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Tuesday, March 2, 2021

Households Get N44.62bn COVID-19 Intervention Funds

Households Get N44.62bn COVID-19 Intervention Funds       Households got N44.62bn intervention funds to alleviate hardships from COVID-19 as of the end of November according to figures...

Reps Summon NNPC Chief Over N3.9bn Non-remittance

Reps Summon NNPC Chief Over N3.9bn Non-remittance       The House of Representatives Committee on Public Accounts is expecting the Group Managing Director, Nigerian National Petroleum Corporation,...

NLNG Account: Reps Demand Details Of NNPC Withdrawal Of $20bn

NLNG Account: Reps Demand Details Of NNPC Withdrawal Of $20bn         Dissatisfied with the defence of the Nigeria National Petroleum Corporation (NNPC) over the audit query...

Customs Seize N788.18m Smuggled PMS, Rice At Seme Border

Customs Seize N788.18m Smuggled PMS, Rice At Seme Border         The Nigeria Customs Service, Seme Command made 1,294 seizures with a duty paid value of N788.19m...

FG Releases N37bn COVID-19 Survival Fund

FG Releases N37bn COVID-19 Survival Fund       The Federal Government has so far released N37bn (Survival Fund) as part of the implementation of its Economic Sustainability...

Foreign Investment In Construction Declines By $8m

Foreign Investment In Construction Declines By $8m       The total foreign investment in the construction industry fell by $8.28m to $22m as of the end of...

$20bn Oil Theft: Reps Grill DPR, Summon NNPC, CBN

$20bn Oil Theft: Reps Grill DPR, Summon NNPC, CBN         The House of Representatives has continued its investigation of diverted and stolen crude oil in Nigeria...

Road Concession: Fed Govt Expecting N1trn Private Sector Investments

Road Concession: Fed Govt Expecting N1trn Private Sector Investments         The Federal Government is expecting over N1tn from the private sector for the development and maintenance...

Customs Impound Smuggled Goods Worth N40.5m In Duty Paid Value

Customs Impound Smuggled Goods Worth N40.5m In Duty Paid Value       The Federal Operations Unit (Zone B) of Nigeria Customs Service (NCS) ‎has seized smuggled goods...

FG Okays N1.3bn Surveillance Cameras For Lagos, Abuja Airports

FG Okays N1.3bn Surveillance Cameras For Lagos, Abuja Airports         The Federal Executive Council on Wednesday approved a contract worth about N1.3bn for the design, supply...

Oil Firms’ Income Tax Payments Decline To N47.74bn

Oil Firms’ Income Tax Payments Decline To N47.74bn       The company income tax paid by oil and gas companies to the Federal Government fell by N4.94bn...

Eight Oil-producing States Received N6trn In 11 Years — Report

Eight Oil-producing States Received N6trn In 11 Years — Report       Eight oil-producing states received N6.589 trillion from the Federation Account under the 13 per cent...

Banks’ Non-performing loans Rise To N1.5trn

Banks’ Non-performing loans Rise To N1.5trn       The non-performing loans in the banking sector rose by N333bn as of the end of the third quarter of...

Seven Banks Provide $260m Funding To AGPC To Generate 1.2GW Electricity

Seven Banks Provide $260m Funding To AGPC To Generate 1.2GW Electricity       No fewer than seven banks have provided a cumulative $260 million funding to a...

Nigeria Has $900bn Dead Capital In Real Estate, Agric – PWC

Nigeria Has $900bn Dead Capital In Real Estate, Agric - PWC         Nigeria holds as much as $900 billion worth of dead capital locked up in...

How National Assembly ‘Padded’ 2021 Budget With Over N500bn

How National Assembly ‘Padded’ 2021 Budget With Over N500bn       Before transmitting the 2021 budget to President Muhammadu Buhari, the National Assembly inserted several projects, as...

N49.68bn Spent On Pipeline Repairs In Ten Months – NNPC

N49.68bn Spent On Pipeline Repairs In Ten Months – NNPC         With the challenge of pipeline vandalism lingering in the country, the Nigerian National Petroleum Corporation...
electricity

Power Sector Loses N26.4bn To Gas, Grid Challenges

Power Sector Loses N26.4bn To Gas, Grid Challenges         The power sector has continued its sub-optimal performance in January, losing about N26.4 billion in revenues in...

Foreign Portfolio Investments Decline To Four-year Low At N729.2bn

Foreign Portfolio Investments Decline To Four-year Low At N729.2bn       Foreign portfolio investments (FPIs) in Nigeria dropped to a four-year low at N729.20 billion in 2020...

In 8 Months, FG Earned N2.4bn From Infrastructure Concessions

In 8 Months, FG Earned N2.4bn From Infrastructure Concessions         Within the past eight months, the federal government has earned at least N2.4 billion from the...