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Monday, December 9, 2019

Operators Fault Aviation Minister On Alleged N516bn Debt

Operators Fault Aviation Minister On Alleged N516bn Debt   Airline operators have questioned the veracity of the N516 billion debts, which the Minister of State, Aviation,...

Shares, Banking, Others Attracted $47.45bn Forex In 4yrs

Shares, Banking, Others Attracted $47.45bn Forex In 4yrs   Shares, financing and banking were the three top economic activities that attracted the bulk of the $47.45...
NNPC Towers

NNPC: N547bn Lost In 3years

NNPC: N547bn Lost In 3years   The group monetary loss of the Nigerian National Petroleum Corporation for 2015, 2016 and 2017 is N547bn, the latest review...

External Reserves Drops By $669m In July ― CBN

External Reserves Drops By $669m In July ― CBN   The nation’s external reserves fell by $669m last month, data from the Central Bank of Nigeria...
Godwin Emefiele CBN Governor

Emefiele To Meet Banks, MTN Over $8.1bn Repatriated Funds Dispute

Emefiele To Meet Banks, MTN Over $8.1bn Repatriated Funds Dispute   The Governor of the Central Bank of Nigeria, Godwin Emefiele, will meet with the representatives...

Annually, Nigeria Loses $3bn To Illegal Gemstones’ Trading

Annually, Nigeria Loses $3bn To Illegal Gemstones' Trading Nigeria loses about $3bn annually to illegal export of gemstones, stakeholders in the mines and steel industry...
NDIC

NDIC Paid N7bn To FG In 2018, Says Ibrahim

NDIC Paid N7bn To FG In 2018, Says Ibrahim   The Nigeria Deposit Insurance Corporation on Thursday said it remitted N7bn into the Consolidated Revenue Fund...

FG Uncovers NEPZA Officials’Attempt To Sabotage N42bn SEZ

FG Uncovers NEPZA Officials’Attempt To Sabotage N42bn SEZ The Federal Government has uncovered attempts by some officials of the Nigeria Export Processing Zone Authority to...

Power Distributors Owe TCN, Others N263bn

Power Distributors Owe TCN, Others N263bn Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has...

Buhari Approves N600bn Intervention Fund For Power Sector

Buhari Approves N600bn Intervention Fund For Power Sector   The power sector is going to get another intervention of N600bn from the Federal Government very soon. President...

4 Banks Makes N24.3bn From Account Maintenance Charges

4 Banks Makes N24.3bn From Account Maintenance Charges   Between January and June 2019, four leading banks generated N24.3bn from account maintenance charged on their customers’...

PenCom Illegally Spent N12.3bn IGR , National Assembly Alleges

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...

Takaful Insurance: Underwriting with Solidarity- By Yusuf An-Nuphawi

According to the continental insurance survey by the Africa Insurance Barometer, 2017 edition, a publication of the African Insurance Organisation (AIO), Africa’s insurance penetration...
NASS President Bukola Saraki

2018 Budget To Hit N10tr, Says Saraki

Senate President Bukola Saraki yesterday said the plan by the executive to rollover 50 per cent of this year’s capital projects will cause the...

Domestic debt Costs FGs N3.49tn 

Domestic debt Costs FGs N3.49tn In this report, captures the nation’s current dilemma of dwindling revenues and increasing debt burden, which has inspired debate on...

FBN, Sterling, Diamond Bank Lead N335bn Market Gain

FBN, Sterling, Diamond Bank Lead N335bn Market Gain The equities market, on Tuesday, appreciated by N335bn thus sustaining its positive trajectory for the week. FBN Holdings...

FG Saves N24.7bn Monthly From TSA

FG Saves N24.7bn Monthly From TSA The All Progressives Congress (APC)- led federal government has received high performance ratings in the management of the nation’s...

AfDB: Nigeria, Others Require $1.2tn Annual Investment

AfDB: Nigeria, Others Require $1.2tn Annual Investment   Countries in Africa, including Nigeria, require an investment of about $1.2tn annually in order to achieve the continent’s...

We’ll Help To Bridge $3trn Infrastructure Gap – AFDB

We'll Help To Bridge $3trn Infrastructure Gap - AFDB   The African Development Bank (AfDB) said it would assist the Nigerian government to bridge its infrastructure...

PFAs Eye Airport Projects, Invest N11.36bn In Infrastructure

PFAs Eye Airport Projects, Invest N11.36bn In Infrastructure The Pension Funds Administrators have continued to raise their investments in infrastructure even as they move to...