NCDMB Expends $160m From Nigerian Content Intervention Fund
The Nigerian Content Development and Monitoring Board on Monday revealed that it had so far disbursed $160m out of the $200m Nigerian Content Intervention Fund to oil companies for the development of modular refineries, and capacity building,...
Insurance Sector's Premium Rises To N400bn
The Nigerian insurance sector’s premium rose by 10 per cent to N400bn in the 2018 financial period, according to the Nigerian Insurers Association.
The Chairman, NIA, Mr Tope Smart, disclosed this while presenting the 2018 annual report of the Nigerian...
Nigeria Losing $9bn To Foreign Ship Owners Yearly - NSC
Nigeria is losing about $9bn annually to foreign shipowners because the country has no single vessel that is involved in international freight services, the Nigerian Shippers’ Council stated on Thursday.
According to the council, Nigeria makes...
W/Bank Earmarks $4bn For 36 States
The World Bank has earmarked about $4bn for poverty eradication, erosion control, human capital development and health-related issues in the 36 states of the federation.
Chairman of the Nigeria Governors’ Forum (NGF), Governor Kayode Fayemi of Ekiti State, said this...
Pensions: States Failed To Remit N3.4bn Deducted From Workers’ Pay - PenCom
States operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators.
The acting Director-General, National...
Nigeria Has N1trn Financing Gap Annually, Says BoI
The Chief Executive Officer of the Bank of Industry, Mr Olukayode Pitan, has said there exists a financing gap of about N1trn in the country every year.
Pitan, while speaking at the Economic and Business Conference organised by...
