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Saturday, November 28, 2020

FRC Boosts FG’s Revenue With N1.7trn Since 2007

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...

Senate Asks SMEDAN To Account For N298m

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...

Afreximbank, Others Unveil $1.5bn Facility To Support Food Production

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...

Damage By Plastic, Other Pollution To Marine Environment Hits $13bn

Damage By Plastic, Other Pollution To Marine Environment Hits $13bn         Stakeholders in the management of the marine environment have advocated for a concerted effort by...

Nigeria, 69 Other Countries Get $99bn IMF Cash

Nigeria, 69 Other Countries Get $99bn IMF Cash       The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to...

Afreximbank Records $217.06m In 9 Months

Afreximbank Records $217.06m In 9 Months       African Export-Import Bank (Afreximbank), yesterday in Cairo, Egypt, released its unaudited financial statements for the nine months ended 30...

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted         The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele...

Power Operators Lose N1.25bn As Generation Sheds 62.96MW

Power Operators Lose N1.25bn As Generation Sheds 62.96MW       The Advisory Power Team, Office of the Vice President, in their latest report on the power sector,...

CBN’s Policy Blocks Investors, Banks From N622bn Illegal Earnings

CBN’s Policy Blocks Investors, Banks From N622bn Illegal Earnings         The new Treasury Bills policy of the Central Bank of Nigeria, CBN, has effectively obstructed about...

$500m Chinese Debt Sparks Confusion In Airport Concession

$500m Chinese Debt Sparks Confusion In Airport Concession       Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with...

Fed Govt To Sell Geregu, 2 Plants For N434bn

Fed Govt To Sell Geregu, 2 Plants For N434bn       The Federal government has said it will sell the Geregu, Omotosho and Calabar power plants for...

NNPC Denies Non-remittance of N21bn Revenue To Federal Account

NNPC Denies Non-remittance of N21bn Revenue To Federal Account         The Nigerian National Petroleum Corporation (NNPC) has denied allegations it did not remit N21bn revenue from...

Nigeria Could Face $20bn Loss In Export Revenue – Report

Nigeria Could Face $20bn Loss In Export Revenue - Report         Nigeria and four other oil producers on the continent could each be facing $20billion or...

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects         With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to...

N265bn Disbursed Under National Housing Fund – Fed Govt

N265bn Disbursed Under National Housing Fund - Fed Govt         The Federal Mortgage Bank on Wednesday announced that it had so far disbursed N265bn to subscribers...

N2.3trn Pension Fund Available For Real Sector Investment – PenCom DG

N2.3trn Pension Fund Available For Real Sector Investment - PenCom DG       There is N2.3 trillion pension fund for investment in the real sector, the Director-General,...

Reps Uncover Over N6bn Unspent Funds In EFCC

Reps Uncover Over N6bn Unspent Funds In EFCC         The House of Representatives yesterday uncovered about N6 billion unspent funds in the coffers of the Economic...

FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road

FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road         The Federal Government on Wednesday ratified Nigeria’s membership of the African Continental Free Trade Area. The decision...

COVID-19: UN Offers Nigeria $250m Support

COVID-19: UN Offers Nigeria $250m Support         Nigeria is to get about $250 million, following the launch of the United Nations (UN) Plus Offer for Socio-Economic...

Reps Query Allocation Of N15bn For East-West Road

Reps Query Allocation Of N15bn For East-West Road         The House of Representatives Committee on Niger Delta Affairs yesterday queried the allocation of N15 billion out...
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