Telecoms Operators Want 30% Of CBN N15trn Infrastructure Funding   Telecommunications operators have called on the Central Bank of Nigeria (CBN), to channel 30 per cent of the N15 trillion consortium it announced recently to boost infrastructure development in Nigeria, especially telecoms. The Chief Executive Officer, Medallion...

Banks’ Loans Hit N33trn In 12 Months   Macroeconomic and Fixed Income Researcher at FBNQuest, Gregory Kronsten has listed the macroeconomic impact of the Covid-19 pandemic on the population. In a report, he said one bright spot has been the 21 per cent increase in the loan...

Aviation Workers Demand Details Of $500m Chinese Terminal     A coalition of aviation workers unions have requested for the details of a $500 million worth of Chinese loan deal to build four terminals, especially the add-on plan to concession the airports. The unions, apparently miffed by the...

Nigeria Exported $4.47bn Crude, FAAC Got N1.83trn — NNPC     The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported from Nigeria between May 2019 and May 2020 at $4.47bn. It also stated that the corporation remitted a total of N1.83tn...

In Two Years, FG Refineries Post N406.62bn Loss     The four refineries owned by the Federal Government made a total loss of N406.62bn in two years, the latest audited financial statements of the plants have shown. The refineries, which are located in Port Harcourt, Kaduna and Warri,...

COVID-19: World Bank Approves $114.28m For Nigeria     The World Bank board of directors has approved $114.28m financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state level responses. The bank said this in a statement titled...