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Friday, January 17, 2020

Loans: First Bank Commits N10bn To Education

Loans: First Bank Commits N10bn To Education   First Bank of Nigeria Limited has announced that within the last year, it has supported educational institutions in...

Customs Intercepts N67m contraband In Just One Week

Customs Intercepts N67m contraband In Just One Week   The Nigeria Customs Service, Federal Operations Unit, Zone A, has announced the interception of N67m worth of...

Russia, Afreximbank To provide $1.46bn For Ajaokuta Completion

Russia, Afreximbank To provide $1.46bn For Ajaokuta Completion   The Federal Government has said the Russian government and Afreximbank will provide up to $1.46bn to fund...

NTDC Seeks N7.2trn To Effectively Promote Tourism

NTDC Seeks N7.2trn To Effectively Promote Tourism   The Nigerian Tourism Development Corporation (NTDC) has said it needs $4 billion a year and $20bn (about N7.2...

Recruitment Budget: N1.6bn For Hiring, Training, Says Customs

Recruitment Budget: N1.6bn For Hiring, Training, Says Customs   The Nigeria Customs Service has insisted that the N1.6bn allegedly paid to a consultant to conduct the...

FG Loses Over $7bn Annually To Piracy

FG Loses Over $7bn Annually To Piracy   The Federal Government loses over $7 billion on freight cost yearly to criminal activities on the nation’s territorial...

Buhari Okays Committees For N2trn Mambilla Power Plant

Buhari Okays Committees For N2trn Mambilla Power Plant   President Muhammadu Buhari, has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in...

BDCs Seek Stake In $25bn Diaspora Remittances

BDCs Seek Stake In $25bn Diaspora Remittances   The Association of Bureaux De Change Operators of Nigeria has said the BDCs should be one of the...

NBET Owes Power Producers Over N1trn – Gencos

NBET Owes Power Producers Over N1trn - Gencos   Power producers in the country have said they are owed at least N1tn by the Nigerian Bulk...

NEPZA: Panel Investigates N14.3bn Fund Moved To Private Account

NEPZA: Panel Investigates N14.3bn Fund Moved To Private Account   The Federal Government has set up a committee to look into the transfer of N14.37bn from...

In 2019, Onne Port Customs Recorded N107.3bn Revenue

In 2019, Onne Port Customs Recorded N107.3bn Revenue   The Nigeria Customs Service, Area II Command, Onne Port, Rivers State, said on Thursday that it generated...

Customs Generate N1.34trn, Surpasses Target By N403bn

Customs Generate N1.34trn, Surpasses Target By N403bn   The Nigeria Customs Service generated a total of N1.34tn revenue for the government in the 2019 fiscal year. The...

NCC, Infracos To Raise N265bn For Broadband Infrastructure

NCC, Infracos To Raise N265bn For Broadband Infrastructure   The Nigerian Communications Commission and a consortium of infrastructural companies say they will raise N265bn for the...

Procurement Process May Slow N2.4trn Capital Releases

Procurement Process May Slow N2.4trn Capital Releases   Bureaucracy associated with the public procurement process may slow the release of funds for the implementation of the...

Nigerian Banks Spent N200bn Preventing Cyber Attacks In 2019

Nigerian Banks Spent N200bn Preventing Cyber Attacks In 2019   Nigerian banks were estimated to have spent about N200billion preventing various forms of cyber attacks on...

AfDB Okays $20m For Nigeria, Others

AfDB Okays $20m For Nigeria, Others   The board of directors of the African Development Bank has approved a $20m investment in the Metier Sustainable Capital...

Nigeria Loses $2.75bn to Vandals, Oil Thieves – Report

Nigeria Loses $2.75bn to Vandals, Oil Thieves - Report   A group known as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on...

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit Although the regulator plans to increase electricity tariffs on April 1, it says the amount of...

Manufacturers Generate N1.67trn From Exports In 9 Months

Manufacturers Generate N1.67trn From Exports In 9 Months   Between January and September 2019, manufacturers earned a total of N1.67tn through exports of manufactured products. The N1.67tn...
electricity

Discos’ Yearly Revenue Collection Hits N466bn

Discos’ Yearly Revenue Collection Hits N466bn   Power distribution companies have set a new record of N466bn in their yearly revenue collection, the Association of Nigerian...