DPR: $1.5bn World Bank Loan May Be Needless       The Department of Petroleum Resources (DPR) at the weekend said with the remittance of at least $1.03billion to the Federation Account and an additional $600million expected from oil and gas royalties and legacy debts, the delayed $1.5...

Life Annuity Funds Rise To N463.1bn - NAICOM       Life annuity funds managed by life insurance companies rose to N463.1bn as of the end of the second quarter of 2020. This was disclosed in a report entitled ‘Retiree life annuity: An overview of Q2, 2020’ by the...

Currency in Circulation Dropped To N2.39trn In August – CBN       The currency in circulation dropped by N25.03bn from N2.39tn as of the end of July to N2.36tn as of the end of August, latest figures from the Central Bank of Nigeria revealed on Thursday. The figure,...

NAHCO Gets Ground Equipment Worth N500m       The Nigerian Aviation Handling Company Plc, (NAHCO Plc) has acquired another set of Ground Support Equipment (GSE) valued at N500 million. This is part of the N3.6 billion equipment proposed in 2019 for injection into the company to enhance service...

Hike: Electricity Consumers To Pay N417.09bn In Four Months       Following the recent increase in electricity tariffs, the 11 distribution companies in the country are allowed to collect a total of N417.09bn from their customers from September to December. The Discos had early this month announced what...

Nigeria, Others Losing $15bn To Climate Change - AfDB       The President, African Development Bank Group, Dr Akinwumi Adesina, has said that Nigeria and other African countries would lose between $7bn and $15bn per annum due to climate change. Adesina said this in his opening speech at...