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Tuesday, August 11, 2020

Aviation Workers Demand Details Of $500m Chinese Terminal

Aviation Workers Demand Details Of $500m Chinese Terminal     A coalition of aviation workers unions have requested for the details of a $500 million worth of...

Nigeria Exported $4.47bn Crude, FAAC Got N1.83trn — NNPC

Nigeria Exported $4.47bn Crude, FAAC Got N1.83trn — NNPC     The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported...

In Two Years, FG Refineries Post N406.62bn Loss

In Two Years, FG Refineries Post N406.62bn Loss     The four refineries owned by the Federal Government made a total loss of N406.62bn in two years,...

COVID-19: World Bank Approves $114.28m For Nigeria

COVID-19: World Bank Approves $114.28m For Nigeria     The World Bank board of directors has approved $114.28m financing to help Nigeria prevent, detect and respond to...

Currency In Circulation Rises To N2.39trn

Currency In Circulation Rises To N2.39trn     Currency in circulation rose by N95.13bn from N2.29tn at the end of June to N2.39tn in July, according to...

Reps Summon Adeosun, Ahmed, Farouq Over N1.7trn NSIP Fund

Reps Summon Adeosun, Ahmed, Farouq Over N1.7trn NSIP Fund     The House of Representatives has summoned a former Minister of Finance, Mrs Kemi Adeosun; the incumbent...

FG Liability In Defunct PHCN Now N823bn, Says NELMCO

FG Liability In Defunct PHCN Now N823bn, Says NELMCO     The Nigeria Electricity Liability Management Company on Thursday said it had helped the Federal Government to...

CACOVID Shares N23bn Palliatives To 10m Nigerians

CACOVID Shares N23bn Palliatives To 10m Nigerians     Nigeria’s private sector led Coalition Against COVID-19 (CACOVID) yesterday announced the flag-off of a nationwide distribution of multi-billion...

Total Loans To Businesses Hit N18.9trn In One Year

Total Loans To Businesses Hit N18.9trn In One Year   Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at...

In 13 Months, Nigerians Spent N2.37trn On petrol – NNPC

In 13 Months, Nigerians Spent N2.37trn On petrol – NNPC   In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian...

Operators Invest N55.25bn Pension Funds In Infrastructure

Operators Invest N55.25bn Pension Funds In Infrastructure   The Pension Funds Administrators have invested N55.25bn under the Contributory Pension Scheme in infrastructure as of the end...
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Nigeria Benefits From $1.87m COVID-19 Impact Support

Nigeria Benefits From $1.87m COVID-19 Impact Support     Nigeria is one of 12 countries across Europe, Middle East and Africa (EMEA) receiving a share of a...

Experts Support FG, W/Bank On DisCos’ Audit Before $500m Loan

Experts Support FG, W/Bank On DisCos’ Audit Before $500m Loan   Experts in the Nigerian Electricity Supply Industry (NESI) have backed the plan of the federal...

PFAs Invested N7.2trn In Government Securities

PFAs Invested N7.2trn In Government Securities     The Pension Funds Administrators invested N7.2tn of the total assets under the Contributory Pension Scheme in the Federal Government’s...

Credit To Economy Rises By 6.3% To N38trn

Credit To Economy Rises By 6.3% To N38trn     Credit to the economy rose by 6.3 percent to N38 trillion in the first half of the...

CBN Disburses N152.9bn For 61 Manufacturing Projects

CBN Disburses N152.9bn For 61 Manufacturing Projects     The Central Bank of Nigeria has disbursed N152.9bn for 61 manufacturing projects under parts of its intervention funds. The...

Reps Summon NNPC, NAPIMS, Others Over $16.5m Debt

Reps Summon NNPC, NAPIMS, Others Over $16.5m Debt     The Nigeria National Petroleum Corporation (NNPC) and multi-national oil company, Agip, yesterday failed to appear before the...

NIRSAL Facilitates N105bn Financing To Boost Agric Sector

NIRSAL Facilitates N105bn Financing To Boost Agric Sector     The Managing Director/Chief Executive, Nigeria Incentive-Based Risk Sharing System Plc (NIRSAL) Mr. Aliyu Abdulhameed, has said the...

FEC Okays N8.6bn To Begin Siemens Power Project

FEC Okays N8.6bn To Begin Siemens Power Project     The Federal Executive Council (FEC) has endorsed the President’s approval to release €15.21 million (N6.94 billion) offshore...

House Summons Emefiele, PenCom Boss, Others Over N300bn Funds

House Summons Emefiele, PenCom Boss, Others Over N300bn Funds     The House of Representatives has summoned Governor of Central Bank of Nigeria, Godwin Emefiele; Director-General, National...
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