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Thursday, November 14, 2019

DisCos Owe NBET N322bn In 8 Months

DisCos Owe NBET N322bn In 8 Months   Power distribution companies failed to pay a total of N322.14bn to the Nigerian Bulk Electricity Trading Plc for...
Nigeria Customs Service

Customs Rakes In N1.002trn Revenue In Nine Months

Customs Rakes In N1.002trn Revenue In Nine Months   The Nigeria Customs Service (NCS) has generated revenue of about N1.002 trillion from January to September 2019. The...

Commercial Banks Liabilities, Assets Now N39.58trn

Commercial Banks Liabilities, Assets Now N39.58trn   The total assets and liabilities of commercial banks in Nigeria rose from N37.14tn at the end of November 2018...

Senate To Support $10bn NLNG Investment In Gas Sector

Senate To Support $10bn NLNG Investment In Gas Sector   The Senate is throwing its full weight behind the 10billion dollars Train seven Project investment in...

Exports From Nigeria To Japan Hits $922m

Exports From Nigeria To Japan Hits $922m   Nigerian exports to Japan increased by 17 per cent to $922 million in 2018, while exports from Japan...

Nigeria Loses $120bn In Gross Freight Cost In 4 Years

Nigeria Loses $120bn In Gross Freight Cost In 4 Years   The Chairman of National Fleet Implementation Committee, Mr Hassan Bello has disclosed that Nigeria recorded...

In Nine Months, Banks Generate N675.9bn Non-interest Income

In Nine Months, Banks Generate N675.9bn Non-interest Income   A total of six banks generated N675.9bn from non-interest income in the first nine months of the...

Oil Worth $42bn Stolen Ten Years – NEITI

Oil Worth $42bn Stolen Ten Years - NEITI   Crude oil and refined products worth $41.9bn were stolen from Nigeria in the last 10 years, the...

Court Freezes FG, CBN Accounts Over N103.5bn Judgement Debt

Court Freezes FG, CBN Accounts Over N103.5bn Judgement Debt   A Federal High Court, Umuahia has issued a global freezing order, directing the attachment of monies...
dollars

Insurers To Raise N50bn New Capital For Recapitalisation

Insurers To Raise N50bn New Capital For Recapitalisation   Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors to...

Fed Govt Probes N14bn Allocated To NSEZCO In Budget

Fed Govt Probes N14bn Allocated To NSEZCO In Budget   The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has clarified that the N14...

Brickstone Africa To Bridge Continent’s $108bn Infrastructure Gap

Brickstone Africa To Bridge Continent’s $108bn Infrastructure Gap   Brickstone Africa has reiterated its commitment to help bridge a $108 billion annual infrastructure gap in Africa. The...

Border Closure Saves Poultry Industry N50bn

Border Closure Saves Poultry Industry N50bn   The closure of land borders has saved the local poultry industry more than N50 billion and the rice industry,...

TCN Attracts $1.66bn, Plans Massive Increase In Power Transmission

TCN Attracts $1.66bn, Plans Massive Increase In Power Transmission   The Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed has said...

NIPC Targets N1.4bn From Tax Incentive Fees By 2020

NIPC Targets N1.4bn From Tax Incentive Fees By 2020   The Nigerian Investment Promotion Commission (NIPC) is targeting total revenue of N1.46bn from investment promotion in...

AfDB Shareholders Approve $115bn Capital Increase

AfDB Shareholders Approve $115bn Capital Increase   The governors of the African Development Bank, representing shareholders from 80 countries, have approved $115bn increase in capital for...

CBN To Recover N36bn Loans From North-East Farmers

CBN To Recover N36bn Loans From North-East Farmers   The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to...
AMCON

AMCON’s Debt Could Be N6.6trn By 2024

AMCON’s Debt Could Be N6.6trn By 2024   A Legal consultant and Senior Partner, Olaniwun Ajayi -LP, Muyiwa Balogun has said the Asset Management Corporation of...

World Bank: $2trn Lost Annually To Illicit Logging, Others

World Bank: $2trn Lost Annually To Illicit Logging, Others   Illegal logging, fishing and wildlife trade rob the world of precious natural resources – and ultimately...

In Two Years, CBN Spent N113.56bn To Print Naira

In Two Years, CBN Spent N113.56bn To Print Naira   The Central Bank of Nigeria (CBN) spent N113.56 billion to print naira in two years, a...