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The Revenue Mobilisation Allocation and Fiscal Commission says it will constitute a standing committee next week for the review of the revenue sharing formula among the nation’s three tiers of government. The Chairman of RMAFC, Mr Elias Mbam, who said this in Abuja on Tuesday, added that the planned review was informed by current economic […]

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday said that the oil firm would respond to calls for the disclosure of contracts and contractors later this month. He said the biggest contracts in the corporation’s portfolio currently were the products supply contracts under the Direct Sales Direct Purchase scheme, […]

At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said. The apex bank said this in its first quarter report on currency-in-circulation and deposits. This was in contrast to the respective decline of 3.9 per cent and four per cent at the end […]

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that all the 11 […]

The Nigerian Electricity Regulatory Commission has said electricity customers will be able to acquire meters without upfront payment starting from next month. NERC said customers could get meters and pay in installments within one year or a maximum of 10 years, with the prices of a one-phase and three-phase meters put at N36, 992 and […]


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