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Monday, May 20, 2019

MAN Group: FG Loses N52bn To Illegal Iron, Steel Importation Annually

MAN Group: FG Loses N52bn To Illegal Iron, Steel Importation Annually   The Federal Government loses about N53bn per annum to the illegal importation of iron...

FG Makes N10.97bn In Mining Fees, Royalties In four Years

FG Makes N10.97bn In Mining Fees, Royalties In four Years Even though the Federal Government had anchored a significant part of its diversification programme on...

Seven Banks Pay N144.99m As Fine To Regulators In 2018

Seven Banks Pay N144.99m As Fine To Regulators In 2018 Seven banks quoted on the Nigerian Stock Exchange (NSE) paid N144.99 million as fines to...

NFIU Limits LGs Daily Cash Withdrawal To N.5m, Effective From June

NFIU Limits LGs Daily Cash Withdrawal To N.5m, Effective From June The Nigeria Financial Intelligence Unit (NFIU) has vowed sanctions for any commercial bank which...

N800m Debt: FAAN Withdraws Services From Kebbi, Gombe Airports

N800m Debt: FAAN Withdraws Services From Kebbi, Gombe Airports Flight operations may have stopped at the Gombe and Kebbi airports as indications emerged that the...

NIPC Generated N13.8bn From Investment Promotion In 7years

NIPC Generated N13.8bn From Investment Promotion In 7years Between 2012 and 2018, the Nigeria Investment Promotion Commission earned a total of N13.8bn as Internally Generated...

UN Supports AfDB’s $10bn Power Initiative

UN Supports AfDB’s $10bn Power Initiative The United Nations (UN) has thrown its weight behind the quest of the African Development Bank (AfDB) to provide...

BoA Recovered Over N7bn In 2years – MD

BoA Recovered Over N7bn In 2years - MD The Management of the Bank of Agriculture on Thursday said it had recovered over N7bn so far...

Lawmakers To Probe $27bn Oil Revenue Loss

Lawmakers To Probe $27bn Oil Revenue Loss The House of Representatives has resolved to investigate Nigeria’s loss of $27bn oil revenue to international oil companies...

UK, AECF Okays £16m To Support Solar Power In Nigeria, Four Others

UK, AECF Okays £16m To Support Solar Power In Nigeria, Four Others The United Kingdom and Africa Enterprise Challenge Fund (AECF) have approved a fresh...

Nigeria Needs N130bn Yearly Investment In Seed Production

Nigeria Needs N130bn Yearly Investment In Seed Production A data analyst at Access to Seeds Foundation, Timothée Pasqualini, has said Nigeria needed an annual investment...

Nigeria Spends N16bn Yearly To Import Beans – FG

Nigeria Spends N16bn Yearly To Import Beans – FG   Despite being the number one producer of beans in the world, Nigeria spends N16bn annually to...

Wema Bank Targets N1trn Capital Base In Next Few Years

Wema Bank Targets N1trn Capital Base In Next Few Years Buoyed by its 2018 financials and performance in which it prescribed the payment of 3kobo...

AfDB Okays $15m To Support Infrastructure Financing In Nigeria

AfDB Okays $15m To Support Infrastructure Financing In Nigeria The Board of the African Development Bank has approved a $15m investment package for the Infrastructure...

Nigeria, 4 Others To Get $20m To Fund Solar Projects

Nigeria, 4 Others To Get $20m To Fund Solar Projects   Nigeria has been listed among five countries to benefit from the $20 million Africa Enterprise...
Agriculture

We’ve Saved $21bn On Food Imports – FG

We’ve Saved $21bn On Food Imports - FG The Federal Government on Tuesday announced that Nigeria saved $21bn on food imports in the last three...

N60bn Offered As Subscription Bonds By DMO

N60bn Offered As Subscription Bonds By DMO   The Debt Management Office has offered N60bn bonds for subscription in the Federal Government bond auction this month. The...
AMCON

AMCON: N5trn Debt Recovery, Challenge To Nigerians

AMCON: N5trn Debt Recovery, Challenge To Nigerians   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has reiterated that...

FG Uncovers NEPZA Officials’Attempt To Sabotage N42bn SEZ

FG Uncovers NEPZA Officials’Attempt To Sabotage N42bn SEZ The Federal Government has uncovered attempts by some officials of the Nigeria Export Processing Zone Authority to...

FG Explores Cheaper Options After Spending N722bn On Port Dredging

FG Explores Cheaper Options After Spending N722bn On Port Dredging The Federal Government has concluded plans to utilise more cost-effective options for the management of...