Bayelsa Gov’t fault RMAFC over ‘Bankruptcy’ rating, demand revenue from oil and gas operations

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Bayelsa Government has faulted the report released by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on the low level of Internally Generated Revenue...

CBN asks banks to submit names of exporters who don’t repatriate export proceeds

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The Central Bank of Nigeria (CBN) has directed banks to provide the submit the names, addresses and bank verification numbers (BVN) of exporters that...

FG engages Chinese firm to build shipyard in Bayelsa …NCDMB, NLNG to drive project

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The Federal Government has engaged China Harbour Engineering Company for the construction of a shipyard in Brass Island, Bayelsa State. In a statement in Abuja,...

COVID-19: W/Bank approves $114m for Nigeria …To deploy $160b in assistance to 100 countries

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The Board of Directors of the World Bank has approved a $114.28m financing to help Nigeria in the battle against the COVID-19 pandemic with...

Akwa Ibom refunds deducted June salaries to workers

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Workers in oil-rich Akwa Ibom state have cause to smile as the state government has approved the payment of July salaries, complete with refunds...

Nigerian Content Intervention Found Increased to $350 million dollars

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The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200...

COVID-19: 17 banks seek CBN approval to restructure 32,000 loans

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Seventeen banks have approached the Central Bank of Nigeria (CBN), seeking regulatory backup to restructure over 32,000 loans for individuals and businesses impacted by...

N-Power has enrolled 500,000 so far, FG …To pay backlog of stipends as Batch...

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THE federal government has said a total of 500,000 Nigerians have benefited so far in the N-Power scheme just as it confirmed that enrolment...

N-Power Batch C registration to commence 11:45pm June 26

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The Batch C registration for the N-Power programme is scheduled to commence by 11:45 pm Friday (June 26) according to the programme’s official Twitter...

World Bank to Nigerians: brace for worst recession

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THE World Bank has urged Nigerians to brace for the worst recession since the 1980s. According to the blobal bank, the twin calamities of collapse...
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