Nigerians In Diaspora Remit $65.34bn In Three Years       The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank have shown. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn;...

Local Aviation Loses N11.6bn Annually To Poor Ground Handling Rates       Perennial underpricing and poor rates in the ground handling sub-sector of aviation yearly is costing the entire industry a shortfall of $28.35 million or N11.6 billion ($1:N410). A rough estimate in revenue, according to industry benchmark...

MDAs Couldn’t Account For N4.97trn In 2019 - Auditor-general       The Auditor-General of the Federation, Adolphus Aghughu, has said ministries, departments and agencies of the Federal Government failed to account for a total sum of N4.97tn in 2019. Aghughu said the MDAs failed to substantiate the sum...

Lawan Says Petroleum Law Not Perfect, Open To Amendment       Senate President Ahmad Lawan yesterday said the Petroleum Industry Act 2021 is not perfect and will be amended in future. To him, enacting the law after so many years is significant even if all expectations were not...

In One Year, IT Investments Decline By $53m     Despite intensive promotion of the nation’s technology sector, investments in the information technology services subsector tumbled from $74.74m at the end of 2019 to $21.68m as of December 31, 2020. This is according to analysis of the capital...

#EndSARS: Nigerian Insurers Settled N5.4bn Claims       Nigeria Insurers Association has said that the insurance firms have paid over N5.4bn in claims settlement arising from #EndSARS losses. The Director-General, Yetunde Ilori, said this at the Surplus Distribution Event held by Noor Takaful Limited on Wednesday. Nigerian youths had...