Nigerians Call Buhari’s Integrity To Question As NNPC Squanders N81.41bn On Refineries Without Refining Any Crude In 13 Months

By Seun Adeuyi Nigerians have questioned the integrity of President Muhammadu Buhari who also doubles as the Minister of Petroleum Resources over the report that the Nigerian National Petroleum Corporation (NNPC), squandered N81.41bn on refineries between January and August this year without refining a single drop of crude oil. The agony in their reactions was […]

FAAC shares N604bn to FG, States, LGAs As October Allocation

By Brangyet Kabien The Federation Accounts Allocation Committee (FAAC), had distributed a total of N604.004 billion to the three tiers of government, as federation allocation for October 2020 on Wednesday in Abuja. Giving the break down of the sharing formula, the Federal Government received N220.751 billion, the States received N161.825 billion, while the Local Government […]

No Plan To Increase Tax, FG Insists

By Brangyet Kabien The Federal Government has denied any plan to increase Value-Added Taxes( VAT).  This was even as it approved the finance bill 2020 aimed at engendering incremental changes in the nation’s tax laws and support the 2021 fiscal year.  The endorsement was done on Wednesday during the Federal Executive Council (FEC) meeting presided […]

NNPC Fails To Remit $21billion To Federation Account — Revenue Commission

By Adejumo Enock The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has accused The Nigerian National Petroleum Corporation (NNPC) of non – remittance of $21 billions to Federal Account. Meanwhile, NNPC refuted the allegation by RMAFC that it failed to remit $21billion to the Federation Account.In the report submitted to the House of Representatives Committee […]

GTBank Named Nigeria’s Best Digital Bank

Guaranty Trust Bank (GTBank), one of Nigeria’s leading tier-1 bank, has emerged the best digital bank in Nigeria, displacing Zenith Bank Plc which was the highest ranked bank in 2019. The rating was announced on Thursday in a report by the Consumer Banking Satisfaction Index in its third edition released by an indigenous African credit […]

WTO Reschedules Selection Meeting For New DG

Next week, the WTO is postponing a meeting where members will try to appoint a new president, but with little hope of succeeding after Washington blocked the preferred nominee. The 164 member states of the World Trade Organization were due to meet on Monday to select between the two remaining candidates to lead the crisis-wracked […]