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Thursday, December 5, 2019

FG Has Shared N19.9bn Among Petty Traders – BoI

FG Has Shared N19.9bn Among Petty Traders – BoI   The Bank of Industry on Tuesday said the Federal Government had disbursed a total of N19.9bn...

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was...

IDSL Records N19bn Revenue In 2018

IDSL Records N19bn Revenue In 2018   The Integrated Data Services Limited, IDSL, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has recorded a significant...

FG Generates N5bn Annually From Sugar Levy, NSDC Says

FG Generates N5bn Annually From Sugar Levy, NSDC Says   The National Sugar Development Council (NSDC) has revealed that the Federal Government generates N5 billion annually...

Nigeria’s Debt Rises To $84bn Under Buhari – PRP

Nigeria’s Debt Rises To $84bn Under Buhari - PRP   Malam Falalu Bello has raised the alarm over skyrocketing debt profile under President Muhammdu Buhari, rising...

Banks’ Non-performing Loans Decline By N1.14trn In 1 Year

Banks’ Non-performing Loans Decline By N1.14trn In 1 Year   Between the third quarter of 2018 and the third quarter of this year, the Non-Performing Loan...

Fashola Requests Extra N255.6bn For Road, Bridges Repairs

Fashola Requests Extra N255.6bn For Road, Bridges Repairs   The Federal Government is currently constructing and rehabilitating 524 highways and bridges across the country, the Minister...

In 2017, Nigeria Flared Gas Worth $1bn, 3000MW – Sylva

In 2017, Nigeria Flared Gas Worth $1bn, 3000MW - Sylva   The Minister of State for Petroleum Resources, Mr. Timipre Sylva has disclosed that Nigeria flared...

Disco Spent N11bn To Install 178,000 Meters In 5 Years

Disco Spent N11bn To Install 178,000 Meters In 5 Years   The Abuja Electricity Distribution Company (AEDC) has disclosed that it invested N11 billion in installing...

FG Offers New Savings Bonds To Investors

FG Offers New Savings Bonds To Investors   The Federal Government on Monday offered a two-year and three-year savings bonds for subscription. The Debt Management Office said...

FG Currently Owes Pensioners N400bn, Says Senate

FG Currently Owes Pensioners N400bn, Says Senate   The Federal Government currently owes its retirees over N400bn accrued pension rights, the Senate Committee on Establishment and...

$60bn Forex Cash Kept Naira Stable For 29 Months – Emefiele

$60bn Forex Cash Kept Naira Stable For 29 Months - Emefiele   The $60bn inflow from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has...

N275bn Generated From VAT In Q3 Of 2019 – NBS

N275bn Generated From VAT In Q3 Of 2019 – NBS   The National Bureau of Statistics (NBS) said the sum of N275.12 billion was generated as...

NEITI: Nigeria’s Indebtedness To IOCs In Cash-call Hits $3.501bn

NEITI: Nigeria’s Indebtedness To IOCs In Cash-call Hits $3.501bn   Nigeria has significantly reduced the accumulated debt it owes International Oil Companies (IOCs) for cash-call for...

$30bn Loan: MAN Worries Over FG’s Repayment Capacity

$30bn Loan: MAN Worries Over FG’s Repayment Capacity   The Manufacturers Association of Nigeria (MAN) said it is concerned about the debt servicing capacity of the...
NBS National Bureau of Statistics

Insurance Sector Rose By 6.6% In Q3 – NBS

Insurance Sector Rose By 6.6% In Q3 – NBS   The Nigerian insurance sector grew by 6.69 per cent year-on-year in the third quarter of this...

CBN Launches Account Opening Scheme

CBN Launches Account Opening Scheme   The Central Bank of Nigeria is set to inaugurate its Account Opening Week pilot scheme in Bayelsa State. This was disclosed...

UNIDO’s $60m Programme’ll Boost Nigeria’s Industrialisation, FG Says

UNIDO’s $60m Programme’ll Boost Nigeria’s Industrialisation, FG Says   The Federal Government has said that the new UNIDO Country Programme (2018-2022) will help Nigeria to achieve...

T-bills: Investors Defy Interest-rate Crash, Invest N533.93bn

T-bills: Investors Defy Interest-rate Crash, Invest N533.93bn   Investors have oversubscribed to the Treasury Bills auctioned by the Central Bank of Nigeria to the tune of...

AfDB Okays $210m For Nigeria’s Power Transmission Projects

AfDB Okays $210m For Nigeria’s Power Transmission Projects   The board of the African Development Bank has approved $210m (N64.26bn at the official exchange rate of...