Real Estate Developers Laud CBN N200bn Intervention Fund       The Real Estate Developers Association of Nigeria has praised the Central Bank of Nigeria for its N200bn housing intervention programme targeted at low income earners. According to a statement issued by the association on Sunday, the fund is...

Non-performing Loans Rise By N50bn On Increased Lending       Banks’ non-performing loans rose by N50bn to N1.17tn as of the end of August from N1.12tn as of the end of June, the latest figures from the Central Bank of Nigeria and the National Bureau of Statistics...

Oil, Gas Suppliers Risk N320bn Loss       The Natural Oil and Gas suppliers Association of Nigeria (NOGASA) have pleaded with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) that the planned protest over the new petrol pump prices will make them lose N320billion. In a...

Nigerian Illegally Collecting $36,000/month From Ship Owners – Amaechi       The Minister of Transportation, Rotimi Amaechi, has registered his displeasure with continuous patronage of illegal harbours known as secure anchorage areas. According to the minister, an individual has sought to exploit the industry by collecting $1,200 daily...

174,574 Nigerians Apply For COVID-19 N75bn MSME Survival Fund       Within 48 hours a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan, the Federal Government announced on Thursday. Registration for...

DPR Links $1.03bn Remittance To Oil Royalties, Legacy Debts         The Department of Petroleum Resources (DPR), has identified oil and gas royalties and legacy debts as a major contributor to its revenue generation amounting $1.03 billion remitted to the Federation Account. DPR stated that the revenue...