The Federal Government has said the N621 billion Nigerian National Petroleum Corporation (NNPC) tax intervention for road construction, is ensuring speedy realisation of the completion of the Suleja-Bida and Lambata -Bida roads. The Director, Highways Construction and Rehabilitation, Folorunso Esan, said this at the inspection...

CBN to Stop Sale of Forex to Banks as Naira Falls Against Dollar ECONOMIC CONFIDENTIAL- Naira fell massively at the black market on Thursday after traders learned that the Central Bank of Nigeria (CBN) was planning to halt dollar sales to commercial banks. Although CBN said...

For ten years, the Tertiary Education Trust Fund (TETFund) provided 15 billion Nigerian naira to the Abubakar Tafawa Balewa University (ATBU) Bauchi State for projects. In an interview with the News Agency of Nigeria (NAN) in Bauchi on Thursday, Vice Chancellor, Prof. Ahmed Abdulaziz, stated...

Customs Records N4.5bn Seizures In One Month   The Federal Operations Unit Zone A of Nigeria Customs Service in charge of Lagos has said it recorded N4.5 billion seizures of contraband in January 2022. Speaking to journalists in Lagos, Acting Comptroller, Deputy Comptroller Hussein Kehinde Ejibunu, said...

EndSARS: Insurers Pay N11bn Claims To Cover Losses The Nigerian Insurers Association has said insurance companies have paid N11bn claims on losses suffered during the 2020 #EndSARS protest. The Chairman, NIA, Mr Ganiyu Musa, disclosed this at a press briefing in Lagos. “As at January, insurers have...

Reps Probe N1.2trn Unclaimed Funds In Banks   The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in commercial banks due to the alleged failure to...