Nigeria, Others Lost $793.7m To Maritime Insecurity – NIMASA DG       Nigeria and other countries on the shores of the Gulf of Guinea lost $793.7m in 2016 as a result of maritime insecurity, the Nigerian Maritime Administration and Safety Agency has said. The Director-General, NIMASA, Dr Bashir...

In Five Years, Nigeria’s Bilateral Loans Rise By 145%       Nigeria’s loans from China, France, Japan, India and Germany rose from $1.66bn as of December 31, 2015 to $4.06bn as of December 31, 2020, signifying an increase of $2.4bn or 144.58 per cent in five years. This...

Oil, Gas GDP Contribution Declines By N3.25trn In Two Years       The contribution of crude petroleum and natural gas sector, which is a sub-sector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N13.45tn in 2018 to N10.2tn in 2020, signifying a...

NDIC Pays N118.71bn To Bank Depositors, Says MD       The Nigeria Deposit Insurance Corporation (NDIC) said it has paid N118.71 billion to both the insured and uninsured depositors of failed banks as of June this year. The Managing Director/Chief Executive of the corporation, Bello Hassan, said this...

DMO Offers September Savings Bonds For Subscription         The Debt Management Office has opened the September savings bond offer to investors. The DMO said this in a circular on Monday that it is offering the Federal Government’s two-year and three-year savings bonds. The circular posted on its website...

Paris Club Refund: Govs Ask Banks To Stop $418m Consultants Pay         The Nigeria Governors’ Forum (NGF) has asked banks not to proceed with the payment of $418.9 million to consultants as directed by the Minister of Finance, Budget and National Planning, Zainab Ahmed. The minister had...