Nigeria's Annual Loss to Medical Tourism Hits $1.1bn - Afreximbank
The African Export-Import Bank has revealed that Nigeria loses an estimated $1.1bn annually to medical tourism, a trend it described as a significant drain on the country’s foreign exchange and a major impediment to the...
Senate Slams NNPCL for Rejecting N210trn Audit Investigation
The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023.
Despite being summoned,...
Telcos Recover N107bn from Banks for USSD Debt
The long-term dispute between telecommunications operators and commercial banks over unpaid Unstructured Supplementary Service Data fees appears to be drawing to a close, as telecom companies confirm the recovery of 95 per cent of the N180 billion...
Nigeria Spends $1bn to Upgrade Telecom Infrastructure
Nigeria’s telecommunications sector is set to experience a dramatic improvement in service quality by the third quarter of 2025, driven by a monumental $1 billion investment in network equipment, the Minister of Communications and Digital Economy, Dr...
NCS Impounds Contraband Worth N1.5bn
The Nigeria Customs Service (NCS) Federal Operations Unit, Zone A, Ikeja, said it intercepted seven 20ft containers of contraband worth N1.5bn between April 23, 2025, and to date.
The Customs Area Controller in charge of the unit, Mohammed Shuaibu, announced this...
DBN Disburses Over N1trn to MSMEs
The Development Bank of Nigeria Plc (DBN) has announced that it has disbursed over N1tn to Micro, Small and Medium Enterprises (MSMEs) through 79 participating financial institutions across the country.
The disclosure was made at a media parley with the...
