Exclusive Reports

Tue, Jan

Buhari Orders MDAs, Others To Grant FIRS Access For Tax Collection

President Muhammadu Buhari has directed Ministries, Departments, Agencies (MDAs), and other business enterprises to grant the Federal Inland Revenue Services (FIRS) access to their systems for nationwide tax collection. The directive came while the president delivered his address during the First Annual National Tax Dialogue by FIRS, at the old Banquet Hall, Aso Rock Villa in Abuja.

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 Reappoints Hadiza Bala Usman As NPA MD, Reconstitutes Board

President Muhammadu Buhari has approved the re-appointment of Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), for an additional five-year tenure. Also approved is the reconstitution of the Non-Executive Board of the NPA, with Emmanuel Adesoye (from South-west zone) as Chairman.

Nigeria’s Daily Oil Production Falls To 1.17M Barrels

Nigeria’s crude oil production in December 2020 fell to 1.17 million barrels per day, sinking to an all-time low last month by 155,000 barrels amid the production cuts placed by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies. OPEC made this known on Thursday in a January report, saying an increase in oil production would enhance Nigeria’s economy this year, particularly as Nigeria’s economy entered recession in the last quarter of 2020. “Crude oil output increased mainly in Libya, Iraq and the UAE, while production decreased primarily in Nigeria, Congo and Angola. Libya’s crude oil output in December rose to 1.22 million bpd, according to secondary sources,” OPEC said.

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.

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.

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