20 C
Abuja
Saturday, January 18, 2020

Manufacturers Generate N1.67trn From Exports In 9 Months

Manufacturers Generate N1.67trn From Exports In 9 Months   Between January and September 2019, manufacturers earned a total of N1.67tn through exports of manufactured products. The N1.67tn...
electricity

Discos’ Yearly Revenue Collection Hits N466bn

Discos’ Yearly Revenue Collection Hits N466bn   Power distribution companies have set a new record of N466bn in their yearly revenue collection, the Association of Nigerian...

We Saved N700bn Through TSA, Other Financial Mgt Reforms – FG

We Saved N700bn Through TSA, Other Financial Mgt Reforms – FG   Through the implementation of various public sector financial management reforms, over N700bn had been...

PenCom To Collect Bonds Through DMO For N400bn Pension Arrears

PenCom To Collect Bonds Through DMO For N400bn Pension Arrears   The National Pension Commission plans to raise pension bonds through the Debt Management Office to...

Nigeria Saves $500m From Ban On Barley Malt, Says Onu

Nigeria Saves $500m From Ban On Barley Malt, Says Onu   Minister of Science and Technology Dr. Ogbonnaya Onu has said the Federal Institute of Industrial...

Female Entrepreneurs Gets N26bn Loans From BoI

Female Entrepreneurs Gets N26bn Loans From BoI   As part of its deliberate steps to address issues around gender equality in entrepreneurship, the Bank of Industry...

AGF Queried Over Non-disclosure Of N57bn FG Grants

AGF Queried Over Non-disclosure Of N57bn FG Grants   The Accountant General of the Federation, Alhaji Ahmed Idris, has been queried by the Auditor-General for the...

$250trn Debt Burden To Weigh On Global Economy In 2020 – W/Bank President

$250trn Debt Burden To Weigh On Global Economy In 2020 - W/Bank President   Concerns about global debt are heightening from the office of World Bank...
electricity

After Average Energy Drops to 3,781MW, FG Loses N626.7bn

After Average Energy Drops to 3,781MW, FG Loses N626.7bn   Power generation from the nation’s generating companies hits an average of 3,781MW in 2019 from a...

Nigeria, Sierra Leone Plan Currency Swap

Nigeria, Sierra Leone Plan Currency Swap   The Chairman, Economic Community of West African States (ECOWAS) Committee of Governors of Central Banks, Prof. Kelfala Kallon, has...

Uganda To Borrow $2bn To Fund Budget

Uganda To Borrow $2bn To Fund Budget   Uganda said it plans to borrow 6.9 trillion shillings ($1.89 billion) from external lenders in the 2020/2021 (July-June)...

Airports Recorded 8.5 million Travellers In 6 Months – NBS

Airports Recorded 8.5 million Travellers In 6 Months – NBS   The National Bureau of Statistics has said that a total of 8.48 million passengers travelled...

In One Year, Foreign Reserves Drop By $4.45bn

In One Year, Foreign Reserves Drop By $4.45bn   Nigeria’s foreign reserves, which stood at $43.07bn as of the beginning of January 2019, fell by $4.45bn...

Spending N37bn On National Assembly Renovation Ridiculous – TUC

Spending N37bn On National Assembly Renovation Ridiculous - TUC   The Trade Union Congress of Nigeria has described as ridiculous the proposal to renovate the National...

Non-oil Exports Doubled To N2trn In 2019 — FG

Non-oil Exports Doubled To N2trn In 2019 — FG   Federal Government said the nation’s non-oil exports doubled from about N1 trillion to N2trn between 2018...

Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria

Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria   A number of oil and gas projects valued at $58.4bn are facing an uncertain future as...

Oil Block: FG Targets N939bn From Licences Renewal

Oil Block: FG Targets N939bn From Licences Renewal   The Federal Government is looking to earn a total of N939bn from the renewal of oil blocks...

In One Year, Economy Recorded $4.17bn Forex Deficit

In One Year, Economy Recorded $4.17bn Forex Deficit   A total foreign exchange of $58.01bn came into the economy through the Central Bank of Nigeria within...
FIRS

FIRS Records N4.8trn 10-year Revenue Shortfall

FIRS Records N4.8trn 10-year Revenue Shortfall   Within a 10-year period covering 2010 and 2019, the Federal Inland Revenue Service recorded a revenue shortfall of N4.88tn,...

CBN Disburses N611.5bn To Commercial Farmers

CBN Disburses N611.5bn To Commercial Farmers   The total amount disbursed to farmers under the Commercial Agriculture Credit Scheme from inception in 2009 rose to N611.5bn...