Banks’ Assets, Liabilities Now N40.87trn   The total assets and liabilities of commercial banks stood at N40.87tn at the end-November 2019, representing 3.2 per cent increase above the level at the end of September 2019. The Central Bank disclosed this in its fourth quarter report that the...

Reps To FAAN: Account For N66bn Revenue   The House of Representatives has asked the Federal Airports Authority of Nigeria (FAAN) to explain why it remitted only N9bn out of about N75bn it generated between 2014 and 2019. The House asked the FAAN to remit the N66bn...

SON System Failure: Port Records N84bn Loss In Two Weeks   The failure of the server of the Standards Organisation of Nigeria to link importers to the Customs server for the clearance of goods has reportedly cost the port industry N84bn in the past 14 days. Importers...

Customs Probe $8.07m Seized At Lagos Airport   The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos. The Comptroller General of Customs, Col. Hameed Ali (retd.), said the cash which was in $100 denomination, was found sealed in...

Nigeria Needs $5.7m To Provide Water, Says UNICEF   United Nation Children Economic Fund (UNICEF), has disclosed that Nigeria requires an average of $5.7billion to provide water and sanitation in each local government area of the federation. The Chief of Party Water Sanitation and Hygiene, UNICEF, Zaid...

Investor Stakes N50bn On Textile Industry Revival   In furtherance of the federal government policy directing military and para-military personnel to source their uniforms locally, a cotton processor, Mrs. Ololade Adeneye, has disclosed that N50 billion has been earmarked to set up gunnery plants in Oyo,...