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Insurers To Raise N50bn New Capital For Recapitalisation

Insurers To Raise N50bn New Capital For Recapitalisation   Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors to...

Fed Govt Probes N14bn Allocated To NSEZCO In Budget

Fed Govt Probes N14bn Allocated To NSEZCO In Budget   The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has clarified that the N14...

Brickstone Africa To Bridge Continent’s $108bn Infrastructure Gap

Brickstone Africa To Bridge Continent’s $108bn Infrastructure Gap   Brickstone Africa has reiterated its commitment to help bridge a $108 billion annual infrastructure gap in Africa. The...

Border Closure Saves Poultry Industry N50bn

Border Closure Saves Poultry Industry N50bn   The closure of land borders has saved the local poultry industry more than N50 billion and the rice industry,...

TCN Attracts $1.66bn, Plans Massive Increase In Power Transmission

TCN Attracts $1.66bn, Plans Massive Increase In Power Transmission   The Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed has said...

NIPC Targets N1.4bn From Tax Incentive Fees By 2020

NIPC Targets N1.4bn From Tax Incentive Fees By 2020   The Nigerian Investment Promotion Commission (NIPC) is targeting total revenue of N1.46bn from investment promotion in...

AfDB Shareholders Approve $115bn Capital Increase

AfDB Shareholders Approve $115bn Capital Increase   The governors of the African Development Bank, representing shareholders from 80 countries, have approved $115bn increase in capital for...

CBN To Recover N36bn Loans From North-East Farmers

CBN To Recover N36bn Loans From North-East Farmers   The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to...
AMCON

AMCON’s Debt Could Be N6.6trn By 2024

AMCON’s Debt Could Be N6.6trn By 2024   A Legal consultant and Senior Partner, Olaniwun Ajayi -LP, Muyiwa Balogun has said the Asset Management Corporation of...

World Bank: $2trn Lost Annually To Illicit Logging, Others

World Bank: $2trn Lost Annually To Illicit Logging, Others   Illegal logging, fishing and wildlife trade rob the world of precious natural resources – and ultimately...

In Two Years, CBN Spent N113.56bn To Print Naira

In Two Years, CBN Spent N113.56bn To Print Naira   The Central Bank of Nigeria (CBN) spent N113.56 billion to print naira in two years, a...

AfDB Announces Largest Capital Increase Of $208bn

AfDB Announces Largest Capital Increase Of $208bn   The African Development Bank on Thursday announced the largest capital increase in its history, with an almost 125...

Deepwater Royalty Increase May Cause $15bn Loss , Say IOCs

Deepwater Royalty Increase May Cause $15bn Loss , Say IOCs   International oil companies and their local counterparts under the aegis of the Oil Producers Trade...

FAO, EU Seal €40m Pact To Boost Sustainable Fisheries

FAO, EU Seal €40m Pact To Boost Sustainable Fisheries   The Food and Agriculture Organisation of the United Nations (FAO) has signed a €40 million, five-year...

FIRS, First Bank Seek Out Of Court Settlement In N25bn Damages Suit

FIRS, First Bank Seek Out Of Court Settlement In N25bn Damages Suit   FIRS Executive Chairman, Babatunde Fowler Federal Inland Revenue Service (FIRS) and First Bank...

CBN Okays N19bn For Nine Cotton Plants’ Revival

CBN Okays N19bn For Nine Cotton Plants’ Revival     The Central Bank of Nigeria has approved a fresh loan of N19.18bn to nine cotton producing firms...

Insurance Firms’ Total Assets Now N1.3trn

Insurance Firms’ Total Assets Now N1.3trn   THE total asset of 58 insurance companies as at 2018 stands at N1.3trn, Acting Commissioner, National Insurance Commission (NAICOM),...

FG Sets N8.5trn Revenue Target For FIRS In 2020

FG Sets N8.5trn Revenue Target For FIRS In 2020     The Federal Government has set a tax collection target of N8.5tn for the Federal Inland Revenue...

NEITI: Nigeria Made N52.8bn From Solid Minerals In 2017

NEITI: Nigeria Made N52.8bn From Solid Minerals In 2017     The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria’s solid minerals sector contributed the...

Operators Divided Over FG’s N2bn Grazing Reserves Budget

Operators Divided Over FG’s N2bn Grazing Reserves Budget   Operators in Nigeria’s agricultural space are divided over N2bn allocated by the Federal Government for the development...