Senate Worries Over Power Ministry’s N478m In Mortgage Bank         The Senate has raised concern over the safety of the N478m deposited by the Federal Ministry of Power in Aso Savings and Loans Plc. The money, according to the 2015 report of the Auditor General for the...

Customs Revenue Rises, Rakes In N1.56trn In One Year         The Nigeria Customs Service on Wednesday said it generated N1.56tn in 2020. It said the amount generated was over the target of N1.38tn and over the sum of N1.34tn generated in 2019 despite the COVID-19 pandemic. The Comptroller-General...

AfDB Approves $7m For Mini-grid Programme         The African Development Bank (AfDB) has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA) for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid...

‘Nigeria Spends Just 3.75% Of $495bn GDP On Healthcare’         Nigeria, Africa’s biggest economy at $495 billion, spends just 3.75 per cent of Gross Domestic Product (GDP) on healthcare, compared with 4.8 per cent in Kenya, 8.11 per cent in South Africa and 13.42 per cent...

Nigeria, Others’ll Lose $1trn Oil Revenue In 20 Years – PwC         Nigeria and other African oil-producing countries will lose an estimated N1tn in oil export revenues over the next 20 years as prices are forecast to remain low, a new report by PricewaterhouseCoopers has said. PwC,...

Fed Govt Disburses N166m To 239 Beneficiaries         Ahead of the processing of the over three million applications so far received, the Nigeria Youth Investment Fund of the Federal Government has completed its pilot disbursement of loans totaling N165.7m to 239 beneficiaries. The money, approved by the...