Power Sector: Govt’s N1.5trn Intervention Unsustainable, Ineffective - AfDB Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African Development Bank has said. AfDB’s acting Vice President, Power, Energy, Climate Change and Green Growth, Mr Wale Shonibare, said this in...

NIMASA Remits N16bn Revenue In Ten Months   The Nigerian Maritime Administration and Safety Agency has remitted a total sum of N16bn to the Consolidated Revenue Fund, exceeding the budgeted sum by N4bn. The Director-General, NIMASA, Peterside Dakuku, who made this known in Abuja on Tuesday, said...

Customs Seize N200m Worth Of Goods In Jigawa , Kano   The Comptroller General of Customs strike force team has seized contraband goods worth over N200m in Kano and Jigawa states. National Coordinator of the team in charge of Zone B, Deputy Comptroller Baba Kura Kolobe, made...

Ten Banks Generate N578bn Commission In 9 Months   Ecobank Transnational Incorporated, Zenith Bank Plc and United Bank for Africa Plc led seven other banks in N577.9bn commission generated from customers’ transactions in the first nine months of 2019. This is an increase of 20.4 per cent...

N1bn Debt: AMCON Takes Over Ex Mininster, Ademola Seriki’s Assets   The Asset Management Corporation of Nigeria has taken over two properties belonging to Ademola Seriki, in Lagos and Abuja, over an outstanding indebtedness of nearly N1bn. This is sequel to the order of Justice Chuka Austine...

FG, Oil Firms Owe NDDC N1.27trn, $73m — National Assembly     The National Assembly has said it is set to invite some Federal Government officials and 17 local and international oil companies over alleged indebtedness to the Niger Delta Development Commission to the tune of N1.27trn...