CBN pushes further Nigeria’s electronic payment system, unveils “AFRIGO”
In another significant move to strengthen the national payments system and deepen the usage of electronic platforms in Nigeria, the Central Bank of Nigeria (CBN) on Thursday formally unveiled the Nigerian National Domestic Card Scheme, known…
Read More »Nigeria among 13 OPEC members producing over 80% of global crude oil reserves, says Sylva
MEDIATRACNET Nigeria is leading six other African countries in the 13-members Organisation of Petroleum Exporting Countries (OPEC) currently producing about 80 percent of the global proven crude oil reserves, Minister of State for Petroleum Resources, Timipre…
Read More »Gas flares commercialisation: NUPRC invites 139 prospective investors to bidders’ conference, investors’ forum
By Bassey Udo To promote the national objectives under the Nigerian Gas Flare Commercialisation Programme (NGFCP), 139 successful applicants pre-qualified to invest in the country’s gas sector will participate in the second Bidders’ Conference/Investors Forum scheduled…
Read More »Old Naira notes: CBN insists on January 31 deadline; raises lending rate to 17.5%
By Bassey Udo Amid calls by lawmakers in the National Assembly for the extension of the deadline for old naira banknotes to remain as legal tender, the Central Bank of Nigeria (CBN) on Tuesday insisted it…
Read More »How FIRS exceeded its 2021 performance with N10.1 trillion collection In 2022
MEDIATRACNET The Federal Inland Revenue Service (FIRS) rolled out the drums in a little show of self-adulation ver its performance with the announcement on Monday of its achievement of the highest tax revenue collection in its…
Read More »Moses Oko: Jailed without Trial?
By Sam Akpe A certain young man, Moses Oche Oko, has been waiting for justice since January 2022. This month marks one year since he was arrested by the police in Plateau State and imprisoned. No…
Read More »Multiple Taxation: South East traders, transporters decry menace of market unions, touts
MEDIATRACNET Some traders and transporters in the South East Zone of the country have expressed worry over the menace of incessant collection of taxes and levies in the area, especially by touts and market unions. A…
Read More »Redesigned Naira notes: Scarcity persists ahead of CBN deadline
MEDIATRACNET Ahead of the January 31 deadline set by the Central Bank of Nigeria (CBN) for some of the old currency denominations to cease to be legal tender, scarcity of the redesigned N1,000, N500 and N200…
Read More »Ministry of Finance Incorporated gets first management board after 64 years
By Bassey Udo More than 64 years after its establishment, the Ministry of Finance Incorporated is set to have its inaugural board of directors and executive management team. The MOFI was established by the instrumentation of…
Read More »Tax credit: NNPC gets FEC’s nod to rehabilitate another 44 roads nationwide
By Bassey Udo The Nigerian National Petroleum Company Limited was on Wednesday granted its request to undertake the rehabilitation of another 44 roads across the country. The approval was granted by the Executive Council of the…
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Why new revenue allocation formula is delayed – RMAFC A new revenue allocation formula being proposed for the country is being delayed by the absence of an amendment to the 1999 Constitution, the Revenue Mobilisation Allocation…
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