Lagos Takes 81.5% Of Nigeria’s Capital Imports Worth $11.18bn – NBS   National Bureau of Statistics Lagos accounted for Nigeria’s 81.5 per cent capital importation worth $11.18 billion within six months of 2019. Analysis of the Capital Importation report released yesterday by the National Bureau of Statistics...

AEDC Funds Metering With N11bn , Installs 50,000 Under MAP   The Abuja Electricity Distribution Company (AEDC) has funded metering with N11 billion within five years, just as it announced the installation of 50,000 meters, six months after launching its Meter Assets Providers (MAP) scheme. A statement...

Reps Investigate N698m Power Projects, N84bn Compensation   The House of Representatives has begun investigation of the Niger Delta Power Holding Company over contracts awarded, projects executed and payment of compensations to communities. The House on Wednesday mandated the Committee on Power to conduct “a comprehensive investigation...

Nigeria Rakes In $21bn From Oil In 2017, Says NEITI   Nigeria earned $21bn from the oil and gas sector in 2017, representing a 23 per cent increase from the 2016 figure of $17.05bn and 15 per cent lower than $24.79bn recorded in 2015. The Nigeria Extractive...

Pension Fund Assests Rose By N140bn In September   Pension fund assets under the Contributory Pension Scheme (CPS) have continued to be one of the fastest growing savings accounts in the country as it grew by N140 billion in September. This is according to a table on...

In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN   Following the loans to deposition ration policy recently announced by the Central Bank of Nigeria (CBN), aggregate deposit money banks’ lending to the real sector has peaked N1.169trn in five months as the manufacturing...