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NEC committee: DisCos indebted to the tune of N230bn

    NEC committee: DisCos indebted to the tune of N230bn

The ad hoc committee of the national economic council (NEC) says distribution companies (DisCos) owe the electricity market N230 billion as a result of inefficient collection system and under remittance.

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NIPOST: We’ve approached Pantami, Malami to retrieve stamp duty function from FIRS

    NIPOST: We’ve approached Pantami, Malami to retrieve stamp duty function from FIRS

Ismail Adewusi (pictured right), the postmaster general of the federation, says the Nigerian Postal Services (NIPOST) is working on retrieving the function of collecting stamp duty from the Federal Inland

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FAAC meeting ends in deadlock as oil price crash veils effect of new VAT

    FAAC meeting ends in deadlock as oil price crash veils effect of new VAT

The monthly federation account allocation committee (FAAC) meeting ended inconclusively on Wednesday. Hassan Dodo, the director of information at the ministry of finance, budget and national planning, addressed journalists briefly

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Coronavirus: Arik Air suspends flights to Ghana, Liberia, Senegal

    Coronavirus: Arik Air suspends flights to Ghana, Liberia, Senegal

Arik Air says flights to all of its destination in Ghana, Liberia and Senegal will be suspended. In a statement released on Monday, the airline said the suspension will be

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Coronavirus: CBN injects N1.1trn into economy

    Coronavirus: CBN injects N1.1trn into economy

The Central Bank of Nigeria (CBN) says it will increase economic interventions activities by N1.1 trillion owing to the continued

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Oil price crash: FG proposes to cut 2020 budget by N1.5trn, suspends recruitment

    Oil price crash: FG proposes to cut 2020 budget by N1.5trn, suspends recruitment

The federal government is proposing to cut the 2020 budget size by N1.5 trillion from N10.59 trillion to N9.09 trillion. Zainab

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Subsidy out, petrol now N125 as FG says price will ‘reflect current realities’

    Subsidy out, petrol now N125 as FG says price will ‘reflect current realities’

The federal government has directed the Nigerian National Petroleum Corporation (NNPC) to reduce the ex-coastal and ex-depot prices of PMS to reflect

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FEC mulls petrol price slash as landing cost drops

    FEC mulls petrol price slash as landing cost drops

The federal executive council is currently deliberating on reducing the pump price of petrol, TheCable can report. This comes after

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NERC: DisCos received 172,833 customer complaints in three months

    NERC: DisCos received 172,833 customer complaints in three months

The eleven electricity distribution companies (DisCos) in the country received 172,833 complaints from consumers in three months. This is contained

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AFDB debars two Nigerian companies for fraud

    AFDB debars two Nigerian companies for fraud

The African Development Bank (AFDB) has announced the debarment of Beulah Universal Link Resources Limited for 36 months and Bluestream

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