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Sunday, August 25, 2019

Nigerian Payment Firms To Generate $1.19bn From Remittances

Nigerian Payment Firms To Generate $1.19bn From Remittances   Nigerian banks, fintech companies and mobile money operators are likely to earn $1.19bn from remittances this year,...

Buhari Approves N600bn Intervention Fund For Power Sector

Buhari Approves N600bn Intervention Fund For Power Sector   The power sector is going to get another intervention of N600bn from the Federal Government very soon. President...

By 2050, Global Investments In Renewables To Hit $13.3trn

By 2050, Global Investments In Renewables To Hit $13.3trn   A new report, produced by Bloomberg NEF (BNEF), has said global investments in renewable energy generation...

Banks Suffer N100bn Bad Loans In Power Sector

Banks Suffer N100bn Bad Loans In Power Sector   A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as...

Recapitalisation: Consolidated Hallmark Demand N3.9bn Capital Rise

Recapitalisation: Consolidated Hallmark Demand N3.9bn Capital Rise Consolidated Hallmark Insurance has revealed plans to raise its capital base from N6.1bn to N10bn in line with...
NBS National Bureau of Statistics

Nigeria Spent N40trn On Food Imports In 21yrs – NBS

Nigeria Spent N40trn On Food Imports In 21yrs - NBS   National Bureau of Statistics Data have shown that Nigeria spent over N40trn on food imports...

AfDB Gets $20m Investment For Energy Inclusion

AfDB Gets $20m Investment For Energy Inclusion African Development Bank says it has received $20m investment from the Clean Technology Fund for the Facility for...

FG Seeks New Investment In N145bn Bonds

FG Seeks New Investment In N145bn Bonds The Debt Management Office has said the Federal Government will auction N145bn worth of bonds by subscription on...

Host Communities Demand Payment Of N98bn Gas Flare Penalty Fund

Host Communities Demand Payment Of N98bn Gas Flare Penalty Fund Members of the Host Communities of Nigeria Producing Oil and Gas (HOSCON) have declared as...
electricity

We Haven’t Spent World Bank’s $1.66bn – TCN

We Haven’t Spent World Bank’s $1.66bn - TCN   The Transmission Company of Nigeria says the $1.66bn it secured from the World Bank and other multilateral...

Total Pension Assets Grow To N9.32trn

Total Pension Assets Grow To N9.32trn   The total assets under the Contributory Pension Scheme rose to N9.32tn as of the end of June 2019. The funds,...

Nigeria Generates N5.2bn From Limestone Licensing

Nigeria Generates N5.2bn From Limestone Licensing The Federal Ministry of Mines and Steel Development has said that the country generated N5.2bn from limestone licensing and...

Investment Announcement Worth $15.15bn Recorded In Q1 – NIPC

Investment Announcement Worth $15.15bn Recorded In Q1 - NIPC   The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission (NIPC), Ms Yewande Sadiku, has disclosed that total...

AfCFTA: AU,AfDB Sign $4.8m Grant

AfCFTA: AU,AfDB Sign $4.8m Grant The African Development Bank Group has signed a $4.8m institutional support grant to the African Union for implementation of the...

Over N500bn Stuck In Unresolved Federal Audit Reports

Over N500bn Stuck In Unresolved Federal Audit Reports   About N500bn has not been properly accounted for in the previous years’ report of the Auditor-General of...
electricity

Power Transmission Still Weak Despite TCN’s $1.63bn Intervention

Power Transmission Still Weak Despite TCN’s $1.63bn Intervention The transmission of electricity across the country is still weak despite the interventions and claim by the...
AMCON

AMCON Takes Over Firm’s Assets Over N3.6bn Debt

AMCON Takes Over Firm’s Assets Over N3.6bn Debt   The Asset Management Corporation of Nigeria has taken over Bao Yao Futurlex Iron & Steel Company Limited...

FG Injects N14bn Into Mineral Exploration

FG Injects N14bn Into Mineral Exploration The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr Abdulkadir Muazu, has said government has invested about...

NIPC Collates $15.15bn Investments In First Half Of 2019

NIPC Collates $15.15bn Investments In First Half Of 2019 The Nigerian Investment Promotion Commission (NIPC), says it has collated 15.15 billion dollars investments in the...

Nigeria Records $15bn Investments In 6 Months

Nigeria Records $15bn Investments In 6 Months Between January and June this year, the Nigerian economy recorded a total investment commitment of $15.15bn in various...