“According to the MTEF, NNPC Limited received a total of N191 billion from the federation in 2023. In 2024, the company is scheduled to receive N776.45 billion, an increase of 306%. What NNPCL is expected to receive in 2024 is 393% of the statutory allocation to the National Assembly and 470% of the allocation to NJC. It is still ...
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While the cost of such a large delegation is not known yet, watchers are asking if it was truly in the financial interest of Nigeria to spend such a humongous sum on a conference by the government and organized private sector participants. We also analyze states’ government houses budgets vis-a-vis the tight the nation’s strangulated economic situation on the ...
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“The Nigeria foreign reserves will keep depleting until the Nigerian Government make laws and regulation on the products which the population is consuming, as the devastating impacts of uneven trade balances loom due to larger ratio of imported goods compared to exported products and services” PEGASUS REPORTERS, LAGOS | NOVEMBER 10, 2023 The Nigerian economic landscape, unfortunately, does not ...
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“Hold your breath if you think the cost is too high, even for heaven’s sponsorship. In the year 2019, the same FIRS budgeted One Hundred and Sixty Million Naira [160,000,000] for 850 drivers’ uniforms, bringing the cost of each driver uniform to N188, 235, 29. Can you beat that?” PEGASUS REPORTERS, LAGOS | OCTOBER 20, 2022 NIGERIA: The total ...
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“The committee recommended that the Nigerian Communications Commission, National Broadcasting Commission and Nigerian Postal Service be merged into one entity known as the Communications Regulatory Authority of Nigeria. This could save the government N149.2bn” PEGASUS REPORTERS, LAGOS | AUGUST 29, 2022 The federal government is putting in the process a mechanism for the implementation of the Oronsaye Committee Reports ...
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“Haruna, in a presentation to the council in Abuja, said to revive the steel sector, the federal government should support local production by levying a development for tax on steel imported into Nigeria during the resuscitation period to fund the establishment of the Steel Development Fund accessible to investors” PEGASUS REPORTERS, LAGOS | AUGUST 28, 2022 Executive Vice Chairman/Chief ...
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Polaris Bank was nationalised in September 2018 after AMCON bought its debts. It was known as Skye Bank until the takeover. But AMCON has not been able to sell the bank to investors since the takeover, which was precipitated at the time by the financial crisis, recession, of 2016 and 2017. PEGASUS REPORTERS, LAGOS | AUGUST 3, 2022 Godwin ...
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Pegasus Reporters Issues on the Wing
