Afreximbank Earmarks $2bn to Finance COVID-19 Vaccines’ Purchase       The President of the African Export-Import Bank (Afreximbank), Prof. Okey Oramah has disclosed that the bank is putting in place a financing facility of $2 billion to assist African countries in the purchase of COVID-19 vaccines, which...

Customs Impounds Pangolin Scales, Lion Bones Worth N952m       The Apapa Command of the Nigeria Customs Service (NCS) has revealed that it intercepted an export container concealed with 162 sacks of pangolin scales worth N952m. Showcasing the seizures, yesterday at Apapa port, the Area Controller of the...

Uncertainty Trails N8.47bn Customs Cargo Scanners       The Federal Government has realised the urgent need to deploy cargo scanners at the ports after four years of failed promises. Comptroller-General of the Nigeria Customs Service (NCS), Hameed Ali, had in January 2017, disclosed plans to replace faulty scanners...

SON Destroys Worth N300m Of Substandard Gas Cylinders, Tyres         The Standard Organisation of Nigeria on Monday destroyed cooking gas cylinders and tyres estimated at N300m. The Director-General, Farouk Salim, who supervised the destruction at the SON warehouse in Amuwo-Odofin, said the tyres and cylinders were kept...

Power Sector Deficit Hits N396.86bn In Nine Months         The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared...

Fed Govt To Spend N766bn On COVID-19 Vaccination       The Federal Government is planning to spend a total of N766 billion for vaccination against Coronavirus (COVID-19) in 2021 and 2022. The government is seeking the approval of N367.502 billion through a Supplementary Budget to finance the COVID-19...