Reps Approve N39.3bn For Ministry Of communications, Digital Economy         The Joint Senate and House of Representatives Committee on Communications, ICT and Cybercrimes have approved N39.3 billion budget for Federal Ministry of Communications and Digital Economy for 2021 fiscal year. The Committee approved the budget after the...

In Nine Months, Customs FOU Rakes In N17.5bn         The Federal Operations Unit (FOU) Zone ‘A’ of Nigeria Customs Service, NCS, has impounded 117 units of vehicles and general goods for various offences with a Duty Paid Value, DPV of N 17.5 billion between January and...

We Owe CBN More Than N4trn, Says AMCON         The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was established by the Federal Government in 2010 to buy bad debts from banks and ensure stability in the...

House Panel Demands NNPC’s Response To Alleged $20.3bn Withdrawals         The House of Representatives has accused the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, of refusing to respond to an audit query issued against the corporation over alleged illegal withdrawals from...

Banks’ Average Daily Deposit With CBN Drops To N48.32bn       The Central Bank of Nigeria (CBN) says the average daily deposit amount of N84.27 billion in 246 transaction days in 2018 dropped to N48.32 billion in 251 transaction days in 2019. This was contained in the bank’s...

Lagos, Others Get More N75bn MSMEs Fund Beneficiaries       Lagos, Kano and Abia States will produce more beneficiaries than any other state and the Federal Capital Territory in the sharing of the Economic Sustainability Plan’s N75bn Micro, Small and Medium Enterprises Survival Fund. This was contained in...