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Nigeria loses billions daily as the JTF continues to steal oil in the Niger Delta

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Chi wins most Innovative FMCG company award

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The Federal Executive Council (FEC) has granted approval for a gateway platform under the auspices of the Ministry of Finance, Budget and National Planning to manage a portal in charge of issuance of import duty exemption certificates as well as vehicle identification and registration numbers. The weekly meeting held Wednesday was presided over by Vice …

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The Federal Government, on Monday, launched an Open Treasury Portal through the office of the Accountant General of the Federation, Ahmed Idris as directed by President Mohammadu Buhari. This is aimed at embracing Financial Transparency and driving the anti-corruption war of this administration. The initiative aims at ensuring transparency in government, as well as curbing …

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President Mohammadu Buhari will meet with his counterparts from the Economic Community of West African States (ECOWAS) on December 21 in Abuja to consider recommendations on the proposed single currency regime for the sub-region Nigeria Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this on Saturday in Abuja at the end of …

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Yesterday’s losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell N12.0bn to N12.9trn at the close of trading on the floor of the Nigerian Stock Exchange (NSE). Consequently, the development dragged the All-Share Index (ASI) down 9bps to 26,913.70 points while year to date (YTD) loss worsened to -14.4%. Activity …

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The Nigerian Bulk Electricity Trading Plc is reportedly owing a total sum of N361.67bn to Power generation companies for electricity generated, sold and fed into the national grid from January to August this year. The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and sells through vesting contracts to the distribution …

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  The House of Representatives on Wednesday raised the 2020 Appropriation Bill from N10.33 trillion to about N10.6 trillion. The new figure was proposed by the House Committee on Appropriation, which is scheduled to lay its report on the national budget at the plenary. The committee recommended a total budget sum of N10,594,362,364,830. President Muhammadu …

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Hon. Ahmed Wase, the First Deputy Speaker of ECOWAS Parliament on Wednesday said that the temporary closure of Nigeria’s land borders has improved the security situation of the country. Wase said this while reacting to the complaints of some African countries over the closure at the ongoing Second Ordinary Session of the ECOWAS Parliament in …

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China on Thursday summoned the US ambassador and threatened retaliation after US President Donald Trump signed legislation supporting Hong Kong pro-democracy protesters, just as the world’s top two economies edge towards a trade truce. Trump signed the legislation under heavy pressure from Congress, where it attracted rare bipartisan support, and in a statement spoke of …

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Nigeria spent N836.67 billion on the importation of Premium Motor Spirit, PMS, also known as petrol, and other petroleum products in the second quarter of 2019, according to data obtained from the National Bureau of Statistics, NBS. Data obtained from the NBS Foreign Trade in Goods Statistics for the Second Quarter of 2019, showed that …

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The current open market price for Premium Motor Spirit, popularly known as petrol is N163.68 per litre, the Petroleum Products Pricing Regulatory Agency stated on Monday. PPPRA stated on its website that the price of PMS as of November 15, 2019, was N163.68/litre, in contrast to the regulated pump price of N145/litre for which the …

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