AMCON’s Recoveries From Debtors Now N1.1trn   Asset Management Corporation of Nigeria (AMCON) yesterday said it has recovered a total of N1.1 trillion from debtors since its establishment. AMCON Managing Director/Chief Executive Officer, Mr. Ahmed Kuru, said in a telephone interview with our correspondent that the amount...

IPPIS Saved N361bn Despite Opposition - FG     The Office of the Accountant-General of the Federation (OAGF) on Sunday said the Integrated Payroll and Personnel Information System (IPPIS) had saved over N361bn for the Federal Government despite opposition and sabotage from some quarters. Created in 2007, the...

Nigerian Households Spent N2trn On Electricity, Fuel In 2019 – NBS     Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has said. The NBS said in a new report on consumption expenditure pattern that household expenditure...

In Thirty Days, Power Sector Loses N57bn To Gas, Grid Constraints   Nigeria’s power sector further suffered a major setback in the last one month with the loss of about N57 billion due to problems associated with gas supply and grid infrastructure challenges. The 30-day trend analysis...

COVID-19: Nigeria Needs N10.1trn Intervention - NESG     Nigeria needs at least N10.1 trillion worth of interventions from the government to address the fallout of the Coronavirus pandemic. Chief Executive Officer, Nigerian Economic Summit Group (NESG), Jaiyeola Laoye, stated this during the virtual dialogue organised by the...

CBN Gives Medical Firms Conditions To Access N100bn Loans   To access the N100bn loans provided by the Central Bank of Nigeria for firms in the healthcare sector, a corporate entity must submit its application to a participating financial institution which could be either a Deposit...