AMCON Empowered To Sell Debtor-firms, VIPs’ Assets As Buhari Signs Bill
President Muhammadu Buhari has signed into law the Asset Management Corporation of Nigeria (Amendment) Act, amending the AMCON Act No.4, 2010.
The development means AMCON has now been empowered to take possession, manage, and sell...
Nigeria Records N18.54trn Real GDP In Q3, 2021
The National Bureau of Statistics (NBS) has said in third quarter (Q3) of 2021, Nigeria recorded N18.54 trillion real Gross Domestic Product (GDP).
Besides, the bureau said in the period under review, the country recorded N45.11 trillion nominal...
W/Bank Projects $17.6bn Diaspora Remittance To Nigeria
The World Bank has projected $17.6 billion Diaspora remittances into Nigeria in 2021, representing 2.5 per cent increase from $17.2 billion recorded in 2020.
The Bank gave this projection in a report titled, “Migration and Development Brief 35”, attributing...
Nigeria’s Remittance Inflow Rebounds, Now $17.6bn - W/Bank
Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to $45bn in 2021, a new report by the World Bank has indicated.
Remittance inflow to Nigeria was $17.2bn as of December, 2021.
The World...
Fed Govt To Pay Consultants N895m For N27bn Rivers Road Construction
The Federal Executive Council, presided over by President Muhammadu Buhari on Wednesday approved contracts worth N27.4bn for projects in the Ministry of Works and Housing, and the Federal Capital Territory.
The council also approved the...
Inflation May Push 91m Nigerians Below Poverty Line – W/Bank
The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have increased the percentage of Nigerians living below the national poverty line from 40.1 per cent...
