Oil Worth $42bn Stolen Ten Years - NEITI   Crude oil and refined products worth $41.9bn were stolen from Nigeria in the last 10 years, the Nigeria Extractive Industries Initiative has said. NEITI also urged the government to embrace oil fingerprinting technology, comprehensive metering infrastructure of all...

Court Freezes FG, CBN Accounts Over N103.5bn Judgement Debt   A Federal High Court, Umuahia has issued a global freezing order, directing the attachment of monies due to the Federal Government (FG) and the Central Bank of Nigeria (CBN) to satisfy $285.1million (N103.5 billion) judgement debt...

Insurers To Raise N50bn New Capital For Recapitalisation   Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors to mobilise a cumulative sum of N50 billion new capital to meet June 2020 recapitalisation deadline.While others are still fine-tuning strategies...

Fed Govt Probes N14bn Allocated To NSEZCO In Budget   The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has clarified that the N14 billion budgeted for the Nigeria Special Economic Zones Company (NSEZCO) is been investigated as the said money appropriated for the...

Brickstone Africa To Bridge Continent’s $108bn Infrastructure Gap   Brickstone Africa has reiterated its commitment to help bridge a $108 billion annual infrastructure gap in Africa. The company whose goal is to be Africa’s infrastructure catalyst, has set up the Brickstone Dealcamp Series. As part of this programme,...

Border Closure Saves Poultry Industry N50bn   The closure of land borders has saved the local poultry industry more than N50 billion and the rice industry, experts have said. Although the move appears to violate the Economic Community of West African States (ECOWAS) Trade Liberalisation treaty, a...