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Friday, August 7, 2020

Investment Commitment Dipped By $10.9bn – NIPC

Investment Commitment Dipped By $10.9bn – NIPC     The total investment commitment by investors in Nigeria between January and June 2020 is $5.06bn, the Nigerian Investment...

AMCON Develops Strategies To Recover N5trn Debt

AMCON Develops Strategies To Recover N5trn Debt     The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr Ahmed Kuru, has said the corporation has...

Nigeria Gets €903m EU Aid In Five Years

Nigeria Gets €903m EU Aid In Five Years     Nigeria received 903 million euro as aid from the European Union (EU) from 2013 to 2018. This was...

How Forensic Accounting Can Stem Nigeria’s N2.5trn Annual Fraud Loss

How Forensic Accounting Can Stem Nigeria’s N2.5trn Annual Fraud Loss     The Society for Forensic Accounting & Fraud Prevention (sfafp) has revealed that Nigeria loses N2.5...

NLNG Denies Alleged $1.05bn Illegal Withdrawal

NLNG Denies Alleged $1.05bn Illegal Withdrawal   The Nigeria LNG Limited has described as untrue the allegation that its Managing Director/Chief Executive Officer, Tony Attah, and...

Ngige Sets Up Panel On Alleged N3.4bn NSITF Fraud

Ngige Sets Up Panel On Alleged N3.4bn NSITF Fraud     The Minister of Labour and Employment, Senator Chris Ngige, on Thursday inaugurated a Presidential Joint Board...

DisCos Ask FG To Provide N400bn For Metering

DisCos Ask FG To Provide N400bn For Metering     The power distribution companies in the country have called on the Federal Government to provide N400bn through...

Senate Okays N168.8bn Budget For FIRS

Senate Okays N168.8bn Budget For FIRS   The Senate, on Wednesday, approved N168.8 billion budget for the Federal Inland Revenue Service (FIRS) for the 2020 fiscal...
MD NEXIM ABBA BELLO

NEXIM Bank Disburses N52.9bn To Boost Non-oil Activities

NEXIM Bank Disburses N52.9bn To Boost Non-oil Activities     The Nigerian Export-Import Bank (NEXIM) has refuted allegations that it mismanaged a N50 billion-Central Bank of Nigeria...

Lawmakers Probe N5.8bn Abandoned Niger Port

Lawmakers Probe N5.8bn Abandoned Niger Port     The House of Representatives has resolved to investigate the abandonment of Baro Port in Niger State 19 months after...

FG Moves To Upturn $9.6bn P&ID Judgment Debt

FG Moves To Upturn $9.6bn P&ID Judgment Debt     The Federal Government on Monday moved closer to turning the $9.6 billion judgment debt awarded against it...

Fed Govt To Unveil N65bn Stimulus Package For OPSN

Fed Govt To Unveil N65bn Stimulus Package For OPSN   The federal government is set to unveil a N65 billion stimulus package to support the Organised...

US Agency To Double Commitment In Nigeria By $530m

US Agency To Double Commitment In Nigeria By $530m   The United States (U.S.) Development Finance Corporation (DFC), has reaffirmed plans to double its commitment in...

Oil, Power Firms Owe Banks N5.59trn – CBN

Oil, Power Firms Owe Banks N5.59trn - CBN   Energy firms in the country owe Nigerian banks a total of N5.59tn, the sectoral analysis of banks’...

Nigeria, China Finalising Negotiations On N43.24bn Ibadan Port

Nigeria, China Finalising Negotiations On N43.24bn Ibadan Port     Negotiations between the Federal Government and China Railway Construction Corporation Limited for the construction of the Ibadan...

Power Crises: More Electricity Woes As Tariff Shortfall Heads To N822bn

Power Crises: More Electricity Woes As Tariff Shortfall Heads To N822bn     Against the backdrop of the recent reversal of the new electricity tariff take-off,, the...

West African Carriers Spend $1bn Annually On Aircraft Maintenance

West African Carriers Spend $1bn Annually On Aircraft Maintenance     Airlines in West Africa spend over $1 billion on offshore maintenance of their aircraft, Accountable Manager,...

Customs Generate N17.565bn From Undervalued, Smuggled Items

Customs Generate N17.565bn From Undervalued, Smuggled Items   The Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service at the weekend reported that it...
electricity

Capped Tariff Costing DisCos N14bn Monthly

Capped Tariff Costing DisCos N14bn Monthly     The power sector is denied N13.9bn revenue monthly as a result of the capping on estimated electricity bills by...

Nigeria’s Debt Now N28.63trn

Nigeria’s Debt Now N28.63trn     Nigeria’s total debt portfolio stands at N28.63trillion as at 31st March, 2020, the National Bureau of Statistics has disclosed. Its website report...
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