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Wednesday, November 13, 2019

FAO, EU Seal €40m Pact To Boost Sustainable Fisheries

FAO, EU Seal €40m Pact To Boost Sustainable Fisheries   The Food and Agriculture Organisation of the United Nations (FAO) has signed a €40 million, five-year...

FIRS, First Bank Seek Out Of Court Settlement In N25bn Damages Suit

FIRS, First Bank Seek Out Of Court Settlement In N25bn Damages Suit   FIRS Executive Chairman, Babatunde Fowler Federal Inland Revenue Service (FIRS) and First Bank...

CBN Okays N19bn For Nine Cotton Plants’ Revival

CBN Okays N19bn For Nine Cotton Plants’ Revival     The Central Bank of Nigeria has approved a fresh loan of N19.18bn to nine cotton producing firms...

Insurance Firms’ Total Assets Now N1.3trn

Insurance Firms’ Total Assets Now N1.3trn   THE total asset of 58 insurance companies as at 2018 stands at N1.3trn, Acting Commissioner, National Insurance Commission (NAICOM),...

FG Sets N8.5trn Revenue Target For FIRS In 2020

FG Sets N8.5trn Revenue Target For FIRS In 2020     The Federal Government has set a tax collection target of N8.5tn for the Federal Inland Revenue...

NEITI: Nigeria Made N52.8bn From Solid Minerals In 2017

NEITI: Nigeria Made N52.8bn From Solid Minerals In 2017     The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria’s solid minerals sector contributed the...

Operators Divided Over FG’s N2bn Grazing Reserves Budget

Operators Divided Over FG’s N2bn Grazing Reserves Budget   Operators in Nigeria’s agricultural space are divided over N2bn allocated by the Federal Government for the development...

SON Impounds N480m Substandard Phone Accessories

SON Impounds N480m Substandard Phone Accessories   The Standards Organisation of Nigeria says it has confiscated substandard phone accessories worth over N480m. The Director, Inspectorate and Compliance...

Discos: We Need N8.7bn To Meet NERC’s Order

Discos: We Need N8.7bn To Meet NERC’s Order     Power distribution companies on Wednesday announced that they would require N8.7bn in order to comply with the...

FG’s October Bonds Oversubscribed By N105bn, Says DMO

FG’s October Bonds Oversubscribed By N105bn, Says DMO   The Federal Government’s bonds for the month of October worth N150bn, which were auctioned on Wednesday, were...

Lekki Seaport Project Gets China Bank’s Loan Of $629m

Lekki Seaport Project Gets China Bank's Loan Of $629m   The Lekki Deep Seaport project has received a major boost with the signing of a $629m...

Senate Panel Vows To Resolve NEPZA Alleged N14bn Scam

Senate Panel Vows To Resolve NEPZA Alleged N14bn Scam   The Senate Committee on Trade and Investment on Tuesday vowed to get to the root of...

Manufacturers Condemn N20bn Annual Losses To Poor Infrastructure

Manufacturers Condemn N20bn Annual Losses To Poor Infrastructure   Manufacturers Association of Nigeria (MAN), has decried the huge decay in infrastructural facilities in the industrial zones...

In Nine Months, Investors Staked N178trn On Securities

In Nine Months, Investors Staked N178trn On Securities   Investors traded a total of N117.99 trillion securities in the fixed income and currency market between January...

FG Earmarks N3.79bn For Ajaokuta Steel Company

FG Earmarks N3.79bn For Ajaokuta Steel Company   The Federal Government has allocated a total of N3,796,479,657 to the Ajaokuta Steel Complex for 2020. The company has...

AMCON Retrieves N759bn Debt, Impounds N264bn Properties

AMCON Retrieves N759bn Debt, Impounds N264bn Properties     The Asset Management Corporation of Nigeria has recovered a total of N759bn from debtors. Some of the debtors also...

NNPC Remits N729.3bn, N602.3bn To Federation Account

NNPC Remits N729.3bn, N602.3bn To Federation Account   The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint...

Savannah Petroleum Signs $74m Loan Facility

Savannah Petroleum Signs $74m Loan Facility   Savannah Petroleum Plc, a British independent oil and gas company focused around activities in Niger and Nigeria, has announced...

PenCom Illegally Spent N12.3bn IGR , National Assembly Alleges

PenCom Illegally Spent N12.3bn IGR , National Assembly Alleges   The National Assembly has criticised the alleged unapproved utilisation of over N12.283bn of the Internally Generated...

Nigerians Spend N2.4trn Yearly On Vehicle Imports

Nigerians Spend N2.4trn Yearly On Vehicle Imports   The Federal Government has said Nigerians are spending over $8bn (N2.4trn) annually to import vehicles. Minister of Justice and...