Twitter Ban: Nigeria Loses N309.26bn In 124 Days   The Nigerian Twitter ban has entered its 124th day, causing losses of up to N309.26bn to the economy. The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, President Muhammadu Buhari said “Social media is a...

Nigeria Grants N992.9bn Import Waivers In Two Years   Within a two-year period covering January 2019 and December 2020, the Federal Government through the Nigerian Customs Services granted the sum of N992.9bn as waivers on imported goods, findings have shown. The N992.9bn comprises N213.1bn recorded in 2019...

NDIC Pays N102bn To Depositors Of Closed Banks   The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has disclosed that the corporation has paid a total of N101.67bn uninsured sums as of 30th June 2021 to 535, 815 depositors of closed...

In Five Years, FG Earned N39.648trn Revenue - NEITI           Nigeria Extractive Industries Transparency Initiative (NEITI) has said the total revenue accruing to the Federal Government in the last five years from all sectors is N39.648 trillion. The solid minerals sector, according to watchdog organization, contributed N308.43...

IMF Cautions As Crypto Market Value Surpasses N820trn         Financial experts with the International Monetary Fund (IMF) have called for caution and regulation as the total market value of all the crypto assets surpassed $2 trillion (N820 trillion) – a 10-fold increase since early 2020. The experts,...

Senate Summons FAAN MD Over N1.5bn Indebtedness To NiMeT           The Senate has summoned the Managing Director of the Federal Airport Authority of Nigeria, Rabiu Yadudu, to explain his agency’s alleged failure to remit N1.5bn meant to be the the internally generated revenue of the Nigeria...