Insurance Sector’s Assets Hit N1.82trn On Recapitalisation Deadline       The Insurance sector’s assets rose by N410bn in one year as the industry attracted new investors. Despite the impact of COVID-19 pandemic on the economy, the insurance industry attracted some investments that boosted its assets, investigation has shown. Many...

FG Plans N493.4bn Revenue From National Assets’ Sale       The Federal Government plans to earn a total of N493.4bn from the sale or concession of about 36 of its assets across the country. Some the assets up for sale or concession include the country’s refineries, the International...

AfDB Receives $668.1m As Concessional Loans From Japan       The Japan International Cooperation Agency and the African Development Fund, the concessional arm of the African Development Bank Group, have signed a loan agreement of $668.1m to support the 15th replenishment of the ADF (ADF-15). During a virtual...

FG To Borrow $1.2bn For Agric Mechanisation     The Federal Government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil to provide for mechanised agriculture in Nigeria. Senior Special Adviser to the President on Agriculture, Andrew Kwasari, told journalists in Abuja...

FG To Redeem Debts Owed States With Over N31.4bn       The Federal Government will tomorrow release over N31.4 billion to state governments in keeping with its obligations to service its debts. The state governments will be credited with N31,440,652,571 tomorrow when the promissory notes issued to them...

Reps, Finance Ministry Disagree Over N2.8bn Payment To OPEC       The House of Representatives and the Ministry of Finance yesterday disagreed over the procedure for paying N2.8 billion to the Organisation of Petroleum Exporting Countries (OPEC) in 2017. The Ministry appeared before the Public Accounts Committee of...