FCT Councils, Others Share N3.7bn In February       The Federal Capital Territory (FCT) administration has disbursed a total sum of N3.736 billion in February as against the N3.8 billion shared in January 2021. The money was disbursed to the six area councils and other stakeholders in the...

FG Loses Over $7bn Annually To Piracy   The Federal Government loses over $7 billion on freight cost yearly to criminal activities on the nation’s territorial waters, the former President, Association of Nigerian Licensed Customs Agents (ANLCA), Prince Olayiwola Shittu, has said. He called on the government...

Reps Probe CBN’s $7bn Reserve Disbursed To Banks   The House of Representatives has begun investigation into the alleged non-refund of $7bn withdrawn from Nigeria’s foreign reserves by the Central Bank of Nigeria in 2006 and disbursed to banks and assets managers. The House mandated the Committee...

Banks Fail To Account For Nigeria’s $7bn Reserves 13 Years After Collection   There are strong indications that a huge chunk of the $7bn reserves which the Central Bank of Nigeria under a former Governor Charles Soludo gave to 14 banks had yet to be repaid...

NNPC, Investors Negotiate $7bn FDIs In Uk The Nigerian National Petroleum Corporation has said a team from the corporation is currently in London negotiating deals that will attract Foreign Direct Investments valued at about $7bn into Nigeria’s oil and gas sector. The nation’s crude oil and...

The Federal Government is seeking investments worth $7bn in mining and steel over the next decade as it targets the development of gold and iron ore extraction industries to diversify the nation’s oil-dependent economy. One of the government’s priorities is to meet the annual steel...