AMCON Heightens Moves To Recover Over N4trn Debt   The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru, said the corporation is taking more steps to recover the over N4 trillion government debts from private individuals. Kuru stated...

IMF Says Nigeria, Others May Lose $10bn To Political Tensions   The International Monetary Fund (IMF) has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF in its country focus...

NITDA: Telecom Operators Seek Exclusion From Bill   Telecommunication operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria have asked the National Assembly to exclude them from any regulatory powers that will be given to the National...

Nigeria’s Average Crude Oil Production Rises By 15% In 2023   Despite its perennial underproduction in the last two years, Nigeria has been able to ramp up its crude oil output compared to its budget benchmark from an average of about...

Manufacturing Output Drops By 9.7% To N6.67trn   The production output of Nigeria’s Manufacturers fell by 9.7 percent to N6.67 trillion in 2022 from N7.39 trillion in 2021 on account of forex scarcity, high inflation, high cost of energy and limited...

Senate Demands N3.2bn Tractor Loan Recovery   The Senate has indicted the Bank of Agriculture in Kaduna over a N3.2bn loan disbursed to 10 vendors to purchase tractors and other equipment for allocation to end users. The indictment was sequel to the...