Market Capitalisation Rose By N24 Billion

Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 percent. Specifically, the All-Share Index improved further by 45.10 points or 0.11 percent to close at 40, 341.05 against 40, 295.95 achieved on Tuesday.

774,000 FG Jobs Set To Commence Tomorrow – Minister

Months after many debates on the Federal Government Special Public Works Programme which would engage 774,000 unemployed Nigerian Youth, the state Minister of Labour, Festus Keyamo has disclosed that the job is set to kick-start tomorrow, Tuesday, 5th Jan 2021.

Nigeria Lost N5.4trn To Tax Evasion By Multi-Nationals – Nami

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has said that Nigeria may have lost $178 billion (N5.4 trillion) to tax evasion in ten years by multi-national companies.

PIB, Electoral Act: Senate Promised To Complete Legislative Action Before End Of 2021

The President of the Nigerian Senate, Ahmed Lawan has disclosed that the lawmakers have concluded a plan to face the Petroleum Industry Bill, PIB, amendment of the Electoral Act before next year winds down.

Kano-Niger Republic Rail Line: Contractor To Commence Work Soon As FG Sign Papers

The Federal Government has today signed the contract documents to commence the Kano- Maradi, Niger Republic, and Kano-Dutse railway project  Minister of Transportation, Rotimi Amechi, stated this today while updating newsmen on the development saying, Mota-Engil Group, is the contractor selected by the government to execute the project and as a gesture, they have pledged to build a University for the Nigerian Government as its corporate social responsibility.

Buhari Threaten Sanction Against Defaulting Revenue Generating Agency

President Muhammadu Buhari has today issued a strong warning to revenue-generating agencies against defaulting to meet targets. Buhari issued this warning shortly after he signed the N13.588 trillion 2021 Appropriation Bill and Finance into law, encouraging the authorities to work hard to meet their target.

Hike In Electricity Tariff: TUC Threaten Face-Off As NERC Blame Inflation

Following the hike in the electricity tariff by the federal government, Trade Union Congress (TUC) of Nigeria has issued a stern warning demanding the Federal Government to reverse its decision to old tariff or face its wrath.

NNPC’s Gas Handling Facility Begins Operations

The Nigerian National Petroleum Corporation (NNPC) through its subsidiary, the Nigerian Petroleum Development Company (NPDC) has on Monday announced the commencement of operations at its integrated gas handling facility with a reduction in gas flaring.

Nigerians Groans As FG Approved Another Hike In Electricity Tariff

The Nigerian Electricity Regulatory Commission (NERC), has approved a 50% tariff hike in the price of electricity tariff with effect from January 1, 2021. According to the new rule, the hike is to be shouldered by consumers of the electricity from the 11 electricity Distribution Companies, DISCOs.

CBN: 42 Microfinance Banks Immediately Shut Down

The Nigeria Deposit Insurance Corporation (NDIC) has announced the liquidation of 42 microfinance banks (MFB) across the nation following the revocation of their licenses by the Central Bank of Nigeria (CBN). This was disclosed in a statement by the corporation on their website.