Director-General of the Nigeria’s Debt Management Office, Ms. Patience Oniha, says the agency will support the Federal Government to bridge the gap between country’s revenue and expenditure. Oniha, who noted that the government had been operating deficit budget for many years, stressed that the debt office would focus on loan repayment and utilisaton to ensure […]
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[su_dropcap]T[/su_dropcap]HE Federation Account Allocation Committee on Tuesday said the country recorded a shortfall of N20.47bn in gross statutory revenue from N290.96bn in January to N270.49bn in February. The Minister of Finance, Mrs. Kemi Adeosun, disclosed the shortfall while addressing journalists shortly after the FAAC meeting for the month of February. The meeting, which commenced at […]
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The Nigeria Customs Service on Tuesday said it was planning to raise the sum of N1tn as revenue for the Federal Government in the 2016 fiscal period. The Comptroller-General of Customs, Col. Hameed Ali (retd) disclosed this to journalists in Abuja on the sidelines of an event to celebrate the International Customs Day. He said […]
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The challenges of inability to grow revenue being faced by major financial institution, Union Bank Plc, could lead to a drop in gross earnings for the bank at full year. Rising interest cost is hurting profit capacity and the bank isn’t likely to achieve up to one-half of its preceding year’s profit based on the […]
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