World Bank Reviews $157bn Support To Nigeria, Others   The World Bank Group (WBG) has assessed its $157 billion support given to Nigeria and other developing economies to fight COVID-19 pandemic. Nigeria got $3.4 billion support from the bank in May to strengthen the economy and...

Power Firms’ Quarterly Revenue Hits N181bn On Tariff Hike   Buoyed by the hike in electricity tariff, the revenue collected by power distribution companies in Nigeria rose by 42.3 per cent in the first quarter of this year, compared to the same period of 2020. The revenue...

CBN Backs Lagos Rail Project With N60bn Fund   The Central Bank of Nigeria has said it is supporting the Blue Rail Line project in Lagos with N60bn intervention fund. The Director, Development Finance, CBN, Yusuf Philip, disclosed this in Lagos on Thursday, during an inspection of...

Reps Give Banks 14 Days To Remit N10bn Customs Duties To FG     The House of Representatives Committee on Customs has given two weeks ultimatum to five commercial banks to reconcile accounts and remit all outstanding customs duties to the federal government. The Chairman of the Committee,...

National Development Plan Implementation To Gulp N350trn – FG The Federal Government has said that the 2021 National Development Plan will require a total of N350tn for infrastructural projects over the next five years. The Minister of State for Finance, Budget and National Planning, Clem Agba,...

Fed Govt Targets $150bn From Special Agro-Processing Zones   The federal government on Tuesday said the proposed Special Agro-Processing Zones (SAPZs) by the African Development Bank (AfDB) will help the country generate $150 billion in foreign reserve in the next 10 years. The Minister of State for...