Rivers, Kaduna, Enugu lead with impressive IGR in 2019
Against the over-dependence on the monthly Federation Account Allocation, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for concerted efforts by state governments in boosting their internally generated…
CAMA Act 2020: CAC working to regulate e-signature, e-meeting to check cyber fraud
The Corporate Affairs Commission (CAC) says it will regulate e-signature and e-meeting promoted by the Companies and Allied Matters Act (CAMA) 2020 to checkmate cyber fraud. Mr Tolulope Sonaike, an…
We’re ready for forensic probe on alleged missing 48m barrels of crude – NNPC
The Nigerian National Petroleum Corporation ( NNPC) on Thursday, said the report on missing 48 million barrels of crude oil was unfounded and a total falsehood. It also urged the…
We’re not afraid of coronavirus, we still eat bushmeat – Epe wet market vendors
Just a few months after Epe Fish Market was under lockdown to stem the spread of the new coronavirus, vendors at the site in the southern Nigerian state of Lagos…
Nigeria’s production compliance under focus as OPEC+ group meets
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic….
COVID-19: World Bank calls for greater debt relief plans to save poorer nations
World Bank President, David Malpass, said that a more ambitious debt relief plan is needed to save poorer countries from sliding into pandemic-induced “depression”. “This is worse than the financial…
Saudi King Salman, President Buhari discuss oil market, stress importance of compliance to OPEC+ agreement -SPA
Saudi Arabia’s King Salman bin Abdulaziz and Nigerian President Muhammadu Buhari discussed efforts taken to stabilise and rebalance global oil markets in a telephone call, Saudi state news agency SPA…
FG wades into MTN, Union trade dispute
The Federal Government has waded into the trade dispute between MTN Nigeria Communication Plc and Private Telecommunication and Communications Senior Staff Association of Nigeria (PTECSSAN). Sen. Chris Ngige, Minister of…
It’s N480 to a dollar as scarcity of forex worsens
The scarcity of dollars at the parallel market worsened on Tuesday in Lagos and it forced the Naira down to N480 to a dollar. The Pound Sterling and the Euro…
GSI helps banks recover N50.32m bad loans in 9 days – CBN
Mr Kevin Amugo, Director, Financial Policy and Regulation, CBN, said Nigerian banks recovered about N50.32 million bad loans from debtors within nine days the country commenced operations of the Global…