153.7 billion (N58.58 trillion) from export of leather, rubber, sugar and soya under the federal government’s Zero-oil Initiative. This was part of a report commissioned by the Nigeria Export Promotion Council (NEPC), conducted by Ernst and Young (EY), […]

                        The Nigeria Liquefied Natural Gas (NLNG) Limited said it has delivered 5000 gas cargoes to parts of the world earning $108 billion revenue while paying $35bn dividends in its 21 years of operation. The General Manager, External Relations […]

  The Minister of Science and Technology and leader of the South-East zonal caucus of the APC, Dr Ogbonnaya Onu   The federal government has approved the guidelines for the implementation of the Executive Order 5, the Minister of Science and Technology, Dr. Ogbonnaya Onu has disclosed. The Order places […]

    Following two consecutive losses, the equities market of the Nigerian Stock Exchange rebounded as the market capitalisation increased by ₦50.3 billion to settle at ₦21.5 trillion while the year to date return rose to 2.2 per cent. The All-Share Index rose 23bps to close at 41,147.72 points due […]