Nigeria Entitled To $3.35bn In Fresh IMF Rights Allocation       The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that the organisation begun allocating Special Drawing Rights of about $650bn on Monday. This was contained in a press statement on the IMF website...

Nigerians In Diaspora Remit $65.34bn In Three Years       The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank have shown. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn;...

Local Aviation Loses N11.6bn Annually To Poor Ground Handling Rates       Perennial underpricing and poor rates in the ground handling sub-sector of aviation yearly is costing the entire industry a shortfall of $28.35 million or N11.6 billion ($1:N410). A rough estimate in revenue, according to industry benchmark...

MDAs Couldn’t Account For N4.97trn In 2019 - Auditor-general       The Auditor-General of the Federation, Adolphus Aghughu, has said ministries, departments and agencies of the Federal Government failed to account for a total sum of N4.97tn in 2019. Aghughu said the MDAs failed to substantiate the sum...

#EndSARS: Nigerian Insurers Settled N5.4bn Claims       Nigeria Insurers Association has said that the insurance firms have paid over N5.4bn in claims settlement arising from #EndSARS losses. The Director-General, Yetunde Ilori, said this at the Surplus Distribution Event held by Noor Takaful Limited on Wednesday. Nigerian youths had...

$50bn Investments Lost In 10yrs Without Oil Sector Law, Says Buhari       Nigeria lost investments worth at least $50billion due to delayed passage of the Petroleum Industry Bill (PIB) in the last 10 years, President Muhammadu Buhari said yesterday. He spoke at Aso Villa yesterday at a...