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NCC approves 1,492 phone brands, warns consumers against purchasing unapproved brands 

NCC approves 1,492 phone brands, warns users against unapproved devices 

Mobile phones are said to be approved by the NCC. to ensure they are of quality standard and fit to be sold to users in Nigeria
taxes, tax, business, FAAC disbursed N617billions in April, as South-South scoop N72billions, VAT, Finance Minister, Zainab Ahmed says Nigeria VAT collection rate is low, NBC, Rite Foods, others to pay new tax as FG identifies new revenue streams ,,Finance Minister reveals how World Bank, AfDB pushed FG into requesting Chinese loan 

How capital and recurrent expenditure work, a case study of Lagos & Enugu

Capital expenditure is mostly investment in assets that are used over time in the provision of goods or services to the taxpayers.
FIRS boss wants to tax street traders, artisans, others, FIRS tighten noose on deduction of stamp duty, CIT, others 

FIRS tightens noose on deduction of stamp duty, CIT, others 

FIRS has tightened regulations regarding payments of Stamp Duty, Withholding Tax and Company Income Tax .
FIRS' Nami doubtful of meeting Buhari’s revenue target, runs to Lagos for help 

FIRS’ Nami doubtful of meeting Buhari’s revenue target, runs to Lagos for help 

The Executive Chairman of FIRS, Muhammed Nami, said FIRS might not be able to meet the N8.5 trillion revenue target set by President Buhari.
Niger Delta Development Commission (NDDC)

Buhari restructures NDDC after Joy Nunieh’s sack

President Muhammadu Buhari has replaced Barr Joy Nunieh with Professor Kemebradikumo Pondei, as Acting Managing Director in the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC).
World Bank approves $2.2 billion loan for Nigeria

World Bank approves $2.2 billion loan for Nigeria

World Bank has approved about $2.2 billion loans for Nigeria to iuplift human capital and economic development in 2020.
NNPC, Chinese firm conclude plans to commence AKK project , NNPC refineries dormant for three months, post losses for 13 straight months, Atlantic Council Global Energy Forum, Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Importing petroleum products must stop, NNPC has over $20bn assets - Kyari, Nigeria loses $750 million to crude oil theft in 2019 – NNPC 

Nigeria lost $750 million to crude oil theft in 2019 – NNPC 

The Group Managing Director NNPC, Mele Kyari, said Nigeria lost about $750 million to crude oil theft in 2019
Inflation: Headline Inflation sustains uptrend

Inflation: Headline Inflation sustains uptrend

Based on the data released by the National Bureau of Statistics, Headline inflation in Nigeria rose by 15bps to 12.13% in January.
Ikeja Electric customers to pay more as IE increases tariff by 50% 

What you need to know about proposed tariff review by DisCos

The eleven Distribution Companies in Nigeria have requested to increase their tariff to reflect the operating costs, as NERC stated that such a move is illegal and in line with its Rules.
US gives Buhari condition for Nigeria’s travel ban review 

US gives Buhari condition for Nigeria’s travel ban review 

The United States Government has given the Nigerian government conditions that could likely necessitate the review of its travel ban.
IMF identifies lacking facilities at Lagos seaports , Nigeria’s GDP forecast for 2020 to drop - IMF 

Nigeria’s GDP forecast for 2020 to drop – IMF 

The International Monetary Fund (IMF) has revised downwards Nigeria’s GDP forecast from 2.5% to 2% for 2020.
FG divided over housing deficit as the number rises to 22 million 

SGF, Fashola divided over nation’s housing deficit

Nigeria has a deficit of 16 million to 22 million housing units, but this figure has created a division between the SSG to the Federal Government and Minister of Works and Housing.
Gas flaring, Gas flaring: A never-ending dark tunnel  

Gas flaring: A never-ending dark tunnel  

World Bank’s Global Gas Flaring Reduction Partnership (GGFRP) ranks Nigeria as the 6th largest gas flaring country globally.
President Muhammadu Buhari, loans, Oil price, FG, Solar vehicles, P&ID firm, Nigeria's GDP, Debt Servicing: Nigeria pays $1.12 billion to World Bank, others in 10-month , How the latest Fitch report affects you in 2020 

UPDATED: Inflation rate jumps to 12.13%, highest in 21 months

Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020.
Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay 

FG sets deadline for completion of Ibadan-Kano rail project

The Federal Government has given a timeline for the completion of the Ibadan-Kano rail line.
Donald Trump, What does Iran’s war with America mean for Africa?, US to stop issuing visa for Birth Tourism, Trump Travel Ban List: Why Nigeria should be excluded  

Why Nigeria should be excluded from Trump’s travel ban – CNN

If the reason for banning immigrant visas from Nigeria should hold ground, all visas including temporary should have been banned as well.
GencosArnergy secures $9 million from investors, Electricity poles, Transmission Company of Nigeria, TCN to ban Ikeja Electric Eko Discos and Enugu Discos, Discos, power supply in Nigeria, Association of Nigerian Electricity Distributors,ANED, PwC proposes possible solutions to the biggest problem facing Nigeria’s electricity sector, GenCos to shut down over NBET's administrative charge  , DisCos fail to distribute 8,848.24 megawatts of electricity - TCN , Crisis rocks SSAEAC as association leaders accuse each other of sabotaging power grid, Power: No solutions yet   

Power: No solution at hand   

Based on data from the Advisory Power Team in the Office of the VP, the nation's power sector lost an estimated N19.15 billion in 10 days.
Zainab Ahmed

Creative Industry: FG to disburse N7 billion to 35 firms 

Thirty-five firms in the creative industry have been granted N7 billion in order to enhance the growth of the industry.
You are working for Nigeria, not for personal interests, Buhari warns MDAs, This is how much the Federal Government borrowed from Pension Funds in 2019, Increased productivity and higher employment rate required for inclusive growth - IFC 

This is how much Federal Government borrowed from Pension Funds in 2019

A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.
NNPC Towers, Abuja

Why $60 billion claim against IOCs is hard to sell- NNPC

NNPC has disclosed that the $60 billion owed by international oil companies operating in Nigeria can’t be recovered.
FGN Bonds record first undersubscription in 2 years, More borrowing expected as DMO’s Oniha explains President Buhari’s thirst for loan 

 FG to sell $3.3 billion eurobond, appoints advisers 

All plans are in progress for the Federal Government to conclude the sale of $3.3 billion Eurobond through open competitive bids.
NEC Inauguration: Buhari tells Governors "no more bail-outs", Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, States receive N2.53 trillion allocation in 2019 , IGR: States generate N986.2 billion in 9-month, up by 16.8% [full-list], FG share N8.15 trillion with states, others in 2019 

FG shares N8.15 trillion with states, others in 2019 

The sum of N8.15 trillion of the Federation Account distributions was reportedly shared among the Federal, States and Local Governments in 2019.
Mobility in Africa 

Mobility in Africa, breaking new grounds

As Africa enters a technology revolution, the pace of urbanisation will increase, and the ever-pressing issue of mobility will increase with it.
Nigerian Customs: Apapa Command recorded N40.6 billion FoB in 2019

Tin Can Command targets N540 billion revenue for FG in 2020 

Lagos Customs plans to achieve its N540 billion revenue target this year with a monthly minimum of N47.4 billion
CBN-Governor-Emefiele, Investors’ and Exporters’ forex window aided Naira stability – Emefiele , Financial Inclusion: CBN licensed 15 mobile money operators – Emefiele , Rates continue to decline as banks struggle to meet CBN’s 65% minimum LDR, CBN releases new guidelines, to fine banks N2 million over customers’ complaint , CBN: FG fell short of monthly allocated collected revenue by N388 billion, CBN issues new rule for use of PoS, merchants to face sanction after deadline, CBN may devalue naira in 2020 as experts highlight red flags in the economy, CBN appoints and redeploys directors within its ranks, Banks look to lending rates for revenue, as slash on e-transaction charges affect operations, CBN discloses currency in circulation worth N2.44 trillion, CBN to commence recycling of mutilated naira notes, Agriculture: CBN's revised policy on the dairy industry, CBN condemns foreign money transfers to Nigeria, Experts outline effect of CBN’s longer term contract, Bank’s lending rates decline albeit slower than expected

Agriculture: CBN’s revised policy on the dairy industry     

The CBN has restricted the number of companies involved in the importation of milk, its derivatives and dairy products to six.
7.5% VAT: Implementation to begin Feb 1 – FG, FIRS redeploys 50 directors in massive shakeup ,FIRS moves to stop tax evasion with newly launched intelligence system , FIRS boss, Nami discloses why FIRS failed to meet revenue target under Fowler, FIRS to scale up tax compliance with new policies , FIRS tighten noose on deduction of stamp duty, CIT, others 

FIRS moves to stop tax evasion with newly launched intelligence system 

In a bid to track all tax evaders and defaulters in the country, the FIRS has launched a national intelligence gathering system.
Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more 

FG discovers crude oil in north, says there’s more 

About one billion barrels of crude oil have been discovered in the North-Eastern part of Nigeria, Timipre Sylva disclosed. 
Nigeria and Ethiopia sign visa waiver agreement

Nigeria, Ethiopia sign visa waiver agreement

Nigeria and Ethiopia have signed a Memorandum of Understanding (MOU) on waiver of visa requirements for diplomatic and official passport holders.
Boko Haram: A protracted battle yet to be won?    

Boko Haram: A protracted battle yet to be won?    

Suspected Boko Haram fighters were reported to have set ablaze several trucks conveying passengers, who were stranded on Sunday night.
World Bank accuses AfDB, Asian bank, others of worsening Nigeria’s debt problem 

AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank

World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development worsen the debt burden of Nigeria and other countries.