Households, Businesses Can Apply For N50bn COVID-19 Loans – CBN The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans under its N50bn Targeted Credit Facility. It said the stimulus package was to support households...

BoI Grows Assets By 78.8% To N1.86trn The Bank of Industry Group concluded the 2020 financial year with a 78.8 per cent growth of assets from N1.04tn to N1.86tn between 2019 and 2020. A statement by the bank on Monday said the increase was driven...

Senate Summons AIICO, NICON, Others Over N17.4bn Pension Remittances The Senate Public Accounts Committee has summoned the management of the NICON Insurance Plc, AIICO Insurance and other insurance companies over their alleged failure to remit N17.4bn pension fund to the Pension Transitional Arrangement Directorate. The...

Senate Probes Agency Over Sale Of N31m Jeeps For N1.5m       The Senate Public Accounts Committee has commenced investigation into the alleged sale of two Prado Jeeps worth N31 million at N1.5 million by officials of the Lake Chad Research Institute, Maiduguri, Borno State capital. The committee...

Customs Generate N46.85bn In Q1, 2021     The Ports and Terminal Multiservices Limited Command of Nigeria Customs Service has recorded N46.85bn as total revenue collection for the first quarter of 2021. According to a statement signed by the spokesman of the command, Muhammad Yakubu, the command collected...

Africa’s Climate Change Impact Rises To $50bn Annually       The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...