AMCON Recovers N1trn From Debtors   The Asset Management Corporation of Nigeria (AMCON) has recovered over N1 trillion from debtors, its Managing Director, Ahmed Kuru, has announced. He spoke during a visit by the Leadership of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to...

Osinbajo Says Nigeria Suffers $14bn Loss To Farmer-herder Clashes Annually   Nigeria has lost over $14 billion yearly due to the frequent farmer-herder clashes, Vice President Yemi Osinbajo said yesterday. Osinbajo made the disclosure in Lagos, while declaring this year’s Livestock and Aquaculture Trade Fair open. Represented by...

Currency In Circulation Drops By N37.94 Billion - CBN The Central Bank of Nigeria (CBN) money and credit report shows that currency in circulation in Nigeria fell by N37.94 billion in February to N3.25 trillion compared to N3.29 trillion recorded as of January 2022. In its...

FG Hopes To Ramp Up Power Infrastructure With $4bn Funding   The Federal Government (FG) has expressed optimism that the various funding arrangements amounting to about $4 billion it has put in place to boost power transmission capacity and other power infrastructure in the country would...

'Nigerians Spend $39.66bn On Foreign Education, Medical Tourism'   Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data. According to CBN’s Balance of Payments, Nigerian parents and guardians paid about $28.65bn for...

NNPC Loads 995m Litres Of Petrol To States Nigerian National Petroleum Company Ltd. (NNPCL) has loaded 994.479 million liters of petroleum worth N164.175 billion (at N165 per litre) to states and the Federal Capital Territory (FCT) in the last 14 days. Authorities have blamed rising diesel...