IMF, World Bank Request Rich Nations to Fill $1.6bn Concessional Lending Gap   International Monetary Fund (IMF) and World Bank have appealed to wealthier countries to help plug a $1.6 billion gap in a concessional loan disbursed to low-income countries during the rampaging...

KLT Command Rakes in N10.572bn in Q1   Kirikiri Lighter Terminal (KLT) command of the Nigeria Customs Service says it generated the sum of NI0.572 billion in revenue between January and March 2023, which represents 76.87 per cent of its expected...

Monetary Policy: Banks Commence Adjustment of Interest Rates   Commercial banks across Nigeria have begun revising their interest rates following the recent changes in Monetary Policy Rate (MPR). This is coming after the Central Bank of Nigeria (CBN) raised it’s benchmark lending...

BEDC Spends N11bn to Purchase Energy from NBET Monthly, Says MD   The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Deolu Ijose, has revealed that the company needs the cooperation of electricity consumers in its franchise states to meet...

World Bank Loan Of $800m To Be Repaid Over 25 Years By FG   The $800m loan approved by the World Bank as a subsidy palliative is expected to be repaid by the new administration after President Muhammadu Buhari regime. The Minister...

FG to Approve N498m for Luggage Scanners at Railway Stations   The Federal Government has approved the procurement and installation of luggage scanners in all railway stations in Abuja, Kaduna and Kano. They include eight colour-imaging Xray scanners, eight body scanners and...