CBN Plans N15trn InfraCo Fund For Rollout In 12 Months   The Central Bank of Nigeria (CBN) is planning to establish $39 billion (N15 trillion) InfraCo fund, an independently managed fund, expected to be rolled out within the next one year to boost infrastructure development. CBN Governor,...

Banks Recorded N11.44trn Online Payments In March   Bank customers carried out a total of N11.44tn worth of financial transactions on the Point of Sales and Instant payment and electronic bills platforms in March, the latest data from the Nigeria Inter-Bank Settlement System have shown. This shows...

Discos, Gencos Deny Knowledge Of FG’s N200bn Payment   Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days. Group Managing Director, Nigerian National Petroleum Corporation, Mele...

Dangote-led Flood Committee Donates N1.5bn to fight COVID 19 Pandemic     Bothered with the increasing trend and spread of Covid 19 pandemic, the Presidential Flood Relief and Rehabilitation Committee, set up in 2012 by the Federal Government and led by the President of Dangote group, Aliko...

Power Sector Lost N65.56bn In March     The nation’s power sector lost an estimated N65.56bn in March due to constraints from insufficient gas supply, distribution and transmission infrastructure. Data obtained from the Advisory Power Team in the Office of the Vice President showed that lack of gas...

Onne Customs Rakes In N22.9bn In Q1     The Nigeria Customs Service, Area II Command, Onne Port, has announced a total revenue generation of N22.9bn between January and March. The Command said it also seized seven containers with goods worth N215,387,201.18. It recorded exports worth N132,399,525.56. Customs Area Controller...