AMCON Seizes Jimoh Ibrahim’s Assets Over N69.4bn Debt         The Asset Management Corporation of Nigeria announced on Wednesday that it had taken possession of 12 assets belonging to Mr Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited, in...

Customs Impound Falsely Declared Cargoes Worth N767m       The Comptroller-General of Customs Strike Force in Zone ‘A’ has intercepted contrabands and raised Debit Notes on under-declaration of cargoes worth N767m. While the contrabands were smuggled into the country from Benin Republic, the DN raised were from 13...

States Borrow N900bn From Capital Market         The Securities and Exchange Commission (SEC), has disclosed that state governments in Nigeria have borrowed not less than N900 billion from the capital market since 1978. The Director General, SEC, Mr Lamido Yuguda, disclosure this at a webinar organised by...

FRC Boosts FG’s Revenue With N1.7trn Since 2007         Since 2007 to date, the Fiscal Responsibility Commission (FRC) caused over N1.7 trillion to be remitted to the Consolidated Revenue Fund (CRF) of the Federal Government To harvest more revenue into the CFR, the FRC is proposing amendments...

Senate Asks SMEDAN To Account For N298m       The Senate on Tuesday asked the Small and Medium Enterprises Agency of Nigeria to account for N298m advance payment it granted to some officials of the agency in 2013. Chairman of the Senate Public Accounts Committee, Senator Mathew Urhogbide,...

Afreximbank, Others Unveil $1.5bn Facility To Support Food Production         The African Export-Import Bank (Afreximbank) has partnered with the International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA),...