Metals Import Gulps $3.3bn Yearly - Minister     Nigeria spends about $3.3bn every year on the importation of metals, the Minister of Mines and Steel Development, Olamilekan Adegbite, stated on Monday. He stated this in his remark at the takeover ceremony of assets of steel plants of...

FG, Oil Companies Lose N87.16bn To Gas Flaring     The Federal Government and oil companies in the country lost an estimated N87.16bn from January to May this year as a total of 90.9 billion standard cubic feet of natural gas was flared. The oil companies wasted 19.95...

AMCON’s Assets Under Management Hit N136.73bn     The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn worth of propriety assets. The Managing Director/Chief Executive Officer, AMCON, Mr Ahmed Kuru, disclosed this in a statement on Sunday entitled,...

Oil Industry Content Devt Saves Nigeria $2bn — Wabote     Following the implementation of Nigerian Oil and Gas Industry Content Development (NOGICD) Act in the Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train-7 Project, Nigeria may have saved $2.0 billion. Disclosing this, the Executive Secretary,...

We’re Injecting N600bn Into Agriculture – Fed Govt     The Federal Government has resolved to inject over N600bn as stimulus response into Nigeria’s agricultural sector, the Minister of Agriculture and Rural Development, Sabo Nanono, has said. Nanono said the fund would target small scale farmers to ensure...

Banks’ Credit To Private Sector Rises To N30.189trn     Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of July 2020, compared with the N29.432 trillion it was at the end of June. Latest money and credit...