The National Bureau of Statistics (NBS) has stated that Nigeria generated N204.77 billion as Value Added Tax (VAT) in the first quarter of 2017.

CBN Injects another $413.5m into Forex Market

As part of its intervention the Central Bank of Nigeria (CBN) on Monday injected the sum $413.5 million into the inter-bank foreign exchange (forex) market.

The International Energy Agency (IEA) has stated that global oil output will expand faster than worldwide demand for oil next year, primarily as US producers rack up production, and the development could hamper exporters’ efforts to prop up prices.

Ex-depot price of diesel has dropped by over 30 per cent between February and June 2017 due to fluctuations in forex and international crude oil prices.

States, Pensions

Abia, Imo, Benue, Ekiti, others worse off
There are concerns over the backlog of remunerations being owed by state governors, as latest BudgIT report reveal that as much as 20 states currently owe pensioners and civil servants up to two years arrears.

The Nigerian Ports Authority (NPA) says policies introduced into the sector in the last one year have attracted investments worth over $86m.

N-Power, Graduates Category

The Federal Government Social Intervention Programme, N-Power, will re-open by 11.30pm today, for registration of new beneficiaries. Online application on the portal will be closed on July 13.

The Nigerian Electricity Regulatory Commission (NERC) has given a directive that no electricity distribution company Discos should disconnect any of their maximum demand customers that have not been metered since March 1, 2017.

The United Bank for Africa Plc (UBA) debut Eurobond has successfully raised USD500 million, with a 240% over-subscription.

Nigeria may officially export its first consignment of certified yams to the UK and U.S. by the end of June, Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has said.