W/Bank Supports Nigeria’s Public Health Sector With $82m   The World Bank says that it has made $82m available to strengthen Nigeria’s public health response to the COVID-19 pandemic. The $82m was made available through the World Bank’s Regional Disease Surveillance Systems Enhancement Project. The development was disclosed...

FG To Cut FIRS’ N8.5trn Target   The Federal Government is revising the non-oil revenue projections, including various tax and customs receipts. This means the N8.5trillion target set for the Federal Inland Revenue Service (FIRS) will be slashed at the end of the review. Minister of Finance, Budget...

Nigeria Needs $6bn To Develop 5m tons LPG Infrastructure     At least $6 billion is required to develop infrastructure to enable Nigeria achieve the 2023 target of five million tons of liquefied petroleum gas (LPG) also called cooking gas consumption. Programme Manager, National Liquefied Petroleum Gas Expansion...

22 Banks Facilitated $23.9bn Investments In Nigeria — NBS   A total of 22 banks facilitated the $23.9bn investment which the economy attracted in the 2019 fiscal period. Details of the investments which the banks attracted were contained in the Capital Importation Report obtained by our correspondent...

Banks Recorded N1.05trn Bad Loans In 2019 – NBS   Banks’ non-performing loans amounted to N1.05tn as of December 2019, the National Bureau of Statistics said on Wednesday. The bureau also gave the gross loans of the banking sector as N17.56tn in the review period. The figures were...

BoI Records N39.33bn Profit, Disburses N234bn To 10,145 Enterprises     With ₦234 billion disbursed to 10,145 enterprises, thus facilitating the creating of an estimated 1 million direct and indirect jobs, the bank of Industry (BoI) has recorded a profit of N39.33 billion for the2019 financial year. Indeed,...