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Tuesday, March 19, 2019

$217bn Looted Out Of Nigeria Illegally In 38years – EFCC

$217bn Looted Out Of Nigeria Illegally In 38years – EFCC $217 Billion Nigeria has recorded illicit financial outflows of $217.7bn in 38years, specifically between 1970 and...
NNPC Towers

NNPC Blocks Leakages Worth N307bn Yearly In Downstream Sector

NNPC Blocks Leakages Worth N307bn Yearly In Downstream Sector The Nigerian National Petroleum Corporation says it has blocked leakages in the country’s oil and gas...

Discos Owe NBET N108bn In Three Months

Discos Owe NBET N108bn In Three Months Despite an increase in their collection efficiency, the remittance by electricity distribution companies to the Nigerian Bulk Electricity...

Hurdles For Kaduna Power As FG Seeks N400m Diesel To Commission Turbines

Hurdles For Kaduna Power As FG Seeks N400m Diesel To Commission Turbines The Federal Ministry of Power, Works and Housing (FMPW&H), is shopping for suppliers...

Just In Three Weeks, Foreign Reserves Gain $6.42m

Just In Three Weeks, Foreign Reserves Gain $6.42m The nation’s foreign reserves rose by $6.42m from $$43.041bn in December 17, 2018 to $43.047bn as of...
dollars

As Nigeria’s Debt Hits N22.43trn, Domestic Component Now 70.51%

As Nigeria's Debt Hits N22.43trn, Domestic Component Now 70.51% Nigeria’s total debt now stands at N22.43trn, data obtained from the Debt Management Office have shown. According...

AFD Approves $245m For Transmission Grid Expansion

AFD Approves $245m For Transmission Grid Expansion France, through its development agency – the French Development Agency (AFD), has approved for the Transmission Company of...
MD NEXIM ABBA BELLO

NEXIM Reserves N36bn For States’ Non-oil Products Development

NEXIM Reserves N36bn For States’ Non-oil Products Development The Nigerian Export-Import Bank has reserved at least N1bn for each of the 36 states in Nigeria...

Debt Servicing: FG Proposes To Spend N2.26trn This Year

Debt Servicing: FG Proposes To Spend N2.26trn This Year The Federal Government has proposed to spend a total of N2.26trn on debt servicing in the...

FG Releases N25bn Out Of N500bn Housing Fund

FG Releases N25bn Out Of N500bn Housing Fund Out of the N500bn earmarked to address the housing deficit under the Family Homes Fund Programme, the...

FG Budgets N5.12bn For Export Expansion Grant Payment

FG Budgets N5.12bn For Export Expansion Grant Payment The Federal Government has set aside the sum of N5.12bn in the 2019 budget for the payment...
FG

FG Budgets N160bn For Civil Servants’ Salary Increase

FG Budgets N160bn For Civil Servants’ Salary Increase The Federal Government has budgeted a total of N160bn this year to take care of adjustments that...

FG To Approve N4bn Pension Money For Professors, Perm Secs

FG To Approve N4bn Pension Money For Professors, Perm Secs The Federal Government is set to release N4bn to kick-start the payment of full salaries...

Lokpobiri Commends IFAD’s $500m Investment In Agriculture

Lokpobiri Commends IFAD's $500m Investment In Agriculture The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has commended the International Fund for...

Nigeria Loses N20bn Daily, N600bn Monthly To Apapa Gridlock

Nigeria Loses N20bn Daily, N600bn Monthly To Apapa Gridlock The umbrella body of terminal operators in the country, Seaport Terminal Operators Association of Nigeria (STOAN)...

FG Disburses N71.3bn Paris Club Refund To UBEC

FG Disburses N71.3bn Paris Club Refund To UBEC The Federal Government has released the sum of N71.3bn from the Paris Club refund to the Universal...

AFC Pumps $250m Equity In InfraCredit

AFC Pumps $250m Equity In InfraCredit Infrastructure Credit Guarantee Company Limited (InfraCredit), has announced the successful closing of a $25 million equity investment from Africa...

FG Earmarks $650m To Complete Five Major Roads

FG Earmarks $650m To Complete Five Major Roads The federal government has stated that the reconstruction of the Lagos-Ibadan expressway is to be completed in...

ECA Shrinks To $631m As FG Withdraws $1.6bn In Three Weeks

ECA Shrinks To $631m As FG Withdraws $1.6bn In Three Weeks Between November 25 and December 19, the amount in the Excess Crude Account declined...

Cost Of Lagos-Ibadan Expressway Project Rises To N134bn

Cost Of Lagos-Ibadan Expressway Project Rises To N134bn The construction cost for the section one of the Lagos-Ibadan Expressway, stretching from Lagos to Sagamu Interchange...