AMCON Retrieves N759bn Debt, Impounds N264bn Properties     The Asset Management Corporation of Nigeria has recovered a total of N759bn from debtors. Some of the debtors also forfeited their properties worth N263.73bn, a new report released by the Central Bank of Nigeria said. AMCON was established by the...

NNPC Remits N729.3bn, N602.3bn To Federation Account   The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV) respectively between July 2018 and July 2019. Its July 2019 Monthly Financial Report , added that the state-run oil...

Savannah Petroleum Signs $74m Loan Facility   Savannah Petroleum Plc, a British independent oil and gas company focused around activities in Niger and Nigeria, has announced the signature of a $74m unsecured loan facility. The company said in a notice made available to the London Stock Exchange...

PenCom Illegally Spent N12.3bn IGR , National Assembly Alleges   The National Assembly has criticised the alleged unapproved utilisation of over N12.283bn of the Internally Generated Revenue of the National Pension Commission. The joint Senate and House of Representatives Committees on Pensions expressed concerns when PenCom appeared...

Nigerians Spend N2.4trn Yearly On Vehicle Imports   The Federal Government has said Nigerians are spending over $8bn (N2.4trn) annually to import vehicles. Minister of Justice and Attorney General of the Federation, Abubakar Malami, made the disclosure on Monday in Abuja while unveiling a competition on ‘automotive...

Shell Expends N41.1bn On Rivers, Other States’ Projects   The Shell Petroleum Development Company of Nigeria Limited has disbursed a total of N41.1bn ($228m) to fund development projects in Rivers, Delta, Bayelsa and Abia states in the last 13 years. The General Manager, External Relations, SPDC, Mr...