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Latest News Nigeria

FG, States, LGs Share N679.699bn May Allocation

The Federation Account Allocation Committee (FAAC) Thursday shared a total of N679.699 among the three tiers of government—the federal, state and local governments—as allocation for the May. The amount, shared at a joint meeting of FAAC, which held in Kano, includes total revenue distributable for the month, including Value Added Tax (VAT) of N106.826 billion […]Read More

Business Foreign Latest News News Nigeria

NNPC Assures Nigerian Of Adequate Supply Of Petroleum Product During

The Nigerian National Petroleum Corporation (NNPC) has assured the public of adequate supply of petroleum products during the Easter celebration. The Group Managing Director of the corporation, Mr Maikanti Baru gave the assurance on Thursday in Enugu at the ongoing 30th Enugu International Trade Fair. Baru said that the NNPC would provide petroleum products to […]Read More

Business Latest News Nigeria

Nigeria Recovers N1.2tr Unpaid Oil Debts, May Revoke Debtor Licencees

Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, disclosed that the Federal Government had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s automation initiatives.With some oil firms yet to remit their royalty to the Federal Government at the expiration of the statutory deadline, the Minister […]Read More