DBN Disburses N150bn To MSMEs In Three Years       The Development Bank of Nigeria (DBN) has disbursed over N150 billion since it commenced operations in 2017, the Federal Government has disclosed. The disbursement was done through 27 participating financial institutions, for onward lending to MSMEs across the...

NNPC Commits to Growing Nation’s Hydrocarbon Reserves to 40 billion barrels The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of...

COVID-19: Rivers Misses Out As FG Disburses N66.5bn To States       The Federal Government on Wednesday announced the disbursement of N66.5bn ($175m) to 35 eligible states on the basis of the Amended COVID-19 Responsive 2020 Budget results achievement. According to the government, Rivers State was the only...

Reps Question Firm For Insuring Immigration’s Grounded Aircraft       The House of Representatives on Wednesday grilled the management of Northlink Insurance Brokers Plc for insuring two grounded aircraft belonging to the Nigerian Immigration Service. The aircraft insured for N198.5m and for which a renewal premium of N13,409,800...

Nigeria’s Oil Rigs Decline By 30% As Exploration Drops       The number of active oil rigs in Nigeria declined by 30 per cent in October, with stakeholders lamenting the reduction in exploration activities in the nation’s oil and gas industry. Data obtained by our correspondent from the...

States Borrow N900bn From Capital Market         The Securities and Exchange Commission (SEC), has disclosed that state governments in Nigeria have borrowed not less than N900 billion from the capital market since 1978. The Director General, SEC, Mr Lamido Yuguda, disclosure this at a webinar organised by...