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Economy

News on TheNewsGuru brings you happenings all around Nigeria…

Nigeria spends $4bn on textile, clothing annually

The Central Bank of Nigeria (CBN) says, Nigeria currently spends about $4 billion on importation of textile materials and ready-made clothing annually. The CBN Governor, Godwin Emefiele, made the disclosure on Monday in Katsina, in a…

NNPC pays N153.01bn into federation account

The Nigerian National Petroleum Corporation (NAN)  says it transferred N153.01 billion into the federation account in January. The corporation disclosed this in its Financial and Operations Report for the month of January released in…

Customs generates N311.2bn revenue in 3 months

The Nigeria Customs Service (NCS) has generated revenue of N311.2 billion for the first quarter of 2019. A document released by the office of the Public Relations Officer of the service, Mr Joseph Attah to the News Agency of Nigeria in…

FG saves N24.7bn monthly through IT— NITDA DG

Dr Isah Pantami, Director General, National Information Technology Development (NITDA) says the Federal Government saves N24.7 billion monthly, through deployment of information technology. Pantami made the disclosure at the “March 2019…

Breaking: Senate Approves N30k minimum wage report

The Nigerian Senate has just passed the Report of the Ad-hoc Committee on the National Minimum Wage on the National Minimum Wage Act CAP N61 LFN (repeal and re-enactment) Bill, 2019 (SB. 722). The Bill, which was laid and presented by…