Alleged N69.4bn Debt: Court Vacates Order Against Jimoh Ibrahim’s Assets
The Federal High Court, Abuja, on Monday, set aside the interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging to a businessman, Jimoh Ibrahim, for an alleged N69.4 billion debt.
Justice...
CBN To Inject N118bn Into DisCos
The Central Bank of Nigeria (CBN) will be disbursing N118 billion for power distribution projects across the six geopolitical zones.
Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, disclosed this on Sunday.
This, he said, would enable...
Unclaimed Dividend: Shareholders Sue FG Over Plan To Borrow N158bn
Aggrieved by the plan of the Federal Government (FG) to borrow the over N158 billion outstanding unclaimed dividend, shareholders have sued the government at Federal High Court of Nigeria, Abeokuta Division, seeking to restrain the...
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...
