IGR: FCT Revenue Agency Remits N118bn, Targets N202bn in 2022

N118 billion has been remitted into Federal Capital Territory Administration coffers as at November with a projection of N202 billion in 2022 the Federal Capital Territory Internal Revenue Service (FCT-IRS) has said. Mr Haruna Abdullahi, Acting Executive Chairman of the service, who disclosed this to newsmen in Abuja on Wednesday said that, the figure meant the…

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NBS: Nigeria Foreign Trade Balance in Q3 Records N3trn Negative

Nigeria recorded N3 trillion negative foreign trade balance in the Third Quarter(Q3) of 2021 as total import hits N8.2 trillion against N5.1 trillion in the period under review National Bureau of Statistics(NBS) has revealed. Dr. Simon Harry, the Statistician General of the Federation and Chief Executive Officer of National Bureau of Statistics,  made this disclosure  during a…

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With New Deadly COVID-19 Variant, Economic Doldrums Loom As Only 1.8% Of Nigerians Are Fully Vaccinated

Economic and Medical experts have warned that Nigeria’s economy could be under intense pressure as more people become exposed to newer and deadlier variants of COVID-19. Only 3,774,203 Nigerians, that is 1.887 per cent of the country’s 200 million population and about three percent of eligible persons fully vaccinated against COVID-19. The latest SARS-CoV-2 variant,…

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Buhari Seeks Urgent Passage of Finance Bill 2021, Writes Senate

In order to guide the implementation of the 2022 appropriation, President Muhammadu Buhari has written the Senate again, seeking the consideration and subsequent passage of the 2021 Finance bill. This was contained in a letter dated 7th December and addressed to the President of the Senate, Senator Ahmad Lawan, and read Tuesday during plenary.In the letter, President…

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NCC Identifies SIM Swaps, USSD e-Payment As Biggest Cyber Fraud Threats

Nigerian Communications Commission (NCC), has listed Subscriber Identity Module (SIM) swaps and Unstructured Supplementary Service Data (USSD) e-payment frauds as some of the biggest cyber threats confronting the telecom industry. According to the Commission, attackers target telecom networks with the intent of getting access to consumers’ information in the databank of service providers. Director, Consumer…

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Nigeria, Senegal, Pakistan Sign Pharmaceutical Trade Agreements

Nigeria and Pakistan on Thursday signed trade agreements on affordable cardiovascular pharmaceuticals and other antibiotics at the ongoing trade exhibition by Pakistani companies in Lagos.  The agreements were signed on the last day of the 2nd Pakistan-Africa Trade Development Conference and Single Country Exhibition.  The Deputy Managing Director, Assene Laborex Eurapharma, Mr Renaud Beauchamp, after…

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