Nigeria Needs $3trn To Tackle Infrastructure Challenges – Ahmed   The Federal Government will require about $100bn annually for the next 30 years to affectively tackle Nigeria’s infrastructure challenges, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said. A statement from the ministry...

In 5 Years, NNPC Others Remitted N28.58trn To Federation Account – NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that N28.58 trillion was remitted to the Federation Account between 2012 and 2016. The remittances came from three major sources: mineral revenues, non-mineral revenues...

AfDB Okays $500,000 Grant For NEAF   The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF), a new private equity fund developed by...

FG Lists N295.9m Worth Savings Bond On NSE   The Federal Government has listed a total of N295.9m of its series 60 and 61 of its savings bond on the Nigerian Stock Exchange. The NSE said in a circular on Friday that the bonds were listed on...

Loans To Real Estate Drop By 24% To N596bn   Credit allocation from commercial banks to real estate industry has maintained a steady drop in over one year. Loans from commercial banks to the real estate industry, which began to drop over a year ago, have maintained...

Recapitalisation: Wapic Insurance Wants N5.9bn Capital Raise   Wapic Insurance Plc has revealed its plans to raise N5.9bn through a rights issue. This comes after the recent increase in the minimum share capital of insurers by the National Insurance Commission. On May 20, NAICOM issued a circular on...