NNPC Spends Over N63bn Maintaining Nigeria's Three Idle Refineries
The Nigerian National Petroleum Company Limited (NNPC) invested N63.3 billion on its three refineries located in Port Harcourt, Warri and Kaduna.
The National Bureau of Statistics report on trade revealed that in 2021 petrol importation jumped by...
IMF Cautions Nigeria On Volatile Capital Flows
The International Monetary Fund (IMF) warns that countries with large external loans may be vulnerable to financial crises and recessions if capital flows out.
In December 2021, Nigeria had an external debt stock of $38.39 billion. The federal...
Former School Principal to Spend Two Years in Jail over N3.8m Admission Scam
Abdulrahman Abdulraheem
Honourable Justice Halima S. Muhammed of Gombe State High Court 2, sitting in Gombe, has convicted and sentenced a 67-year old retired Gombe State Secondary School Principal, Bello Muhammed Abubakar,...
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...
