Monetary

In Five Years, Nigeria Lost $10.8bn In Telecom Sector     Nigeria lost $10.8bn in the last five years to capital flight in the telecommunications sector amid...

Two Million Farmers To Recieve N12.3bn Subsidy From FG       Over 2.2 million farmers are to receive about N12.3bn as agricultural subsidy from the Federal Government...

Banks’ Total Assets Rise By N6.97trn In A Year       The total assets in the banking sector rose by N6.97tn between April 2020 and April 2021,...

FEC Awards N309.9bn Road Contracts To Dangote       The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction...

Customs Seize N3.3bn Worth Of Smuggled Goods In June     Customs Area Controller, Federal Operations Unit, Zone A, Usman Bello Yahaya, said on Wednesday that the...

Nigeria Loses $26.3bn Annually To Maritime Insecurity     President Muhamamadu Buhari has lamented the huge loss of revenue to maritime criminality. The President stated the loss at...

Senate Orders N300bn Refund From NPA, BPE, 57 Agencies     The Senate on Tuesday directed 59 Federal Government agencies to return over N300bn funds allegedly misappropriated...

N15trn Infrastructure Company'll Begin Operations In Q3, 2021 - CBN       The N15tn Infrastructure Corporation of Nigeria will begin operations in the third quarter of this...

How Jonathan Saved $3.5bn From Pensions, Oil Subsidy Fraud - Okonjo-Iweala     Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, yesterday gave an account...

Reps Grill NSITF Boss Over Fresh N17bn Illegal Transfer       The House of Representatives’ Committee on Public Accounts, on Tuesday, grilled the Managing Director of the...

FG Earmarks N4.8bn To Monitor WhatsApp, Others       The federal government has earmarked N4.8 billion for the National Intelligence Agency (NIA) to monitor WhatsApp, an encrypted...

Senate Rejects Works Ministry’s Fresh $434.7m Request       The Senate on Monday turned down a fresh request from the Federal Ministry of Works and Housing seeking...

FG Generates N1trn From Privatisation – BPE       The Bureau of Public Enterprises (BPE) has said over N1 trillion has been generated from 234 concluded transactions...

Customs Strike Force Intercepts Unprocessed Woods Worth N373.5m       The Comptroller-General of Customs Strike Force, Team A, has intercepted four containers of unprocessed woods worth N373.5...

Mining Cadastral Office Generates N2bn Revenue In Six Months       The Nigeria Mining Cadastral Office (MCO) said it has surpassed its 2021 revenue projection just within...

Total Nigeria Forecasts Cash Flow Of N19.17bn In Q3, 2021     Total Nigeria Plc has forecast a free cash flow of N19.17bn by September 31 after...

Over N2trn Remitted Through Our Work, Says FRC Boss       The Fiscal Responsibility Commission (FRC) says it has caused over N2tn to be remitted into Consolidated...

Apapa Customs Generate N336bn Revenue In Six Months     The Apapa Command of Nigeria Customs Service (NCS) has collected a total of N336 billion for the...

$1bn Leather Industry Can Boost Nigeria's Earnings - Osinbajo       The leather market, with its projected $1 billion earnings by 2025, has the potential to improve...

NCC Earns N150bn From Spectrum License Fees In Five Months         The Nigerian Communications Commission (NCC) has generated N150 billion Spectrum revenue for the Federal Government...