Nigeria, Others Lost $793.7m To Maritime Insecurity – NIMASA DG       Nigeria and other countries on the shores of the Gulf of Guinea lost $793.7m in 2016 as a result of maritime insecurity, the Nigerian Maritime Administration and Safety Agency has said. The Director-General, NIMASA, Dr Bashir...

Paris Club Refund: Govs Ask Banks To Stop $418m Consultants Pay         The Nigeria Governors’ Forum (NGF) has asked banks not to proceed with the payment of $418.9 million to consultants as directed by the Minister of Finance, Budget and National Planning, Zainab Ahmed. The minister had...

Oil And Gas Trade Zone Attracts $16.6bn Foreign Investments In 20 Years         The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy within a 20-year period spanning 2001 to 2020. During the same period, the Authority...

SEC Remits N1.5bn To FG, Assures Of Profitability In Two Years         Following comments attributed to the Nigerian Senate that the Securities and Exchange Commission (SEC) was gradually becoming insolvent and could go bankrupt very soon, Director-General, of the SEC, Mr. Lamido Yuguda has disclosed that...

COVID-19 Loans: CBN Receives Over 8million Applications, Disburses N400bn       The Central Bank of Nigeria has disclosed that it has received over eight million applications from Nigerians for its COVID-19 Targeted Credit Facility to help households and businesses. CBN’s Director, Corporate Communications Department, Mr Osita Nwanisiobi, disclosed...

NSIA Assets Grew By 250% To $3.5bn In Six Years - Finance Minister       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that the assets of the Nigeria Sovereign Investment Authority (NSIA) increased from $1 billion in 2015, to $3.5 billion in...