'Nigeria, Others Need $15.7bn To Upgrade Refineries'       African countries will need about $15.7 billion to upgrade existing 36 refineries on the continent to produce petroleum products that will conform with a planned level of sulphur content. African Refiners and Distributors Association (ARDA) disclosed that the $15.7...

PFAs Invest N8.3trn In FGN Securities       Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021. According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021,...

$40bn Investments Needed To Boost Power Supply In Nigeria - FG       The federal government has said that there’s still a lot of financing gap in the country’s power sector, requiring an immediate funding of $40 billion in the generation, transmission and distribution value chain. The government...

AMCON Drags 3,000 Defaulters To Court Over N5trn Debt         The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country. It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...

CBN Disburses N333.2bn For South-South Projects       The Central Bank of Nigeria has disbursed N333.2bn for various projects in the South-South region to provide funding for activities in different economic sectors. The Governor, Central Bank of Nigeria, Godwin Emefiele, disclosed this on Thursday in Port-Harcourt at the...

Plant Protection Bill To Generate $2bn – NESG       The Nigerian Economic Summit Group on Thursday said the implementation of the Plant Variety Protection Bill, which was recently signed into law, would help Nigeria to generate over $2bn from seeds export. It applauded the Federal Government for...