$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 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...
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...
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 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...
