Latest from the Economic confidential
Incentives: Customs, FIRS, DPR Shared N142bn in Buhari's One year
Three major revenue collecting agencies have shared a total of N142.6 billion between June 2015 and May 2016 as the Cost of Collection. The highest allocations were mostly in 2015 while the lowest disbursement are in 2016. The beneficiary agencies are FIRS, NCS and DPR.
Read and see the breakdown: https://economicconfidential.com/2016/07/customs-firs-dpr-got-n142bn-pmb-one-year/
All Spokespersons in Nigeria Must be Certified by NIPR as Nigeria Internet User Hit 86mn
Spokespersons in Nigeria have been urged to register and renew their membership of Nigerian Institute of Public Relations (NIPR) to avoid sanctions as Nigerian Internet users hit 86mn.
NDIC Decries Rise In Non-Performing Insider- Related Loans, Calls For Stiffer Sanctions
The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern over the increasing wave of non-performing insider loans in various banks and its consequence on the stability of the nation's banking system.
Transport Minister Accuses Customs of Frustrating Port Operations
The Minister of Transportation, Rotimi Amaechi, has said the failure of the Nigeria Customs Service (NCS) to connect to the National Single Window, a cross-government website for trade facilitation, is hindering the effective operation at the seaports.
MEND Corroborates Buhari's Peace Talks with Militants
The Movement for the Emancipation of the Niger Delta, MEND, has confirmed President Muhammadu Buhari's claim that the Federal Government was actually dialoguing with Niger Delta militants through the oil companies and law enforcement agents.
Attacks: Nigeria Loses N53bn Oil Revenue in Three Months
The drop in Nigeria's crude oil revenue in the first quarter of 2016, put at N53.72bn, is higher than the total amount the nation lost in the whole of 2015 (N51.3bn) as a result of incessant attacks on pipelines conveying petrol.
Read: https://economicconfidential.com/2016/07/attacks-nigeria-loses-n53bn-oil-revenue-three-months/
Experts Caution Against Borrowing as Deficit Hits N890bn
The Federal Government recorded a deficit of N890.9bn in its fiscal operations within the first four months of this year, figures obtained from the Federal Ministry of Finance indicated.
NCDMB, BoI Create $100m Fund for Oil Operators
In a bid to boost access to the $600m Nigerian Content Development Fund, the Nigerian Content Development and Monitoring Board and the Bank of Industry have launched a new fund for oil industry operators.
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