FG, States, LGs’ Borrowing From Banks Now N954.27bn   Bank loans to the different levels of government and the national economy have continued to grow steadily as the banking sector moves to put its non-performing loans under control. The total loans taken by the federal, states and...

Investment Commitment Dipped By $10.9bn – NIPC     The total investment commitment by investors in Nigeria between January and June 2020 is $5.06bn, the Nigerian Investment Promotion Commission has said. It, however, stated that this was 67 per cent ($10.9bn) less than the value recorded in the...

AMCON Develops Strategies To Recover N5trn Debt     The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr Ahmed Kuru, has said the corporation has developed a new receiver framework for its recovery agents. As part of the corporation’s efforts to recover the outstanding N5tn debt,...

Nigeria Gets €903m EU Aid In Five Years     Nigeria received 903 million euro as aid from the European Union (EU) from 2013 to 2018. This was contained in a study commissioned by the Policy and Operations Evaluation Department of The Ministry of Foreign Affairs of the...

How Forensic Accounting Can Stem Nigeria’s N2.5trn Annual Fraud Loss     The Society for Forensic Accounting & Fraud Prevention (sfafp) has revealed that Nigeria loses N2.5 trillion yearly to fraud and corruption. For the African continent, the society stated that almost 25 per cent of its...

NLNG Denies Alleged $1.05bn Illegal Withdrawal   The Nigeria LNG Limited has described as untrue the allegation that its Managing Director/Chief Executive Officer, Tony Attah, and the Group Managing Director of the Nigerian National Petroleum Corporation illegally withdrew monies belonging to the company. Economic Confidential reported last...