Business
FAAC: FG, States, LGs share N780.9bn as allocation for March, 2020
April 22, 2020
FAAC: FG, States, LGs share N780.9bn as allocation for March, 2020
The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as March 2020 Federation Account Revenue to…
Nigeria’s Inflation Rate hits 12.26% -NBS
April 21, 2020
Nigeria’s Inflation Rate hits 12.26% -NBS
The National Bureau of Statistics (NBS) said that the nation’s inflation rate has increased from the 12.20 percent recorded in…
COVID-19: Capital Market Support Committee to raise N1bn
April 21, 2020
COVID-19: Capital Market Support Committee to raise N1bn
In a bid to support the fight against COVID-19 and its impact on the Nigerian economy, the capital market community…
Oil price crashes into negative territory, first time in history
April 21, 2020
Oil price crashes into negative territory, first time in history
U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut,…
NIPC seeks tax holiday for medical, pharmaceutical sectors
April 20, 2020
NIPC seeks tax holiday for medical, pharmaceutical sectors
In a bid encourage investments in the healthcare and pharmaceutical sectors, Nigerian Investment Promotion Commission (NIPC) has advised that several…
AfDB debars China Zhonghao for fraudulent practices
April 20, 2020
AfDB debars China Zhonghao for fraudulent practices
The African Development Bank Group has announced the debarment of China Zhonghao Nigeria Limited, a civil engineering company registered in…
FIRS sets new record, as Q1 2020 revenue collection hits N1.2trn
April 17, 2020
FIRS sets new record, as Q1 2020 revenue collection hits N1.2trn
The final performance result in revenue collection by the Federal Inland Revenue Service (FIRS) for the first quarter(Q1, 2020) has…
TCN says electricity supply revenue may dip during lock-down
April 16, 2020
TCN says electricity supply revenue may dip during lock-down
The Transmission Company of Nigeria (TCN) has said the ongoing lockdown may affect revenue generation for the power sector during…
Power minister says REA installs 4 solar grids at COVID-19 Centres
April 16, 2020
Power minister says REA installs 4 solar grids at COVID-19 Centres
The Minister of Power Engr. Sale Mamman says the Rural Electrification Agency (REA) has commissioned four solar power mini-grids at…
COVID-19: FG reduces price of NPK Fertilizer to N5,000 per bag
April 15, 2020
COVID-19: FG reduces price of NPK Fertilizer to N5,000 per bag
The Federal Government of Nigeria has reduced the price of NPK 20.10.10. Fertilizer from N5,500 to N5,000 per 50kg bag.…