Business

Federal revenue crashes by N18.802 billion

Nigeria’s gross revenue crashed to N213.817 billion in the month of April 2016, a communique released by the Federation Accounts Allocation Committee (FAAC) and signed by the Accountant-General of the Federation, Alhaji Ahmed Idris, disclosed. The communique released Wednesday in Abuja indicated that the revenue for the month was lower than the N232.619 billion received […]

Business

Businessman forfeits undeclared $41,000 to FG

The Economic and Financial Crimes Commission (EFCC) on Tuesday successfully secured the conviction of one Agumandu Christopher Nnamdi, before Justice F.N. Yunusa of the Federal High Court Enugu, Enugu, on a count charge bordering on money laundering. The convict was arrested by a team of Presidential Trans-border Task Force of the Nigeria Customs Service on […]

Business

Enugu IGR hits N700m monthly

Enugu State Government says that its Internally Generated Revenue (IGR) has risen from N450 million to N700 million monthly due to improved collection system. The Commissioner for Finance and Economic Development, Mrs Eucharia Uche-Offor, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Enugu. Uche-Offor said that the increase […]

Business

Supply meters to electricity consumers, Emefiele tells DISCOs as CBN disburses Electricity Market Stabilisation Facility

Amechi Obiakpu   Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has called on all Electricity Distribution Companies (DISCOs) to ensure that all electricity consumers are supplied with meters. This, he said, will ensure that revenue realised will equate the amount of electricity consumed. Emefiele stated this over the weekend during the “4th […]