Malami to Reps: $2.4bn Diversion Claim Baseless, Lacks Merit   The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), has told the House of Representatives that the allegation that 48 million barrels of crude oil valued at over $2.4bn were sold to...

Devt Bank Loaned MSMEs N149bn in 2022 – Report The Development Bank of Nigeria report has revealed that about 105,000 micro, small, and medium-scale enterprises borrowed N149.6bn in 2022. This was disclosed in the Annual Integrated and Statutory Report 2022 released during the bank’s Annual General...

DBN Disbursed N631bn To 313,000 MSMEs    The Development Bank of Nigeria (DBN) has disbursed more than N631 billion to slightly over 313,000 MSMEs across the country, from N482 billion to more than 208,000 MSMEs at the end of the previous year. The Managing Director/ Chief Executive...

Fed Govt, US Firm Sign MoU On $15bn Rail Project   The Federal Government, through the Ministry of Niger Delta has signed a deal with a United States based firm, Atlanta Global Resources Inc, for the construction of a $15bn rail project that will stretch across...

'Diaspora Nigerians Remitted $168bn In Eight Years'   The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents. This is as foreign investments inflow into the country fluctuated in the period under review...

Insurance Claims Now N1.5trn - NAICOM   Insurance companies paid N1.5trn claims in six years as businesses increased. The biggest advertisement needed to promote insurance patronage is prompt claims settlement according to industry experts. The Nigerian underwriting companies have so far paid N1.5tn claims to their customers in...