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$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami

$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami       The Federal Government recovered $700 million looted funds in the last four years, even as it just received the £4.2 million taken from Delta State’s treasury by an ex-governor of...

CBN, NNPC To Spend N1bn On 3,000 Returnees

CBN, NNPC To Spend N1bn On 3,000 Returnees     The Central Bank of Nigeria and the Nigerian National Petroleum Corporation have agreed to spend over N1bn on the quarantine and feeding of over 3,000 Nigerians awaiting evacuation in foreign countries. The two organisations are expected to share...

Nigeria, ASEAN Trade Volume hits $7.7bn

Nigeria, ASEAN Trade Volume hits $7.7bn As the Association of Southeast Asian Nations (ASEAN) plans to hold a film festival in Nigeria, the 10-nation body has unveiled that its trade volume with Nigeria in 2017 hit $7.7 billion. The Association of Southeast Asian Nations (ASEAN) of...

FG Seeks IMF, World Bank Reformed

The Federal Government of Nigeria has sought the reform of the Bretton Wood Institutions to make them responsive to the needs of developing countries and also reflect the realities of the 21st century. The Minister of Foreign Affairs, Geoffrey Onyeama, stated this at the 41st...

FG approves closure of 5 Expensive Foreign Missions

FG approves closure of 5 Expensive Foreign Missions The Federal Government of Nigeria has approved the closure of five foreign missions and embassies, Minister of Foreign Affairs, Mr Geoffrey Onyeama said. The minister who did not mention the embassies or missions, said the process for closure...

China Pledges Fresh $40b Investment in Nigeria

The Chinese Foreign Affairs Minister, Mr Wang Yi says his country is investing additional 40 billion dollars in Nigeria. Yi stated this at a bilateral meeting with his Nigerian counterpart, Mr Geoffrey Onyeama in Abuja. The minister said China had already invested up to the tune...