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Friday, May 17, 2019

W’Bank, AfDB Promise Nigeria, Others $47.5bn To Tackle Climate Change

W'Bank, AfDB Promise Nigeria, Others $47.5bn To Tackle Climate Change The World Bank and the African Development Bank said on Thursday that they would together...

BoI Laments N5.81bn Unpaid Omatek’s Loan, Seven Years After

BoI Laments N5.81bn Unpaid Omatek's Loan, Seven Years After   Omatek Ventures Plc’s indebtedness to the Bank of Industry has entered its seventh year as the...

FG Concludes Process For N6.68bn Hydropower Plant Concession

FG Concludes Process For N6.68bn Hydropower Plant Concession   The Federal Government has completed the concession process required for the handing over of the N6.68bn Gurara...

FG Disbursed N7.3tn For Recurrent, Capital Expenditure In 2018 – CBN

FG Disbursed N7.3tn For Recurrent, Capital Expenditure In 2018 – CBN Between January and December last year, the Federal Government spent about N7.3tn on the...

Apex Bank To Auction N89.5bn Treasury Bills This Week

Apex Bank To Auction N89.5bn Treasury Bills This Week   The Central Bank of Nigeria is set to conduct a primary market auction on Wednesday to...
Godwin Emefiele CBN Governor

Bank Loans To Real Estate Industry Decline By N162bn

Bank Loans To Real Estate Industry Decline By N162bn The challenges confronting the real estate industry have increased as credit allocation by banks maintains a...

FG, IOCs Lose N684bn To Oil Pipeline Shutdown

FG, IOCs Lose N684bn To Oil Pipeline Shutdown Eight months after the shutdown of the Trans-Ramos Pipeline, the Federal Government, Shell, Total and Nigeria Agip...

NBS: FG Spent N2.95tn On Petrol Imports Last Year

NBS: FG Spent N2.95tn On Petrol Imports Last Year the amount spent by the Federal Government on the importation of Premium Motor Spirit, also known...

Pension: PenCom Fines Employers, Recovers N15.31bn Unremitted Pensions

Pension: PenCom Fines Employers, Recovers N15.31bn Unremitted Pensions The National Pension Commission has recovered N15.31bn from defaulting employers, who failed to remit the pension deductions...

Debt: NBET Owes Electricity Producers N364bn In 10 Months

Debt: NBET Owes Electricity Producers N364bn In 10 Months   Electricity generation companies are owed N364.11bn by the Nigerian Bulk Electricity Trading Plc for electricity generated,...

Expert Says,”Nigeria Can Earn $60bn Annually From Solid Minerals”

Expert Says,"Nigeria Can Earn $60bn Annually From Solid Minerals"   A consultant geologist, Chief Oyewola Oworu, has said that the solid minerals industry is capable of...

In Seven Years, AfDB Supports African Projects With $11.3bn

In Seven Years, AfDB Supports African Projects With $11.3bn   About 370 transformative bank projects valued at $11.3bn were embarked upon between 2010 and 2017 by...

Nigeria Loses N1tn To Overseas Printing, Paper Industry, Don Says

Nigeria Loses N1tn To Overseas Printing, Paper Industry, Don Says   A professor in the Department of Forest Production and Products, University of Ibadan, Prof. Oluwafemi...
Godwin Emefiele CBN Governor

CBN Injected $39bn To Stabilise Naira Last Year

CBN Injected $39bn To Stabilise Naira Last Year   Between January and December last year, the Central Bank of Nigeria injected about $39.9bn to defend the...
electricity

In 7weeks, Power Sector Loses N69.1bn

In 7weeks, Power Sector Loses N69.1bn The nation’s power sector lost N69.1bn between January 1 and February 19 this year as a result of the...

Counting Cost Of 2019 Elections: Economy To Lose N1.6tn

Counting Cost Of 2019 Elections: Economy To Lose N1.6tn   Analysis by experts has shown that the Nigerian economy stands to lose N1.6 trillion as a...

CBN Predicts Stability In FX As External Reserves Hit $43bn

CBN Predicts Stability In FX As External Reserves Hit $43bn The Central Bank of Nigeria (CBN) Thursday said it expected further stability in the foreign...

Good Governance: MacArthur Foundation Commits Over N12.3bn On Nigeria

Good Governance: MacArthur Foundation Commits Over N12.3bn On Nigeria   The MacArthur Foundation has committed not less than $34.2m or N12.3bn between 2017 and 2018 as...

Nigeria Spends $10bn Yearly To Import Welders For Various Economic Sectors

Nigeria Spends $10bn Yearly To Import Welders For Various Economic Sectors   On the average, Nigeria spends $10bn every year to import certified welders engaged in...

FG Budgets N50bn For National Library Reconstruction

FG Budgets N50bn For National Library Reconstruction   The Federal Ministry of Education has set aside N50bn to rebuild the dilapidated National Library headquarters in Abuja. The...