FG Releases N650bn For Capital Projects, Road Repairs   The Federal Government said on Wednesday that road construction and repairs under the Ministry of Works and Housing were a major beneficiary of N650bn so far released for capital projects in the 2019 budget. It also named the...

NIRSAL Facilitates N101bn Loans For 693 Agric Projects   Since its incorporation in 2013 by the Central Bank of Nigeria, a total of N101bn has been facilitated by the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending from Deposit Money Banks for the agricultural sector. The Managing...

CBN Releases N610.4bn Loans To Farmers   The Central Bank of Nigeria has released a total of N610.4bn to the banks for farmers under the Commercial Agricultural Credit Scheme. The CBN disclosed this in its economic report for the third quarter report on the performance of the...

AfDB, Investors Working To Close $67bn Deals     Investors and partners of the African Investment Forum are working on closing investment transactions worth $67bn at the second edition of the forum, which kicked off on Monday in Johannesburg. The President, African Development Bank, Dr Akinwumi Adesina, disclosed...

DisCos Owe NBET N322bn In 8 Months   Power distribution companies failed to pay a total of N322.14bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them from January to August this year. The government-owned NBET buys electricity in bulk from generation companies...

Customs Rakes In N1.002trn Revenue In Nine Months   The Nigeria Customs Service (NCS) has generated revenue of about N1.002 trillion from January to September 2019. The data received by the News Agency of Nigeria (NAN) from the Department of Research and Statistics and confirmed by the...