Data from the Petroleum Products Pricing Regulatory Agency shows that Nigeria’s government is expected to spend ₦750.81 billion on the petrol subsidy in 2020. The…
Minister of Works and Housing, Babatunde Fashola, has said that the FG, as of October 2019, owes contractors working on federal road projects the sum…
President Buhari has ordered the Accountant General of the Federation to publish daily treasury summary statements of financial inflows and outflows. The AGF was also…
Nigeria’s government has filed a fraud charge against Process & Industrial Development over a $9.7 billion judgement awarded against it for a failed gas project…
The Senate has passed the 2020 budget. Senate President, Ahmad Lawan, had informed lawmakers at plenary shortly after the Public Procurement Act 2007 amendment bills…
Nigeria’s House of Representatives has raised the country’s proposed 2020 Appropriation Bill to about ₦10.6 trillion, up was from the initial ₦10.33 trillion. The new…
Nigerian banks recovered ₦738.15 billion in Non-Performing Loans from the Oil and Gas sector in one year, according to a report from the NBS. NPLs…
Figures from the NBS show that Nigeria earned a total of ₦275.12 billion from Value Added Tax in the third quarter of 2019. The earnings…
Telecommunications companies say they may stop offering Unstructured Supplementary Service Data services to financial institutions for free. The Association of Licensed Telecommunications Operators of Nigeria…
The FG has reviewed the ₦50 stamp duty charges on electronic payments in the country following a backlash from Nigerians and industry stakeholders. The ₦50…