FG Loses $1bn Annually In Maritime Sector     A former Director General (DG) of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, has said the Federal Government loses up to $1 billion annually in the maritime sector due to policy summersaults and expatriate players’...

CBN To Clear $1bn Forex Demand Backlog     The Central Bank of Nigeria (CBN) is expected to clear over $1 billion forex demand backlog as it resumes sales of $100 million weekly after the five-week lockdown in Lagos and Abuja was called off. There is an estimated...

IMF Launches $1bn Fund Raising For Poor Countries   The International Monetary Fund says it has launched a fund-raising exercise that will enable the Catastrophe Containment and Relief Trust to provide about $1bn for the current COVID-19 pandemic. The Managing Director, IMF, Kristalina Georgieva, in a statement,...

Auto Industry Attracts $1bn, Imports Gulp $8bn Annually   Since the commencement of the National Automotive Industry Development Plan in 2013, about $1bn (N360bn) has been invested in the sector. The Director-General, National Automotive Design and Development Council, Jelani Aliyu, gave this figure on Monday in Abuja...

Reps Investigate $1bn Spent On Tucano Jets, Others   The House of Representatives has begun investigation into how the Federal Government spent the $1bn special security fund approved for it by the National Assembly. Part of the money was used to acquire 12 Super Tucano fighter aircraft...

Delta Air To Commit $1bn On Carbon Emissions Reduction, Sustainability   United States carrier, Delta Air Lines, says starting March 1, 2020, it will be committing $1bn over the next 10 years on its journey to mitigate all emissions from its global business. The airline said it...