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Thursday, September 19, 2019

Total Pension Assets Grow To N9.32trn

Total Pension Assets Grow To N9.32trn   The total assets under the Contributory Pension Scheme rose to N9.32tn as of the end of June 2019. The funds,...

Nigeria Generates N5.2bn From Limestone Licensing

Nigeria Generates N5.2bn From Limestone Licensing The Federal Ministry of Mines and Steel Development has said that the country generated N5.2bn from limestone licensing and...

Investment Announcement Worth $15.15bn Recorded In Q1 – NIPC

Investment Announcement Worth $15.15bn Recorded In Q1 - NIPC   The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission (NIPC), Ms Yewande Sadiku, has disclosed that total...

AfCFTA: AU,AfDB Sign $4.8m Grant

AfCFTA: AU,AfDB Sign $4.8m Grant The African Development Bank Group has signed a $4.8m institutional support grant to the African Union for implementation of the...

Over N500bn Stuck In Unresolved Federal Audit Reports

Over N500bn Stuck In Unresolved Federal Audit Reports   About N500bn has not been properly accounted for in the previous years’ report of the Auditor-General of...
electricity

Power Transmission Still Weak Despite TCN’s $1.63bn Intervention

Power Transmission Still Weak Despite TCN’s $1.63bn Intervention The transmission of electricity across the country is still weak despite the interventions and claim by the...
AMCON

AMCON Takes Over Firm’s Assets Over N3.6bn Debt

AMCON Takes Over Firm’s Assets Over N3.6bn Debt   The Asset Management Corporation of Nigeria has taken over Bao Yao Futurlex Iron & Steel Company Limited...

FG Injects N14bn Into Mineral Exploration

FG Injects N14bn Into Mineral Exploration The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr Abdulkadir Muazu, has said government has invested about...

NIPC Collates $15.15bn Investments In First Half Of 2019

NIPC Collates $15.15bn Investments In First Half Of 2019 The Nigerian Investment Promotion Commission (NIPC), says it has collated 15.15 billion dollars investments in the...

Nigeria Records $15bn Investments In 6 Months

Nigeria Records $15bn Investments In 6 Months Between January and June this year, the Nigerian economy recorded a total investment commitment of $15.15bn in various...

We Saved N500bn By Blocking Leakages In MDAs – Dikwa

We Saved N500bn By Blocking Leakages In MDAs - Dikwa   The Federal Government says it has saved N500bn by blocking leakages in its Ministries, Departments...

FG Constitutes Panel To Recover N5trn AMCON Debts

FG Constitutes Panel To Recover N5trn AMCON Debts   The Federal Government has raised a task force to recover the outstanding N5tn debts owed the Asset...

W/Bank Loans In Nigeria Rise By $2.19bn In 3 Years

W/Bank Loans In Nigeria Rise By $2.19bn In 3 Years   The World Bank loan portfolio in Nigeria increased by $2.19bn in the last three years,...

Access Bank Issues Tier II N30bn Local Bond

Access Bank Issues Tier II N30bn Local Bond To further strengthen its funding base, Access Bank Plc at the weekend announced that it has successfully...

FG’s VAT Reversal To Cost Investors N2.5bn

FG’s VAT Reversal To Cost Investors N2.5bn   Investors could pay about N2.5bn yearly as additional costs on transactions, following the Federal Government’s resumption of Value...

NAHCO Invests N2.5bn For Equipment Upgrade

NAHCO Invests N2.5bn For Equipment Upgrade   The Nigeria Aviation Handling Company Plc says it has acquired N2.5bn set of equipment for passenger facilitation and other...

Nigerians Abroad Remitted $25bn In 2018, FG Says

Nigerians Abroad Remitted $25bn In 2018, FG Says   The Federal Government has said Nigerians living abroad remitted $25bn in 2018, representing 83 per cent of...

Power: Distributors Fail To Remit N1.16trn To NBET

Power: Distributors Fail To Remit N1.16trn To NBET   Power distribution companies in the country failed to remit a total of N1.156trn to the Nigerian Bulk...

Currency Circulation Rose To N2.16trn In April, CBN Says

Currency Circulation Rose To N2.16trn In April, CBN Says   At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the...

WACT Expends N3.6bn On Onne Port Upgrade

WACT Expends N3.6bn On Onne Port Upgrade   The West Africa Container Terminal has unveiled two new Mobile Harbour Cranes worth $10m (N3.6bn) for discharge of...