Eight Banks Earn N26.73bn From International Trade Transactions         Eight Nigerian banks have earned a total of N26.73bn from commissions charged on Letters of Credit issued for international trade transactions from January to September. Analysis of the third-quarter financial reports of the eight banks indicated that this...

NASS Kicks As NCC Raises Wage Bill By N12bn         The National Assembly (NASS) has queried the Nigerian Communications Commission over a sharp increase in its proposed wage bill between for 2021. The parliament also criticised the hike in the financial provision for consultancy services. While the...

FG Grants Yola Disco N5bn Loan To Procure 85,000 Meters         The federal government has granted the Yola Electricity Distribution Company (YEDC), a N5 billion loan for sourcing of 85,375 meters for its customers. In December last year, the government said it was taking over the Disco...

NCDMB, PETAN Seal $30m Working Capital Scheme Pact         The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse...

Infrastructure, Weak Policy Push Printing Losses To N3trn         Discrepancies between duties on imported books and materials used for printing, the collapse of paper mills and importation of printed materials may have caused a loss of over N3 trillion, the Chartered Institute of Professional Printers of...

We Lost N1bn To #EndSARS Protests - NPA         The Managing Director of the Nigerian Ports Authority, Hadiza Bala-Usman, told the Senate on Monday that the agency lost more than N1bn when some unidentified people vandalised its facilities during the recent #EndSARS protests in October this...