#EndSARS Protest Disruption Costs Economy N1.5trn       The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives Company Limited has said. “This suggests that the economic recovery path...

COVID-19: We Spent N3.5trn On Economic Growth - CBN       The Central Bank of Nigeria (CBN), says it has so far made a total of N3.5trillion disbursements to cushion the effect of COVID-19 pandemic on the country’s economy. This is contained in a review of the 132nd...

2021 budget: Trade Minister Seeks N11.18bn For Industry         The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, on Thursday sought the approval of the Senate for the sum of N11.18bn for 2021. He said the ministry’s budget proposal comprised personnel cost of N3.02bn; overhead cost,...

Financial Services Can Attract $10bn Through Blockchain – NITDA       The financial services sector in Nigeria has the capacity to attract about $10bn to the nation’s economy through adequate deployment of blockchain technology, the Nigeria Information Technology Development Agency said on Thursday. Director-General, NITDA, Kashifu Inuwa, told...

NERC Fails To Explain N2bn Contract Proposal       The Chairman of the Nigerian Electricity Regulatory Commission, Prof. James Momoh, on Wednesday, failed to tell the House of Representatives the total cost of demarcating and renovating the commission’s headquarters in spite that N2bn was proposed for completion...

NCAA To Sanction Airlines Over N22bn Debts       Nigerian Civil Aviation Authority (NCAA) has concluded plans to embark on recovery of over N22 billion owed aviation agencies by indigenous carriers in the last 20 years. The move by the regulatory body would lead to disruption in air...