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Monday, December 9, 2019
NBS National Bureau of Statistics

Lagos Takes 81.5% Of Nigeria’s Capital Imports Worth $11.18bn – NBS

Lagos Takes 81.5% Of Nigeria’s Capital Imports Worth $11.18bn – NBS   National Bureau of Statistics Lagos accounted for Nigeria’s 81.5 per cent capital importation worth...

AEDC Funds Metering With N11bn , Installs 50,000 Under MAP

AEDC Funds Metering With N11bn , Installs 50,000 Under MAP   The Abuja Electricity Distribution Company (AEDC) has funded metering with N11 billion within five years,...

Reps Investigate N698m Power Projects, N84bn Compensation

Reps Investigate N698m Power Projects, N84bn Compensation   The House of Representatives has begun investigation of the Niger Delta Power Holding Company over contracts awarded, projects...

Nigeria Rakes In $21bn From Oil In 2017, Says NEITI

Nigeria Rakes In $21bn From Oil In 2017, Says NEITI   Nigeria earned $21bn from the oil and gas sector in 2017, representing a 23 per...

Pension Fund Assests Rose By N140bn In September

Pension Fund Assests Rose By N140bn In September   Pension fund assets under the Contributory Pension Scheme (CPS) have continued to be one of the fastest...

In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN

In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN   Following the loans to deposition ration policy recently announced by the Central Bank of...

CBN Sets N10bn Paid-up Capital For MGCs

CBN Sets N10bn Paid-up Capital For MGCs   The Central Bank of Nigeria has set a minimum level of N10bn paid-up capital for Mortgage Guarantee Companies. A...

AMCON Solicits Judiciary’s Support To Recover N5.4trn Debt

AMCON Solicits Judiciary’s Support To Recover N5.4trn Debt   the Asset Management Corporation of Nigeria is seeking the support of the judiciary to recover over N5.4tn...

NEC Approves Extra $250m Investment In NSIA

NEC Approves Extra $250m Investment In NSIA   The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo has approved the investment of an...

Africa Finance Corporation Concludes $140m Loan Facility

Africa Finance Corporation Concludes $140m Loan Facility   Africa Finance Corporation has announced the closing of its inaugural $140m Kimchi Term loan facility. The AFC said in...

Reps Probe $396m Refinery Maintenance Expenses

Reps Probe $396m Refinery Maintenance Expenses   The House of Representatives has begun investigation into the ‘Turn-Around Maintenance’ of the petroleum refineries in Port Harcourt, Warri...

NCC Fines CWG N25m For Violation

NCC Fines CWG N25m For Violation   The Nigerian Communications Commission has fined CWG Plc, an integrated information and communications technology company, N25m for violating some...

FG Recovers N594.08bn Through Whistle-blower Policy Since 2016

FG Recovers N594.08bn Through Whistle-blower Policy Since 2016 Since the adoption of the whistle-blower policy in 2016, the Federal Government has so far recovered N594.09bn...

Nigerian Aviation Company Invests N2bn On Ground Handling Equipment

Nigerian Aviation Company Invests N2bn On Ground Handling Equipment The Nigerian Aviation Handling Company (NAHCO) Plc disclosed yesterday that it has spent N2bn to acquire...

FEC Okays N200bn Loan For BoI

FEC Okays N200bn Loan For BoI   The Federal Executive Council (FEC) has approved the issuance of a Sovereign Guarantee of 500 million Euros (N200bn) from...

Customs Seize N2.5m Fake Currency

Customs Seize N2.5m Fake Currency   The Ogun Area 1 Command of the Nigeria Customs Service has said it intercepted fake currency notes worth about N2.5m. Also...

2020 Budget Contains N150bn Wasteful Expenditure – Report

2020 Budget Contains N150bn Wasteful Expenditure - Report   The Centre for Social Justice on Wednesday faulted the 2020 budget presented by President Muhammadu Buhari to...

NPA Reserves N202bn For 2020 Operations

NPA Reserves N202bn For 2020 Operations   The Nigerian Ports Authority (NPA), has proposed and defended a budget of N202 billion it intends to spend for...

Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective – AfDB

Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective - AfDB Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African...

NIMASA Remits N16bn Revenue In Ten Months

NIMASA Remits N16bn Revenue In Ten Months   The Nigerian Maritime Administration and Safety Agency has remitted a total sum of N16bn to the Consolidated Revenue...