We Refunded N1.2bn to Depositors of Liquidated MfBs - NDIC   The Nigeria Deposit Insurance Corporation (NDIC) has said it has refunded more depositors of microfinance banks whose licences were recently revoked by the Central Bank of Nigeria. It said currently, it had refunded N1.2bn to about...

Forex: Nigerians Spend $340.84 on Education in Six Months – CBN   Nigerians seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023. This figure is according to a data by the Central Bank of Nigeria (CBN) on the amount spent...

€1.2m Worth of Imported Equipment Required For Eko Bridge Rehabilitation - Minister   The Minister of Works, Dave Umahi, has said the government needs to import construction equipment worth €1.2m to effectively perform rehabilitation works on the Eko Bridge in Lagos State. The Minister made the announcement...

PenCom Says Workers Accessed N986.88m Pension Savings For Mortgage   No fewer than 90 workers have accessed N986.88m out of their Retirement Savings Accounts with their Pension Fund Administrators to enable them acquire residential mortgages as of the end of June 2023. The National Pension Commission (...

Chinese Loan Hits $4.73bn, Rises By $800m in One Year   Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year. It is an increase of 20.36 per cent from...

Tax Exemptions, Waivers to Cost FG N12.4trn in Four Years   A whopping N12.384 trillion will be forgone by the Federal Government as tax waivers, concessions and incentives in the four years (2023 – 2026). Beneficiaries of these revenue losses include big corporations, start-ups and politically exposed...