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Tuesday, March 2, 2021

Nigeria Loses N151.78bn Crude Oil Monthly – NNPC

Nigeria Loses N151.78bn Crude Oil Monthly – NNPC       Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum...

Afrexim Bank Okays $2bn For COVID-19 Vaccines For Nigeria, Others

Afrexim Bank Okays $2bn For COVID-19 Vaccines For Nigeria, Others       The Board of Directors of the African Export-Import Bank (Afrexim) has approved $2 billion to...

11 DisCos Failed To Remit N160.1bn In Q2, 2020

11 DisCos Failed To Remit N160.1bn In Q2, 2020       The Nigerian Electricity Regulatory Commission (NERC) said the 11 electricity Distribution Companies (DisCos) failed to remit...

$2.6bn Pipeline Project: Reps Grill NNPC, Contractors

$2.6bn Pipeline Project: Reps Grill NNPC, Contractors       The House of Representatives has begun investigation of alleged breach of Nigeria’s laws on local content in the...

Senate Begins Probe Of Missing PHCN N27bn Pension Funds

Senate Begins Probe Of Missing PHCN N27bn Pension Funds     The Senate on Monday opened investigation into the alleged ‘missing’ N27bn meant for the payment of...

Alleged N69.4bn Debt: Court Vacates Order Against Jimoh Ibrahim’s Assets

Alleged N69.4bn Debt: Court Vacates Order Against Jimoh Ibrahim’s Assets       The Federal High Court, Abuja, on Monday, set aside the interim order through which the...

CBN To Inject N118bn Into DisCos

CBN To Inject N118bn Into DisCos       The Central Bank of Nigeria (CBN) will be disbursing N118 billion for power distribution projects across the six geopolitical...

Unclaimed Dividend: Shareholders Sue FG Over Plan To Borrow N158bn

Unclaimed Dividend: Shareholders Sue FG Over Plan To Borrow N158bn       Aggrieved by the plan of the Federal Government (FG) to borrow the over N158 billion...

Insurance Sector’s Assets Hit N1.82trn On Recapitalisation Deadline

Insurance Sector’s Assets Hit N1.82trn On Recapitalisation Deadline       The Insurance sector’s assets rose by N410bn in one year as the industry attracted new investors. Despite the...

FG Plans N493.4bn Revenue From National Assets’ Sale

FG Plans N493.4bn Revenue From National Assets’ Sale       The Federal Government plans to earn a total of N493.4bn from the sale or concession of about...

AfDB Receives $668.1m As Concessional Loans From Japan

AfDB Receives $668.1m As Concessional Loans From Japan       The Japan International Cooperation Agency and the African Development Fund, the concessional arm of the African Development...

FG To Borrow $1.2bn For Agric Mechanisation

FG To Borrow $1.2bn For Agric Mechanisation     The Federal Government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil...

FG To Redeem Debts Owed States With Over N31.4bn

FG To Redeem Debts Owed States With Over N31.4bn       The Federal Government will tomorrow release over N31.4 billion to state governments in keeping with its...

Reps, Finance Ministry Disagree Over N2.8bn Payment To OPEC

Reps, Finance Ministry Disagree Over N2.8bn Payment To OPEC       The House of Representatives and the Ministry of Finance yesterday disagreed over the procedure for paying...

FG Subsidises Electricity By N50bn Monthly – Power Minister

FG Subsidises Electricity By N50bn Monthly - Power Minister       The Federal Government has been subsidising electricity supply across the country to the tune of over...

Reps To Probe MDAs Over N96bn Special Interventions Funds

Reps To Probe MDAs Over N96bn Special Interventions Funds       The House of Representatives has directed its Committee on Finance to investigate the disbursement and utilisation...

Reps Condemn $750m Yearly Loss To Gas Flaring

Reps Condemn $750m Yearly Loss To Gas Flaring       The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the...

$10bn Required to Bridge Power Distribution Gap – FG

$10bn Required to Bridge Power Distribution Gap - FG       The federal government has said about $10 billion would be required to bridge the electricity distribution...

Senate Faults DPR For Spending N1.8bn On Uncompleted Projects

Senate Faults DPR For Spending N1.8bn On Uncompleted Projects       The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn...

Fed Govt Loses N1bn To Ghost Pensioners Monthly

Fed Govt Loses N1bn To Ghost Pensioners Monthly       Nigeria Union of Pensioners (NUP), University of Benin branch, has disclosed that the Federal government lost N1Billion...