N3.92trn Fuel Subsidy Higher Than Health, Education, Defence Budgets   The N3.92tn spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher than the cumulative individual federal budgets for health, education and defence...

Bank Fraud, Forgeries Amounted To N120.79bn In 2020 - NDIC   The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the total amount resulting from bank fraud and forgery cases stood at N120.79 billion in 2020. This, however, represented a decline by...

NPA Remits N490bn To FG In 11 Years   The Nigerian Ports Authority (NPA) said it remitted N490.229bn into the Consolidated Revenue Fund of the Federal Government between 2011 and 2022. The Managing Director of NPA, Mohammed Bello-Koko, while addressing journalists at...

Stock Market Declines By N1.48trn In Q3, 2022   The Nigerian stock market lost N1.48tn in the third quarter (Q3) of 2022 as investors’ shifted investment to fixed market instruments. In the period under review, the stock market witnessed an increase in...

Motorcycles Importation Drops By N93bn In 2022   The volume of motorcycles imported into the country in the first half of 2022 has dropped significantly by a difference of N92 billion, a report by the National Bureau of Statistics (NBS) has...

Fed Govt To Re-open 180,000bpd Pipeline Shut In April   The Federal Government is set to re-open the Trans Niger Pipeline that transports about 180,000 barrels of crude oil daily. The pipeline was shut down six months ago due to vandalism...