FG To Expend N65bn On Broadband Infrastructure     The Minister of Communications, Dr Isa Ali Ibrahim Pantami meets NCC, telcos on telecom infrastructure, others A total of N65bn will be spent as counterpart fund for the laying of 127,000km of fibre optic across the country in...

CBN Prints N176.9bn Banknotes In 4 Years   The Central Bank of Nigeria has said a sum of N176.9bn was spent to print banknotes between 2015 and 2018. A breakdown of the amount in a report released on Tuesday by the apex bank showed that N64bn was...

CBN Destroys N1.89trn Fake, Mutilated Naira Notes     The Central Bank of Nigeria says it destroyed unfit Naira currency notes worth N1.89trn in two years, 2017 and 2018. This was disclosed in the 2018 annual report of the Currency Operations Department of the apex bank. Part of the...

AMCON’s Debt May Hit N6.6trn By 2024   The debt of the Asset Management Corporation of Nigeria (AMCON) may rise from the current value of N5trn to a N6.6trn by 2024. A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balogun, who said this, noted...

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant   The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse the N2.5bn Solid Minerals Development Fund. The fund was established in 2016 to help build the capacity of Nigeria’s artisanal and...

PFAs Invests N1.03trn Pension Funds In Banks   The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed that this amounted to 11.03 per cent of the total...