Nigeria Borrowed N18.89trn Under Buhari's Regime – Report       Nigeria’s debt public debt hit a total of N31.01tn at the end of June, the Debt Management Office announced on Wednesday. This means that in the last five years under President Muhammadu Buhari, the country’s debt rose by...

In Six months, NNPC Spent N41.98bn On Pipeline Repairs     The Nigerian National Petroleum Corporation has said it spent a total of N41.98bn on pipeline repairs and management cost in the first half of this year. The NNPC disclosed this in its latest monthly oil report, saying,...

Banks Recorded N263.78trn e-transactions In Q2 – NBS       Total volume of 2,160,436,659 transactions valued at N263.78tn were recorded in the first six months of 2020 as data on electronic payment channels in the Nigeria banking sector show. The National Bureau of Statistics disclosed this in its...

332,903 Pensioners Received N96bn In 14 Months – PTAD       A total of 332,903 pensioners and the next-of-kins of deceased pensioners were paid N96bn between July 2019 and August 2020, the Pension Transitional Arrangement Directorate said on Wednesday. PTAD’s Executive Secretary, Nnenna Ejikeme, said this during a...

Malabu: FG Asks Eni, Shell To Pay $1.92bn Damages         The Federal Government asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.09bn as an immediate advance payment for damages it is claiming in one of the oil industry’s biggest-ever...

Customs May Cut 70% Jobs After $3.1bn Automation       There are strong indications that the Nigeria Customs Service (NCS) may lose about 70 per cent of its workforce if the Federal Government implements the port automation and concession to its revenue department. The government had approved $3.1...