Customs Brokers Lament Loss Of N20bn To Substandard Goods   Customs brokers and freight forwarders have said they lost N20bn in the past 10 years to fake and substandard goods imported into Nigeria. The National President, Association of Nigeria Licensed Customs Agents, Tony Nwabunike, said this in...

Fed Govt Awards N29.2bn Roads To Niger Republic Borders   The Federal Executive Council on Wednesday approved the award of two roads contracts linking Nigeria’s borders with the Republic of Niger, totalling N29.2bn. President Muhammadu Buhari, presided over the FEC meeting held at the Presidential Villa, Abuja. One...

FG Rakes In N1.2bn From Ground Rents, Others     The Federal Government generated about N1.29bn from land use penal fees, ground rents, premiums, consent, registration and other rates between 2017 and 2019. This was disclosed by the Director, Lands and Housing Development Department, Federal Ministry of Works...

N900m Debt: AMCON Takes Over Buba Galadima's Assets   A Federal High Court sitting in Abuja, in Suit No. FHC/ABJ/CS/1136/2019 has ordered the Asset Management Corporation of Nigeria to take over the business and assets of Bedko Nigeria Limited and Alhaji Buba Galadima. A statement from the...

Govt Agency, Insurers To Recover N45bn From Fake Insurance Practitioners   The Federal Government is working with operators to recover about N45billion lost to fake insurance practitioners nationwide on Third Party Motor Insurance Policy in Nigeria. Accordingly, the Federal Roads Safety Corps (FRSC), has concluded plans to...

Pension Fund: FG Dumps Plan To Borrow N2trn   The Federal Government may have bowed to mounting opposition from labour and other stakeholders against its plan to borrow N2tr from the nation’s N10tr pension assets to finance yearning gaps in infrastructure. Fielding questions when she met with...