Truth Is Treasure
By Mathew Dadiya, Abuja The off-grid solar sector has been expanded into a $1.75 billion annual market, serving 420 million users over the past decade and continues to grow, according to a trend makers report. Off-grid solar solutions have played a pivotal role in extending energy access to millions of people, especially in Sub-Saharan Africa
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About 70 members of Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on Monday, bemoaned the nonpayment of their severance package 10 years after they were sacked by Mobil Producing Nigeria (MPN) subsidiary of US firm- ExxonMobil. They said that they were disengaged in 2009 before the expiration of their
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By Tony Obiechina, Abuja The Federation Accounts Allocation Committee (FAAC) has shared a total of N647.353 billion for January 2020 Federation Account Revenue accrued to the Federal, States and Local Governments in the country. This was announced on Wednesday at the meeting of the Federation Account Allocation Committee (FAAC) held in
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By Mathew Dadiya, Abuja An International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) redouble its action in dealing with the banking system vulnerabilities, commending the bank’s recent efforts at reducing legacy non-performing loans. The IMF noted that the introduction of risk-based minimum capital requirements by the CBN
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By Tony Obiechina and Mathew Dadiya, Abuja The Consumer Price Index, (CPI) which measures inflation increased to 12.13 per cent (year-on-year) in January 2020. This is 0.15 per cent points higher than the rate recorded in December 2019 (11.98) percent. According to a report obtained from the Nigeria Bureau of Statistics (NBS) on Tuesday, On month-on-month
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By Gowon Emakpe, Abuja Justice Inyang Ekwo of Federal High Court, sitting in Abuja will on May 4, 2020, decide whether both the National Universities Commission (NUC) and a Telecom firm, ZAIN Nigeria Ltd (now Airtel) are culpable in the alleged copy right infringement brought against them by one Christian
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The Niger Delta Development Commission (NDDC) has denied awarding 300 different contracts to a serving Senator. NDDC Acting Managing Director, Joi Nunieh, who made the rebuttal at a budget defence of the agency in Abuja, following reports in the media to the effect that such contracts were awarded with 150
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By Tony Obiechina, Abuja Non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs have been adduced as major reasons why the Federal Inland Revenue Service (FIRS)had failed to meet its tax
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By Tony Obiechina, Abuja Federal Inland Revenue Service (FIRS) has launched a national intelligence gathering system to gather data and track all tax evaders and defaulters, with a view to bringing them all to book and make them pay their fair share of taxes to the country. The Executive Chairman, FIRS,
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Bureau of Public Enterprises (BPE) says plans are underway to generate N270.79 billion from its 20 transactions in 2020. The Director-General, BPE, Mr Alex Okoh, disclosed this at a breakfast meeting with newsmen on Wednesday in Abuja. Okoh explained that N3.94 billion would be spent out of the money in
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