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Saturday, January 25, 2020

Discos Owe NBET N430bn In 11 Months

Discos Owe NBET N430bn In 11 Months   Power distribution companies (Discos) failed to pay a total of N429.87bn to the Nigerian Bulk Electricity Trading Plc...

PFAs Invest N7trn In FG Securities, Infrastructure

PFAs Invest N7trn In FG Securities, Infrastructure   About N7.40trn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension...

AfDB Partner DFID To Provide $80m Infrastructure Support

AfDB Partner DFID To Provide $80m Infrastructure Support   The African Development Bank and the Department for International Development are partnering to provide $80m infrastructure support...

Pension Fund Rises To N10trn

Pension Fund Rises To N10trn   Pension fund assets rose from N9.81trillion recorded on October 31, last year to N10 trillion in November 30, the monthly...

Tin Can Customs Generates N346bn Revenue

Tin Can Customs Generates N346bn Revenue   The Tin Can Island Port Command of the Nigeria Customs Service (NCS), says it generated N346,508,836,486.54 as revenue in...

Agric Sector’s Non-performing Loans Now N49.96bn

Agric Sector’s Non-performing Loans Now N49.96bn   The non-performing loans in the agriculture sector rose by 3.36 per cent from N48.33bn as of the end of...

NIMASA Remits N16bn To Consolidated Account

NIMASA Remits N16bn To Consolidated Account   Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that the agency remitted...

AfDB To Invest $250m On Water, Sanitation In FCT

AfDB To Invest $250m On Water, Sanitation In FCT   The African Development Bank (AfDB) has revealed plans to invest $250 million in the Federal Capital...

Fed Govt Generates Over N70bn From VAIDS

Fed Govt Generates Over N70bn From VAIDS   FEDERAL Government’s data mining activities on taxpayers has shown that over N70 billion was realised from the now...

Customs Rakes In N7bn Daily From Kwara, 3 Other States

Customs Rakes In N7bn Daily From Kwara, 3 Other States   The Nigeria Customs Service (NCS) Coordinator of Joint Border Operations Drill, for the North-central zone...

Export Of Agro-allied Produce From Port-Harcourt Hits N28.421bn

Export Of Agro-allied Produce From Port-Harcourt Hits N28.421bn   The Nigeria Customs Service (NCS), Area II Command, says export of agro-allied produce from Onne, Rivers State...

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...