Senate Demands Details Of $1.5bn, €995m Agriculture Loans       The Senate Committee on Local and Foreign Debts on Tuesday asked the ministries of Agriculture, Finance and the Debt Management Office to provide details of the €995m and the $1.5bn foreign loans. The panel specifically requested for details...

We Borrowed $2.5bn From China For Lagos-Ibadan Rail - Amaechi     The Minister of Transportation, Rotimi Amaechi, has said the Federal Government borrowed about $2.5 billion for the construction of the Lagos-Ibadan rail line. Amaechi, who stated this in an interview on Channels Television’s Newsnight on Monday...

Customs Target N1.4trn Revenue As House Insists On N1.68trn       The House of Representatives Committee on Customs has retained N1.68 trillion as proposed projected revenue in the Nigeria Customs Service (NCS) 2021 budget. This came after the request by the NCS Comptroller General (CG), Col. Hameed Ali...

Discos Failed To Pay N510.53bn In 2020, Says NERC       Power distribution companies in the country failed to pay a total of N510.53bn for the electricity sold to them in 2020 by Nigerian Bulk Electricity Trading Plc, the Nigerian Electricity Regulatory Commission has said. The government-owned NBET...

Senate Summons NNPC Again, Cites Non-remittance Of N4.07trn       The Senate Public Accounts Committee has again summoned the management of the Nigerian National Petroleum Corporation over alleged non-remittance of N4.07tn to the Federation Account between 2010 and 2016. The management of the NNPC had appeared before the...

CBN Disburses N94.34bn COVID-19 Healthcare Funds       The Central Bank of Nigeria has disbursed N94.34bn out of the N100bn credit intervention for the healthcare industry which it introduced as part of its measures to cushion the impact of the coronavirus pandemic on the economy. This CBN disclosed...