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...

COVID-19: World Bank Okays $11.5bn For Nigeria, Others           The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations. The World Bank said this in its ‘Annual Report 2021: From crisis to green, resilient, and inclusive recovery’. The bank...

Nigeria, Others Losing $82bn To Gas Flaring Annually           By flaring, rather than utilising gas for power generation or other domestic needs, Nigeria and other nations involved in such act , could lose up to $82bn a year due to global gas flaring, says GlobalData report. The...

Reps Investigate Threats To $150bn Air Cargo Freights           The House of Representatives has resolved to investigate the delay frustrating air freighting of cargoes occasioned by extortions and multiple charges at the airports. This is sequel to the unanimous adoption of a motion moved by the Deputy...