Nigeria Spends $1.5bn Annually On Dairy Products       The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono yesterday said, the country still imports 60 per cent of dairy products consumed locally, amounting to about $1.5 billion yearly. Nanono spoke at the...

N4.7trn Debt: AMCON Pays N2trn To CBN       The Asset Management Corporation of Nigeria (AMCON) has repaid N2 trillion out of its N4.7 trillion commitment to the Central Bank of Nigeria (CBN), its Managing Director/CEO Ahmed Kuru has said. Speaking on the...

$1.5bn, 995m Euros Loan To Buy 20,000 Tractors - Nanono       The Federal Government yesterday said it plans to buy 20,000 tractors in the next six years for mechanised agriculture from its 995million euro loan request now before the Senate. The Minister...

Nigeria Loses 20% Passenger Traffic Over Emirates, Etihad Exit       The suspension of Emirates Airlines and Etihad’s withdrawal from Nigerian airspace has cost the country, at least, a 20 per cent decline in international passenger traffic. The Economic Confidential learned that the...

$1.5bn For P/Harcourt Refinery Rehabilitation Outrageous – Reps Caucus       The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery, describing the figure as ‘outrageous and heavily inflated’. The caucus, therefore, demanded...

We Recovered N1bn Debit Notes From Importers, Shippers - NCS       The Comptroller General of the Nigeria Customs Service (NCS), Strike Force Unit says it has recovered debit notes worth N1bn from importers, shippers in the last three months. The service also...