Nigerian Banks Spent N200bn Preventing Cyber Attacks In 2019   Nigerian banks were estimated to have spent about N200billion preventing various forms of cyber attacks on their operations in the country in 2019. The Nigeria Computer Society (NCS), which revealed this, yesterday, said more efforts must be...

AfDB Okays $20m For Nigeria, Others   The board of directors of the African Development Bank has approved a $20m investment in the Metier Sustainable Capital International Fund II. The fund channels resources to renewable energy and resource-efficient infrastructure projects in Nigeria and other Sub-Saharan African countries. The...

Nigeria Loses $2.75bn to Vandals, Oil Thieves - Report   A group known as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his intervention to stop criminals to vandalise and steal the nation’s oil assets. In a statement,...

Despite Electricity Tariff Hike, FG To Fund N545bn Deficit Although the regulator plans to increase electricity tariffs on April 1, it says the amount of money recoverable by power distributors from consumers will fall short of their revenue requirements, Electricity distribution companies in the country will...

Manufacturers Generate N1.67trn From Exports In 9 Months   Between January and September 2019, manufacturers earned a total of N1.67tn through exports of manufactured products. The N1.67tn was arrived at based on compilation of figures from the foreign trade in goods statistics report which was obtained from...

Discos’ Yearly Revenue Collection Hits N466bn   Power distribution companies have set a new record of N466bn in their yearly revenue collection, the Association of Nigerian Electricity Distributors has said. ANED, which is the umbrella body for all the Discos, said the revenue collection rose by 10...