N4.7trn Debt: AMCON Pays N2trn To CBN       The Asset Management Corporation of Nigeria (AMCON) has repaid N2 trillion out of its N4.7 trillion commitment to the Central Bank of Nigeria (CBN), its Managing Director/CEO Ahmed Kuru has said. Speaking on the corporation’s focus in his new...

$1.5bn For P/Harcourt Refinery Rehabilitation Outrageous – Reps Caucus       The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery, describing the figure as ‘outrageous and heavily inflated’. The caucus, therefore, demanded an immediate review of the...

We Recovered N1bn Debit Notes From Importers, Shippers - NCS       The Comptroller General of the Nigeria Customs Service (NCS), Strike Force Unit says it has recovered debit notes worth N1bn from importers, shippers in the last three months. The service also said smugglers now made use...

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...