BoI Concludes $1bn Syndicated Term Loan         The Bank of Industry has announced the successful conclusion of a landmark $1bn loan syndication transaction aimed at improving the capacity of the bank to effectively support Micro, Small, Medium and Large enterprises across key sectors. According to a statement...

NNPC Records N222.3bn Gross Revenue In November       The Nigerian National Petroleum Corporation (NNPC) recorded a gross revenue of N222.3 billion, excluding statutory and obligatory deductions in November 2020, latest figures from the national oil company have indicated. Documents presented by the corporation, detailing its activities to...

Fourteen Insurers To Pay N9.7bn #EndSARS Riot Claims         A total of 1,036 individuals and corporates that recorded losses during the recent #EndSARS protests across the country have lodged claims through 14 insurance companies; 667 of the claimants are from Lagos. Fourteen insurance companies will pay about...

ABCON To CBN: Make BDCs Diaspora Remittance Agents         The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to make Bureaux De Change operators payout agents for diaspora remittances. The President, ABCON, Alhaji Aminu Gwadabe, said the apex bank...

Fed Govt Records 17.3% Shortfall In Companies’ Income Tax         Against the backdrop of pressures on the Federal Government’s finances and 2020 budget revenue estimates, an indication has emerged that the government may have already recorded a shortfall of 17.3 per cent in the Company Income...

Two Months After, Airlines Await N5bn Bailout       Almost two months after the federal government approved a N5 billion bailout for the aviation sector, operators are worried over the delay in its release, even as many airlines and allied businesses are on the brink of collapse. The...